OptionWeb
Saxo Markets
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Overview
OptionWeb was founded in 2012 and is headquartered in Cyprus, while Saxo Markets was established in 2012 and is based in Denmark. OptionWeb holds licences including Cyprus Securities and Exchange Commission (CySEC), while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. OptionWeb serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $200 at OptionWeb and $6500 at Saxo Markets.
| Feature | OptionWeb | Saxo Markets |
|---|---|---|
| Min. Deposit | $200 | $6500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) |
| Founded | 2012 | 2012 |
| Country | Cyprus | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between OptionWeb and Saxo Markets, directly affecting your bottom line as a trader. OptionWeb has a lower barrier to entry with a minimum deposit of $200 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while OptionWeb does not, giving OptionWeb an edge for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; OptionWeb does not. Overall, OptionWeb scores higher on fees in our assessment.
| Feature | OptionWeb | Saxo Markets |
|---|---|---|
| Min. Deposit | $200 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
OptionWeb 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 OptionWeb does not offer. Saxo Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | OptionWeb | 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 | 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 OptionWeb and Saxo Markets compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | OptionWeb | 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. OptionWeb accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Saxo Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | OptionWeb | Saxo Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | 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 OptionWeb and Saxo Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | OptionWeb | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |