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