DEGIRO vs Saxo Bank: Which Broker Suits You?
DEGIRO scores 3.4 and Saxo Bank 4.0 out of 5 on our published methodology. DEGIRO leads on Costs & Fees; Saxo Bank leads on Platform & Tools, Regulation & Trust and Asset Range, and they tie on Account Access & Support. Both accept clients in the EU.
Higher overall score
Saxo Bank
4.0/5
Best for: Premium multi-asset investing
Read the full Saxo Bank review →Score by score
Each category is scored 1–5 using our published methodology. The overall score is the plain average of the first five; ease of use is shown separately.
Key facts side by side
| DEGIRO | Saxo Bank | |
|---|---|---|
| What you own | Real assets | Real assets |
| Available assets | Stocks, ETFs, bonds and funds across many European and global exchanges | Stocks, bonds, ETFs, options, futures and forex across 50+ exchanges |
| Regulated by | BaFin (flatexDEGIRO Bank SE), with DNB and AFM overseeing the Dutch branch | Danish FSA as a licensed bank, plus FCA and others |
| Stands out for | Among the lowest per-trade costs available in Europe | Professional-grade platforms and exceptional instrument breadth |
| Watch out for | Basic platform, no forex, and not open to US residents | Premium pricing, with custody fees in some countries |
| Accepts clients in | The EU | The UK, the EU and other countries |
Is DEGIRO cheaper than Saxo Bank?
On our Costs & Fees score, DEGIRO rates 4/5 against Saxo Bank’s 2/5, so it is generally the cheaper of the two for the costs we assess: commissions, spreads, currency conversion and account fees. Fees differ by country and account type and change often, so check both brokers’ current price lists before you choose.
Which is safer, DEGIRO or Saxo Bank?
DEGIRO is regulated by BaFin (flatexDEGIRO Bank SE), with DNB and AFM overseeing the Dutch branch; Saxo Bank by Danish FSA as a licensed bank, plus FCA and others. Saxo Bank scores higher on our Regulation & Trust measure (5/5 against 4/5). Which company holds your account, and which investor compensation scheme covers it, depends on where you live. Compensation schemes cover a broker failing, never investment losses.
Which is better for beginners?
On ease of use for a beginner, which sits outside the overall score, DEGIRO scores 3/5 and Saxo Bank 2/5. DEGIRO is the gentler place to start.
Who each one tends to suit
DEGIRO
- Tends to suit
- Low-cost European investing
- Stands out for
- Among the lowest per-trade costs available in Europe
- Watch out for
- Basic platform, no forex, and not open to US residents
Saxo Bank
- Tends to suit
- Premium multi-asset investing
- Stands out for
- Professional-grade platforms and exceptional instrument breadth
- Watch out for
- Premium pricing, with custody fees in some countries
More head-to-heads
Scores and facts come from our own reviews as of September 2026 and follow one published methodology. Plain Investor has no commercial relationship with either broker. This is general education, not personal financial advice. Fees, features and regulation change, so confirm current terms with each broker before opening an account.