Barclays
Saxo Markets
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Overview
Barclays was founded in 2011 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. Barclays serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $0 at Barclays and $6500 at Saxo Markets.
| Feature | Barclays | Saxo Markets |
|---|---|---|
| Min. Deposit | $0 | $6500 |
| Regulation | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) | Financial Conduct Authority (FCA) |
| Founded | 2011 | 2012 |
| Country | United Kingdom | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Barclays and Saxo Markets, directly affecting your bottom line as a trader. Barclays has a lower barrier to entry with a minimum deposit of $0 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Barclays does not, giving Barclays an edge for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Barclays does not. Overall, Barclays scores higher on fees in our assessment.
| Feature | Barclays | Saxo Markets |
|---|---|---|
| Min. Deposit | $0 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Barclays offers MT4, MT5, cTrader, while Saxo Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Saxo Markets supports social and copy trading features, which Barclays does not offer. The two brokers are closely matched on platform offering.
| Feature | Barclays | 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 | Desktop, Tablet & Mobile apps | 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 Barclays and Saxo Markets compare. Barclays runs regular live webinars; Saxo Markets does not. Both provide video tutorials. Barclays publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. Barclays maintains an archive of past webinars for on-demand viewing. Barclays scores higher overall in education and research.
| Feature | Barclays | Saxo Markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Barclays 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 | Barclays | 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 Barclays 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 | Barclays | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |