Saxo vs Charles Schwab
Saxo or Charles Schwab – which is better for UK traders 2024? Compare Saxo and Charles Schwab in this detailed breakdown of their platforms, features and fees.
Saxo | Charles Schwab |
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Saxo is ranked #81 among CFD brokers. | Charles Schwab is ranked #113 among UK brokers. |
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. | Charles Schwab is a large US investment broker offering a massive range of stocks, ETFs and equity derivatives in a variety of savings and investment accounts. The trustworthy brand has been offering financial services for 45+ years with over 35 million brokerage accounts and $870+ billion in assets under management. Charles Schwab is also regulated by top-tier watchdogs including the SEC and FCA. |
66% of retail accounts lose money. | |
Pros | |
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Cons | |
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FCA Regulated | |
Yes | No |
Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs | Stocks, ETFs, Cryptos, Futures, Options, Commodities, Bonds |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
£500 | $0 |
Payment Methods | |
Minimum Trade | |
Vary by asset | $1 |
Regulator | |
DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB | SEC, FINRA, FCA1 |
Mobile Apps | |
SaxoTraderGo (iOS, Android, Windows) | iOS & Android |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
No | No |
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 | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | Yes |
Robo Advisor | |
No | Yes |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Auto Trading | |
Yes | |
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 |
Islamic Account | |
Yes | No |
Account Currencies | |
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Commodities | |
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CFD | |
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. | |
Leverage | |
1:30 | |
FTSE Spread | |
1.2 pts (Variable) | |
GBPUSD Spread< | |
0.7 (var) | |
Oil Spread | |
0.03 | |
Stocks Spread | |
0.10% (subject to min commission) | |
Forex | |
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. | |
Assets | |
40+ | |
GBPUSD Spread | |
0.7 (varies by region) | |
EURUSD Spread | |
0.2 (varies by region) | |
EURGBP Spread | |
0.6 (varies by region) | |
Cryptocurrency | |
Trade cryptos against major fiat currencies or take a longer-term view with ETNs. | Charles Schwab supports indirect crypto trading through digital coin trusts and crypto-related stocks. You can get exposure to popular digital currencies such as Bitcoin, Ripple and Ethereum. |
Spread | |
Variable | Floating |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Saxo | Charles Schwab |
66% of retail accounts lose money. | |
More Comparisons | |
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