Roboforex
Saxo Markets
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Overview
Roboforex was founded in 2009 and is headquartered in Belize, while Saxo Markets was established in 2012 and is based in Denmark. Roboforex holds licences including RoboForex Ltd is a financial brokerage company regulated by the FSC, while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. Roboforex serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $1 at Roboforex and $6500 at Saxo Markets.
| Feature | Roboforex | Saxo Markets |
|---|---|---|
| Min. Deposit | $1 | $6500 |
| Regulation | RoboForex Ltd is a financial brokerage company regulated by the FSC, license No. 000138/437, reg. number 128.572. Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize. | Financial Conduct Authority (FCA) |
| Founded | 2009 | 2012 |
| Country | Belize | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Roboforex and Saxo Markets, directly affecting your bottom line as a trader. Roboforex has a lower barrier to entry with a minimum deposit of $1 (vs $6500 at Saxo Markets). Both brokers charge withdrawal fees. Saxo Markets applies inactivity fees on dormant accounts; Roboforex does not. Overall, Roboforex scores higher on fees in our assessment.
| Feature | Roboforex | Saxo Markets |
|---|---|---|
| Min. Deposit | $1 | $6500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Roboforex 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. Roboforex edges ahead on platform breadth and functionality in our scoring.
| Feature | Roboforex | 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, 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 Roboforex and Saxo Markets compare. Roboforex runs regular live webinars; Saxo Markets does not. Both provide video tutorials. Roboforex publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. Roboforex maintains an archive of past webinars for on-demand viewing. Roboforex scores higher overall in education and research.
| Feature | Roboforex | Saxo Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Roboforex accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while Saxo Markets supports 2 (bank transfer, credit/debit card). Roboforex uniquely supports Neteller among the two brokers. Roboforex scores higher on deposit and withdrawal flexibility.
| Feature | Roboforex | Saxo Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | 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 Roboforex and Saxo Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Roboforex supports 13 languages and Saxo Markets supports 2, giving Roboforex broader global reach. Both brokers are comparable on support quality.
| Feature | Roboforex | Saxo Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, and Chinese |