Forex Club
Saxo Markets
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Overview
Forex Club was founded in 2008 and is headquartered in Russia, while Saxo Markets was established in 2012 and is based in Denmark. Forex Club holds licences including Cyprus Securities and Exchange Commission (CySEC), while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. Forex Club serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $100 at Forex Club and $6500 at Saxo Markets.
| Feature | Forex Club | Saxo Markets |
|---|---|---|
| Min. Deposit | $100 | $6500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) |
| Founded | 2008 | 2012 |
| Country | Russia | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Club and Saxo Markets, directly affecting your bottom line as a trader. Forex Club has a lower barrier to entry with a minimum deposit of $100 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Forex Club does not, giving Forex Club an edge for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Forex Club does not. Overall, Forex Club scores higher on fees in our assessment.
| Feature | Forex Club | Saxo Markets |
|---|---|---|
| Min. Deposit | $100 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Forex Club 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 | Forex Club | 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 | MT4,WEB,desktop | 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 Forex Club and Saxo Markets compare. Forex Club runs regular live webinars; Saxo Markets does not. Both provide video tutorials. Forex Club publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. Forex Club maintains an archive of past webinars for on-demand viewing. Forex Club scores higher overall in education and research.
| Feature | Forex Club | 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. Forex Club 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 | Forex Club | 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 Forex Club 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 | Forex Club | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |