United States
United Kingdom
Germany
Netherlands
Australia
United Arab Emirates
Canada
Italy
Spain
Austria
Croatia
Serbia
Portugal
CyprusSaxo vs Swissquote
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 forex, 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.
On the one fee we could check for both, they charge the same.
Both hold top-tier (tier-1) licences: Saxo from FCA, MAS, SFC, FINMA and Danish FSA, Swissquote from FINMA.
- Neither charges a withdrawal fee.
- We list Saxo in 3 of the 14 countries we cover and Swissquote in 8. They overlap in 1.Edge: Swissquote
- Only Swissquote offers crypto.
- Only Swissquote supports MetaTrader 4 and MetaTrader 5.
- Saxo gets more search attention than Swissquote (Market Signal 67 vs 44). 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.
Forex brokers
| Country | Saxo | Swissquote |
|---|---|---|
| Netherlands | #2 of 2877/100EU passport Saxo Bank A/S · Danish FSA | #17 of 2855/100EU passport Swissquote Capital Markets Limited · CySEC |
| Austria | Not listed | #17 of 2855/100EU passport Swissquote Capital Markets Limited · CySEC |
| Croatia | Not listed | #15 of 2655/100EU passport Swissquote Capital Markets Limited · CySEC |
| Cyprus | Not listed | #16 of 2855/100Locally licensed Swissquote Capital Markets Limited · CySEC |
| Germany | Not listed | #18 of 2955/100EU passport Swissquote Capital Markets Limited · CySEC |
| Italy | Not listed | #19 of 3155/100EU passport Swissquote Capital Markets Limited · CySEC |
| Portugal | Not listed | #17 of 2955/100EU passport Swissquote Capital Markets Limited · CySEC |
| Spain | Not listed | #18 of 2955/100EU passport Swissquote Capital Markets Limited · CySEC |
| United Arab Emirates | #2 of 1175/100Locally licensed Saxo Bank (Dubai) Limited · DFSA | Not listed |
| United Kingdom | #1 of 1778/100Locally licensed Saxo Capital Markets UK Ltd · FCA | Not listed |
CFD brokers
| Country | Saxo | Swissquote |
|---|---|---|
| Netherlands | #2 of 3077/100EU passport Saxo Bank A/S · Danish FSA | #19 of 3055/100EU passport Swissquote Capital Markets Limited · CySEC |
| Austria | Not listed | #19 of 3055/100EU passport Swissquote Capital Markets Limited · CySEC |
| Croatia | Not listed | #17 of 2855/100EU passport Swissquote Capital Markets Limited · CySEC |
| Cyprus | Not listed | #18 of 3055/100Locally licensed Swissquote Capital Markets Limited · CySEC |
| Germany | Not listed | #20 of 3155/100EU passport Swissquote Capital Markets Limited · CySEC |
| Italy | Not listed | #21 of 3355/100EU passport Swissquote Capital Markets Limited · CySEC |
| Portugal | Not listed | #19 of 3155/100EU passport Swissquote Capital Markets Limited · CySEC |
| Spain | Not listed | #20 of 3155/100EU passport Swissquote Capital Markets Limited · CySEC |
| United Arab Emirates | #2 of 1275/100Locally licensed Saxo Bank (Dubai) Limited · DFSA | Not listed |
| United Kingdom | #1 of 1878/100Locally licensed Saxo Capital Markets UK Ltd · FCA | Not listed |
Stock brokers & investing apps
| Country | Saxo | Swissquote |
|---|---|---|
| Netherlands | #1 of 1076/100EU passport Saxo Bank A/S · Danish FSA | Not listed |
| 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 | Swissquote | |
|---|---|---|
| Products | Forex, CFDs, Stocks & ETFs, Options, Futures | Stocks & ETFs, Forex, CFDs, Crypto |
| Owner | Saxo Bank A/S | Swissquote Group Holding Ltd |
| EUR/USD all-in cost | Not verified yet | 1.1 pips, Forex (spread from, no commission stated) |
| US stock commission | Not verified yet | Not verified yet |
| Crypto trading fee | Not verified yet | Not verified yet |
| Currency conversion fee | 0.25% | Not verified yet |
| Inactivity fee | None | $10 per month after 6 months of inactivity (forex/CFD accounts; 10 units of the account currency) |
| Withdrawal fee | None | None |
| Minimum deposit | $0 (Saxo Capital Markets UK Ltd) · €0 (Saxo Bank A/S) | $0 (Swissquote Bank Ltd) |
| Instruments | 71,000+ | Not verified yet |
| Fractional shares | Not verified yet | Not verified yet |
| Platforms | SaxoTrader, SaxoInvestor, TradingView | CFXD, MT4, MT5, TradingView |
| Deposit methods | Domestic bank transfer, Debit card | SEPA credit transfer, Visa / Mastercard |
| Withdrawal time (stated) | next business day (requests before 13:00 GMT, domestic transfer) | wire: 1–3 working days (handled the same day) |
| Demo account | Yes | Yes |
| Support | email, phone · 24/5 |
Every figure comes from the broker's own pages or its regulator. You'll find the sources in each review (Saxo, Swissquote).
Licences
Saxo vs Swissquote: common questions
Which is better, Saxo or Swissquote?
The Netherlands is the one country where we rank both for forex, and Saxo comes out ahead there. For reference, Saxo's best ranking is #1 of 18 CFD brokers in the United Kingdom, and Swissquote's best ranking is #15 of 26 forex brokers in Croatia.
Is Saxo cheaper than Swissquote?
Neither charges a withdrawal fee.
Is Saxo or Swissquote better regulated?
Both hold top-tier (tier-1) licences: Saxo from FCA, MAS, SFC, FINMA and Danish FSA, Swissquote from FINMA. 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 Swissquote where I live?
We list Saxo in 3 of the 14 countries we cover and Swissquote in 8. They overlap in 1. For forex, you'll find both on our lists in Netherlands.