Saxo Markets
Xtrade
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Overview
Saxo Markets was founded in 2012 and is headquartered in Denmark, while Xtrade was established in 2003 and is based in Australia. Saxo Markets holds licences including Financial Conduct Authority (FCA), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Saxo Markets serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $6500 at Saxo Markets and $1 at Xtrade.
| Feature | Saxo Markets | Xtrade |
|---|---|---|
| Min. Deposit | $6500 | $1 |
| Regulation | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2012 | 2003 |
| Country | Denmark | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Saxo Markets and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; Saxo Markets does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Saxo Markets | Xtrade |
|---|---|---|
| Min. Deposit | $6500 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Saxo Markets offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Saxo Markets supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Saxo Markets | Xtrade |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Saxo Markets and Xtrade compare. Saxo Markets has a video library; Xtrade does not. Saxo Markets integrates third-party research tools (Autochartist); Xtrade does not. Saxo Markets scores higher overall in education and research.
| Feature | Saxo Markets | Xtrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| 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 uniquely supports bank transfer and credit/debit card among the two brokers. Saxo Markets scores higher on deposit and withdrawal flexibility.
| Feature | Saxo Markets | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
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 Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Saxo Markets offers multilingual support. Both brokers are comparable on support quality.
| Feature | Saxo Markets | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |