DEGIRO vs Saxo Bank 2026: Which Broker is Better?
When comparing DEGIRO and Saxo Bank, traders will find notable distinctions in their offerings and target audiences. DEGIRO, with its very low commissions and no account minimum, appeals to cost-conscious investors seeking access to a broad range of global stock exchanges, although it lacks forex and crypto trading. In contrast, Saxo Bank caters to experienced traders with its professional-grade SaxoTraderGO platform and extensive range of instruments, including forex and CFDs, but requires a higher minimum deposit and charges higher fees for smaller accounts. Each broker offers unique advantages, but their suitability depends on the trader’s experience level and investment focus.
DEGIRO
Saxo Bank
| DEGIRO | Saxo Bank | |
|---|---|---|
| BrokerRank Score | 3.3/5 | 4.0/5 ✓ |
| Min. Deposit | $0 ✓ | $2000 |
| Spread from | 0 pips ✓ | 0.4 pips |
| Max Leverage | 1:1 | 1:200 ✓ |
| Regulation | FCA | FCA, MAS, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Saxo Bank is the better choice overall, scoring 4.0/5 vs 3.3/5 on BrokerRank's independent rating. On fees, DEGIRO offers lower spreads (0 pips).
See full side-by-side comparison belowDEGIRO vs Saxo Bank: Key Differences
DEGIRO
Saxo Bank
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Fees Comparison
DEGIRO
Saxo Bank
BrokerRank Verdict
Who Should Choose Which?
DEGIRO
3.3/5
Choose DEGIRO if you want…
- Tighter spreads (from 0 pips)
- No minimum deposit
Saxo Bank
4.0/5
Choose Saxo Bank if you want…
- Higher overall rating (4.0/5)
- Higher leverage (up to 1:200)
- More regulatory licences (3)
- More market types (5)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both DEGIRO & Saxo Bank are available in
Frequently Asked Questions
1Is DEGIRO better than Saxo Bank?
Saxo Bank scores higher overall on our independent rating system. DEGIRO holds a 3.3/5 rating vs Saxo Bank's 4.0/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, DEGIRO or Saxo Bank?
DEGIRO offers spreads from 0 pips, while Saxo Bank starts at 0.4 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for DEGIRO vs Saxo Bank?
DEGIRO requires a minimum deposit of $0. Saxo Bank requires $2000.
4Which broker is safer, DEGIRO or Saxo Bank?
DEGIRO is regulated by FCA, while Saxo Bank holds licences from FCA, MAS, ASIC.
5What trading platforms do DEGIRO and Saxo Bank support?
DEGIRO supports Proprietary Web, Proprietary Mobile. Saxo Bank supports Proprietary Web, Proprietary Mobile.
6Can I use both DEGIRO and Saxo Bank?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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