Saxo Markets
Zerodha
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Overview
Saxo Markets was founded in 2012 and is headquartered in Denmark, while Zerodha was established in 2010 and is based in India. Saxo Markets holds licences including Financial Conduct Authority (FCA), while Zerodha is regulated by Securities and Exchange Board of India (SEBI) among others. Saxo Markets serves 10,000+ clients worldwide; Zerodha has 1,500,000+. The minimum deposit is $6500 at Saxo Markets and $0 at Zerodha.
| Feature | Saxo Markets | Zerodha |
|---|---|---|
| Min. Deposit | $6500 | $0 |
| Regulation | Financial Conduct Authority (FCA) | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2012 | 2010 |
| Country | Denmark | India |
| Clients | 10,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between Saxo Markets and Zerodha, directly affecting your bottom line as a trader. Zerodha has a lower barrier to entry with a minimum deposit of $0 (vs $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while Zerodha does not, a notable advantage for frequent withdrawers. Saxo Markets applies inactivity fees on dormant accounts; Zerodha does not. Zerodha charges deposit fees; Saxo Markets does not. Overall, Zerodha scores higher on fees in our assessment.
| Feature | Saxo Markets | Zerodha |
|---|---|---|
| Min. Deposit | $6500 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Saxo Markets offers MT4, MT5, cTrader, while Zerodha supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Saxo Markets supports social and copy trading features, which Zerodha does not offer. The two brokers are closely matched on platform offering.
| Feature | Saxo Markets | Zerodha |
|---|---|---|
| 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 | 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 Zerodha compare. Zerodha runs regular live webinars; Saxo Markets does not. Both provide video tutorials. Zerodha publishes daily market commentary; Saxo Markets does not. Both integrate third-party research tools. Zerodha maintains an archive of past webinars for on-demand viewing. Zerodha scores higher overall in education and research.
| Feature | Saxo Markets | Zerodha |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 Zerodha supports 1 (bank transfer). Saxo Markets uniquely supports credit/debit card among the two brokers. Saxo Markets scores higher on deposit and withdrawal flexibility.
| Feature | Saxo Markets | Zerodha |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| 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 Zerodha offer live chat support. Both provide phone support. Email support is available at both brokers. Saxo Markets supports 2 languages and Zerodha supports 13, giving Zerodha broader global reach. Both brokers are comparable on support quality.
| Feature | Saxo Markets | Zerodha |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |