Written by ForexBrokers.com
In this head to head comparison of Saxo vs Trade Nation, 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.
When comparing Saxo to Trade Nation, there are some noteworthy differences in their level of regulatory trust and history. Founded in 1992, Saxo is a well-established online broker that doubles as a bank, although it is not publicly traded. Trade Nation was established more recently in 2014 and is not a bank or publicly listed either. Saxo stands out for its exceptional Trust Score rating of 99 out of 99 as per ForexBrokers.com, reflecting its reputation as a highly trusted broker.
In terms of regulatory licenses, Saxo secures a strong position with 7 Tier-1 and 1 Tier-2 licenses, indicating a high level of trust. On the other hand, Trade Nation holds 2 Tier-1 and 1 Tier-2 licenses, earning it a respectable Trust Score of 85. While Trade Nation is considered trusted, Saxo's more substantial regulatory profile and history make it a preferred choice for those prioritizing security and trust in their online trading activities.
| Feature |
Saxo
|
Trade Nation
|
|---|---|---|
| Year Founded | 1992 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing online brokers Saxo and Trade Nation in terms of commissions and fees, both shine with a 5-star rating but have distinct pricing models. For traders who maintain large volumes and balances, Saxo offers some of the most competitive pricing in the industry. Their Platinum and VIP accounts provide closer to industry average spreads, with Classic accounts having slightly higher average spreads on the EUR/USD, ranging from 0.9 to 1.1 pips. While Saxo follows a commission-free structure, a $3 ticket fee applies to traders with foreign exchange transactions under 50,000 units monthly.
Trade Nation, ranked #7 out of 63 brokers for commissions and fees, employs a unique fixed-spread pricing model which appeals to traders seeking predictability. Their fixed spread for EUR/USD is 0.6 pips, temporarily widening to 1.4 pips during daily rollover periods. This pricing approach translates to a true average near 1 pip. Trade Nation's account types vary, with their MetaTrader-based Raw Spread account incurring a $3.50 commission per side per standard lot, whereas their proprietary TN Trader account offers competitive all-in costs with fixed spreads.
Despite some variations in their fee structures, both Saxo and Trade Nation excel in providing competitive pricing for their clientele. Saxo ranks #9 out of 63 brokers according to ForexBrokers.com in the Commissions and Fees category, while Trade Nation's consistent 5-star rating places it at rank #7, reflecting its advantageous standing within the brokerage landscape.
| Feature |
Saxo
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.1 | 0.6 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Saxo and Trade Nation for their range of investments, Saxo stands out significantly with its vast selection. Saxo offers a staggering 70,000 tradeable symbols, including 190 forex pairs. This extensive portfolio is complemented by the ability to purchase exchange-traded securities on both U.S. and international exchanges, enabling clients to invest directly in companies like Apple and Vodafone. While both Saxo and Trade Nation offer forex trading as CFDs or spot contracts and provide options for copy trading and cryptocurrency derivatives, Saxo does not currently support the direct purchase of cryptocurrencies.
Trade Nation, on the other hand, presents a more limited offering with 1,000 tradeable symbols and 46 forex pairs. The broker does not provide access to exchange-traded securities on U.S. or international exchanges, which may restrict clients looking to invest in global equities directly. Despite these limitations, Trade Nation still supports cryptocurrency derivatives and copy trading similar to Saxo. In terms of rankings for range of investments, Saxo is highly rated with five stars, securing the third spot out of 63 brokers according to ForexBrokers.com, while Trade Nation holds a rating of 3.5 stars and ranks 38th. With its comprehensive investment options, Saxo emerges as the more versatile platform between the two brokers.
| Feature |
Saxo
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 1000 |
| Forex Pairs (Total) | 190 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| 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 Trade Nation with respect to their trading platforms and tools, both brokers offer simulated trading with free virtual demo accounts and have developed their own proprietary platforms. They each provide a Windows-based desktop download platform and a web-based trading option. The platforms at both brokers offer the capability for copy trading, but while Trade Nation also supports MetaTrader 4 (MT4), Saxo does not offer either MT4 or MT5. Neither broker facilitates services like DupliTrade or ZuluTrade.
For charting, Saxo provides 20 drawing tools and the ability to trade directly from stock charts, whereas Trade Nation features a more extensive set of 39 drawing tools but lacks the direct trading capability. When it comes to watch lists, Saxo offers more customization with 60 columns, compared to Trade Nation’s 14. Trading platform ratings reflect these differences; Saxo holds a perfect five-star rating and ranks first among 63 brokers on ForexBrokers.com, while Trade Nation has a respectable four-star rating and is ranked 44th.
| Feature |
Saxo
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 115 |
| Charting - Drawing Tools (Total) | 20 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 60 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to choosing between Saxo and Trade Nation for mobile trading, both platforms offer comprehensive features like iPhone and Android apps, stock or forex price alerts, and watchlist syncing between their mobile apps and online accounts. They both enable users to draw trendlines on charts and switch between different time frames, while also providing the ability to auto-save chart drawings and create watchlists with real-time quotes. However, a notable difference emerges in the number of technical studies available for charting, with Saxo offering 64 and Trade Nation offering a higher count at 99.
Despite the similarities in features, Saxo shines with a higher overall user rating of 5 stars for its mobile trading apps, compared to Trade Nation's 4 stars. According to ForexBrokers.com, Saxo ranks impressively at #2 out of 63 brokers in the Mobile Trading Apps category, while Trade Nation sits at #45. This suggests that while both platforms provide solid mobile trading experiences, Saxo's app might offer a more refined user experience, contributing to its higher ranking and user satisfaction.
| Feature |
Saxo
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 99 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Saxo and Trade Nation for their market research offerings, both brokers provide daily market commentary and forex news from leading sources like Bloomberg and Reuters. However, Saxo stands out by integrating tools from Autochartist, which Trade Nation lacks. Both platforms omit tools from Trading Central and TipRanks, but they offer sentiment-based trading tools that assess market positions. Saxo includes an economic calendar for tracking global news, a feature missing from Trade Nation. Meanwhile, Trade Nation incorporates research tools from Acuity Trading, whereas Saxo does not.
The enhanced research tools and comprehensive offerings have earned Saxo a perfect five-star research rating and the top rank out of 63 brokers by ForexBrokers.com. In comparison, Trade Nation holds a 3.5-star rating, landing it in the 42nd spot. This highlights Saxo's superior research capabilities, making it a more appealing choice for traders seeking extensive market analysis resources.
| Feature |
Saxo
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners offered by online brokers Saxo and Trade Nation, there are notable differences to consider. Both brokers provide a generous selection of educational material, including at least 10 articles, videos, or webinars focused on forex or CFDs. They each offer a variety of beginner and advanced educational videos designed to cater to traders at all levels. Moreover, both Saxo and Trade Nation supply an investor dictionary with explanations for more than 50 investing terms, making them a sound choice for those looking to understand the basics.
However, Saxo stands out in several ways. They host monthly online educational webinars, which Trade Nation does not offer, and they also provide a searchable archive of previously recorded webinars for client reference. This added layer of accessibility enhances the learning experience for those who prefer structured and ongoing education. As a result, Saxo has been rated 5 stars for education, significantly higher than Trade Nation’s 3.5 stars. According to ForexBrokers.com rankings, Saxo is placed at a respectable #13 out of 63 brokers in the education category, while Trade Nation holds the #41 spot. These differences make Saxo a more attractive option for beginners seeking a comprehensive and supportive learning environment.
| Feature |
Saxo
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 Trade Nation. Saxo finished with an overall rank of #3, while Trade Nation finished with an overall rank of #34.
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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Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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While neither Saxo nor Trade Nation provides the option to purchase actual cryptocurrency for delivery, both platforms offer the ability to trade cryptocurrency derivatives.
Both Saxo and Trade Nation support Visa, Mastercard, and bank wire transfers for deposits and withdrawals, but only Trade Nation offers Skrill as a payment option, while neither broker supports ACH, SEPA transfers, or PayPal.
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 | Trade Nation | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Saxo Review | Trade Nation Review |
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| Regulation | Saxo | Trade Nation | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1992 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Trade Nation | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | Saxo | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 1000 | |
| Forex Pairs (Total) | 190 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| 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 | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 14 | |
| Charting - Indicators / Studies (Total) | 64 | 115 | |
| Charting - Drawing Tools (Total) | 20 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | Saxo | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | Saxo | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | Saxo | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | Trade Nation | |
|---|---|---|---|
| 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 | Trade Nation Review |
| Overall | Saxo | Trade Nation | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Saxo Review | Trade Nation Review |
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