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

Broker Name

Saxo Bank

Qtrade

Broker Overview

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

STP broker

ECN broker

Years of Existence / Established Year

1992

2000

Customer Base / Number of Accounts

1 million+ clients

1Million

Regulation & Security

Regulations (governing bodies)

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

IIROC, 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

No major awards listed

Security Measures

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

CIPF

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

100+ commission-free ETFs, GIC, Exchange-traded debentures, Fixed income

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

Yes

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

Qtrade 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

Cash- Individual, Society, Joint, Religious organization, Trust, Investment club, Estates Company, Registered accounts- FHSA, TFSA, RRSP, LIRA/ LRSP, RESP, RIF, LIF

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Minimum Deposit

Leverage Available

1:50-1:100

Trade Limit (maximum per trade)

Depends on the assets class

$500,000

Commission (per account type)

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

Beginners to experienced traders

Long term investor and self-directed investment options

Deposit & Withdrawal Options

Deposit Methods

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

Electronic fund transfer,bank transfer, e-transfer services, Bill payment

Withdrawal Methods

Telegraphic Transfer, MEPS

Bank transfer

Other E-Wallets Supported

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

Education- New to investing, Experienced with investing, Weekly Market Pulse

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

Equities- $6.95- $8.75, Options- $8.75 + $1.25 per contract/ $6.95 + $1.25 per contract, ETFs- $0, Mutual fund- $8.75/ $6.95, ETFs - Others- $8.75/ $6.95, Fixed income and Exchange-traded debentures- $1 per $1,000 face value/ $1 per $1,000 face value, DAP accounts - $10 per trade, $7.75 - commissions for stock, mutual fund and ETF trades

Spread (typical, fixed, variable)

Variable

Per Lot Fees

Options Contract Fees

$0.75

$8.75 + $1.25 per contract/ $6.95 + $1.25 per contract

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:1000

Non-Trading Fees

Dormant Fees

Subscription Fees (for premium features, data feeds)

100 EUR per ISIN

Advisory Fees

Swap Fees (Overnight Financing)

Yes

$45 / security

Statement or Document Fee

$2.50 / trade Paper account statements $6 / quarter

Account Opening Fee

$100 setup + $50 / year after first year

Account Maintenance Fee

$25/ quarter

Deposit Fee

Plus or minus 0.25%

Currency Conversion Fee

$100 / transaction

Withdrawal Fee

$0 bank fees may apply

Account transfer out $150

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

Varies by instrument

Pre-market trading: Available online and by phone from 8:30-9:29 AM ET, After-hours trading: Available online and by phone from 4-5 PM ET

Customer Support

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

24/5

Monday to Friday 8:30 am to 8:00 pm ET

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

E-mail: [email protected], 1.877. 787.2330

Support Languages

24+

Additional Information

Headquarters Location

Copenhagen, Denmark

Canada

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.

Saxo Bank stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, Qtrade offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.

Saxo Bank makes starting out easy with a simple application, especially for retail clients. Qtrade platform, while requiring more effort to join, allows experienced traders to customize their accounts from the start.

If you're trading on-the-go, Saxo Bank mobile platform is fluid and intuitive. Qtrade desktop and web apps are more robust, making them suitable for in-depth trading sessions.

Saxo Bank supports complex strategies and asset diversity, while Qtrade offers clarity and low-cost access for long-term holders.

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