Fortrade
Saxo Markets
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while Saxo Markets was established in 2012 and is based in Denmark. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. Fortrade serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $1 at Fortrade and $6500 at Saxo Markets.
| Feature | Fortrade | Saxo Markets |
|---|---|---|
| Min. Deposit | $1 | $6500 |
| Regulation | Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20 | Financial Conduct Authority (FCA) |
| Founded | 1992 | 2012 |
| Country | UK | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and Saxo Markets, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Fortrade does not, giving Fortrade an edge for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Fortrade does not. Fortrade charges deposit fees; Saxo Markets does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | Saxo Markets |
|---|---|---|
| Min. Deposit | $1 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Fortrade offers MT4, 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 Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Fortrade | 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, Binary, 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 Fortrade and Saxo Markets compare. Saxo Markets has a video library; Fortrade does not. Saxo Markets integrates third-party research tools (Autochartist); Fortrade does not. Saxo Markets scores higher overall in education and research.
| Feature | Fortrade | 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. Fortrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while Saxo Markets supports 2 (bank transfer, credit/debit card). Fortrade uniquely supports PayPal and Neteller among the two brokers. Fortrade scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | Saxo Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Fortrade and Saxo Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and Saxo Markets supports 2, giving Saxo Markets broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |