Saxo vs Charles Schwab: Comparison

Andriy BondarenkoAndriy Bondarenko
  • Year Founded: 1992
  • Broker Type: DMA
  • Platforms: SaxoTraderGO, SaxoTraderPRO, TradingView
  • Spread: Average
  • Maximum Leverage: 1:30
  • Minimum Deposit: $1
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  • Year Founded: 1973
  • Broker Type: DMA
  • Platforms: Thinkorswim, StreetSmart Edge, Schwab Web, Mobile
  • Spread: Average
  • Maximum Leverage: 1:50
  • Minimum Deposit: $1
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Our pick:

Saxo

Based on multiple factors—spreads and fees, available assets and instruments, platforms and execution speed, quality of support and educational resources. This is not financial advice.

Comparison of Saxo and Charles Schwab

FeatureSaxoCharles Schwab
Broker
Year Founded19921973
Broker TypeDMADMA
DealingA-bookA-book
ExecutionMarketMarket
RegulationDanish FSA, FCA, MAS, FINMASEC, FINRA, CFTC, NFA, FDIC
PlatformsSaxoTraderGO, SaxoTraderPRO, TradingViewThinkorswim, StreetSmart Edge, Schwab Web, Mobile
Spread Average Average
Maximum Leverage1:301:50
Minimum Deposit$1$1
Base CurrenciesUSD, EUR, GBP, CHF, JPY, AUD, SGD, HKD, DKK, SEK, NOKUSD
Funding MethodsBank Wire, Credit Card, Debit CardBank Wire, ACH (MoneyLink), Mobile Check Deposit, Internal Transfer
Inactivity Fee
Interest on Margin
Withdrawal Fee$25 domestic wire ($15 online); $0 ACH
Investor ProtectionDanish Guarantee Fund, UK FSCSSIPC
Protection SizeDKK 100 000 / £85 000$500 000
Segregated Accounts
Negative Balance Protection
Guaranteed Stop Loss
Copy Trading
VPS
MAM/PAMM
Scalping Allowed
EAs/Robots
Depth of Market (DOM)
Tradable Assets (CFDs)Currencies, Stocks, ETFs, Bonds, Options, Futures, Commodities, CryptocurrenciesStocks, ETFs, Options, Futures, Forex, Bonds, Mutual Funds, Commodities
ReviewSaxo ReviewCharles Schwab Review

About Saxo

Saxo is a Danish multi-asset broker and fully licensed bank offering Direct Market Access across more than 190 FX pairs, 19 000+ equities and thousands of other instruments. Regulated by the Danish FSA, FCA, MAS and FINMA, Saxo provides the award-winning SaxoTraderGO/PRO platforms plus TradingView connectivity. Its Classic account has no minimum deposit, floating FX spreads from 0.9 pips and leverage up to 1:30, while Platinum and VIP tiers unlock tighter pricing and premium service. Traders benefit from segregated client funds, negative-balance protection in the EU, rich analytics and extensive education.

Pros

  • Bank-grade regulation (DK FSA, FCA, MAS, FINMA)
  • No-minimum Classic account; tight DMA pricing
  • 190+ FX pairs and 40 000+ instruments overall
  • SaxoTraderGO/PRO plus TradingView integration
  • Tiered positive-balance interest on cash
  • Extensive research, webinars and market tools

Cons

  • High deposits (USD 200k / 1 M) for better Platinum / VIP pricing
  • No MetaTrader support
  • Islamic swap-free accounts not available

About Charles Schwab

Charles Schwab is one of the largest U.S. brokers, serving more than 34 million clients with over $9 trillion in assets. Schwab offers zero-commission stock and ETF trades, powerful thinkorswim and StreetSmart Edge platforms, and access to 65+ forex pairs, futures, and 24/5 equity trading. Client assets are protected by SIPC up to $500,000 with additional coverage up to $600 million.

Pros

  • Commission-free online stock and ETF trades
  • No minimum deposit or inactivity fee
  • 65+ forex pairs and 24/5 trading
  • Robust research and education tools
  • Enhanced SIPC protection up to $600 million

Cons

  • $25 fee for outgoing domestic wires
  • No direct spot-crypto or MT4/MT5
  • Advanced platforms can overwhelm beginners

Saxo & Charles Schwab Regulation

Companies
Saxo
Saxo Bank A/S
Charles Schwab
Charles Schwab & Co., Inc.; Charles Schwab Bank, SSB
Countries
Saxo
Denmark, United Kingdom, Singapore, Australia, Switzerland, UAE, Hong Kong, Japan, Germany, France
Charles Schwab
United States
Regulators
Saxo
Danish FSA, FCA, MAS, FINMA
Charles Schwab
SEC, FINRA, CFTC, NFA, FDIC
Investor Protection
Saxo
Danish Guarantee Fund, UK FSCS
Charles Schwab
SIPC
Investor Protection Size
Saxo
DKK 100 000 / £85 000
Charles Schwab
$500 000
Publicly Traded
Saxo
Charles Schwab
Segregated Accounts
Saxo
Charles Schwab
Guaranteed Stop Loss
Saxo
Charles Schwab
Negative Balance Protection
Saxo
Charles Schwab

Account Types

DMA Account
Account Name
Saxo
Classic
Charles Schwab
Schwab One®
Min Deposit
Saxo
$1
Charles Schwab
$1
Lot Size
Saxo
0.01
Charles Schwab
0.1
Spread Type
Saxo
Floating
Charles Schwab
Floating
Execution
Saxo
Market
Charles Schwab
Market
Min Spread
Saxo
0.9
Charles Schwab
1.4
Fee
Saxo
No
Charles Schwab
No
Max Leverage
Saxo
1:30
Charles Schwab
1:50
Stop Out
Saxo
50%
Charles Schwab
30%
Margin Call
Saxo
100%
Charles Schwab
50%
Additional Features
Demo Account
Saxo
Charles Schwab
VIP Account
Saxo
Charles Schwab
Swap-Free Account
Saxo
Charles Schwab
Copy Trading
Saxo
Charles Schwab
VPS
Saxo
Charles Schwab
PAMM/MAM Accounts
Saxo
Charles Schwab

Funding and Fees

Base currencies
Saxo
USD, EUR, GBP, CHF, JPY, AUD, SGD, HKD, DKK, SEK, NOK
Charles Schwab
USD
Deposit and withdrawal methods
Saxo
Bank Wire, Credit Card, Debit Card
Charles Schwab
Bank Wire, ACH (MoneyLink), Mobile Check Deposit, Internal Transfer
Inactivity fee
Saxo
Charles Schwab
Interest on margin
Saxo
Charles Schwab
Withdrawal fee
Saxo
Charles Schwab
$25 domestic wire ($15 online); $0 ACH

Trading Platforms and Conditions

Trading Platforms
Saxo
SaxoTraderGO, SaxoTraderPRO, TradingView
Charles Schwab
Thinkorswim, StreetSmart Edge, Schwab Web, Mobile
Execution Speed
Saxo
9 ms
Charles Schwab
50 ms
Scalping
Saxo
Charles Schwab
Expert Advisors (EAs)
Saxo
Charles Schwab
Depth of Market (DOM)
Saxo
Charles Schwab
Spread
Saxo
average
Charles Schwab
average

Trading Assets

Currencies
Saxo
190
Charles Schwab
65
Indices
Saxo
29
Charles Schwab
20
Stocks
Saxo
19000
Charles Schwab
6000
Cryptocurrencies
Saxo
20
Charles Schwab
1
Bonds
Saxo
5000
Charles Schwab
60000
Metals
Saxo
4
Charles Schwab
5
Energies
Saxo
5
Charles Schwab
5
Soft Commodities
Saxo
8
Charles Schwab
12
ETFs
Saxo
3000
Charles Schwab
2000

Education and Analytics

Economic Calendar
Saxo
Charles Schwab
Indicators
Saxo
Charles Schwab
Robots
Saxo
Charles Schwab
Signals
Saxo
Charles Schwab
Autochartist
Saxo
Charles Schwab
Expert Analytics
Saxo
Charles Schwab
News Feed
Saxo
Charles Schwab
Education Articles
Saxo
Charles Schwab
Webinars
Saxo
Charles Schwab
Seminars
Saxo
Charles Schwab

Customer Support

Phone
Charles Schwab
Facebook
Charles Schwab
LinkedIn
Charles Schwab
YouTube
Saxo
Charles Schwab
Twitter
Charles Schwab

Which Broker is Better?

After comparing Saxo and Charles Schwab, Saxo comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.

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Andriy Bondarenko

Andriy Bondarenko

Broker Analyst

Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.