Empower vs Saxo - BrokerCue
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Broker Comparison

Empower vs Saxo

Compare Empower and Saxo side by side: fees, regulation, platforms.

Empower

Empower

High-balance hybrid advisory clients

Empower is a US hybrid robo-advisor combining automated portfolio management with access to human financial a…

VS
Saxo

Saxo

Multi-asset investors and active traders

Saxo is a Danish bank and broker with investing and trading platforms covering stocks, ETFs, funds, bonds, op…

Head-to-head comparison

Empower vs Saxo
Feature Empower Saxo
Minimum deposit - No minimum deposit
Stock trading fee Commission-free trading on investment accounts Commissions from $1 on US stocks; commissions from EUR 2 on Euronext Amsterdam, Lisbon, and Paris
Regulators SEC, FINRA, SIPC DANISH FSA
Best for High-balance hybrid advisory clients Multi-asset investors and active traders
Markets & account
Stocks
ETFs
Forex
-
CFDs
-
Bonds
Options
-
Futures
-
Funds
Ready Made Portfolios
-
Investment Plans
-
Money Market Funds
-
Margin
-
Business Account
-
Demo Account
-

Pros & cons

Empower

Empower

Pros

  • Comprehensive free financial dashboard with net worth, retirement planner and fee analyzer
  • Hybrid model gives access to human advisors alongside automated portfolio management
  • Tax-loss harvesting and tax location strategy included in advisory fee
  • Tiered fees decrease as assets grow, reaching 0.49% above $10 million
  • Client assets held at established independent custodians with SIPC protection
  • High-yield cash account with FDIC insurance up to $5 million
  • Dedicated advisors and estate planning access at higher asset tiers
  • Commission-free trading on investment accounts

Cons

  • $100,000 minimum investment required to access any managed advisory services
  • Advisory fee of 0.89% on the first $1 million is high relative to robo-only competitors
  • No direct-to-consumer trading platform for active self-directed trading
  • No demo account available
  • No support for forex, CFDs, futures or options trading
  • Tax and estate planning features restricted to higher asset tiers
  • Free tools may prompt upsells for users approaching the $100,000 threshold
Saxo

Saxo

Pros

  • No platform fee and no inactivity fee
  • No minimum deposit for individual accounts
  • US stock and ETF commissions start from $1
  • 20-day demo account includes USD 100,000 simulated funds
  • Currency conversion fee capped at ±0.25%
  • Mutual funds have $0 commission, custody, and platform fees
  • One login gives access to SaxoInvestor and SaxoTrader

Cons

  • Classic custody fee is 0.15% p.a. on stocks, ETFs/ETCs, and bonds
  • Manual orders by phone, chat, or email cost EUR 50
  • Classic emailed reports cost USD 50 per request
  • Classic and Platinum instrument additions cost USD 200
  • Terminated accounts can incur EUR 15 per month administration fee
  • Proxy voting costs EUR 30 annually plus EUR 5 per vote
  • Some desktop market data features require a subscription
Empower

Empower

Empower is a US hybrid robo-advisor combining automated portfolio management with access to human financial advisors, built on the foundation of Personal Capital.

Visit Empower Read review

Your capital is at risk. Other fees apply.

Saxo

Saxo

Saxo is a Danish bank and broker with investing and trading platforms covering stocks, ETFs, funds, bonds, options, CFDs, forex, and futures.

Visit Saxo Read review

Your capital is at risk. Other fees apply.

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