Saxo Bank vs Degiro

Saxo or Degiro – which is better for UK traders 2024? Compare Saxo and Degiro in this detailed breakdown of their platforms, features and fees.

Saxo vs Degiro Comparison Table 2024
Saxo Degiro
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4
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2.8
Saxo is ranked #84 among CFD brokers. Degiro is ranked #118 among UK brokers.
Review
Review
Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.
Degiro has closed or no longer accepts UK clients.
DEGIRO is a Netherlands-headquartered broker with millions of users and authorization from leading regulators, including the BaFin and FCA. Clients can access global exchanges anytime, anywhere, and on any device. DEGIRO offers stock trading with exceptionally low fees and a huge range of markets. DEGIRO are not CFD brokers and do not offer CFDs.
66% of retail accounts lose money. Investing involves risk of loss
Pros
  • Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools
  • High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions'
  • Excellent educational resources including podcasts, webinars and expert-led video insights
  • Access to comprehensive third-party analysis tools including TradingView and Updata
  • The ISA account is highly accessible and flexible with no entry or exit fees
  • Heavily regulated and trustworthy brand based in Switzerland
  • Low fees with premium account tiers
  • Low minimum deposit
  • Multiple account currencies
  • Commission-free stock trading
  • Access 50 exchanges in 30 countries
  • Beginner-friendly platform and app
  • Regulated by BaFin and FCA
  • No inactivity fee
  • 90+ global awards
  • 2+ million users
Cons
  • High funding requirements for the trading accounts
  • Access to Level 2 pricing requires a subscription
  • Clients from some jurisdictions not accepted including the US and Belgium
  • No copy trading
  • No demo account
  • No MT4 integration
  • No CFD trading
  • Few payment methods
Awards
  • Best Online Broker - Qualebroker 2022 (Italy)
  • Best Broker For ETFs And Investment Funds - Qualebroker 2022 (Italy)
  • Best Discount Broker - Broker Chooser 2022 (UK)
  • Best Broker For Stock Trading - Broker Chooser 2022 (UK)
FCA Regulated
Yes Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs Stocks, ETFs, Bonds, Futures, Options, Warrants
Demo Account
Yes No
Minimum Deposit
£500 $0
Payment Methods
Minimum Trade
Vary by asset Variable
Regulator
DFSA, MAS, FCA, SFC BaFin, FCA
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) iOS, Android & Windows
iOS App Rating
rating empty
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Android App Rating
rating empty
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Margin Trading
No Yes
Margin Rate
4%
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
Yes No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
  • USD
  • EUR
  • GBP
  • SEK
  • NOK
  • DKK
  • CHF
  • PLN
  • CZK
Commodities
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Corn
  • Gasoline
  • Oil
  • Gold
  • Silver
  • Livestock
  • Copper
  • Aluminium
  • Cotton
  • Coffee
  • Cannabis
CFD
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. DEGIRO do not offer CFDs
Leverage
1:30
FTSE Spread
1.2 pts (Variable) N/A
GBPUSD Spread<
0.7 (var) N/A
Oil Spread
0.03 N/A
Stocks Spread
0.10% (subject to min commission) N/A (Flat fee applies)
Forex
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. Degiro do not offer Forex trading
Assets
40+ 0
GBPUSD Spread
0.7 (varies by region) N/A
EURUSD Spread
0.2 (varies by region) N/A
EURGBP Spread
0.6 (varies by region) N/A
Saxo Degiro
Review
Review
66% of retail accounts lose money. Investing involves risk of loss
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