FreshForex
Saxo Markets
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
FreshForex was founded in 2004 and is headquartered in Russia, while Saxo Markets was established in 2012 and is based in Denmark. FreshForex holds licences including SVGFSA 20623 IBC 2012, while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. FreshForex serves 710,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $1 at FreshForex and $6500 at Saxo Markets.
| Feature | FreshForex | Saxo Markets |
|---|---|---|
| Min. Deposit | $1 | $6500 |
| Regulation | SVGFSA 20623 IBC 2012 | Financial Conduct Authority (FCA) |
| Founded | 2004 | 2012 |
| Country | Russia | Denmark |
| Clients | 710,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FreshForex and Saxo Markets, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while FreshForex does not, giving FreshForex an edge for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; FreshForex does not. Overall, FreshForex scores higher on fees in our assessment.
| Feature | FreshForex | Saxo Markets |
|---|---|---|
| Min. Deposit | $1 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FreshForex offers MT4, MT5, a proprietary platform, while Saxo Markets supports MT4, MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. Saxo Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | FreshForex | Saxo Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5, Windows, MAC, Linux | 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 FreshForex and Saxo Markets compare. FreshForex runs regular live webinars; Saxo Markets does not. Both provide video tutorials. FreshForex publishes daily market commentary; Saxo Markets does not. Saxo Markets integrates third-party research tools (Autochartist); FreshForex does not. FreshForex maintains an archive of past webinars for on-demand viewing. FreshForex scores higher overall in education and research.
| Feature | FreshForex | Saxo Markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | 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. FreshForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while Saxo Markets supports 2 (bank transfer, credit/debit card). FreshForex uniquely supports Skrill and Neteller among the two brokers. FreshForex scores higher on deposit and withdrawal flexibility.
| Feature | FreshForex | Saxo Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | 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 FreshForex and Saxo Markets offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex supports 1 language and Saxo Markets supports 2, giving Saxo Markets broader global reach. Both brokers are comparable on support quality.
| Feature | FreshForex | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |