Compare Swissquote Vs Saxo Bank: Which is the Better Forex Broker in 2024?
Swissquote Vs Saxo Bank, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Swissquote Vs Saxo Bank, here is the direct comparison:
Compare | Swissquote | Saxo Bank |
General Rating |
2.09/5 |
1.00/5 |
Score | ||
Trustpilot |
3.7/5 150 users |
3.7/5 5545 users |
πΌ Regulation | ||
β Info | ||
β Established | 1996 | 1992 |
π² Min Deposit | $1000 | $2000 |
β Max Leverage | 1:100 | 1:200 |
π’ Spread | Fixed | Fixed |
πΈ Commissions | ||
π‘ Min Position | 0.1 lot | 0.05 lot |
π³ Payment | Wire transfer and Credit/debit cards | Wire transfer and Credit/debit cards |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, German, English, Spanish, French, Russian, Chinese | Arabic, Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Hebrew, Dutch, Norwegian, Polish, Romanian, Russian, Slovenian, Chinese |
πͺ Trade Now | Open Swissquote | Open Saxo Bank |
Compare Again
Testimonials
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Swissquote: Live chat support - terrible. The guy there doesn't know...
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Swissquote: They (or their payment vendors) charge high fees, like 2%...
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Swissquote: Stay away from this low quality market maker. Account opening...
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Swissquote: When I tried to open an account, I had to...
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Swissquote: Before I had even finished opening my account I had...
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Saxo Bank: Customer service simply does not exist. Forget them. They have...
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Saxo Bank: started the online application process but midway through i checked...
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Saxo Bank: They seriously need to learn how to communicate to new...
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Saxo Bank: After 2 years of being there as a trader and...
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Saxo Bank: Saxo says no withdrawal fee, but actually withdrawal has a...
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See More Swissquote Testimonials
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See More Saxo Bank Testimonials
News
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Saxo Bank Wins Prime of Prime Award at FX Markets Asia Awards 2024
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Swissquote's New Website Offers a Visual and Functional Upgrade
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Charlie White-Thomson Steps Down as UK CEO of Saxo Bank Forex Broker
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Saxo Bank Sees 23% Drop in FX Volume for January
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Swissquote Launches Lending Program, Providing Passive Income for Clients
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Saxo Bank Implements Fee Reductions, Slashing Costs for Clients
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Saxo Bank Forex Broker Concludes 2023 with Impressive Trading Volumes
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Saxo Bank Forex Broker Unveils Saxo Options Talk Podcast
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Swissquote Appoints New COO Following the Retirement of Lino Finini
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See More Related Swissquote News
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See More Related Saxo Bank News
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Swissquote provides their pricing with Fixed spread while Saxo Bank offers Fixed spread.
Swissquote vs Saxo Bank: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Swissquote enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), Advanced Trader (Limited with 30 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Saxo Bank provides trading with SaxoTraderPRO (Limited with 20 days), SaxoWebTrader (Limited with 20 days), SaxoTraderGO (Limited with 20 days) with the support of One-click trading, Trailing stop, Pending orders.
Is Swissquote or Saxo Bank better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Swissquote supports trading with Forex, Gold & silver, Stocks, Options, Indexes, Crypto, CFD, while Saxo Bank presents the ability of trading with Forex, Gold & silver, CFD, Spread betting, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to Swissquote and Saxo Bank:
- Compare Swissquote vs IC Markets
- Compare Swissquote vs Grand Capital
- Compare Swissquote vs InstaForex
- Compare Saxo Bank vs FBS
- Compare Saxo Bank vs HFX Internasional Berjangka
- Compare Saxo Bank vs easyMarkets
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