Saxo Bank
Charles Schwab
VS
Higher Rated
Saxo Bank
Capital at risk · T&Cs apply
Choosing between Saxo Bank and Charles Schwab depends on your trading style, preferred markets, and budget. Saxo Bank is headquartered in Copenhagen, Denmark, while Charles Schwab operates from Westlake, USA. Charles Schwab has the longer track record, established in 1971, compared to Saxo Bank which was founded in 1992. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Saxo Bank
Charles Schwab
| Saxo Bank | Charles Schwab | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.6/5 |
| Min. Deposit | $2000 | $0 ✓ |
| Spread from | 0.4 pips | 0 pips ✓ |
| Max Leverage | 1:200 ✓ | 1:2 |
| Regulation | FCA, MAS, ASIC ✓ | SEC, CFTC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Saxo Bank is the better choice overall, scoring 4.0/5 vs 3.6/5 on BrokerRank's independent rating. On fees, Charles Schwab offers lower spreads (0 pips).
See full side-by-side comparison belowSaxo Bank
Charles Schwab
WinnerSaxo Bank
Charles Schwab
Lower feesSaxo Bank holds licences from FCA, MAS, ASIC. Charles Schwab is regulated by SEC, CFTC.
Both brokers offer access to Stocks, Forex, Indices, Commodities markets. Saxo Bank additionally covers Cfd.
On spreads, Charles Schwab is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.4 pips at Saxo Bank.
Saxo Bank supports Proprietary Web, Proprietary Mobile. Charles Schwab offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Saxo Bank requires a minimum deposit of $2,000, while Charles Schwab sets no minimum deposit. This makes Charles Schwab accessible to traders with any budget.
BrokerRank scores Saxo Bank at 4.00/5 and Charles Schwab at 3.56/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Saxo Bank leads overall with a clear advantage.
Saxo Bank
4.0/5
Choose Saxo Bank if you want…
Charles Schwab
3.6/5
Choose Charles Schwab if you want…
Saxo Bank scores higher overall on our independent rating system. Saxo Bank holds a 4.0/5 rating vs Charles Schwab's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Saxo Bank offers spreads from 0.4 pips, while Charles Schwab starts at 0 pips. Check the fees section above for a full breakdown.
Saxo Bank requires a minimum deposit of $2000. Charles Schwab requires $0.
Saxo Bank is regulated by FCA, MAS, ASIC, while Charles Schwab holds licences from SEC, CFTC.
Saxo Bank supports Proprietary Web, Proprietary Mobile. Charles Schwab supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.