Forex Financial Services
Saxo Markets
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while Saxo Markets was established in 2012 and is based in Denmark. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. Forex Financial Services serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $2500 at Forex Financial Services and $6500 at Saxo Markets.
| Feature | Forex Financial Services | Saxo Markets |
|---|---|---|
| Min. Deposit | $2500 | $6500 |
| Regulation | Australian Securities and investment Commission (ASIC) | Financial Conduct Authority (FCA) |
| Founded | 2008 | 2012 |
| Country | Australia | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and Saxo Markets, directly affecting your bottom line as a trader. Forex Financial Services has a lower barrier to entry with a minimum deposit of $2500 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Forex Financial Services does not, giving Forex Financial Services an edge for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Forex Financial Services does not. Forex Financial Services charges deposit fees; Saxo Markets does not. The two brokers are broadly comparable on fee structure.
| Feature | Forex Financial Services | Saxo Markets |
|---|---|---|
| Min. Deposit | $2500 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Forex Financial Services 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 Financial Services | 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 | 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 Financial Services and Saxo Markets compare. Saxo Markets has a video library; Forex Financial Services does not. Saxo Markets integrates third-party research tools (Autochartist); Forex Financial Services does not. Saxo Markets scores higher overall in education and research.
| Feature | Forex Financial Services | 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. Forex Financial Services 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 Financial Services | 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 Financial Services 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 Financial Services | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |