DEGIROvs
Saxo BankStock Broker Comparison
The comparison pits DEGIRO and Saxo Bank against each other across price structures, global access, and platform capabilities, creating a tension between low-cost trading and enterprise-grade tools.
Our Verdict
Saxo Bank winsby 0.2 pts
Saxo Bank edges DEGIRO on the editorial score (4.5 vs 4.3), supported by its stronger platforms/tools and broader regulatory coverage.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Editorial score gap favors Saxo Bank.
- 2Minimum deposit: Saxo requires $2,000; DEGIRO has none.
- 3Saxo provides advanced research tools and charting; DEGIRO lacks these.
Who should choose DEGIRO vs Saxo Bank?
Find out which stock broker best suits your investing profile.
Choose DEGIRO if…
Choose DEGIRO if you want very low stock commissions and access to 50+ exchanges with a transparent flat-fee structure. You benefit from no minimum deposit.
Choose Saxo Bank if…
Choose Saxo Bank if you want institutional-grade research and a polished platform with 60,000+ instruments across 50+ exchanges. You gain multi-asset investing in one account.
Verdict by Trader Profile
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Best for safety & regulation
Recommended
Saxo Bank wins for safety & regulation with a broad multi-jurisdictional regulator profile.
Best for long-term investors
DEGIRO vs Saxo Bank: Side-by-Side Stock Broker Comparison
 |  | |
|---|---|---|
| Editorial score | 4.3/ 5 | 4.5/ 5 |
| Min deposit | N/A | $2,000 |
| Spreads from | N/A | 0.6 pips |
| Commission / lot | N/A | N/A |
| Inactivity fee | None | $100/quarter (low-balance accounts) |
| Deposit fee | Free |
DEGIRO vs Saxo Bank Stock Broker Pros & Cons
Pros
- Among Europe's lowest stock commissions
- Access to 50+ exchanges worldwide
- Transparent, flat-fee pricing structure
- Regulated by BaFin, AFM, and under MiFID II
- No minimum deposit requirement
Cons
- No Stocks & Shares ISA or SIPP available
DEGIRO vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
DEGIRO
criteria wins
5
Saxo Bank
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | DEGIRO | Saxo Bank |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Fail | Pass |
| Costs | ||
| Commission-free trading | Fail | Fail |
| No deposit fee | Pass | — |
| Features | ||
| Fractional shares | Fail | Fail |
| Dividend reinvestment (DRIP) | Pass | Pass |
| Extended hours trading | Fail | Pass |
| IPO access | Fail | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Pass | Pass |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| 24/5 live chat | Fail | Fail |
| Phone support | Fail | Pass |
DEGIRO vs Saxo Bank: Frequently Asked Questions
The scores are close: DEGIRO rates 4.3/5 and Saxo Bank rates 4.5/5. Saxo Bank has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Saxo Bank starts from 0.6. Current spread data is not available for DEGIRO. Check both brokers' websites for up-to-date spread and commission pricing.
Saxo Bank requires $2000. Minimum deposit information is not currently available for DEGIRO.
Both DEGIRO and Saxo Bank hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, Saxo Bank provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources on each broker's site before deciding.
DEGIRO lists maximum leverage of 1:1, while Saxo Bank lists up to 1:5. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
DEGIRO supports DEGIRO Platform, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. DEGIRO has exclusive access to DEGIRO Platform. Saxo Bank has exclusive access to SaxoTraderGO and Proprietary Web/Mobile.
Neither DEGIRO nor Saxo Bank is listed as offering commission-free trading in our data. Compare each broker's commission schedule directly, as fees vary by account type and the markets you trade.
Saxo Bank scores higher on investor protection criteria, with compensation scheme coverage and segregated client funds. For stock investors, confirming compensation scheme coverage ensures your assets are protected up to a defined limit if the broker becomes insolvent.
