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Saxo vs Scalable Capital: fees, markets and protection
Facts for both companies from their official pages; each was checked on the date shown in its review.
Facts verified on October 18, 2026
Key differences
- Only Saxo lists US exchanges (NYSE, Nasdaq), Toronto Stock Exchange, London Stock Exchange, Euronext, SIX Swiss Exchange, Johannesburg Stock Exchange (JSE), and Hong Kong Exchanges (HKEX).
- Only Scalable Capital lists European Investor Exchange (Hanover Stock Exchange) and gettex (Munich Stock Exchange).
- Only Saxo is licensed by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB.
- Only Scalable Capital is licensed by BaFin.
Side by side
| Criterion | | |
|---|---|---|
| Rating | ||
| Regulators | Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, CONSOB | BaFin |
| Minimum deposit | No minimum | No minimum |
| Markets | US exchanges (NYSE, Nasdaq), Toronto Stock Exchange, London Stock Exchange, Xetra (Deutsche Börse), Euronext +3 | European Investor Exchange (Hanover Stock Exchange), gettex (Munich Stock Exchange), Xetra (Deutsche Börse) |
| Products | stocks, ETFs, bonds, options, funds | stocks, ETFs, bonds, funds |
| US stock or ETF order | 0.08% of the order, minimum $1 | €0.99 per order |
| Currency conversion fee | 0.25% | — |
| Investor protection | Danish Guarantee Fund (cash deposits), Danish Guarantee Fund (securities not returned) | Entschädigungseinrichtung deutscher Banken (statutory deposit guarantee) |
| Deposits and withdrawals | Bank transfer, Visa / Mastercard | Bank transfer |
| Available only in | Australia, Austria, Belgium, Croatia, Czechia, Denmark +36 | Germany, Austria, Italy, France, Spain, Netherlands |
| Founded | 1992 | 2014 |
| Headquarters | Denmark | Germany |
| Read review | Read review |
Frequently asked questions
What is the minimum deposit at Saxo and Scalable Capital?
Saxo: €0. Scalable Capital: €0.
Which regulators license Saxo and Scalable Capital?
Saxo is licensed by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB; Scalable Capital by BaFin.
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