Comparison Saxo Bank vs Zacks Trade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Saxo Bank vs Zacks Trade. Is Saxo Bank or Zacks Trade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Saxo Bank on regular transactions of the stock exchange is from 0.1% commission, and Zacks Trade has a commission fee of $0.01 per share with $1 minimum or 1% of trade value if <$1 per share. Let’s analyze the commission fees on trading options. Saxo Bank has a commission fee of from £2.50 per lot, Zacks Trade has a commission fee of $1 for First Contract + $0.75 per additional. For trading in Forex, the commission fee of Saxo Bank is from 0.4 pips, while the commission fee of Zacks Trade is -. When analyzing commission fees in CFD: Saxo Bank provides from £0.85, and Zacks Trade provides -. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 0.1% commission and - for Saxo Bank and Zacks Trade, respectively. You can read more detailed information on commission fees in the online broker reviews.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Saxo Bank provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor, and Zacks Trade provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. Concerning the platforms, Saxo Bank uses Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App, while Zacks Trade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. And Zacks Trade was established in Original company 1978, online brokerage 2008 in United States, and it is regulated by SEC, FINRA, SIPC. Withdrawal of funds from Saxo Bank can be done using Bank Wire with a withdrawal fee of 0. And Zacks Trade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 1 withdrawal free monthly. The withdrawal time for Saxo Bank is 1-2 business days, and that one for Zacks Trade is 4-7 working days.
As a result, the rating of Saxo Bank is 4.1 stars versus that of Zacks Trade of 4 stars.