ifc markets
Saxo Markets
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Overview
ifc markets was founded in 2016 and is headquartered in Cyprus, while Saxo Markets was established in 2012 and is based in Denmark. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. ifc markets serves 60,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $250 at ifc markets and $6500 at Saxo Markets.
| Feature | ifc markets | Saxo Markets |
|---|---|---|
| Min. Deposit | $250 | $6500 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F259 | Financial Conduct Authority (FCA) |
| Founded | 2016 | 2012 |
| Country | Cyprus | Denmark |
| Clients | 60,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ifc markets and Saxo Markets, directly affecting your bottom line as a trader. ifc markets has a lower barrier to entry with a minimum deposit of $250 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while ifc markets does not, giving ifc markets an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. The two brokers are broadly comparable on fee structure.
| Feature | ifc markets | Saxo Markets |
|---|---|---|
| Min. Deposit | $250 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
ifc markets offers 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 ifc markets does not offer. Saxo Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | ifc markets | Saxo Markets |
|---|---|---|
| MT4 | No | 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 ifc markets and Saxo Markets compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | ifc markets | Saxo Markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ifc markets 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). ifc markets uniquely supports PayPal and Skrill and Neteller among the two brokers. ifc markets scores higher on deposit and withdrawal flexibility.
| Feature | ifc markets | 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 ifc markets and Saxo Markets offer live chat support. Both provide phone support. Email support is available at both brokers. ifc markets supports 8 languages and Saxo Markets supports 2, giving ifc markets broader global reach. Both brokers are comparable on support quality.
| Feature | ifc markets | 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 |