Written by ForexBrokers.com
In this head to head comparison of Saxo vs Fineco, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 1992, Saxo and Fineco, established in 1999, both serve as trusted online brokers in the financial market. While Saxo is not publicly traded, it holds the advantage of a perfect 99 Trust Score from ForexBrokers.com, demonstrating its reputation and reliability. Fineco, on the other hand, is publicly traded and holds a slightly lower, yet still impressive, Trust Score of 94. Both companies operate as banks, offering a sense of security and stability to their clients.
When it comes to regulatory credentials, Saxo surpasses Fineco with a stronghold of seven Tier-1 licenses, known for their high trustworthiness. Fineco maintains two Tier-1 licenses, ensuring it remains a secure choice but with fewer top-tier certifications. Additionally, Saxo holds one Tier-2 license, further enhancing its regulatory strength and assurance for traders and investors seeking dependable financial services.
| Feature |
Saxo
|
Fineco
|
|---|---|---|
| Year Founded | 1992 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | Yes | Yes |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
Saxo is highly regarded for offering competitive pricing and is tailor-made for active and high-volume traders. With an average spread of 1.1 pips on EUR/USD for its Classic account, which decreases to 1.0 and 0.9 pips for the Platinum and VIP accounts, respectively, Saxo remains appealing for those maintaining substantial account balances. By reducing the Classic account minimum deposit to $0 and waiving custody fees for securities lending, Saxo showcases its dedication to affordability. For traders who frequently engage with Forex, Saxo provides a commission-free structure, except for those trading less than 50,000 units per month, who incur a $3 ticket fee. Saxo earns a 5-star rating for its commissions and fees, taking the #9 spot out of 63 brokers, distinguishing itself with a renowned VIP experience.
Fineco's approach to commissions and fees lacks transparency compared to Saxo, as it doesn't disclose average spread data for forex and CFD trading. While Fineco lists a spread of 1 pip on EUR/USD, this figure tends to be higher than those offered by many competitors and is not accompanied by an average value or specific timeline. Although there is a mention of a 0.8 pip quote, the same ambiguity persists without clear comparative data. Fineco seems to present reduced spreads on index CFDs, yet the lack of detailed information may challenge those looking to truly understand and minimize trading costs. Given the uncertainty in its pricing, Fineco receives a 3.5-star rating for its commissions and fees and ranks #51 among 63 brokers.
In summary, Saxo leads with more transparent and competitive pricing, with its structured tiers catering to different trader profiles while Fineco’s incomplete spread data presents challenges for accurately assessing its cost-effectiveness. Saxo, with its exceptional VIP Client Experience and loyalty program, offers a clear framework for traders looking to leverage upgrades and savings. Meanwhile, Fineco might benefit from increased clarity and transparency to enhance its appeal to potential clients. Saxo maintains a solid reputation with its high rating and commendable ranking, providing an attractive option for serious traders.
| Feature |
Saxo
|
Fineco
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by Saxo and Fineco, both online brokers provide opportunities for forex trading, including CFDs or spot contracts. Saxo, boasting an impressive 70,000 tradeable symbols, distinctly outshines Fineco, which offers 9,770 symbols. For those keen on forex, Saxo presents a broader choice with 190 tradeable forex pairs compared to Fineco's 54. Both brokers allow clients to purchase exchange-traded securities from U.S. and international exchanges, enabling investments in well-known companies like Apple and Vodafone. However, Saxo offers additional features such as copy trading, which is absent in Fineco's offerings.
When it comes to cryptocurrency, neither broker offers the capability to purchase actual, delivered cryptocurrencies. However, Saxo does provide the option to invest in cryptocurrency derivatives, unlike Fineco. This broader range of investment options contributes to Saxo's impressive 5-star rating for Range of Investments, solidifying its position as the third-ranked broker in this category by ForexBrokers.com. Fineco, while rated favorably with 4.5 stars, is positioned at 16th place, reflecting its slightly narrower investment offerings compared to Saxo.
| Feature |
Saxo
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 9770 |
| Forex Pairs (Total) | 190 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | No |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing Saxo and Fineco in terms of their trading platforms and tools, Saxo stands out with features that cater to both new and experienced traders. Saxo offers a free virtual demo account, allowing users to engage in simulated trading to hone their skills without any financial risk. Both Saxo and Fineco have developed their proprietary platforms, accessible via Windows-based desktop downloads and web browsers. However, only Saxo provides copy trading, broadening trading strategies for users looking to mirror successful trades. Despite neither broker supporting MetaTrader 4, MetaTrader 5, DupliTrade, or ZuluTrade, Saxo’s platform is more versatile with broader charting capabilities, featuring 20 drawing tools compared to Fineco’s 7, and allowing trades directly from stock charts.
Further extending its utility, Saxo offers watch lists with up to 60 columns, providing a customizable and comprehensive view for better market monitoring. Due to these features, Saxo is rated 5 stars for Trading Platforms and Tools, earning the top spot from ForexBrokers.com out of 63 brokers, while Fineco holds a solid 4-star rating, ranked 18th. These distinctions highlight Saxo's emphasis on providing a feature-rich environment conducive to trading success, making it a compelling choice for traders who prioritize platform excellence and diverse functionalities.
| Feature |
Saxo
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 37 |
| Charting - Drawing Tools (Total) | 20 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 60 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps, Saxo and Fineco both offer compatibility on iPhone and Android devices, making them accessible for a range of users. Both platforms provide alerts for stock or forex prices, ensuring traders are always informed of important market movements. However, Saxo stands out with its syncing capability that aligns watchlists on both mobile and online accounts, a feature Fineco lacks.
For technical enthusiasts, Saxo offers an impressive 64 technical studies for charting, while Fineco provides just 6. Saxo users can draw trendlines and switch between multiple time frames on charts with ease, with the added benefit of saving their work automatically. In contrast, Fineco doesn’t support trendline drawings or save chart edits. Real-time quote watchlists are another exclusive feature of Saxo. These substantial differences may contribute to Saxo’s perfect 5-star rating and second-place rank out of 63 brokers for mobile trading apps, whereas Fineco holds a 4-star rating and 42nd position.
| Feature |
Saxo
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing Saxo and Fineco for market research offerings, several key differences stand out. Saxo provides daily market commentary and offers forex news from top-tier sources like Bloomberg and Reuters, much like Fineco. However, Saxo goes a step further by providing technical analysis tools from Autochartist and a sentiment-based trading tool that reveals the ratio of long and short positions across currency pairs, features not available with Fineco. Both brokers offer an economic calendar to keep users updated on global news events. However, in terms of research tool variety and usefulness, Saxo holds an edge.
The effectiveness of these offerings is reflected in their ratings and rankings. Saxo is rated a perfect five stars for research and holds the top position out of 63 brokers in the Research category according to ForexBrokers.com. Fineco, while still strong, receives a four-star rating and ranks 33rd. This makes Saxo a highly regarded choice for those valuing comprehensive and top-tier research tools in their trading activities.
| Feature |
Saxo
|
Fineco
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Saxo offers a compelling suite that sets it apart from Fineco. Saxo provides over 10 pieces of educational content focused on forex and CFDs, making it a strong choice for those new to trading. Both companies host monthly educational webinars, but where Saxo truly distinguishes itself is with its searchable archive of past webinars, allowing learners to revisit and absorb content at their own pace—a feature Fineco lacks. Saxo also excels with its variety of video content, offering extensive educational videos for both beginners and advanced traders, while Fineco only caters to beginners in this regard.
Additionally, both Saxo and Fineco supply investor dictionaries with over 50 key investment terms, supporting newcomers in their financial journey. However, Saxo's overall educational offerings receive a higher praise, reflected in its 5-star rating and a top 20 ranking in the education category by ForexBrokers.com, while Fineco trails with a 4-star rating and a ranking of 49th. For beginners keen on a comprehensive and extensive educational experience, Saxo emerges as a clear front-runner.
| Feature |
Saxo
|
Fineco
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Saxo is better than Fineco. Saxo finished with an overall rank of #3, while Fineco finished with an overall rank of #25.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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While both Saxo and Fineco do not offer the option to purchase actual delivered cryptocurrency, Saxo provides the ability to invest in cryptocurrency derivatives, unlike Fineco, which does not offer this service.
While Saxo does not support ACH or SEPA transfers, it allows deposits and withdrawals via Visa, Mastercard, and bank wires, compared to Fineco, which supports ACH or SEPA transfers and bank wires but not Visa or Mastercard; neither broker supports PayPal or Skrill.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Saxo | Fineco | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Saxo Review | Fineco Review |
| Broker Screenshots | Saxo | Fineco | |
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| Regulation | Saxo | Fineco | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 1992 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | Yes | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Saxo | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 9770 | |
| Forex Pairs (Total) | 190 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | No | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Saxo | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | Saxo | Fineco | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Saxo | Fineco | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 60 | N/A | |
| Charting - Indicators / Studies (Total) | 64 | 37 | |
| Charting - Drawing Tools (Total) | 20 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Fineco | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Saxo | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Fineco | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | Fineco | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Saxo Review | Fineco Review |
| Overall | Saxo | Fineco | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | Saxo Review | Fineco Review |
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