Saxo Bank vs Freetrade : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Saxo Bank

Freetrade

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

STP broker

Years of Existence / Established Year

1992

2016

Customer Base / Number of Accounts

1 million+ clients

1.5 M

Regulation & Security

Regulations (governing bodies)

FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID

FCA

Awards Won (count for the last 2 years)

Best Prime-of-Prime Broker 2024, Best Trading Platform 2024, Best Forex Broker 2024, Best CFD Broker 2023 and Best DMA/Professional Trading Account 2023

Best Online trading platform 2024

Security Measures

Danish Depositor and Investor Guarantee Scheme DGS upto EUR 100,000 per depositor

Yes

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

over 71,000 financial instruments including Turbos

6200+ U.S Treasury Bills, Investment trust

Currency Pairs

Yes

Commodities

Yes

Indices

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Real Estate Investment Trusts (REITs)

Yes

Equities

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

MT5

cTrader

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Saxo investor, SaxoTrader GO, SaxoTrader PRO

Freetrade web and mobile trading platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Saxo account, Joint account, Corporate account, Professional account

General investment account, Stocks and shares ISA, Personal pension account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Minimum Deposit

Leverage Available

1:50-1:100

100:1

Trade Limit (maximum per trade)

Depends on the assets class

depends on asset class

Commission (per account type)

Best Suited For (e.g., beginners, experienced traders)

Beginners to experienced traders

Deposit & Withdrawal Options

Deposit Methods

VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card

Bank transfer, debit card, Apple pay, google pay

Withdrawal Methods

Telegraphic Transfer, MEPS

Linked bank account

Other E-Wallets Supported

Apple pay , google pay

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Saxo Academy Trading Education, Market Analysis and Insights, Webinars, Trading Strategies and Ideas, Saxo TV Market News and Analysis

Learn (Trading Education), Freetrade Blog (Market Insights), Webinars, Investing Guides, Video Tutorials, Community Forum

Fees & Commissions

Trading-Related Fees

Stocks - $1, ETFs-$1, Bonds- 0.05%, Mutual funds- $0, Spread on Major forex pairs- from 0.7 to 0.9 pips

FX fee of 0.59%

Spread (typical, fixed, variable)

Variable

Per Lot Fees

Options Contract Fees

$0.75

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:1000

100:1

Non-Trading Fees

Dormant Fees

Subscription Fees (for premium features, data feeds)

100 EUR per ISIN

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

£10.97

Deposit Fee

Plus or minus 0.25%

£5

Currency Conversion Fee

Exchange rate + 0.99%

Withdrawal Fee

$0 bank fees may apply

£5

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Trading Hours

Trading Hours (for each asset class if applicable)

Varies by instrument

Monday to Friday: 8:00 AM - 4:30 PM GMT Monday to Friday: 9:30 AM - 4:00 PM ET (2:30 PM - 9:00 PM GMT) European Market Hours- Monday to Friday: 9:00 AM - 5:30 PM CET (8:00 AM - 4:30 PM GMT)

Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/5

Customer Support Methods (phone, email, live chat)

Phone: +33 1 78 94 56 40, +44 (0)207 151 2100, +39 02 3668 2929, +31 (0)20 225 5900, +41 58 317 95 00. E-mail: [email protected], Live chat

Help hub, community forum, E-mail, Social media

Support Languages

24+

Additional Information

Headquarters Location

Copenhagen, Denmark

Level 2, The Truman Brewery, 91 Brick Lane, London, England, E1 6QL

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

If minimizing trading costs is your top priority, Saxo Bank might be more attractive due to its lower commissions. Meanwhile, Freetrade justifies its moderate fees with more robust tools and professional-grade features.

New users will likely find Saxo Bank sign-up process more intuitive. Meanwhile, Freetrade takes a more regulated path to onboarding, which could benefit traders seeking high capital limits and detailed agreements.

Saxo Bank platform is great for fast-paced day trading, especially with features like one-click trading. Freetrade platform, by comparison, is built for strategy testing and long-term portfolio management.

Saxo Bank stands out for active traders with robust tools, while Freetrade suits investors seeking simplicity and ease of use.

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