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Saxo Bank vs Charles Schwab : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Saxo Bank
Charles Schwab
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
STP broker
Years of Existence / Established Year
1992
1971
Customer Base / Number of Accounts
1 million+ clients
No information
Regulation & Security
Regulations (governing bodies)
FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID
NFA, SFC, MAS, FCA, CFTC, CIRO
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 Broker 2024, Best customer Service
Security Measures
Danish Depositor and Investor Guarantee Scheme DGS upto EUR 100,000 per depositor
SIPC
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
No
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
over 71,000 financial instruments including Turbos
Money market Funds, Index funds, Bonds and fixed products, Annuities, Bank and borrowing, International stocks, Margin loans, Insurance, Securities lending fully paid
Currency Pairs
Yes
Yes
Commodities
Yes
No
Indices
No
No
Cryptocurrencies
Yes
Yes
CFDs
Yes
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
Yes
Yes
Bonds
Yes
No
Mutual Funds
Yes
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
Yes
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
Yes
No
Other Trading Platforms (proprietary, etc.)
Saxo investor, SaxoTrader GO, SaxoTrader PRO
Schwab.com Web Trading Platform, StreetSmart Edge (advanced platform), StreetSmart Central (for options traders), Schwab Trading Powered by Ameritrade, thinkorswim Trading Platforms
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Saxo account, Joint account, Corporate account, Professional account
Brokerage and Trading, Retirement Accounts (IRAs), Education and Custodial, Personal Choice Retirement, Small Business, Accounts by Financial Goal
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$0
Leverage Available
1:50-1:100
No
Trade Limit (maximum per trade)
Depends on the assets class
Depends on order and trading session
Commission (per account type)
$0
$0
Best Suited For (e.g., beginners, experienced traders)
Beginners to experienced traders
Long term and active traders
Deposit & Withdrawal Options
Deposit Methods
VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card
ACH, Wire Transfer, Check deposit
Withdrawal Methods
Telegraphic Transfer, MEPS
ACH, Wire Transfer, Check deposit
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
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
Insights and Education, Trading, Market Commentary, Planning and retirement, Media
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
Commission -$0 online stock, ETF, and options trade, Commission is $75 - $50 fee + $25 assistance fees, broker-assisted trades- $25 service fee
Spread (typical, fixed, variable)
Variable
Variable
Per Lot Fees
NA
NA
Options Contract Fees
$0.75
$0.65
Futures Contract Fees
$1
$2.25 per contract.
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:1000
No
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
100 EUR per ISIN
$0
Advisory Fees
NA
Schwab Wealth Advisory- Starts at 0.80%- 1.0%
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
NA
Account Opening Fee
NA
$0
Account Maintenance Fee
NA
$0
Deposit Fee
Plus or minus 0.25%
$0
Currency Conversion Fee
$0
$0
Withdrawal Fee
$0 bank fees may apply
$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Varies by instrument
Regular Trading Session: 9:30 AM to 4:00 PM Eastern Time (ET), Pre-Market Session: between 8:05 AM ET, After-Hours Session: 7:00 AM to 9:25 AM ET
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/5
24/7
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
Phone: 800-435-4000, Chat, FAQs
Support Languages
24+
2
Additional Information
Headquarters Location
Copenhagen, Denmark
Westlake, Texas
Complaints (for crypto brokers)
No
No
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