Saxo Bank vs Plus500 : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Saxo Bank

Plus500

Broker Overview

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

STP broker

Market maker

Years of Existence / Established Year

1992

2008

Customer Base / Number of Accounts

1 million+ clients

20 Million

Regulation & Security

Regulations (governing bodies)

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

FCA, CYSEC, ASIC, FMA, FSCA, FSP, ISA, FSA, MAS, DFSA, FSA, SCB

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 in Class for Trust Score 2024, GLOBAL TRADING ADVFN International Financial Awards

Security Measures

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

Anti-Money Laundering

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

2800+

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

Exchange Traded Notes (ETNs)

Precious Metals

Real Estate Investment Trusts (REITs)

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

Mobile and web 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

Retail Account & Demo Account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Minimum Deposit

$100

Leverage Available

1:50-1:100

1:30

Trade Limit (maximum per trade)

Depends on the assets class

Depends on the asset type

Commission (per account type)

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

Beginners to experienced traders

Experienced traders

Deposit & Withdrawal Options

Deposit Methods

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

Credit, Debit, Master card, Bank transfer, e-wallets

Withdrawal Methods

Telegraphic Transfer, MEPS

Credit, Debit, Master card, Bank transfer, e-wallets

Other E-Wallets Supported

PayPal, Skrill

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

Trading Academy Online Courses, Market News and Analysis, Webinars, Trading Guides and eBooks, Video Tutorials, Trader's Guide Beginner's Guide

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

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

1:30

Non-Trading Fees

Dormant Fees

$10 per month inactive for three months

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

Deposit Fee

Plus or minus 0.25%

Currency Conversion Fee

0.70%

Withdrawal Fee

$0 bank fees may apply

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

Depends on the instrument offer

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

Call +65 6320 1111 or +65 6320 1119, Email to Plus500's customer support, Live chat

Support Languages

24+

32+

Additional Information

Headquarters Location

Copenhagen, Denmark

Menachem Begin 125 Tel Aviv, Israel.

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.

Both Saxo Bank and Plus500 offer affordable fee structures, but Saxo Bank generally edges out with no inactivity fees and lower commissions on standard trades, whereas Plus500 shines with bundled research and platform access.

Creating an account with Saxo Bank is generally faster and more user-friendly, often taking just a few minutes, while Plus500 requires more detailed steps and identity verification, which may suit more cautious investors.

New traders may find Saxo Bank interface more welcoming, while Plus500 appeals to experienced users looking for tools like heatmaps, screeners, and market sentiment overlays.

If you're after professional-grade platforms, Saxo Bank may be ideal. For casual investors, Plus500 offers a low-barrier entry.

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