Capital.com vs Saxo Bank - Fees Review included
Which broker is better Capital.com or Saxo Bank? Our expert assessment conducted according to TU’s own methodology showed that Capital.com is one of the top brokers in the financial market with the TU Overall Score of 5.09 out of 10. Saxo Bank is one of the top brokers in the financial market with the TU Overall Score of 7.04 out of 10. Find out more about TU Overall Score.
| Feature | Capital.com | Saxo Bank |
|---|---|---|
Overall |
4.5 |
4.5 |
4.9 |
4.8 |
|
4.7 |
4.6 |
|
4.7 |
5 |
|
Investment Instruments |
2.2 |
4.2 |
Platforms and Charting Tools |
4.6 |
4.6 |
Deposit and Withdrawal |
4.5 |
4.0 |
Research |
4.3 |
5 |
Education |
4.4 |
3.6 |
Support |
4.6 |
4.4 |
Bonuses |
2.4 |
3.6 |
|
|
Capital.com vs Saxo Bank: Pros and Cons
Capital.com (Capital) is a British Forex broker that provides its services to traders and investors worldwide. The company's activities are regulated by two bodies: CySEC — the Cyprus Securities and Exchange Commission, and the FCA — the UK Financial Conduct Authority. The company is audited by Deloitte and cooperates with two large European banks (Raiffeisen, RBS). Capital is ready to cooperate with active traders regardless of their experience, as well as with active investors who use shares of various companies for their work.
The SaxoBank brokerage company was founded in 1992 under the original name Midas. In 2001, the broker was licensed by the FSA, a Danish Financial Supervisory Authority. After that, the company changed its name to SaxoBank. Today the broker provides online access to various financial markets to clients from 170 countries. The broker's divisions also have licenses from FCA (UK), ASIC (Australia), and licenses from other regulators.
| Capital.com | Saxo Bank | |
|---|---|---|
| Overall Pros | UK and EU regulated Forex broker | favorable trading terms for professional traders with at least 1 year of experience |
| Free direct stock trading | over 71 thousand instruments for trading | |
| Multiple ways to deposit and withdraw funds | the opportunity to invest in ready-to-use long-term portfolios managed by professionals | |
| A large number of training materials and tools for market research and study. | ||
| Multilingual support department - the company provides support in 13 languages. | ||
| 6100+ trading instruments. | ||
| 200+ supported cryptocurrencies | ||
| Overall Cons | The broker does not offer clients investment programs such as PAMM accounts or copying trades. | Cent accounts are not available |
| a ban on algorithmic trading for traders from abroad | ||
| you cannot contact support in the online chat on the company's website (The chat is available only after full registration on the broker’s website and passing KYC). |
Capital.com vs Saxo Bank: Safety and Regulation
| Regulated By: | Capital.com | Saxo Bank |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
Yes |
Yes |
Other Regulators |
Republic of Belarus (NBRB) |
DFSA (Denmark) , and other European regulators |
Capital.com vs Saxo Bank: Trading Conditions
| Trading Conditions | Capital.com | Saxo Bank |
|---|---|---|
Minimum Deposit |
$20 |
$0 |
Trading Platforms |
Web, Mobile application, MT4, Tradingview |
SaxoTraderGo, SaxoTraderPro |
Max Leverage (Futures) |
FCA/CYSEC/ASIC - 1-30, NBRB - 1-100 |
1-30 |
Supported Markets |
Stocks, Cryptocurrencies, Currency pairs, Indices, Commodities, futures |
Forex, CFDs, stocks, ETFs, futures, bonds, Forex options, quoted options, Mutual Funds, Options |
Trading assets |
6100+ |
71000+ |
Trading Accounts |
Live-account, demo account |
Classic, Platinum, VIP, Professional |
Base Account Currencies |
USD, EUR, GBP, PLN, RUB |
USD, EUR |
Capital.com vs Saxo Bank: Fees
Forex Trading Fees
| Fee | Capital.com | Saxo Bank |
|---|---|---|
Standard Account EURUSD Average Spread |
0.6 pips |
0.7 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | Capital.com | Saxo Bank |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Capital.com | Saxo Bank |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Capital.com vs Saxo Bank: Trading Assets
| Asset Name | Capital.com | Saxo Bank |
|---|---|---|
Overall |
6100+ |
71000+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes (CFD) |
Yes |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes |
Yes |
Bonds |
No |
Yes |
Mutual funds |
No |
Yes |
Stock options |
No |
Yes |
Futures Trading |
Yes |
Yes |
Binary Options |
No |
No |
Capital.com or Saxo Bank: Investment Programs
| Asset Name | Capital.com | Saxo Bank |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
Yes |
Other |
No |
No |
Trading Platforms: Saxo Bank or Capital.com
| Capital.com | Saxo Bank | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
Yes |
SaxoTraderGo, SaxoTrader Pro |
Others |
Tradingview |
No |
|
|
Capital.com vs Saxo Bank: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Capital.com | Saxo Bank |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
No |
No |
Capital.com vs Saxo Bank: Research
| Research Type | Capital.com | Saxo Bank |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
Yes |
Yes |
Capital.com vs Saxo Bank: Education
| Education Type | Capital.com | Saxo Bank |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
No |
Cent account |
No |
No |
Saxo Bank vs Capital.com: Support
| Support Features | Capital.com | Saxo Bank |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
No |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
feedback form |
No |
Capital.com vs Saxo Bank: Forex Bonuses and Promo
| Promo | Capital.com | Saxo Bank |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
A trader can receive financial rewards not only for trading assets but also for attracting new clients to the company. The broker provides its partners with the tools they need to advertise Capital.com online, such as banners, widgets, and landing pages. These tools are available in several languages. The affiliate's task is to post information about the broker on their and other networks to attract new active traders. For this, the participant of the affiliate program receives a reward of up to $500. Detailed information on the terms of participation in the referral program is available to traders immediately after registering in the affiliate program.v |
“Member gets member” represents a remuneration accrual for attracting new clients who have replenished a trading deposit at least once. When replenishing from $10,000, the partner gets $500; from $200,000 - $1,000; from $1,000,000 - $3,000 |
Other Promos |
The Capital broker does not have a bonus program for which users would receive additional financial rewards for trading. However, the company holds contests among its traders. You can find up-to-date information about contests that are currently taking place in your personal account. |
Accrual of points for account replenishment and qualified transactions. Once you have collected enough points, you will be promoted to a higher account level, allowing you to improve your trading conditions. |
|
|
Top 5 Reviews on Saxo Bank
-
Comment
Saxo Bank is well-known due to its technological solutions for online trading. So I decided to try it. Its SaxoTraderGO platform offers a wide range of features, including charts and analytical instruments, fast order execution, and access to real-time market data. However, SaxoTradePRO was too complicated for me. The broker offers a wide range of financial instruments. And you can use one platform to work on global stock exchanges and to trade CFDs and Forex. The minimum fee for trading stocks is $1.
-
Comment
Saxo Bank is well-known due to its technological solutions for online trading. So I decided to try it. Its SaxoTraderGO platform offers a wide range of features, including charts and analytical instruments, fast order execution, and access to real-time market data. However, SaxoTradePRO was too complicated for me. The broker offers a wide range of financial instruments. And you can use one platform to work on global stock exchanges and to trade CFDs and Forex. The minimum fee for trading stocks is $1.
-
Comment
Saxo Bank provides a personalized approach to client services and offers a wide range of financial services that include asset management and consulting. Moreover, it provides high-quality educational materials and market research that help me make informed investment decisions. I participated in webinars several times and also listened to podcasts with Saxo Bank experts. I use SaxoTraderGO for trading and SaxoInvestor for long-term investment.
-
Comment
Saxo Bank is a broker with favorable conditions, offering over forty thousand trading instruments, ready-made portfolios, and a professional platform. However, for novice traders, the conditions of this broker may be challenging. Saxo Bank requires a high initial deposit, floating spreads, commissions depending on trading volumes, and maximum leverage up to 1:40. I think this broker is more suitable for experienced traders.
-
Comment
Being a licensed bank and broker, Saxo Bank complies with strict security and regulation standards. These include client data protection, transaction transparency, and compliance with financial rules. Money is transferred without delays or additional expenses, except for bank fees. Support in a live chat of the trading platform is prompt, and chat operators respond within 5 minutes. Personal consultations are available. Saxo Bank provides direct access to markets, therefore orders are always executed promptly.
Top 5 Reviews on Capital.com
-
Comment
I have no problems trading with сapital.com. When you have a normal trading strategy, there shouldn’t be questions with trading. Spreads are optimal, for some pairs they are below market average. The performance of the platform leaves much to be desired; there are slippages, but not critical ones. Also, Capital.com doesn’t take too long with withdrawals, although there are delays.
-
Comment
This is just terrible! It's been over three weeks, and Capital.com still can't withdraw my money. At first, it seemed like everything should go smoothly. I've already withdrawn my profits a couple of times before. But this time, I closed the account and withdrew the entire deposit. They immediately told me that I needed to go through verification again. I sent all the necessary documents. And here we are, the third week has passed, and Capital.com still hasn't withdrawn my money.
-
Comment
Capitalcom has constant problems with its trading platform. I note that when you open orders, you can simply be kicked out of your user account. It fails and freezes, it’s obvious that developers weren’t too worried about how this platform would run. The only question is where the company gets its clients from. This is why I advise anyone who has not yet opened an account with Capital.com not to do so, because they will lose their money.
-
Comment
I had a negative experience with Capital.com. I made the minimum deposit of $350 and was able to increase my balance by $180 in just three days, which pleasantly surprised me. However, when I tried to withdraw half of this amount, problems occured. My account was blocked after my withdrawal request. I was disappointed and fooled by Capital.com.
-
Comment
I traded normally with capital.com, but one day everything changed. I get the impression that this is not a good broker, but a strange company that wants to take my money. Trading became unbearable. Everything has changed for the worse. The platform operates for one hour during the trading session. I do not recommend capital.com, they cannot be trusted.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.