Direct FX
Saxo Markets
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Overview
Direct FX was founded in 2006 and is headquartered in New Zealand, while Saxo Markets was established in 2012 and is based in Denmark. Direct FX holds licences including Unregulated, while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. Direct FX serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $1 at Direct FX and $6500 at Saxo Markets.
| Feature | Direct FX | Saxo Markets |
|---|---|---|
| Min. Deposit | $1 | $6500 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2006 | 2012 |
| Country | New Zealand | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Direct FX and Saxo Markets, directly affecting your bottom line as a trader. Direct FX has a lower barrier to entry with a minimum deposit of $1 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Direct FX does not, giving Direct FX an edge for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Direct FX does not. Direct FX charges deposit fees; Saxo Markets does not. Overall, Direct FX scores higher on fees in our assessment.
| Feature | Direct FX | Saxo Markets |
|---|---|---|
| Min. Deposit | $1 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Direct FX 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 | Direct FX | 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 | Not available | 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 Direct FX and Saxo Markets compare. Direct FX runs regular live webinars; Saxo Markets does not. Both provide video tutorials. Direct FX publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. Direct FX maintains an archive of past webinars for on-demand viewing. Direct FX scores higher overall in education and research.
| Feature | Direct FX | 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. Direct FX 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 | Direct FX | 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 Direct FX 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 | Direct FX | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |