Saxo Markets
Uphold
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Overview
Saxo Markets was founded in 2012 and is headquartered in Denmark, while Uphold was established in 2013 and is based in United States. Saxo Markets holds licences including Financial Conduct Authority (FCA), while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. Saxo Markets serves 10,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $6500 at Saxo Markets and $1 at Uphold.
| Feature | Saxo Markets | Uphold |
|---|---|---|
| Min. Deposit | $6500 | $1 |
| Regulation | Financial Conduct Authority (FCA) | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 2012 | 2013 |
| Country | Denmark | United States |
| Clients | 10,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between Saxo Markets and Uphold, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Uphold does not, a notable advantage for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Uphold does not. Overall, Uphold scores higher on fees in our assessment.
| Feature | Saxo Markets | Uphold |
|---|---|---|
| Min. Deposit | $6500 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Saxo Markets offers MT4, MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Saxo Markets supports social and copy trading features, which Uphold does not offer. Saxo Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Saxo Markets | Uphold |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Mac, Web Trader, Tablet & Mobile apps | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Saxo Markets and Uphold compare. Uphold runs regular live webinars; Saxo Markets does not. Both provide video tutorials. Saxo Markets integrates third-party research tools (Autochartist); Uphold does not. Uphold maintains an archive of past webinars for on-demand viewing. Saxo Markets scores higher overall in education and research.
| Feature | Saxo Markets | Uphold |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
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 Uphold supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Saxo Markets | Uphold |
|---|---|---|
| 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 Uphold offer live chat support. Saxo Markets offers phone support; Uphold does not. Email support is available at both brokers. Saxo Markets supports 2 languages and Uphold supports 1, giving Saxo Markets broader global reach. Saxo Markets scores higher overall on customer support in our assessment.
| Feature | Saxo Markets | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English |