Saxo Markets
selftrade
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Overview
Saxo Markets was founded in 2012 and is headquartered in Denmark, while selftrade was established in 2013 and is based in Australia. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Saxo Markets serves 10,000+ clients worldwide; selftrade has 14,000,000+. The minimum deposit is $6500 at Saxo Markets and $250 at selftrade.
| Feature | Saxo Markets | selftrade |
|---|---|---|
| Min. Deposit | $6500 | $250 |
| Regulation | Financial Conduct Authority (FCA) | 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-F304 |
| Founded | 2012 | 2013 |
| Country | Denmark | Australia |
| Clients | 10,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between Saxo Markets and selftrade, directly affecting your bottom line as a trader. selftrade has a lower barrier to entry with a minimum deposit of $250 (vs $6500 at Saxo Markets). Both brokers charge withdrawal fees. Saxo Markets applies inactivity fees on dormant accounts; selftrade does not. selftrade charges deposit fees; Saxo Markets does not. The two brokers are broadly comparable on fee structure.
| Feature | Saxo Markets | selftrade |
|---|---|---|
| Min. Deposit | $6500 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Saxo Markets offers MT4, MT5, cTrader, while selftrade 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 | Saxo Markets | selftrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Saxo Markets and selftrade compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | Saxo Markets | selftrade |
|---|---|---|
| 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. Saxo Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while selftrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). selftrade uniquely supports PayPal and Skrill and Neteller among the two brokers. selftrade scores higher on deposit and withdrawal flexibility.
| Feature | Saxo Markets | selftrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Saxo Markets and selftrade offer live chat support. Both provide phone support. Email support is available at both brokers. Saxo Markets supports 2 languages and selftrade supports 8, giving selftrade broader global reach. Both brokers are comparable on support quality.
| Feature | Saxo Markets | selftrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |