Broker comparison

CapTrader vs.
Saxo Bank

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

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Summary

Your goal decides.

Saxo Bank has a higher rating of 4.5/5 compared to CapTrader (4.3/5). Saxo Bank offers 9 instrument types, while CapTrader offers 7. The minimum deposit is lower at Saxo Bank with 0 €. CapTrader 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.

German introducing broker for Interactive Brokers with top conditions

Premium investment bank with over 72,000 tradable instruments

At a glance

The key differences

Criterion
PlatformsTWS, CapTrader App, IBKR MobileSaxoTraderGO, SaxoTraderPRO, Saxo App
Product typesStocks, Options, Futures, Forex, ETFs, Bonds, CFDsStocks, Options, Futures, Forex, ETFs, Bonds, CFDs, Commodities, Mutual Funds
Options tradingYes, comprehensive options and futures tradingYes, comprehensive options trading on global exchanges
Fee modelfrom €2 per stock order, from $2 per US optionStocks from $1, options from $1, forex from 0.4 pip
Minimum deposit2.000 €0 €
RegulationBaFinDFSA/FCA
More informationDetailsDetails

Platforms

CapTrader

TWS, CapTrader App, IBKR Mobile

Saxo Bank

SaxoTraderGO, SaxoTraderPRO, Saxo App

Product types

CapTrader

Stocks, Options, Futures, Forex, ETFs, Bonds, CFDs

Saxo Bank

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

Options trading

CapTrader

Yes, comprehensive options and futures trading

Saxo Bank

Yes, comprehensive options trading on global exchanges

Fee model

CapTrader

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

Saxo Bank

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

Minimum deposit

CapTrader

2.000 €

Saxo Bank

0 €

Regulation

CapTrader

BaFin

Saxo Bank

DFSA/FCA

More information

CapTrader

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

Published fee
from €2 per stock order, from $2 per US option
Minimum deposit
2.000 €
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

StocksOptionsFuturesForexETFsBondsCFDs
StocksOptionsFuturesForexETFsBondsCFDsCommoditiesMutual Funds

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

Trading platforms

TWS · CapTrader App · IBKR Mobile

CapTrader offers the renowned Trader Workstation (TWS) as its main platform, the CapTrader App, and the IBKR Mobile App. The TWS is one of the most powerful trading platforms in the world, offering real-time charting with over 100 technical indicators, option chains with Greeks, strategy builders for complex option strategies, risk management tools, and algorithmic trading. The mobile app also enables access to all markets and order types on the go.

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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

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?

German introducing broker for Interactive Brokers with top conditions

  • Access to over 150 exchanges worldwide
  • Comprehensive options trading
  • German support with IB technology
  • Minimum deposit €2,000
  • TWS platform complex 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

CapTrader oder Saxo Bank?

Side by side. Decided with knowledge.

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

CapTrader4.3
  • Access to over 150 exchanges worldwide
  • Comprehensive options trading
  • German support with IB technology
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 CapTrader and Saxo Bank?
CapTrader: from €2 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: CapTrader or Saxo Bank?
CapTrader offers Stocks, Options, Futures, Forex, ETFs, Bonds, CFDs. Saxo Bank offers Stocks, Options, Futures, Forex, ETFs, Bonds, CFDs, Commodities, Mutual Funds.
How are CapTrader and Saxo Bank regulated?
The broker profiles list BaFin for CapTrader and DFSA/FCA for Saxo Bank. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is CapTrader or Saxo Bank better for beginners?
CapTrader lists a 2.000 € minimum deposit and offers TWS, CapTrader App, IBKR Mobile. Saxo Bank lists 0 € and offers SaxoTraderGO, SaxoTraderPRO, Saxo App. Compare usability, available products and costs for your intended use.
CapTrader vs Saxo Bank: Which broker is better overall?
The choice between CapTrader (4.3/5, 580 reviews) and Saxo Bank (4.5/5, 1900 reviews) depends on your needs. CapTrader: German introducing broker for Interactive Brokers with top conditions. Saxo Bank: Premium investment bank with over 72,000 tradable instruments.

Your next step

Your next step

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Keep learning

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