Bell Direct
Saxo Markets
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Overview
Bell Direct was founded in 1983 and is headquartered in New Zealand, while Saxo Markets was established in 2012 and is based in Denmark. Bell Direct holds licences including Financial Markets Authority (FMA), while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. Bell Direct serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $100 at Bell Direct and $6500 at Saxo Markets.
| Feature | Bell Direct | Saxo Markets |
|---|---|---|
| Min. Deposit | $100 | $6500 |
| Regulation | Financial Markets Authority (FMA) | Financial Conduct Authority (FCA) |
| Founded | 1983 | 2012 |
| Country | New Zealand | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bell Direct and Saxo Markets, directly affecting your bottom line as a trader. Bell Direct has a lower barrier to entry with a minimum deposit of $100 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Bell Direct does not, giving Bell Direct an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Bell Direct scores higher on fees in our assessment.
| Feature | Bell Direct | Saxo Markets |
|---|---|---|
| Min. Deposit | $100 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Bell Direct offers 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 Bell Direct does not offer. Saxo Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Bell Direct | Saxo Markets |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Android,WEB,Desktop,iPhone,Mac | 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 Bell Direct and Saxo Markets compare. Bell Direct runs regular live webinars; Saxo Markets does not. Both provide video tutorials. Bell Direct publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. Bell Direct maintains an archive of past webinars for on-demand viewing. Bell Direct scores higher overall in education and research.
| Feature | Bell Direct | Saxo Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bell Direct 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 | Bell Direct | 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 Bell Direct 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 | Bell Direct | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |