Saxo Bank vs Markets.com

Saxo Bank vs Markets.com Comparison Table 2024
Saxo Bank Markets.com
4
4.4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.

Markets.com is a respected broker, offering multi-asset trading opportunities through CFDs or spread betting (UK only). Established in 2008, the brand has an impressive 4.3 million registered customers and is overseen by trusted regulators, including the FCA, ASIC and CySEC. 79.1% of retail accounts lose money.

66% of retail accounts lose money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Customer Reviews
4
Comment by Reviewer
"Saxo is best for active traders and high-volume investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders." "Markets.com is best for active traders looking for a regulated broker with low fees and fast execution speeds of 82ms. Beginners will also enjoy the in-house platform with its user-friendly interface, clear navigation and dynamic charts."
Pros
  • Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools
  • High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions'
  • Excellent educational resources including podcasts, webinars and expert-led video insights
  • Access to comprehensive third-party analysis tools including TradingView and Updata
  • The ISA account is highly accessible and flexible with no entry or exit fees
  • Heavily regulated and trustworthy brand based in Switzerland
  • Low fees with premium account tiers
  • Markets.com continues to offer a strong proprietary platform with a TradingView-powered charting interface, pro-level technical analysis and custom alerts
  • Traders can access the MT4 and MT5 software, which offer dozens of technical tools and a huge online community for scripts, bots and custom tools
  • CFD and spread-betting opportunities are available on multiple asset classes including forex, stocks, ETFs, bonds and indices
  • Comprehensive educational content is on offer, especially for beginners, including podcasts, webinars and financial market videos
  • The $10 inactivity fee is only charged after 12 months of no trading activity (many competitors start charging after only 3 months)
  • Markets.com is a trusted broker with oversight from tier-one regulators including the FCA, CySEC and ASIC
  • There are no deposit/withdrawal charges, account registration or order admin costs
  • There's good customer support with responses in <1 minute during testing
  • The low minimum deposit of $100 should appeal to beginners
Cons
  • High funding requirements for the trading accounts
  • Access to Level 2 pricing requires a subscription
  • Clients from some jurisdictions not accepted including the US and Belgium
  • The single retail account option doesn't offer traders any choice of trading conditions, or any additional perks for active trading
  • There are no auto or copy trading terminals outside of the MetaTrader platforms, such as DupliTrade
  • Unlike some top competitors like XM, customer support is not available on the weekend
Awards
  • Best Trading Platform 2020 - FXScouts
  • Runner Up - Best FX Broker 2019 - DayTrading.com
  • Best Forex Provider 2017 - UK Forex Awards
  • Best FX Platform 2017 - UK Forex Awards
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only)
Demo Account
Yes Yes
Minimum Deposit
$100
Trading Platforms
  • TradingView
  • Markets.com Web/App Platform
  • MT4
  • MT5
Payment Methods
Minimum Trade
Vary by asset 0.01 Lots
Regulator
DFSA, MAS, FCA, SFC FCA, CySEC, ASIC, FSCA, FSC
Margin Trading
No Yes
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) iOS, Android
App Review

Markets.com operate MarketsX – the bespoke platform, both on WebTrader and mobile applications. The app, available on android and iOS has been downloaded over a million times.

Android App Rating
4.5
iOS App Rating
3.2
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes Trading Insights
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
  • USD
  • EUR
  • GBP
  • ZAR
  • SEK
  • NOK
  • DKK
  • PLN
  • CZK
  • AED
Stock Exchanges
Commodities
CFD Trading
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. Markets.com offers a strong variety of CFD products, not only covering popular asset classes but also more interesting markets such as IPOs and Bonds. The low fees and educational resources will appeal to beginners, whilst seasoned CFD traders will appreciate the feature-rich charting platforms.
Leverage
1:30 1:30
FTSE Spread
1.2 pts (Variable) 2 pips
GBPUSD Spread
0.7 (var) 1.3 pips (var)
Oil Spread
0.03 0.05
Stocks Spread
0.10% (subject to min commission) 4 pips
Forex Trading
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. Markets.com offers 43 major, minor and exotic currency pairs. The range is around the industry average, though spreads are fairly competitive, starting from 0.6 pips for EUR/USD. There’s also an excellent range of tools and education, including forex calculators and trading videos.
Forex App

Markets.com operate MarketsX – the bespoke platform, both on WebTrader and mobile applications. The app, available on android and iOS has been downloaded over a million times.

GBPUSD Spread
0.7 (varies by region) 1.3 pips (var)
EURUSD Spread
0.2 (varies by region) 0.70 pips (var)
EURGBP Spread
0.6 (varies by region) 1.0 pip (var)
Assets
40+ 67
Cryptocurrency
Trade cryptos against major fiat currencies or take a longer-term view with ETNs. You can open long or short positions 24/7 on 25+ popular digital currencies including Ripple, Bitcoin, Neo and Monera. Spreads on Bitcoin are around 51.13 which is uncompetitive compared to other brands, although the 1:20 leverage will offer greater exposure to the market.
Spread
Variable BTC 88.94 (USD), ETH 5 (USD)
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
  • BTC
  • BCH
  • DASH
  • ETH
  • LTC
  • XRP
  • TRON
  • BAT
  • NEO
  • ADA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
66% of retail accounts lose money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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