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Saxo vs Thndr: 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 Toronto Stock Exchange, London Stock Exchange, Xetra (Deutsche Börse), Euronext, SIX Swiss Exchange, Johannesburg Stock Exchange (JSE), and Hong Kong Exchanges (HKEX).
Only Thndr lists Egyptian Exchange (EGX) and Abu Dhabi Securities Exchange (ADX).
Only Saxo is licensed by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB.
Only Thndr is licensed by FRA (Egypt) and FSRA (ADGM).
Only Thndr supports Vodafone Cash for deposits and withdrawals.

Criterion	Saxo	Thndr
Rating	4.2/5 on other platforms 9.9K ratings	3.7/5 on other platforms 29K ratings
Regulators	Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, CONSOB	FRA (Egypt), FSRA (ADGM)
Minimum deposit	No minimum	—
Markets	US exchanges (NYSE, Nasdaq), Toronto Stock Exchange, London Stock Exchange, Xetra (Deutsche Börse), Euronext +3	Egyptian Exchange (EGX), US exchanges (NYSE, Nasdaq), Abu Dhabi Securities Exchange (ADX)
Products	stocks, ETFs, bonds, options, funds	stocks, ETFs, fractional shares, funds
US stock or ETF order	0.08% of the order, minimum $1	$0.20 per order, 0.1% of the order, $0.0015 per share
Currency conversion fee	0.25%	—
Investor protection	Danish Guarantee Fund (cash deposits), Danish Guarantee Fund (securities not returned)	Egyptian Investor Protection Fund
Deposits and withdrawals	Bank transfer, Visa / Mastercard	InstaPay, Vodafone Cash, Bank transfer, Visa / Mastercard
Available only in	Australia, Austria, Belgium, Croatia, Czechia, Denmark +36	—
Founded	1992	—
Headquarters	Denmark	—
	Read review	Read review

Which regulators license Saxo and Thndr?

Saxo is licensed by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB; Thndr by FRA (Egypt) and FSRA (ADGM).