Saxo Markets
Teletrade
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 Teletrade was established in 2008 and is based in Cyprus. Saxo Markets holds licences including Financial Conduct Authority (FCA), while Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Saxo Markets serves 10,000+ clients worldwide; Teletrade has 50,000+. The minimum deposit is $6500 at Saxo Markets and $100 at Teletrade.
| Feature | Saxo Markets | Teletrade |
|---|---|---|
| Min. Deposit | $6500 | $100 |
| Regulation | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 2012 | 2008 |
| Country | Denmark | Cyprus |
| Clients | 10,000+ | 50,000+ |
Fees
Fees are a critical factor when choosing between Saxo Markets and Teletrade, directly affecting your bottom line as a trader. Teletrade has a lower barrier to entry with a minimum deposit of $100 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Teletrade does not, a notable advantage for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Teletrade does not. Overall, Teletrade scores higher on fees in our assessment.
| Feature | Saxo Markets | Teletrade |
|---|---|---|
| Min. Deposit | $6500 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Saxo Markets offers MT4, MT5, cTrader, while Teletrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Saxo Markets supports social and copy trading features, which Teletrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Saxo Markets | Teletrade |
|---|---|---|
| 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, Web Trader, Tablet & Mobile apps (Ios & Android) |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Saxo Markets and Teletrade compare. Teletrade runs regular live webinars; Saxo Markets does not. Both provide video tutorials. Teletrade publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. Teletrade maintains an archive of past webinars for on-demand viewing. Teletrade scores higher overall in education and research.
| Feature | Saxo Markets | Teletrade |
|---|---|---|
| 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 Teletrade supports 2 (Skrill, Neteller). Saxo Markets uniquely supports bank transfer and credit/debit card among the two brokers. Teletrade uniquely supports Skrill and Neteller among the two brokers. Saxo Markets scores higher on deposit and withdrawal flexibility.
| Feature | Saxo Markets | Teletrade |
|---|---|---|
| Bank Transfer | Yes | No |
| Credit Card | Yes | No |
| PayPal | No | No |
| 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 Teletrade offer live chat support. Both provide phone support. Email support is available at both brokers. Saxo Markets supports 2 languages and Teletrade supports 15, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Saxo Markets | Teletrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |