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Saxo Bank vs Swissquote : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Saxo Bank
Swissquote
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
STP
Years of Existence / Established Year
1992
1996
Customer Base / Number of Accounts
1 million+ clients
610,000 accounts
Regulation & Security
Regulations (governing bodies)
FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID
FINMA CySEC FCA, DFSA
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
FSCS
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
over 71,000 financial instruments including Turbos
9000+ Markets including ETNs
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
No
Yes
Cryptocurrencies
Yes
Yes
CFDs
Yes
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
Yes
Yes
Bonds
Yes
Yes
Mutual Funds
Yes
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
Yes
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
Yes
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
Yes
cTrader
No
No
Social Trading
No
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
Saxo investor, SaxoTrader GO, SaxoTrader PRO
CFXD Swissquote App
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
Standard Premium Prime Professional
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
€0
Leverage Available
1:50-1:100
1:100- 1 : 400
Trade Limit (maximum per trade)
Depends on the assets class
Varies by instrument
Commission (per account type)
$0
€0
Best Suited For (e.g., beginners, experienced traders)
Beginners to experienced traders
Beginners
Deposit & Withdrawal Options
Deposit Methods
VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card
Wire Transfer Credit/ Debit cards
Withdrawal Methods
Telegraphic Transfer, MEPS
Wire Transfer Credit/ Debit cards
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
AI generated sentiment analylsis Portfolio performance chart Recurring orders & Securities lending Stress test tool, ESG feature
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
Stocks - 0.1%, ETFs - 0.1%, Options / Futures - 2 Euro per contract, OTC Orders/ Grey market / other markets: 0.50%, minimum 100 currencies, Cryptocurrencies- €25 - 10,000 - 1%, Mutual funds - €24.95 minimum commission
Spread (typical, fixed, variable)
Variable
Variable
Per Lot Fees
NA
0.00 pips
Options Contract Fees
$0.75
€0.85 per transaction
Futures Contract Fees
$1
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:1000
1:400
Non-Trading Fees
Dormant Fees
$0
NA
Subscription Fees (for premium features, data feeds)
100 EUR per ISIN
Others- 0.25%Mutual funds - 0.5%
Advisory Fees
NA
€0
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
EUWAX Market - 0.1%
Account Opening Fee
NA
€0
Account Maintenance Fee
NA
Quarterly Custody Fees for Cash Asset 0 to 50,000 CHF - 20 CHFAccount fees for precious metal account balances - 0.25%
Deposit Fee
Plus or minus 0.25%
Bank / Post wire transfer - Free Crediting of cheques - 30 CHF Card deposits - 1.9% (Switzerland & Europe)/0% rest
Currency Conversion Fee
$0
UK - 0.5%
Withdrawal Fee
$0 bank fees may apply
Wire transfer - Payment fees changes based on currency
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
No
Trading Hours
Trading Hours (for each asset class if applicable)
Varies by instrument
Forex Opening Hours: 8:00 - 18:00 CET. Monday to FridayForex dealing desk Opening hours: From 23:00 Sunday to 23:00 Friday CET
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/5
8:00 - 22:00 CET Monday to Friday
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: +41 44 825 88 88 Forex: +41 44 825 87 87 E-mail: [email protected] Forex dealing desk: +41 22 999 94 76
Support Languages
24+
9+
Additional Information
Headquarters Location
Copenhagen, Denmark
Chemin de la Cretaux 33 P.O. Box 1032 1196 Gland
Complaints (for crypto brokers)
No
No
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