Saxo Markets
Trade Zero
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Overview
Saxo Markets was founded in 2012 and is headquartered in Denmark, while Trade Zero was established in 2014 and is based in Bahamas. Saxo Markets holds licences including Financial Conduct Authority (FCA), while Trade Zero is regulated by Securities Commission of the Bahamas (SCB) among others. Saxo Markets serves 10,000+ clients worldwide; Trade Zero has 2,000+. The minimum deposit is $6500 at Saxo Markets and $500 at Trade Zero.
| Feature | Saxo Markets | Trade Zero |
|---|---|---|
| Min. Deposit | $6500 | $500 |
| Regulation | Financial Conduct Authority (FCA) | Securities Commission of the Bahamas (SCB) |
| Founded | 2012 | 2014 |
| Country | Denmark | Bahamas |
| Clients | 10,000+ | 2,000+ |
Fees
Fees are a critical factor when choosing between Saxo Markets and Trade Zero, directly affecting your bottom line as a trader. Trade Zero has a lower barrier to entry with a minimum deposit of $500 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Trade Zero does not, a notable advantage for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Trade Zero does not. Overall, Trade Zero scores higher on fees in our assessment.
| Feature | Saxo Markets | Trade Zero |
|---|---|---|
| Min. Deposit | $6500 | $500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Saxo Markets offers MT4, MT5, cTrader, while Trade Zero supports 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. Saxo Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Saxo Markets | Trade Zero |
|---|---|---|
| MT4 | Yes | No |
| 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, Web Trader, 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 Trade Zero compare. Trade Zero runs regular live webinars; Saxo Markets does not. Both provide video tutorials. Trade Zero publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. Trade Zero maintains an archive of past webinars for on-demand viewing. Trade Zero scores higher overall in education and research.
| Feature | Saxo Markets | Trade Zero |
|---|---|---|
| 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 Trade Zero supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Saxo Markets | Trade Zero |
|---|---|---|
| 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 Saxo Markets and Trade Zero 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 | Saxo Markets | Trade Zero |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |