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Add to SafariWhen comparing SaxoTrader vs Stash Invest, the Slant community recommends SaxoTrader for most people. In the question“What are the best trading platforms?” SaxoTrader is ranked 4th while Stash Invest is ranked 6th. The most important reason people chose SaxoTrader is:
There is a big variety of chart types - line, area, Heikin-Ashi, and others. There are different indicators available, like trading volume, moving averages, Fibbonaci retracement, and so on.
Question Ranking
Pros
Pro Lots of tools for technical analysis
There is a big variety of chart types - line, area, Heikin-Ashi, and others. There are different indicators available, like trading volume, moving averages, Fibbonaci retracement, and so on.
Pro Big variety of instruments available
The instruments you can trade vary from stocks, forex, CFDs, ETFs, futures, and options.
Pro Mobile and Web versions available
Besides the Desktop application, there is a Web version and mobiles app. Although it has to be noted, that they don't include all the features of the platform.
Pro Lots of free learning resources
Free video tutorials are made by Saxo Bank that help to start using the platform. They cover everything from setting up your workspace to creating orders.
Pro Integrated news screen
You can view the latest news regarding your investments right in the platform. They are aggregated from different sources to provide a more objective perspective.
Pro Has lots of tips and guides
You can find useful guides and advice linked on the app to help you invest smarter.
Pro "Auto stash"
User can set up auto investments every week/2 weeks/month.
Pro Easy for beginners
The app has a categorized list of stock "packages" that are comprised of different stocks that are related. For each of those packages you can see the ticker name, what stocks are in it, the stock performance, risk level, etc.
Pro No transaction fees
Using the app costs $1/m but there are no other costs so you can move your money around very easily.
Cons
Con Support team can seem irritating
Saxo Bank's team is known to call from time to time to inquire about your experience with the platform. Although there's nothing intrinsically bad with that, it can become annoying really fast.
Con High initial deposit is required
To start trading with Saxo Bank's platform, you need to deposit at least $10,000 into your account.
Con Can't invest in specific stocks
The app allows the user to choose from a predefined list of stock packages and doesn't have the ability to search for a specific company and invest in it.
