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Saxo Group vs TradeStation
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Saxo Group currently holds a stronger overall rating (2) than TradeStation (0).
Saxo Group has a higher minimum deposit than TradeStation, at 5000.0.
Both platforms offer their clients demo accounts, mobile trading.
Traders should note that
Saxo Group offers a minimum lot size of 0.01 and a maximum lot size of 100.0, while TradeStation offers 111.0 and 111.0.
Each broker offers an equal maximum leverage of 1:50.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 5000.0 | 2000.0 |
| Commission | 4.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 111.0 |
| Maximum lot size | 100.0 | 111.0 |
| Spread | Variable | Fixed |
| Broker type | STP, ECN, Market Maker, NDD | Dealing Desk |
| Maximal leverage (1:?) | 50 | 50 |
| Availability | STP, ECN, Market Maker, NDD | Dealing Desk |
| Regulation | FCA (UK), FINMA (Switzerland), CySEC (Cyprus), ASIC (Australia), DFSA (UAE) | NFA (US) |
| Trading Platforms | MetaTrader 4 (MT4), Web Platform, Mobile Platform, SaxoTrader | Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, UnionPay, Skrill | Wire Transfer, Check |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, CAD, DKK, SEK, BGN, PLN, SGD, HKD, ILS, ZAR, MXN, AUD, NOK, HUF | USD, GBP, EUR, JPY, CAD, DKK, SEK, NOK |
| Languages | English, French, Japanese, Italian, Russian, Mandarin, Chinese, Polish, Malay, Arabic, Hungarian, Dutch, Bulgarian, Swedish, Czech, Slovak, Ukranian | English, Spanish |
| Country | Denmark | United States |
| Trading platform(s) timezone | Australia, Belgium, Denmark, Czech Republic, France, Hong Kong, India, Italy, Japan, Netherlands, Poland, Saudi Arabia, Singapore, Switzerland, United Kingdom | Costa Rica, United Kingdom |
| Other trading instruments | Stocks, Options, Futures, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals, Bonds | CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
