Updated September 29, 2026 · BrokerCue Editorial Team
Saxo vs Webull
What sets them apart
| Compare |  Saxo |  Webull |
|---|---|---|
| Stock trade fee | $1 | $0Lower |
| Markets | Stocks, ETFs, Forex, CFDs, Options, Futures, Bonds, Funds | Stocks, ETFs, Options, Futures, Crypto, Bonds, Funds |
| Regulators | Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA) | FINRA, SEC, SIPC |
| Investor protection | EU ICS up to EUR 20,000 | SIPC up to USD 500,000 |
| Options contract fee | $2 | $0Lower |
| Deposit and withdrawal fees | Free deposits and withdrawals | $0 incoming stock transfer |
| Platforms | SaxoInvestor, SaxoTrader | Desktop, Mobile, Web |
| Account types | Joint, Corporate | IRA |
| Minimum deposit | CHF 0 | Not confirmed |
| Account fee | €0 | Not confirmed |
| Inactivity fee | €0 | Not confirmed |
| Retail accounts that lose money | 64% | Not confirmed |
| Currency conversion fee | 0.25% | Not confirmed |
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Key differences
- Webull scores higher overall: 9.6 vs 9.3.
- Regulators: only Saxo offers Danish Financial Supervisory Authority (FSA), Financial Conduct Authority (FCA).
- Regulators: only Webull offers FINRA, SEC, SIPC.
- Saxo is licensed in 1 more country.
- Stock trade fee is lower at Webull: $0 vs $1.
- Options contract fee is lower at Webull: $0 vs $2.
- Markets: only Saxo offers Forex, CFDs.
- Markets: only Webull offers Crypto.
- Platforms: only Saxo offers SaxoInvestor, SaxoTrader.
- Platforms: only Webull offers Desktop, Mobile, Web.
Our verdict on each
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.
Webull
Webull suits US retail investors who want a single app for stocks, options, futures, crypto and retirement saving, and the fee line is the draw: a stock trade costs $0. Investor protection is SIPC up to USD 500,000, though the account range is narrow.
Score breakdown
| Area | Saxo | Webull |
|---|---|---|
| Cost | 9.1Account fee and inactivity fee are both €0 and €0, and the minimum deposit is CHF 0. Stock trades cost $1. | 9.7Higher |
| Offer | 9.3 | 9.3 |
| Trust | 9.5 | 9.8Higher |
How they place
| Ranking | Saxo | Webull |
|---|---|---|
| Stock and ETF brokers | 78 of 471 | 45 of 471 |
| Investment platforms and apps | 17 of 86 | 8 of 86 |
| Options trading platforms | 23 of 103 | 9 of 103 |
| Futures trading platforms | 21 of 82 | 11 of 82 |
Licences and countries
| Country | Saxo | Webull |
|---|---|---|
| Denmark | Not confirmed | |
| United Kingdom | Not confirmed | |
| United States | Not confirmed | SIPC SIPC member 71394 |
What each covers
| Markets | Saxo | Webull |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| CFDs | Yes | No |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| Crypto | No | Yes |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Account types | Saxo | Webull |
|---|---|---|
| IRA | No | Yes |
| Joint | Yes | No |
| Corporate | Yes | No |
Where these facts come from
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
Webull
- webull.com: 9 facts, checked September 26, 2026
- brokercheck.finra.org: 2 facts, checked September 26, 2026
- sipc.org: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Saxo | Webull |
|---|---|---|
| Features | Demo account, Fractional shares, Mobile app | Crypto, Demo account, Fractional shares, Options, Futures, Mobile appCovers more |
| Pricing model | Low fees | Commission free |
| Legal entity | Saxo Bank A/S | WEBULL FINANCIAL LLC |
| Headquarters | Denmark | Not confirmed |
| Founded | 1992 | Not confirmed |
| Support channels | Not confirmed | Email, Phone, Help centre |
Where each stands against the rest
| Fact | Saxo | Webull | Median |
|---|---|---|---|
| Stock trade fee | $1highest quarter | $0at the median | $0 |
| Account fee | €0at the median | Not confirmed | €0 |
| Inactivity fee | €0below the median | Not confirmed | €2.45 |
| Retail accounts that lose money | 64%lowest quarter | Not confirmed | 72.05% |
| Currency conversion fee | 0.25%below the median | Not confirmed | 0.45% |
| Options contract fee | $2highest quarter | $0lowest quarter | $0.625 |
Median across 91 listed brokers.
Pros and cons
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
Webull
Pros
- A stock trade costs $0 and an options contract $0 on the ira account.
- Investor protection is SIPC up to USD 500,000, with registration under FINRA, SEC and SIPC.
- A single app covers stocks, etfs and options, so shares, bonds, funds, options, futures and crypto sit together.
Cons
- Support runs on email, phone and help centre, with no live chat listed.
- Account choice is narrow, with ira the only type listed.
- Across the brokers compared, the middle retail loss share is 70.15% and the top of the range 88%.
Who each suits
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
Webull
Who it suits
- US retail investors who want stocks, options, futures and crypto under a single login
- Beginners using the demo account in crypto, demo account and fractional shares before committing money
- Retirement savers who want $0 stock trades in the same app
Who should look elsewhere
- eToro, if you want forex and CFDs, since stocks, etfs and forex include them
- CFI, if your focus is forex and CFDs rather than stocks, etfs and options
- Vantage, if you trade metals and CFDs, which its forex, cfds and stocks cover
Country by country
| Country | Saxo | Webull |
|---|---|---|
| United States | No | Yes |
Questions about each
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.
Webull
What does it cost to trade?+
A stock trade costs $0 and an options contract $0, on the ira account. The pricing model is commission free, and incoming stock transfers are free. Costs stay low, though they do not decide whether a trade makes money.
Is my money protected if the firm fails?+
Accounts sit with WEBULL FINANCIAL LLC. Investor protection is SIPC up to USD 500,000, and registration with FINRA, SEC and SIPC applies, with SIPC membership listed as SIPC member 71394. Low costs do not change that, so weigh the retail loss figures before you trade.
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