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Fidelity vs Saxo Bank : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Fidelity
Saxo Bank
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
STP broker
Years of Existence / Established Year
1946
1992
Customer Base / Number of Accounts
51.4 million
1 million+ clients
Regulation & Security
Regulations (governing bodies)
SEC, MSRB, FINRA
FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID
Awards Won (count for the last 2 years)
Best Online Broker for Beginning Investors 2024, Rated #1 for Overall Broker 2024, Best Online Broker 2023
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
Security Measures
FDIC , SIPC
Danish Depositor and Investor Guarantee Scheme DGS upto EUR 100,000 per depositor
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes* Restriction for some clients
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
10000+ mutual funds including fixed income, CDs, Annuities, life insurance, long-term Care Planning, 529 Plans IRAs, Health Savings Account
over 71,000 financial instruments including Turbos
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
No
Cryptocurrencies
Yes
Yes
CFDs
No
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
No
Yes
Bonds
Yes
Yes
Mutual Funds
Yes
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
No
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Trading dashboard, Fidelity mobile, Active Trader Pro
Saxo investor, SaxoTrader GO, SaxoTrader PRO
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Fidelity® Cash Management Account., The Fidelity Account, Individual Retirement Account (IRA), 529 College Savings Account., Fidelity HSA, Custodial Account (UGMA/UTMA)
Saxo account, Joint account, Corporate account, Professional account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$0
Leverage Available
No
1:50-1:100
Trade Limit (maximum per trade)
Depends on assets class
Depends on the assets class
Commission (per account type)
$0
$0
Best Suited For (e.g., beginners, experienced traders)
Beginners and experienced traders
Beginners to experienced traders
Deposit & Withdrawal Options
Deposit Methods
ATM/debit card, Deposits eligible for FDIC insurance, Cash Manager, Fidelity Mobile, Bill Pay, Check writing, Automatic investments, Automatic withdrawals, Direct deposit, Electronic funds transfer (EFT), e-wallets
VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card
Withdrawal Methods
Electronic funds transfer (EFT), Bank wire, Paper check, Paper bill varies by account types
Telegraphic Transfer, MEPS
Other E-Wallets Supported
Venmo or PayPal
No
Tools & Educational Resources
Economic Calendar
No
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Research and Tools, Investment Education, Webinars and Online Courses, Market News and Insights, Retirement and Planning Tools
Saxo Academy Trading Education, Market Analysis and Insights, Webinars, Trading Strategies and Ideas, Saxo TV Market News and Analysis
Fees & Commissions
Trading-Related Fees
Commission for U.S stocks, ETFs, Options- $0, Mutual funds- $49.95, Crypto spread- 1.0 pip, Margin liquidation -$32.95 per liquidation, Stock certificate transfer and ship $10 Per Certificate
Stocks - $1, ETFs-$1, Bonds- 0.05%, Mutual funds- $0, Spread on Major forex pairs- from 0.7 to 0.9 pips
Spread (typical, fixed, variable)
NA
Variable
Per Lot Fees
NA
NA
Options Contract Fees
$0.65/ Contract fee
$0.75
Futures Contract Fees
NA
$1
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
1:1000
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
NA
100 EUR per ISIN
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
NA
Yes
Statement or Document Fee
NA
NA
Account Opening Fee
$0
NA
Account Maintenance Fee
$0
NA
Deposit Fee
$0
Plus or minus 0.25%
Currency Conversion Fee
$50/ per trade
$0
Withdrawal Fee
Wire transfer-$3
$0 bank fees may apply
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
No
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
Premarket session -7:00 a.m. to 9:28 a.m. ET.
Varies by instrument
Customer Support
Support Hours (e.g., 24/7, weekdays only)
8:30 a.m. - 8:30 p.m. ET , Monday- Friday
24/5
Customer Support Methods (phone, email, live chat)
Phone: 800-343-0860, 800-835-5095, Live chat, Login for personalized help, FAQs
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
Support Languages
2
24+
Additional Information
Headquarters Location
Boston, MA
Copenhagen, Denmark
Complaints (for crypto brokers)
No
No
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