Markets.com
Saxo Markets
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Markets.com was founded in 2008 and is headquartered in Cyprus, while Saxo Markets was established in 2012 and is based in Denmark. Markets.com holds licences including Cyprus Securities and Exchange Commission (CySEC), while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. Markets.com serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $250 at Markets.com and $6500 at Saxo Markets.
| Feature | Markets.com | Saxo Markets |
|---|---|---|
| Min. Deposit | $250 | $6500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA) |
| Founded | 2008 | 2012 |
| Country | Cyprus | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Markets.com and Saxo Markets, directly affecting your bottom line as a trader. Markets.com has a lower barrier to entry with a minimum deposit of $250 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Markets.com does not, giving Markets.com an edge for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Markets.com does not. Overall, Markets.com scores higher on fees in our assessment.
| Feature | Markets.com | Saxo Markets |
|---|---|---|
| Min. Deposit | $250 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Markets.com 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 | Markets.com | 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, Web Trader, 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 Markets.com and Saxo Markets compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | Markets.com | 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. Markets.com accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while Saxo Markets supports 2 (bank transfer, credit/debit card). Markets.com uniquely supports PayPal among the two brokers. Markets.com scores higher on deposit and withdrawal flexibility.
| Feature | Markets.com | Saxo Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 Markets.com and Saxo Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Markets.com supports 14 languages and Saxo Markets supports 2, giving Markets.com broader global reach. Both brokers are comparable on support quality.
| Feature | Markets.com | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Norwegian, Polish, Romanian, Russian, Spanish, and Turkish | English, and Chinese |