We may earn a commission if you open an account or buy a challenge through links on this page. Commissions never change our scores. How we make money

Saxo vs Webull: 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 Webull lists Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Tokyo Stock Exchange (TSE).
Only Saxo is licensed by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB.
Only Webull is licensed by SFC.

Criterion	Saxo	Webull
Rating	4.2/5 on other platforms 9.9K ratings	4.4/5 on other platforms 3.8K ratings
Regulators	Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, CONSOB	SFC
Minimum deposit	No minimum	HK$10,000
Markets	US exchanges (NYSE, Nasdaq), Toronto Stock Exchange, London Stock Exchange, Xetra (Deutsche Börse), Euronext +3	US exchanges (NYSE, Nasdaq), Hong Kong Exchanges (HKEX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), Tokyo Stock Exchange (TSE)
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 per order
Currency conversion fee	0.25%	—
Investor protection	Danish Guarantee Fund (cash deposits), Danish Guarantee Fund (securities not returned)	Investor Compensation Fund (Hong Kong)
Deposits and withdrawals	Bank transfer, Visa / Mastercard	Bank transfer, FPS (Faster Payment System)
Available only in	Australia, Austria, Belgium, Croatia, Czechia, Denmark +36	Hong Kong, Macao
Founded	1992	—
Headquarters	Denmark	—
	Read review	Read review

What is the minimum deposit at Saxo and Webull?

Saxo: €0. Webull: HK$10,000.

Which regulators license Saxo and Webull?

Saxo is licensed by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB; Webull by SFC.