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Saxo Bank vs Xtrade 2022

April 26, 2022
Last modified May 10, 2022

Saxo Bank is better than Xtrade.

Trying to decide between Saxo Bank and Xtrade? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

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Overall Rating expand_moreexpand_less Saxo Bank Xtrade XTB
Overall Rating star 9.5 / 10 star 6.5 / 10 star 8.7 / 10
Account Type expand_moreexpand_less Saxo Bank Xtrade XTB
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No No Yes
Copy Trading expand_moreexpand_less Saxo Bank Xtrade XTB
Social Trading / Copy Trading Yes No Yes
DupliTrade No No No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less Saxo Bank Xtrade XTB
Cryptocurrency (Physical) No No No
Crypto Trading No No No
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading expand_moreexpand_less Saxo Bank Xtrade XTB
Forex Trading No No No
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Saxo Bank Xtrade XTB
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less Saxo Bank Xtrade XTB
Forex Trading No No No
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No No
Social Trading / Copy Trading Yes No Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes Yes Yes
ETF Yes Yes No
U.S. Stocks (CFD) Yes No Yes
Trading Platforms expand_moreexpand_less Saxo Bank Xtrade XTB
Android App No No No
Apple iOS App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) No No No
Web Platform No No No
MetaTrader 4 (MT4) Yes No Yes
MetaTrader 5 (MT5) No No No
Regulatory Licenses expand_moreexpand_less Saxo Bank Xtrade XTB
Tier-1 Licenses 6 1 1
ASIC Authorised (Australia) Yes Yes No
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) Yes No Yes
SFC Authorised (Hong Kong) Yes No No
MAS Authorised (Singapore) Yes No No
FINMA Authorised (Switzerland) Yes No No
CFTC Registered (USA) No No No
Tier-2 Licenses 1 2 3
Tier-3 Licenses 0 1 1
Research, Education expand_moreexpand_less Saxo Bank Xtrade XTB
Trading Central (Recognia) No No No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist Yes No No
Investor Dictionary (Glossary) Yes Yes No
Videos - Beginner Trading Videos Yes No Yes
Client Webinars (Archived) Yes No Yes
Trading Costs expand_moreexpand_less Saxo Bank Xtrade XTB
Minimum Deposit $2,000 $250 $0
Average Spread EUR/USD - Standard 0.8 (August 2020) -1 0.9 (Q3 2021)
All-in Cost EUR/USD - Active 0.6 (August 2020) -1 0.9 (Q3 2021)
Active Trader or VIP Discounts Yes Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) No No Yes
Trading Tools expand_moreexpand_less Saxo Bank Xtrade XTB
Watchlists - Total Fields 62 9 8
Mobile Watchlist Yes No Yes
Charting - Indicators / Studies (Total) 62 20722 39
Mobile Charting - Indicators / Studies (INTL) 62 N/A 39
Trust Factors expand_moreexpand_less Saxo Bank Xtrade XTB
Year Founded 1992 2003 2002
Publicly Traded (Listed) No No Yes
Bank Yes No No
Authorised in European Union Yes No Yes
Trust Score 99 80 95
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