freetrade
Saxo Markets
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
freetrade was founded in 2016 and is headquartered in United Kingdom, while Saxo Markets was established in 2012 and is based in Denmark. freetrade holds licences including Financial Conduct Authority. Registered in England and Wales (no. 09797821), while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. freetrade serves 890,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $0 at freetrade and $6500 at Saxo Markets.
| Feature | freetrade | Saxo Markets |
|---|---|---|
| Min. Deposit | $0 | $6500 |
| Regulation | Financial Conduct Authority. Registered in England and Wales (no. 09797821) | Financial Conduct Authority (FCA) |
| Founded | 2016 | 2012 |
| Country | United Kingdom | Denmark |
| Clients | 890,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between freetrade and Saxo Markets, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while freetrade does not, giving freetrade an edge for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; freetrade does not. Overall, freetrade scores higher on fees in our assessment.
| Feature | freetrade | Saxo Markets |
|---|---|---|
| Min. Deposit | $0 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
freetrade offers MT4, MT5, cTrader, a proprietary platform, 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. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | freetrade | 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 freetrade and Saxo Markets compare. freetrade runs regular live webinars; Saxo Markets does not. Both provide video tutorials. freetrade publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. freetrade maintains an archive of past webinars for on-demand viewing. freetrade scores higher overall in education and research.
| Feature | freetrade | 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. freetrade accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Saxo Markets supports 2 (bank transfer, credit/debit card). freetrade uniquely supports PayPal and Skrill and Neteller among the two brokers. freetrade scores higher on deposit and withdrawal flexibility.
| Feature | freetrade | Saxo Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | 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 freetrade and Saxo Markets offer live chat support. Both provide phone support. Email support is available at both brokers. freetrade supports 8 languages and Saxo Markets supports 2, giving freetrade broader global reach. Both brokers are comparable on support quality.
| Feature | freetrade | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |