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 the commission and fee structures of Saxo and Trade Nation, both brokers offer excellent pricing for their clients, with each achieving a 5-star rating. Saxo, ranked #9 out of 62 brokers by ForexBrokers.com, provides highly competitive pricing for active and high-volume traders, especially for those maintaining large account balances. The average spread for Saxo's Classic account on the EUR/USD pair is 1.1 pips, while Platinum and VIP accounts enjoy narrower spreads of 1.0 and 0.9 pips, respectively. The entry-level Classic account requires no minimum deposit, whereas the Platinum and VIP accounts have higher thresholds and offer rewards through Saxo’s loyalty program. Additionally, Saxo is largely commission-free, although a ticket fee applies to accounts trading less than 50,000 units monthly.
Trade Nation, ranked slightly higher at #7, offers competitive fixed-spread pricing with a flat 0.6 pip spread on the EUR/USD pair. This rate can widen up to 1.4 pips during the daily rollover period, resulting in a true average spread close to 1 pip. Trade Nation provides three main account types with options for MetaTrader users, including a commission-based Raw Spread account and a commission-free account, along with a proprietary TN Trader account. The TN Trader account generally offers the lowest all-in costs because of its spread structure. Trade Nation's commitment to fixed rates provides predictability, which is beneficial for traders needing consistency in their trading costs.
| 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 in terms of their range of investments, Saxo emerges as a more versatile choice, offering a wider variety of options. With a staggering 70,000 tradable symbols, Saxo caters to a broad spectrum of investment needs. This includes access to 190 forex pairs and the opportunity to trade exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in prominent companies like Apple and Vodafone. In contrast, Trade Nation offers 1,000 tradable symbols and 46 forex pairs but restricts clients to trading via CFDs only, without the ability to purchase shares on U.S. or international exchanges directly.
Both Saxo and Trade Nation provide the ability to trade forex via CFDs, along with cryptocurrency derivatives, but neither supports the purchase of actual cryptocurrency. Additionally, they both offer copy trading services. However, in rankings by ForexBrokers.com, Saxo shines with a 5-star rating and holds the 3rd spot for its range of investments among 62 brokers, whereas Trade Nation receives 3.5 stars and ranks 38th. This distinct difference in offerings and rankings makes Saxo a compelling choice for investors seeking a more extensive array of investment opportunities.
| 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.
For traders seeking a comprehensive trading experience, Saxo and Trade Nation both offer platforms tailored to cater to diverse needs, including proprietary systems engineered in-house. Both brokers provide valuable simulated trading through free virtual demo accounts, encouraging newcomers to hone their skills. In terms of accessibility, both Saxo and Trade Nation roll out platforms compatible with Windows desktops and web browsers, making it easy for users to trade from various devices. While both brokers support copy trading, they differ in their offering of the popular MetaTrader 4 platform, with only Trade Nation providing this widely used option.
Saxo shines in its array of trading tools, boasting an impressive five-star rating and a top rank in ForexBrokers.com's evaluation of 62 brokers. It offers advanced functionalities like trading directly from charts and provides users with up to 60 columns for watch lists, coupled with 20 drawing tools for charting. In contrast, Trade Nation, though notably user-friendly with a solid four-star rating, falls short in a few areas—offering only 14 watch list columns and limiting direct chart trading. Nonetheless, it surpasses Saxo in chart drawing tools with 39 options, presenting a robust option for technical traders. Overall, while both brokers offer substantial tools and platforms, Saxo takes the lead in terms of depth and variety.
| 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 mobile trading apps, both Saxo and Trade Nation offer solid features for iPhone and Android users. Each platform provides stock and forex price alerts and allows for seamless syncing of watchlist symbols with a user's online account, ensuring that any updates are aligned across devices. Traders can enjoy real-time watchlists on both apps, making it easy to track potential investments. For those interested in technical analysis, Saxo offers 64 charting studies, while Trade Nation provides a more extensive range with 99 studies. Both platforms allow users to draw trendlines, view different time frames, and auto-save drawings for convenience and continuous analysis.
In terms of ratings, Saxo is highly esteemed with a full five-star rating for its mobile trading app and ranks impressively as #2 among 62 brokers according to ForexBrokers.com. On the other hand, Trade Nation holds a respectable four-star rating but has a lower rank of #45. For users prioritizing a highly rated and recognized mobile experience, Saxo could be the preferred choice, yet Trade Nation still stands as a capable contender with its comprehensive charting capabilities and essential trading tools.
| 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.
Saxo and Trade Nation both excel in providing daily market commentary and forex news from leading sources like Bloomberg and Reuters, ensuring traders have access to timely market insights. However, where Saxo takes the lead is in offering advanced research tools such as Autochartist, giving its users access to powerful technical and fundamental analysis capabilities that are not available with Trade Nation. Both brokers provide sentiment-based trading tools, presenting the proportion of long or short positions across currency pairs, but Saxo further enhances its research offerings with a comprehensive economic calendar, a feature not offered by Trade Nation.
While both Saxo and Trade Nation bring valuable insights to traders, Saxo's extensive range of tools and features significantly bolsters its research capabilities, earning it a superior research rating of five stars compared to Trade Nation's 3.5 stars. This emphasis on research excellence is reflected in Saxo's position as the top-ranked broker for research by ForexBrokers.com, contrasting with Trade Nation's 42nd place. Thus, traders seeking in-depth market analysis might find Saxo’s offerings more appealing.
| 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 Saxo and Trade Nation, both online brokers provide a wealth of materials to help newcomers learn about forex and CFDs. Each offers a minimum of 10 educational pieces, encompassing articles, videos, and other informative content centered around these trading areas. Saxo stands out by providing online educational webinars each month, which Trade Nation does not offer. Additionally, Saxo maintains a searchable archive of past webinars, granting users easy access to a trove of previously recorded sessions, while Trade Nation lacks this feature.
Both brokers cater to beginners and advanced traders with at least 10 videos targeted towards each group, and they each provide an investor dictionary with definitions of at least 50 investment terms, aiding users in understanding complex jargon. The educational service of Saxo earns a high rating of 5 stars versus Trade Nation's 3.5 stars. Furthermore, Saxo is ranked 13th among 62 brokers for education by ForexBrokers.com, significantly ahead of Trade Nation's 41st place. This gap highlights the broader scope and quality of educational support Saxo offers to help traders at every stage of their journey.
| 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 62 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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