Saxo Markets
sucden financial
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Saxo Markets was founded in 2012 and is headquartered in Denmark, while sucden financial was established in 2011 and is based in Puerto Rico. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Saxo Markets serves 10,000+ clients worldwide; sucden financial has 200,000+. The minimum deposit is $6500 at Saxo Markets and $250 at sucden financial.
| Feature | Saxo Markets | sucden financial |
|---|---|---|
| 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-F314 |
| Founded | 2012 | 2011 |
| Country | Denmark | Puerto Rico |
| Clients | 10,000+ | 200,000+ |
Fees
Fees are a critical factor when choosing between Saxo Markets and sucden financial, directly affecting your bottom line as a trader. sucden financial 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; sucden financial does not. sucden financial charges deposit fees; Saxo Markets does not. The two brokers are broadly comparable on fee structure.
| Feature | Saxo Markets | sucden financial |
|---|---|---|
| Min. Deposit | $6500 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Saxo Markets offers MT4, MT5, cTrader, while sucden financial 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 | sucden financial |
|---|---|---|
| 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 sucden financial compare. sucden financial runs regular live webinars; Saxo Markets does not. Both provide video tutorials. sucden financial publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. sucden financial maintains an archive of past webinars for on-demand viewing. sucden financial scores higher overall in education and research.
| Feature | Saxo Markets | sucden financial |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 sucden financial supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). sucden financial uniquely supports PayPal and Skrill and Neteller among the two brokers. sucden financial scores higher on deposit and withdrawal flexibility.
| Feature | Saxo Markets | sucden financial |
|---|---|---|
| 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 sucden financial offer live chat support. Both provide phone support. Email support is available at both brokers. Saxo Markets supports 2 languages and sucden financial supports 8, giving sucden financial broader global reach. Both brokers are comparable on support quality.
| Feature | Saxo Markets | sucden financial |
|---|---|---|
| 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 |