Updated September 29, 2026 · BrokerCue Editorial Team
Fidelity vs Saxo
Where Fidelity and Saxo differ
| Compare |  Fidelity |  Saxo |
|---|---|---|
| Minimum deposit | $0 | CHF 0 |
| Stock trade fee | $0Lower | $1 |
| Account fee | $0 | €0 |
| Inactivity fee | $0 | €0 |
| Markets | Stocks, ETFs, Options, Bonds, Funds, Futures, Forex | Stocks, ETFs, Forex, CFDs, Options, Futures, Bonds, FundsCovers more |
| Regulators | SEC, FINRA, SIPC | Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA) |
| Investor protection | SIPC up to USD 500,000 | EU ICS up to EUR 20,000 |
| Options contract fee | $0.65Lower | $2 |
| Account types | IRA, Roth IRA, Joint | Joint, Corporate |
| Retail accounts that lose money | Not confirmed | 64% |
| Currency conversion fee | Not confirmed | 0.25% |
| Margin rate | 12.375% | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | Free deposits and withdrawals |
| Platforms | Not confirmed | SaxoInvestor, SaxoTrader |
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Key differences
- Fidelity scores higher overall: 9.5 vs 9.3.
- Regulators: only Fidelity offers SEC, FINRA, SIPC.
- Regulators: only Saxo offers Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA).
- Founded is lower at Fidelity: 1946 vs 1992.
- Saxo is licensed in 1 more country.
- Stock trade fee is lower at Fidelity: $0 vs $1.
- Options contract fee is lower at Fidelity: $0.65 vs $2.
- Markets: only Saxo offers CFDs.
- Account types: only Fidelity offers IRA, Roth IRA.
- Account types: only Saxo offers Corporate.
Our verdict on each
Fidelity
Fidelity is a US brokerage that suits investors who want to hold and trade without a standing charge: its minimum deposit, account fee and inactivity fee all sit at $0, $0 and $0. Stock dealing is commission-free, with SIPC protection recorded as SIPC up to USD 500,000.
Saxo
Saxo suits investors who want a Danish bank with no account or inactivity charge and a wide market list, but the stock trade fee is $1 and the FX fee is 0.25%. Costs stay predictable for long holders, less so for frequent traders.
Score breakdown
| Area | Fidelity | Saxo |
|---|---|---|
| Cost | 9.1Site ranks it 1 of 138 on account fee and 1 of 161 on stock trade fee. | 9.1Account fee and inactivity fee are both €0 and €0, and the minimum deposit is CHF 0. Stock trades cost $1. |
| Offer | 9.5Higher | 9.3 |
| Trust | 9.8Higher | 9.5 |
Positions in our rankings
| Ranking | Fidelity | Saxo |
|---|---|---|
| Stock and ETF brokers | 46 of 471 | 78 of 471 |
| Investment platforms and apps | 9 of 86 | 17 of 86 |
| Forex brokers | 17 of 147 | 33 of 147 |
| Low-spread forex brokers | 15 of 145 | 31 of 145 |
| Options trading platforms | 10 of 103 | 23 of 103 |
| Futures trading platforms | 12 of 82 | 21 of 82 |
What each covers
| Markets | Fidelity | Saxo |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| CFDs | No | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Account types | Fidelity | Saxo |
|---|---|---|
| IRA | Yes | No |
| Roth IRA | Yes | No |
| Joint | Yes | Yes |
| Corporate | No | Yes |
Every fact side by side
| Fact | Fidelity | Saxo |
|---|---|---|
| Features | Fractional shares, Demo account, Mobile app, Crypto, Options, FuturesCovers more | Demo account, Fractional shares, Mobile app |
| Pricing model | Commission free | Low fees |
| Audience | Beginners, Experienced | Not confirmed |
| Legal entity | FIDELITY BROKERAGE SERVICES LLC | Saxo Bank A/S |
| Headquarters | United States | Denmark |
| Founded | 1946Lower | 1992 |
| Support channels | Phone, Community | Not confirmed |
Robo-advisors
| Fact | Fidelity | Saxo |
|---|---|---|
| Portfolio types | ETF, ESG, Crypto | Not confirmed |
Where each stands against the rest
| Fact | Fidelity | Saxo | Median |
|---|---|---|---|
| Stock trade fee | $0at the median | $1highest quarter | $0 |
| Retail accounts that lose money | Not confirmed | 64%lowest quarter | 72.05% |
| Currency conversion fee | Not confirmed | 0.25%below the median | 0.45% |
| Margin rate | 12.375%highest quarter | Not confirmed | 8.75% |
| Options contract fee | $0.65above the median | $2highest quarter | $0.625 |
Median across 91 listed brokers.
Pros and cons
Fidelity
Pros
- Costs sit at the floor: stock trade fee $0, account fee $0, inactivity fee $0 and minimum deposit $0
- The client entity is listed on the SIPC register as SIPC member 23292, with protection recorded at SIPC up to USD 500,000
- Account types cover retirement and shared holdings: ira, roth ira and joint
Cons
- Support runs on phone and community only, so that list carries no chat or email channel
- Options contracts cost $0.65 each, the main charge where stock dealing is free
- Margin borrowing is priced at 12.375%, a cost on top of the free equity dealing
Saxo
Pros
- Account fee and inactivity fee are both €0 and €0
- Minimum deposit is CHF 0 and deposits and withdrawals carry no charge
- Regulated in Denmark by the Danish Financial Supervisory Authority and in the UK by the Financial Conduct Authority
Cons
- Stock trade fee of $1 sits well above the site median of €0
- FX fee of 0.25% applies on top of trading costs
- Investor protection is limited to the EU scheme at EU ICS up to EUR 20,000
Who each suits
Fidelity
Who it suits
- Retirement savers, since ira, roth ira and joint are all listed as account types
- Buyers investing small amounts, as fractional shares sit in fractional shares, demo account and mobile app
- Traders who want stocks, bonds, funds, options, futures and forex in one place, as stocks, etfs and options shows
Who should look elsewhere
- Traders who want CFDs, since stocks, etfs and options leaves them out and CFI lists stocks, etfs and forex
- Anyone who prefers a required opening deposit, since $0 sets none where Vantage asks $5
Saxo
Who it suits
- Investors holding stocks and ETFs long term who want no account or inactivity charge
- Traders who need forex, options, futures and CFDs on one account
- Joint and corporate account holders
Who should look elsewhere
- Beginners wanting commission-free share dealing, where eToro charges $0 per trade
- Small-balance traders unwilling to meet the Vantage minimum deposit of $5
- Frequent currency converters put off by the 0.25% FX fee
Country by country
| Country | Fidelity | Saxo |
|---|---|---|
| United States | Yes | No |
Questions about each
Fidelity
What does it cost to trade stocks at Fidelity?+
Stock dealing is commission-free, with a stock trade fee of $0. The account fee is $0 and the minimum deposit is $0, so there is no standing charge to hold the account. Options contracts are the exception, at $0.65 each.
Is there an inactivity fee if I stop trading?+
The inactivity fee is $0, so an idle account is not charged for sitting still. On the site it ranks 1 of 56 brands measured for that fee. With the account fee at $0, a dormant account carries no listed running cost.
Saxo
What does Saxo charge to hold an account?+
The account fee is €0 and the inactivity fee is €0, so there is no annual or dormancy charge. Saxo ranks 1 of 138 on account fee and 1 of 56 on inactivity fee. That makes it a straightforward choice for long-term holdings.
How much does it cost to buy a stock?+
Stock trades cost $1 through Saxo. That places it at 107 of 161 on this measure, and above the site median of €0. Active share traders should weigh that before opening.
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