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Saxo vs Tiger Brokers: 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, and Johannesburg Stock Exchange (JSE).
Only Tiger Brokers lists Singapore Exchange (SGX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Australian Securities Exchange (ASX).
Only Saxo is licensed by Danish FSA, CBUAE, FCA, FINMA, Kanto LFB, and CONSOB.
Only Tiger Brokers is licensed by SFC, SEC, and ASIC.

Criterion	Saxo	Tiger Brokers On our watch list: check recent regulator actions and withdrawal reports before using it.
Rating	4.2/5 on other platforms 9.9K ratings	4.6/5 on other platforms 30.2K ratings
Regulators	Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, CONSOB	MAS, SFC, SEC, ASIC
Minimum deposit	No minimum	No minimum
Markets	US exchanges (NYSE, Nasdaq), Toronto Stock Exchange, London Stock Exchange, Xetra (Deutsche Börse), Euronext +3	US exchanges (NYSE, Nasdaq), Hong Kong Exchanges (HKEX), Singapore Exchange (SGX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE) +1
Products	stocks, ETFs, bonds, options, funds	stocks, ETFs, fractional shares, bonds, options, funds
US stock or ETF order	0.08% of the order, minimum $1	$0.01 per share, minimum $1.99
Currency conversion fee	0.25%	—
Investor protection	Danish Guarantee Fund (cash deposits), Danish Guarantee Fund (securities not returned)	SIPC, Investor Compensation Fund (Hong Kong)
Deposits and withdrawals	Bank transfer, Visa / Mastercard	Bank transfer, PayNow, FPS (Faster Payment System)
Available only in	Australia, Austria, Belgium, Croatia, Czechia, Denmark +36	—
Founded	1992	2014
Headquarters	Denmark	—
	Read review	Read review

What is the minimum deposit at Saxo and Tiger Brokers?

Saxo: €0. Tiger Brokers: $0.

Which regulators license Saxo and Tiger Brokers?

Saxo is licensed by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB; Tiger Brokers by MAS, SFC, SEC, and ASIC.