Broker comparison

Banx Broker vs.
Saxo Bank

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

Saxo Bank has a higher rating of 4.5/5 compared to Banx Broker (4.1/5). Saxo Bank offers 9 instrument types, while Banx Broker offers 6. The minimum deposit is lower at Saxo Bank with 0 €. Banx Broker is BaFin-regulated, while Saxo Bank is supervised by DFSA/FCA. Saxo Bank has been in the market since 1992, making it the more experienced provider.

Introducing broker with competitive rates for active traders

Premium investment bank with over 72,000 tradable instruments

At a glance

The key differences

Criterion
PlatformsTWS, Banx App, IBKR MobileSaxoTraderGO, SaxoTraderPRO, Saxo App
Product typesStocks, Options, Futures, Forex, ETFs, CFDsStocks, Options, Futures, Forex, ETFs, Bonds, CFDs, Commodities, Mutual Funds
Options tradingYes, comprehensive options trading via IBYes, comprehensive options trading on global exchanges
Fee modelfrom €3.90 per stock order, from $2 per US optionStocks from $1, options from $1, forex from 0.4 pip
Minimum deposit3.000 €0 €
RegulationBaFinDFSA/FCA
More informationDetailsDetails

Platforms

Banx Broker

TWS, Banx App, IBKR Mobile

Saxo Bank

SaxoTraderGO, SaxoTraderPRO, Saxo App

Product types

Banx Broker

Stocks, Options, Futures, Forex, ETFs, CFDs

Saxo Bank

Stocks, Options, Futures, Forex, ETFs, Bonds, CFDs, Commodities, Mutual Funds

Options trading

Banx Broker

Yes, comprehensive options trading via IB

Saxo Bank

Yes, comprehensive options trading on global exchanges

Fee model

Banx Broker

from €3.90 per stock order, from $2 per US option

Saxo Bank

Stocks from $1, options from $1, forex from 0.4 pip

Minimum deposit

Banx Broker

3.000 €

Saxo Bank

0 €

Regulation

Banx Broker

BaFin

Saxo Bank

DFSA/FCA

More information

Banx Broker

Details

Saxo Bank

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

from €3.90 per stock order, from $2 per US option

Published fee
from €3.90 per stock order, from $2 per US option
Minimum deposit
3.000 €
See terms at provider

Stocks from $1, options from $1, forex from 0.4 pip

Published fee
Stocks from $1, options from $1, forex from 0.4 pip
Minimum deposit
0 €
Spread figure
EUR/USD from 0.4 pip (Classic), 0.2 pip (VIP)
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

StocksOptionsFuturesForexETFsCFDs
StocksOptionsFuturesForexETFsBondsCFDsCommoditiesMutual Funds

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

TWS · Banx App · IBKR Mobile

Banx offers the Trader Workstation (TWS), the Banx App, and the IBKR Mobile App. The TWS is the professional desktop platform with comprehensive charting tools, option chains, Greeks display, strategy builder, and over 100 order types. It supports algorithmic trading and provides real-time market data at international exchanges. The mobile app enables trading on the go with access to all important features and order types.

Explore platform

SaxoTraderGO · SaxoTraderPRO · Saxo App

Saxo Bank offers three trading platforms: SaxoTraderGO is the web-based main platform with modern design, comprehensive charting tools, option chains, stock screeners, and integrated research reports. SaxoTraderPRO caters to professional traders with multi-monitor support, extended order book, algorithmic trading, and real-time analyses. The Saxo App provides the full range of features on mobile, including options trading and portfolio management.

Explore platform

Regulation & security

BaFin

Regulatory information

DFSA/FCA

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

Introducing broker with competitive rates for active traders

  • Access to international markets
  • Comprehensive options trading
  • German customer service
  • Minimum deposit €3,000
  • Complex platform for beginners

Premium investment bank with over 72,000 tradable instruments

  • Over 72,000 tradable instruments
  • Professional platforms
  • Comprehensive options trading
  • Higher fees for entry-level account
  • Platform complex for beginners

Find the broker that fits

Banx Broker oder Saxo Bank?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

Banx Broker4.1
  • Access to international markets
  • Comprehensive options trading
  • German customer service
Saxo Bank4.5
  • Over 72,000 tradable instruments
  • Professional platforms
  • Comprehensive options trading
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
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Your questions

Frequently asked questions

How do fees differ between Banx Broker and Saxo Bank?
Banx Broker: from €3.90 per stock order, from $2 per US option. Saxo Bank: Stocks from $1, options from $1, forex from 0.4 pip. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: Banx Broker or Saxo Bank?
Banx Broker offers Stocks, Options, Futures, Forex, ETFs, CFDs. Saxo Bank offers Stocks, Options, Futures, Forex, ETFs, Bonds, CFDs, Commodities, Mutual Funds.
How are Banx Broker and Saxo Bank regulated?
The broker profiles list BaFin for Banx Broker and DFSA/FCA for Saxo Bank. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Banx Broker or Saxo Bank better for beginners?
Banx Broker lists a 3.000 € minimum deposit and offers TWS, Banx App, IBKR Mobile. Saxo Bank lists 0 € and offers SaxoTraderGO, SaxoTraderPRO, Saxo App. Compare usability, available products and costs for your intended use.
Banx Broker vs Saxo Bank: Which broker is better overall?
The choice between Banx Broker (4.1/5, 420 reviews) and Saxo Bank (4.5/5, 1900 reviews) depends on your needs. Banx Broker: Introducing broker with competitive rates for active traders. Saxo Bank: Premium investment bank with over 72,000 tradable instruments.

Your next step

Your next step

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise