Updated September 29, 2026 · BrokerCue Editorial Team
Freedom24 vs Saxo
Freedom24 vs Saxo: the differences
| Compare |  Freedom24 |  Saxo |
|---|---|---|
| Minimum deposit | €0 | CHF 0 |
| Stock trade fee | €2 | $1 |
| Markets | Stocks, ETFs, Options, Bonds | Stocks, ETFs, Forex, CFDs, Options, Futures, Bonds, FundsCovers more |
| Regulators | CySEC | Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA) |
| Currency conversion fee | 0.005%Lower | 0.25% |
| Options contract fee | $0.65Lower | $2 |
| Deposit and withdrawal fees | EUR 7 per withdrawal | Free deposits and withdrawals |
| Platforms | Freedom24 App, Freedom24 Web | SaxoInvestor, SaxoTrader |
| Retail accounts that lose money | Not confirmed | 64% |
| Account types | Not confirmed | Joint, Corporate |
Same on both: Account fee (€0), Inactivity fee (€0), Investor protection (EU ICS up to EUR 20,000).
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Key differences
- Saxo scores higher overall: 9.3 vs 8.9.
- Regulators: only Freedom24 offers CySEC.
- Regulators: only Saxo offers Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA).
- Founded is lower at Saxo: 1992 vs 2013.
- Saxo is licensed in 1 more country.
- Currency conversion fee is lower at Freedom24: 0.005% vs 0.25%.
- Options contract fee is lower at Freedom24: $0.65 vs $2.
- Markets: only Saxo offers Forex, CFDs, Futures.
- Platforms: only Freedom24 offers Freedom24 App, Freedom24 Web.
- Platforms: only Saxo offers SaxoInvestor, SaxoTrader.
Our verdict on each
Freedom24
Freedom24 suits European investors who want stocks, ETFs, options and bonds under one CySEC-regulated roof, and who would rather not pay an annual account charge of €0. A euro minimum deposit of €0 keeps entry easy, while per-deal trading costs make it a better fit for occasional buyers than for frequent traders.
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 | Freedom24 | Saxo |
|---|---|---|
| Cost | 9.2HigherCost is middling: account fee €0 and minimum deposit €0 are nil, but €2 per deal is high against the €0 median. | 9.1Account fee and inactivity fee are both €0 and €0, and the minimum deposit is CHF 0. Stock trades cost $1. |
| Offer | 8.9 | 9.3Higher |
| Trust | 8.7 | 9.5Higher |
Pick Freedom24 if, pick Saxo if
Pick Freedom24 if currency conversion fee and options contract fee matter most.
Pick Saxo if offer, trust, and markets matter most.
Where each is licensed and available
| Country | Freedom24 | Saxo |
|---|---|---|
| Cyprus | CySEC 275/15 | Not confirmed |
| Denmark | Not confirmed | |
| United Kingdom | Not confirmed |
How they place
| Ranking | Freedom24 | Saxo |
|---|---|---|
| Stock and ETF brokers | 161 of 471 | 78 of 471 |
| Options trading platforms | 57 of 103 | 23 of 103 |
Every fact side by side
| Fact | Freedom24 | Saxo |
|---|---|---|
| Features | Options, Mobile app | Demo account, Fractional shares, Mobile app |
| Pricing model | Not confirmed | Low fees |
| Legal entity | Freedom Finance Europe Ltd | Saxo Bank A/S |
| Headquarters | Cyprus | Denmark |
| Founded | 2013 | 1992Lower |
Where each stands against the rest
| Fact | Freedom24 | Saxo | Median |
|---|---|---|---|
| Account fee | €0at the median | €0at the median | €0 |
| Inactivity fee | €0below the median | €0below the median | €2.45 |
| Retail accounts that lose money | Not confirmed | 64%lowest quarter | 72.05% |
| Currency conversion fee | 0.005%lowest quarter | 0.25%below the median | 0.45% |
| Options contract fee | $0.65above the median | $2highest quarter | $0.625 |
Median across 52 listed brokers.
Pros and cons
Freedom24
Pros
- Account fee €0 and inactivity fee €0 leave the cost of holding an account at nil.
- A minimum deposit of €0 sits well under the €6.17 median for stock brokers.
- A single account covers stocks, etfs and options, so an ETF, a bond and an option sit together.
Cons
- A stock trade fee of €2 ranks 126 of 161 on the site, well behind the field.
- Withdrawals cost EUR 7 per withdrawal each.
- Currency conversion is charged at 0.005% on positions held outside the euro.
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
Freedom24
Who it suits
- Investors who want stocks, etfs and options in one account with an account fee of €0.
- Savers who prefer a euro starting point of €0 and a firm authorised in Cyprus under 275/15.
- People who trade from a phone as well as a browser, since Freedom24 App and Freedom24 Web lists the Freedom24 App and web platform.
Who should look elsewhere
- eToro, if the cost of each trade decides it, because its stock trade fee is $0.
- Vantage, if you would rather start with a deposit of $5 than fund the account from the first unit.
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
Questions about each
Freedom24
What does a trade cost at Freedom24?+
A stock trade costs €2, with options at $0.65 per contract and currency conversion at 0.005%. That per-deal cost is the number to weigh, since the account fee of €0 adds nothing to it.
Is there an account fee or an inactivity charge?+
The account fee is €0 and the inactivity fee is €0. Both rank 1 on the site, so an unused account does not start costing money. That suits investors who top up in small amounts rather than trading often.
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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