Saxo Markets
Zacks Trade
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Overview
Saxo Markets was founded in 2012 and is headquartered in Denmark, while Zacks Trade was established in 2008 and is based in United States. Saxo Markets holds licences including Financial Conduct Authority (FCA), while Zacks Trade is regulated by Unregulated among others. Saxo Markets serves 10,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $6500 at Saxo Markets and $2500 at Zacks Trade.
| Feature | Saxo Markets | Zacks Trade |
|---|---|---|
| Min. Deposit | $6500 | $2500 |
| Regulation | Financial Conduct Authority (FCA) | Unregulated |
| Founded | 2012 | 2008 |
| Country | Denmark | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Saxo Markets and Zacks Trade, directly affecting your bottom line as a trader. Zacks Trade has a lower barrier to entry with a minimum deposit of $2500 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Zacks Trade does not, a notable advantage for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Zacks Trade does not. Zacks Trade charges deposit fees; Saxo Markets does not. The two brokers are broadly comparable on fee structure.
| Feature | Saxo Markets | Zacks Trade |
|---|---|---|
| Min. Deposit | $6500 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Saxo Markets offers MT4, MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Saxo Markets supports social and copy trading features, which Zacks Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | Saxo Markets | Zacks Trade |
|---|---|---|
| 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 | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Saxo Markets and Zacks Trade compare. Zacks Trade runs regular live webinars; Saxo Markets does not. Both provide video tutorials. Zacks Trade publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. Zacks Trade maintains an archive of past webinars for on-demand viewing. Zacks Trade scores higher overall in education and research.
| Feature | Saxo Markets | Zacks Trade |
|---|---|---|
| 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 Zacks Trade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Saxo Markets | Zacks Trade |
|---|---|---|
| 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 Zacks Trade 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 | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |