Abshire Smith
Saxo Markets
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Overview
Abshire Smith was founded in 1997 and is headquartered in United kingdom, while Saxo Markets was established in 2012 and is based in Denmark. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Abshire Smith serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $500 at Abshire Smith and $6500 at Saxo Markets.
| Feature | Abshire Smith | Saxo Markets |
|---|---|---|
| Min. Deposit | $500 | $6500 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) |
| Founded | 1997 | 2012 |
| Country | United kingdom | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Abshire Smith and Saxo Markets, directly affecting your bottom line as a trader. Abshire Smith has a lower barrier to entry with a minimum deposit of $500 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Abshire Smith does not, giving Abshire Smith an edge for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Abshire Smith does not. Abshire Smith charges deposit fees; Saxo Markets does not. The two brokers are broadly comparable on fee structure.
| Feature | Abshire Smith | Saxo Markets |
|---|---|---|
| Min. Deposit | $500 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Abshire Smith offers MT4, MT5, cTrader, while Saxo Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Abshire Smith | Saxo Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4, cTrader Platform | Mac, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Abshire Smith and Saxo Markets compare. Saxo Markets has a video library; Abshire Smith does not. Saxo Markets integrates third-party research tools (Autochartist); Abshire Smith does not. Saxo Markets scores higher overall in education and research.
| Feature | Abshire Smith | Saxo Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Abshire Smith accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Saxo Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Abshire Smith | Saxo Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Abshire Smith and Saxo Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Abshire Smith | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |