Daniels Trading vs Saxo Bank

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

Daniels Trading vs Saxo Comparison Table 2024
Daniels Trading Saxo
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2.8
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4
Daniels Trading is ranked #111 among UK brokers. Saxo is ranked #77 among CFD brokers.
Review
Review
Daniels Trading was established in 1995 by renowned commodities trader, Andy Daniels, and is a division of the StoneX Group. The broker specializes in personalised futures trading, with access to 36 derivatives exchanges and 175 foreign exchange markets, among others. 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.
66% of retail accounts lose money.
Pros
  • A wide range of account types supports both hands-on and hands-off trading strategies and I like that the broker offers comprehensive advice, automation and management services for both
  • Experienced investors should be pleased that leverage rates can be negotiated on an individual basis, ensuring that strategies can be optimised without taking on excessive risk
  • I'm impressed with the variety of exotic futures products at Daniels Trading, including rare soft commodities and interest rate futures
  • The broker is authorised and regulated by the Commodity Futures Trading Commission (CFTC), a respected US regulator
  • The usability and client focus of the proprietary DT Pro trading platform is also a major advantage for me
  • 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
Cons
  • Almost all withdrawals are subject to a fee of at least $25 per request, which is relatively high compared to other brands
  • Daniels Trading is not really designed for beginners, with reasonably high fees and a minimum deposit of $2,000
  • I would prefer to see a greater range of asset types from the firm, not just futures products
  • 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
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, indices, commodities, futures, interest rates Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$2000 £500
Payment Methods
Minimum Trade
0.01 Lots Vary by asset
Regulator
National Futures Association (NFA) DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB
Mobile Apps
Yes SaxoTraderGo (iOS, Android, Windows)
iOS App Rating
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Android App Rating
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Margin Trading
No No
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
Yes No
Trading Central
No No
STP Account
No No
ECN Account
No Yes
DMA Account
No No
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Yes
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Commodities
  • Gold
  • Silver
  • Natural Gas
  • Soybeans
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Corn
CFD
Start trading online leveraged CFDs on the financial markets. Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:30
FTSE Spread
Floating 1.2 pts (Variable)
GBPUSD Spread<
Floating 0.7 (var)
Oil Spread
Floating 0.03
Stocks Spread
Floating 0.10% (subject to min commission)
Forex
My tests found that you can use either of the intuitive proprietary charting platforms at Daniels Trading to analyse and speculate upon 14 currency futures products, alongside several more e-mini futures. Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
Assets
14 40+
GBPUSD Spread
Floating 0.7 (varies by region)
EURUSD Spread
Floating 0.2 (varies by region)
EURGBP Spread
Floating 0.6 (varies by region)
Daniels Trading Saxo
Review
Review
66% of retail accounts lose money.
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