Baker Young Stockbrokers
Saxo Markets
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Overview
Baker Young Stockbrokers was founded in 2017 and is headquartered in Australia, while Saxo Markets was established in 2012 and is based in Denmark. Baker Young Stockbrokers holds licences including Unregulated, while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. Baker Young Stockbrokers serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $200 at Baker Young Stockbrokers and $6500 at Saxo Markets.
| Feature | Baker Young Stockbrokers | Saxo Markets |
|---|---|---|
| Min. Deposit | $200 | $6500 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2017 | 2012 |
| Country | Australia | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Baker Young Stockbrokers and Saxo Markets, directly affecting your bottom line as a trader. Baker Young Stockbrokers has a lower barrier to entry with a minimum deposit of $200 (vs $6500 at Saxo Markets). Both brokers charge withdrawal fees. Saxo Markets applies inactivity fees on dormant accounts; Baker Young Stockbrokers does not. Baker Young Stockbrokers charges deposit fees; Saxo Markets does not. Overall, Baker Young Stockbrokers scores higher on fees in our assessment.
| Feature | Baker Young Stockbrokers | Saxo Markets |
|---|---|---|
| Min. Deposit | $200 | $6500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Baker Young Stockbrokers 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 | Baker Young Stockbrokers | 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 | iPhone/iPad,iOS, | 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 Baker Young Stockbrokers and Saxo Markets compare. Saxo Markets has a video library; Baker Young Stockbrokers does not. Saxo Markets integrates third-party research tools (Autochartist); Baker Young Stockbrokers does not. Saxo Markets scores higher overall in education and research.
| Feature | Baker Young Stockbrokers | 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. Baker Young Stockbrokers 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 | Baker Young Stockbrokers | 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 Baker Young Stockbrokers 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 | Baker Young Stockbrokers | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |