ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Saxo vs Markets.com 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Saxo vs Markets.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Saxo
5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 99
  • Tradeable Symbols (Total): 70000
Markets.com
4.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 93
  • Tradeable Symbols (Total): 2179

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

When comparing Saxo and Markets.com, both online brokers stand out with their strong regulatory credentials, but there are some distinctions. Founded in 1992, Saxo is not only an established broker but also operates as a bank, enhancing its trust factor for clients. Meanwhile, Markets.com was established in 1999 and is not a bank. Saxo boasts 7 Tier-1 licenses, indicative of a higher level of trust according to ForexBrokers.com, which complements its perfect Trust Score of 99. Markets.com holds 3 Tier-1 licenses and has a commendable Trust Score of 93. Both brokers are non-publicly traded and hold 1 Tier-2 license each, offering substantial security and trust in their trading environments.

Feature Saxo logoSaxo
Markets.com logoMarkets.com
Year Founded info 1992 1999
Publicly Traded (Listed) info No No
Bank info Yes No
Tier-1 Licenses info 7 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

When it comes to commissions and fees, Saxo Bank stands out for its competitive pricing, especially for active traders and those with high-volume trading or large account balances. Saxo offers three types of accounts—Classic, Platinum, and VIP—with varying spreads. As of November 2023, the average spread for the EUR/USD pair is 1.1 pips for Classic accounts, 1.0 for Platinum, and 0.9 for VIP. While Platinum and VIP account pricing align with the industry average, Classic account spreads are slightly higher. Saxo's fee structure is further attractive due to its commission-free forex trading model, with an exception for those trading less than 50,000 units per month. Additionally, Saxo waives custody fees for share trading if traders participate in securities lending.

In contrast, Markets.com does not provide average spread data, making it challenging for traders to directly compare its pricing structure to Saxo's transparent and detailed offerings. Currently, Saxo has a significant edge over Markets.com in this area, boasting a 5-star rating for commissions and fees versus Markets.com's 3.5-star rating. This advantage is reflected in their respective rankings within the industry: Saxo is ranked #9 out of 62 brokers for commissions and fees according to ForexBrokers.com, whereas Markets.com holds the #49 position.

Saxo’s account tiers cater to various trader profiles, with the Classic account having no minimum deposit requirement for new customers, while Platinum demands a $200,000 minimum, and VIP requires either a $1,000,000 deposit or significant trading volume. This tiered system allows traders to benefit from reduced pricing and exclusive perks as they increase their trading activity or capital. Though both brokers present viable options, Saxo clearly offers a more attractive commission and fee structure for those who meet the criteria for its advanced account tiers.

Feature Saxo logoSaxo
Markets.com logoMarkets.com
Minimum Deposit info $0 $100
Average Spread EUR/USD - Standard info 1.1 info N/A info
All-in Cost EUR/USD - Active info 0.9 info N/A info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the investment options between Saxo and Markets.com, Saxo clearly leads with an extensive range of 70,000 tradeable symbols, significantly outpacing Markets.com's 2,179 symbols. Saxo provides access to a wider selection of forex pairs, offering 190 compared to Markets.com's 57. Investors looking to trade actual U.S. and international exchange-traded securities will find Saxo more accommodating, as Markets.com does not offer this option. Both platforms provide forex trading as CFDs or spot contracts, and they also allow users to trade cryptocurrency derivatives. However, neither broker supports purchasing actual cryptocurrencies.

In terms of additional features, both Saxo and Markets.com support copy trading, giving users the option to mimic successful trades. Despite these similarities, Saxo's extensive investment range is reflected in its higher ratings and industry recognition, receiving 5 stars for its range of investments and securing the #3 spot among 62 brokers. In contrast, Markets.com received a 4-star rating and ranks #29 in the same category. Overall, Saxo's broader investment choices make it a more appealing option for those seeking a wider market reach.

Feature Saxo logoSaxo
Markets.com logoMarkets.com
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 70000 2179
Forex Pairs (Total) info 190 57
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

Saxo and Markets.com both offer a variety of trading platforms catering to different user preferences, including proprietary platforms developed in-house, web-based platforms, and Windows desktop applications. Both brokers provide access to virtual demo accounts for practice trading, which is a boon for beginners looking to hone their skills without financial risk. Saxo and Markets.com also support copy trading, allowing users to mimic the trades of successful investors. However, Saxo stands apart as it doesn't offer MetaTrader 4 (MT4) or MetaTrader 5 (MT5), popular platforms available at Markets.com. Neither broker supports DupliTrade or ZuluTrade, adding to the emphasis on their respective proprietary platforms.

When diving into the details, Saxo shines with 20 drawing tools available for charting and a comprehensive watch list feature supporting 60 columns. Markets.com, on the other hand, offers only 4 drawing tools and 6 columns for watch lists. Another notable difference is Saxo's feature allowing trades directly from stock charts, which isn't available on Markets.com. In terms of ratings, Saxo is the superior choice, receiving 5 stars and ranking first among 62 brokers for trading platforms and tools by ForexBrokers.com. In contrast, Markets.com earned a respectable 4-star rating but is ranked 26th in the same category.

Feature Saxo logoSaxo
Markets.com logoMarkets.com
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 64 89
Charting - Drawing Tools (Total) info 20 4
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 60 6
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Saxo and Markets.com both provide mobile trading apps for iPhone and Android devices, enabling convenient access to trade on the go. Both platforms allow users to receive stock or forex price alerts and sync watchlist symbols between the mobile app and online accounts. However, when it comes to charting tools, Saxo stands out with the availability of 64 technical studies, trendline drawing capabilities, the option to view various time frames, and automatic saving of chart drawings. In contrast, Markets.com offers fewer charting options, with none available on its native Markets app and default options only on MT4.

Both platforms support creating watchlists with real-time quotes, catering to active traders. When rated, Saxo receives an impressive 5-star rating for its mobile trading apps, while Markets.com achieves a respectable 4 stars. According to ForexBrokers.com, Saxo is ranked #2 among 62 brokers in the Mobile Trading Apps category, highlighting its superior mobile experience. In comparison, Markets.com is placed at #33. While both apps offer valuable trading features, Saxo delivers a more comprehensive mobile trading experience.

Feature Saxo logoSaxo
Markets.com logoMarkets.com
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 64 (default on MT4, none on Markets app)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes No
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing Saxo and Markets.com for market research offerings, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. Saxo stands out by offering technical analysis and fundamental research tools from Autochartist, which Markets.com lacks. Both platforms incorporate sentiment-based trading tools to indicate market positions, but neither uses research from TipRanks or Acuity Trading.

Both Saxo and Markets.com feature economic calendars that display global news events, guiding traders with valuable insights. In terms of research quality, Saxo outshines Markets.com with a 5-star rating and holds the top position out of 62 brokers evaluated by ForexBrokers.com. In contrast, Markets.com achieves a 4-star rating and ranks 17th. Saxo's comprehensive tools and superior ranking make it a preferred choice for traders who prioritize in-depth market research.

Feature Saxo logoSaxo
Markets.com logoMarkets.com
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing the educational resources for beginners between Saxo and Markets.com, Saxo stands out by offering a rich array of learning materials. Saxo provides more than 10 diverse pieces on forex or CFDs education, including articles, videos, and archived webinars, making it a solid choice for those new to trading. In addition, Saxo hosts regular monthly webinars and maintains a searchable archive of past sessions, enhancing its accessibility for continuous learning. Furthermore, Saxo includes both basic and advanced educational videos targeted at different skill levels, along with a comprehensive investor dictionary featuring over 50 investing term definitions.

On the other hand, Markets.com also offers valuable resources but with some limitations compared to Saxo. While Markets.com hosts monthly educational webinars and offers videos for both beginners and advanced traders, it does not provide a searchable archive for webinar content. It also lacks a dictionary with investing term definitions and fewer resources focused entirely on forex or CFDs education. In reviews, Saxo is rated higher with a five-star education score and ranks 13th in education out of 62 brokers on ForexBrokers.com, whereas Markets.com secures a four-star rating and is ranked 34th. These differences highlight Saxo's stronger commitment to comprehensive educational support for novice traders.

Feature Saxo logoSaxo
Markets.com logoMarkets.com
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that Saxo is better than Markets.com. Saxo finished with an overall rank of #3, while Markets.com finished with an overall rank of #23.

Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.

Feature Saxo logoSaxo
Markets.com logoMarkets.com
Overall Rating info 5/5 Stars 4.5/5 Stars
Trust Score info 99 93
Range of Investments 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with Saxo or Markets.com?

Both Saxo and Markets.com do not offer the option to purchase actual cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives, allowing investors to speculate on price movements without owning the underlying asset.

What funding options does each broker offer?

Both Saxo and Markets.com facilitate deposits and withdrawals using Visa, Mastercard, and bank wires, but only Markets.com additionally supports transactions via Skrill, while neither platform offers options for ACH, SEPA, or PayPal transfers.




announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

Select Brokers

×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFinecoBank
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxTeleTrade
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
Overall Rating Saxo Markets.com
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 99 93
Winner check_circle
Review Saxo Review
Broker Screenshots Saxo Markets.com
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation Saxo Markets.com
Trust Score info 99 93
Year Founded info 1992 1999
Publicly Traded (Listed) info No No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) Saxo Markets.com
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info Yes No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) Saxo Markets.com
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info Yes info No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Saxo Markets.com
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 70000 2179
Forex Pairs (Total) info 190 57
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost Saxo Markets.com
Average Spread EUR/USD - Standard info 1.1 info N/A info
All-in Cost EUR/USD - Active info 0.9 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding Saxo Markets.com
Minimum Deposit info $0 $100
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms Saxo Markets.com
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools Saxo Markets.com
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 60 6
Charting - Indicators / Studies (Total) info 64 89
Charting - Drawing Tools (Total) info 20 4
Charting - Trade From Chart info Yes No
Charts can be saved info Yes Yes
Mobile Trading Saxo Markets.com
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 64 (default on MT4, none on Markets app)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes No
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes No
Research Saxo Markets.com
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education Saxo Markets.com
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs Saxo Markets.com
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes No
AUD/USD info Yes Yes
Review Saxo Review
Overall Saxo Markets.com
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 99 93
Winner check_circle
Review Saxo Review
arrow_upward

close