United States
United Kingdom
Germany
Netherlands
Australia
United Arab Emirates
Canada
Italy
Spain
Austria
Croatia
Serbia
Portugal
CyprusSaxo vs DEGIRO
What each one charges, who licenses it, and how they rank against each other country by country.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The short version
The Netherlands is the one country where we rank both for stocks, and Saxo comes out ahead there.
We score each country separately, based on the company that would actually hold your account there, so check your own country in the table below.
They charge the same on all 3 fees we could compare.
Both hold top-tier (tier-1) licences: Saxo from FCA, MAS, SFC, FINMA and Danish FSA, DEGIRO from BaFin.
- Both charge the same for currency conversion: 0.25%.
- Neither charges an inactivity fee.
- Neither charges a withdrawal fee.
- We list Saxo in 3 of the 14 countries we cover and DEGIRO in 8. They overlap in 1.Edge: DEGIRO
- Only Saxo offers forex and CFDs.
- Only Saxo supports TradingView.
- Saxo gets more search attention than DEGIRO (Market Signal 67 vs 30). That tells you how well known it is, not how good it is.
Where you can use each one
Where each one ranks on our list in every country we cover, its Coinish Score there, and the company that would hold your account. If a broker isn't allowed to take clients from a country, it isn't on that country's list.
Stock brokers & investing apps
| Country | Saxo | DEGIRO |
|---|---|---|
| Netherlands | #1 of 1076/100EU passport Saxo Bank A/S · Danish FSA | #9 of 1049/100EU passport flatexDEGIRO Bank SE · BaFin |
| Austria | Not listed | #7 of 849/100EU passport flatexDEGIRO Bank SE · BaFin |
| Croatia | Not listed | #7 of 849/100EU passport flatexDEGIRO Bank SE · BaFin |
| Cyprus | Not listed | #8 of 949/100EU passport flatexDEGIRO Bank SE · BaFin |
| Germany | Not listed | #11 of 1249/100Locally licensed flatexDEGIRO Bank SE · BaFin |
| Italy | Not listed | #10 of 1149/100EU passport flatexDEGIRO Bank SE · BaFin |
| Portugal | Not listed | #8 of 949/100EU passport flatexDEGIRO Bank SE · BaFin |
| Spain | Not listed | #8 of 949/100EU passport flatexDEGIRO Bank SE · BaFin |
| United Arab Emirates | #1 of 674/100Locally licensed Saxo Bank (Dubai) Limited · DFSA | Not listed |
| United Kingdom | #1 of 776/100Locally licensed Saxo Capital Markets UK Ltd · FCA | Not listed |
Fees and features side by side
| Saxo | DEGIRO | |
|---|---|---|
| Products | Forex, CFDs, Stocks & ETFs, Options, Futures | Stocks & ETFs, Options, Futures |
| Owner | Saxo Bank A/S | flatexDEGIRO |
| EUR/USD all-in cost | Not verified yet | Not verified yet |
| US stock commission | Not verified yet | Not verified yet |
| Currency conversion fee | 0.25% | 0.25% |
| Inactivity fee | None | None |
| Withdrawal fee | None | None |
| Minimum deposit | $0 (Saxo Capital Markets UK Ltd) · €0 (Saxo Bank A/S) | €0.01 (flatexDEGIRO Bank SE) |
| Instruments | 71,000+ | Not verified yet |
| Fractional shares | Not verified yet | Not verified yet |
| Platforms | SaxoTrader, SaxoInvestor, TradingView | DEGIRO Webtrader, DEGIRO app |
| Deposit methods | Domestic bank transfer, Debit card | Not verified yet |
| Withdrawal time (stated) | next business day (requests before 13:00 GMT, domestic transfer) | Not verified yet |
| Demo account | Yes | Not verified yet |
| Support | email, phone · 24/5 | email, phone |
| Stock commission (US stocks) | – | €2, €1 commission + €1 handling fee per order |
Every figure comes from the broker's own pages or its regulator. You'll find the sources in each review (Saxo, DEGIRO).
Licences
Saxo vs DEGIRO: common questions
Which is better, Saxo or DEGIRO?
The Netherlands is the one country where we rank both for stocks, and Saxo comes out ahead there. For reference, Saxo's best ranking is #1 of 18 CFD brokers in the United Kingdom, and DEGIRO's best ranking is #7 of 8 stock brokers & investing apps in Austria.
Is Saxo cheaper than DEGIRO?
Both charge the same for currency conversion: 0.25%. Neither charges an inactivity fee. Neither charges a withdrawal fee.
Is Saxo or DEGIRO better regulated?
Both hold top-tier (tier-1) licences: Saxo from FCA, MAS, SFC, FINMA and Danish FSA, DEGIRO from BaFin. Which company you actually sign up with depends on where you live; the country table on this page names it for each one.
Can I use both Saxo and DEGIRO where I live?
We list Saxo in 3 of the 14 countries we cover and DEGIRO in 8. They overlap in 1. For stocks, you'll find both on our lists in Netherlands.