Updated September 29, 2026 · BrokerCue Editorial Team
Robinhood vs Saxo
Where Robinhood and Saxo differ
| Compare |  Robinhood |  Saxo |
|---|---|---|
| Minimum deposit | $0 | CHF 0 |
| Stock trade fee | $0Lower | $1 |
| Account fee | $0 | €0 |
| Inactivity fee | $0 | €0 |
| Markets | Stocks, ETFs, Options, Futures, Crypto | Stocks, ETFs, Forex, CFDs, Options, Futures, Bonds, Funds |
| Regulators | Bank of Lithuania (LSC), LT BL, SIPC | Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA) |
| Options contract fee | $0Lower | $2 |
| Deposit and withdrawal fees | $100 outgoing transfer | Free deposits and withdrawals |
| Platforms | Robinhood app, Robinhood Legend | SaxoInvestor, SaxoTrader |
| 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 | 3.95% | Not confirmed |
| Maximum retail leverage | 10X | Not confirmed |
Same on both: Investor protection (EU ICS up to EUR 20,000).
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Key differences
- Robinhood scores higher overall: 9.4 vs 9.3.
- Regulators: only Robinhood offers Bank of Lithuania (LSC), LT BL, SIPC.
- Regulators: only Saxo offers Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA).
- Founded is lower at Saxo: 1992 vs 2013.
- Stock trade fee is lower at Robinhood: $0 vs $1.
- Options contract fee is lower at Robinhood: $0 vs $2.
- Markets: only Robinhood offers Crypto.
- Markets: only Saxo offers Forex, CFDs, Bonds.
- Platforms: only Robinhood offers Robinhood app, Robinhood Legend.
- Platforms: only Saxo offers SaxoInvestor, SaxoTrader.
Our verdict on each
Robinhood
Robinhood suits first-time investors and small, regular investors who want nothing charged for holding or trading. It is the cheapest way in on our data, with a minimum deposit of $0, no account fee and no inactivity charge, under the Bank of Lithuania and SIPC.
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 | Robinhood | Saxo |
|---|---|---|
| Cost | 9.6HigherStock trades cost $0, options contracts $0, the account fee is $0 and inactivity is $0. | 9.1Account fee and inactivity fee are both €0 and €0, and the minimum deposit is CHF 0. Stock trades cost $1. |
| Offer | 9.3 | 9.3 |
| Trust | 9.3 | 9.5Higher |
Feature by feature
| Markets | Robinhood | Saxo |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | No | Yes |
| CFDs | No | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| Crypto | Yes | No |
| Bonds | No | Yes |
| Funds | No | Yes |
| Account types | Robinhood | Saxo |
|---|---|---|
| IRA | Yes | No |
| Roth IRA | Yes | No |
| Joint | Yes | Yes |
| Corporate | No | Yes |
Where each is licensed and available
| Country | Robinhood | Saxo |
|---|---|---|
| Denmark | Not confirmed | |
| Lithuania | Bank of Lithuania (LSC) MiCA CASP 254900GTP4UXQO1UMI36 LT_BL PSD_PI 306377915 | Not confirmed |
| United Kingdom | Not confirmed | |
| United States | SIPC SIPC member 69916 | Not confirmed |
Where these facts come from
Robinhood
- finder.com: 7 facts, checked September 26, 2026
- esma.europa.eu: 4 facts, checked September 26, 2026
- mymillennialguide.com: 4 facts, checked September 26, 2026
- financer.com: 2 facts, checked September 26, 2026
- robinhood.com: 1 fact, checked September 26, 2026
Saxo
- home.saxo: 6 facts, checked September 26, 2026
- brokerchooser.com: 5 facts, checked September 26, 2026
- bestbrokers.com: 3 facts, checked September 26, 2026
- landofforex.com: 2 facts, checked September 26, 2026
- moneyland.ch: 1 fact, checked September 26, 2026
How they place
| Ranking | Robinhood | Saxo |
|---|---|---|
| Stock and ETF brokers | 14 of 471 | 78 of 471 |
| Investment platforms and apps | 1 of 86 | 17 of 86 |
| Options trading platforms | 1 of 103 | 23 of 103 |
| Futures trading platforms | 3 of 82 | 21 of 82 |
Every fact side by side
| Fact | Robinhood | Saxo |
|---|---|---|
| Features | Crypto, Fractional shares, Options, Futures, Mobile app | Demo account, Fractional shares, Mobile app |
| Pricing model | Commission free, Low feesCovers more | Low fees |
| Audience | Beginners, Day traders | Not confirmed |
| Legal entity | Robinhood Europe UAB | Saxo Bank A/S |
| Headquarters | Lithuania | Denmark |
| Founded | 2013 | 1992Lower |
Where each stands against the rest
| Fact | Robinhood | 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 | 3.95%lowest quarter | Not confirmed | 8.75% |
| Options contract fee | $0lowest quarter | $2highest quarter | $0.625 |
Median across 91 listed brokers.
Pros and cons
Robinhood
Pros
- Nothing to pay to open or hold an account, with an account fee of $0 and an inactivity fee of $0
- Trading a share costs $0, so a small first order is not eaten by commission
- You can start with a deposit of $0, lower than most brands on our data
Cons
- Leverage is available at 10X, which magnifies losses as well as gains
- Outgoing transfers carry a charge of $100 outgoing transfer
- Margin borrowing is priced at a margin rate of 3.95%, so interest adds to your cost
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
Robinhood
Who it suits
- Beginners opening a first account with a small deposit
- Day-traders working in options, futures and crypto on mobile
- Retirement investors using an IRA, Roth IRA or joint account
Who should look elsewhere
- Vantage if a flat minimum deposit of $5 suits you better
- CFI if you want forex and CFDs alongside shares, since its markets cover stocks, etfs and forex
- eToro if social copy trading matters more than options and futures
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
Robinhood
What does it cost to trade shares on Robinhood?+
Trading a share costs $0, and an options contract costs $0. There is also an account fee of $0 and an inactivity fee of $0, so nothing is taken for simply holding the account open. Borrowing on margin is charged at a margin rate of 3.95%, which is the main running cost if you use leverage.
Is there a minimum deposit to open a Robinhood account?+
The minimum deposit is $0, so you can open an account and place a small first order without funding a large balance. It is worth comparing that with the deposits other brands ask for before you commit, since the figure varies widely across the market. Outgoing transfers are charged at $100 outgoing transfer, so factor that in if you plan to move money out early.
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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