Bulbrokers
Saxo Markets
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Overview
Bulbrokers was founded in 2000 and is headquartered in Bulgaria, while Saxo Markets was established in 2012 and is based in Denmark. Bulbrokers holds licences including Financial Services Authority (FSA), while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. Bulbrokers serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $100 at Bulbrokers and $6500 at Saxo Markets.
| Feature | Bulbrokers | Saxo Markets |
|---|---|---|
| Min. Deposit | $100 | $6500 |
| Regulation | Financial Services Authority (FSA) | Financial Conduct Authority (FCA) |
| Founded | 2000 | 2012 |
| Country | Bulgaria | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bulbrokers and Saxo Markets, directly affecting your bottom line as a trader. Bulbrokers has a lower barrier to entry with a minimum deposit of $100 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Bulbrokers does not, giving Bulbrokers an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Bulbrokers scores higher on fees in our assessment.
| Feature | Bulbrokers | Saxo Markets |
|---|---|---|
| Min. Deposit | $100 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Bulbrokers 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 Bulbrokers does not offer. Saxo Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Bulbrokers | 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 | MT4, Web Trader, 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 Bulbrokers and Saxo Markets compare. Saxo Markets has a video library; Bulbrokers does not. Saxo Markets integrates third-party research tools (Autochartist); Bulbrokers does not. Saxo Markets scores higher overall in education and research.
| Feature | Bulbrokers | 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. Bulbrokers 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 | Bulbrokers | 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 Bulbrokers 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 | Bulbrokers | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |