Saxo vs Markets.com 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.
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.
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.
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.
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Year Founded | 1992 | 1999 |
Publicly Traded (Listed) | No | No |
Bank | Yes | No |
Tier-1 Licenses | 7 | 3 |
Tier-2 Licenses | 1 | 1 |
Tier-3 Licenses | 0 | 0 |
Tier-4 Licenses | 0 | 1 |
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.
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Minimum Deposit | $0 | $100 |
Average Spread EUR/USD - Standard | 1.1 | N/A |
All-in Cost EUR/USD - Active | 0.9 | N/A |
Active Trader or VIP Discounts | Yes | Yes |
ACH or SEPA Transfers | No | No |
PayPal (Deposit/Withdraw) | No | No |
Skrill (Deposit/Withdraw) | No | Yes |
Visa/Mastercard (Credit/Debit) | Yes | Yes |
Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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.
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Forex Trading (Spot or CFDs) | Yes | Yes |
Tradeable Symbols (Total) | 70000 | 2179 |
Forex Pairs (Total) | 190 | 57 |
U.S. Stock Trading (Non CFD) | Yes | No |
Int'l Stock Trading (Non CFD) | Yes | No |
Social Trading / Copy Trading | Yes | Yes |
Cryptocurrency (Physical) | No | No |
Cryptocurrency (Derivative) | 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.
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.
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Virtual Trading (Demo) | Yes | Yes |
Proprietary Platform | Yes | Yes |
Desktop Platform (Windows) | Yes | Yes |
Web Platform | Yes | Yes |
Social Trading / Copy Trading | Yes | Yes |
MetaTrader 4 (MT4) | No | Yes |
MetaTrader 5 (MT5) | No | Yes |
DupliTrade | No | No |
ZuluTrade | No | No |
Charting - Indicators / Studies (Total) | 64 | 89 |
Charting - Drawing Tools (Total) | 20 | 4 |
Charting - Trade From Chart | Yes | No |
Watchlists - Total Fields | 60 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
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.
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Android App | Yes | Yes |
Apple iOS App | Yes | Yes |
Mobile Alerts - Basic Fields | Yes | Yes |
Watchlist Syncing | Yes | Yes |
Mobile Charting - Indicators / Studies | 64 | (default on MT4, none on Markets app) |
Mobile Charting - Draw Trendlines | Yes | Yes |
Mobile Charting - Multiple Time Frames | Yes | No |
Mobile Charting - Drawings Autosave | Yes | No |
Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
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.
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Daily Market Commentary | Yes | Yes |
Forex News (Top-Tier Sources) | Yes | Yes |
Autochartist | Yes | No |
Trading Central (Recognia) | No | No |
Social Sentiment - Currency Pairs | Yes | Yes |
TipRanks | No | No |
Signal Centre (Acuity Trading) | No | No |
Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
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 |
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Education (Forex or CFDs) | Yes | No |
Client Webinars | Yes | Yes |
Client Webinars (Archived) | Yes | No |
Videos - Beginner Trading Videos | Yes | Yes |
Videos - Advanced Trading Videos | Yes | Yes |
Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
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.
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Overall Rating |
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Trust Score | 99 | 93 |
Range of Investments |
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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.
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.
Please 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.
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0 of 5Overall Rating | Saxo | Markets.com | |
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Trust Score | 99 | 93 | |
Winner | check_circle | ||
Review | Saxo Review |
Broker Screenshots | Saxo | Markets.com | |
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Trading Platforms Gallery (click to expand) | |||
Mobile Trading Gallery (click to expand) | |||
Research Gallery (click to expand) | |||
Education Gallery (click to expand) |
Regulation | Saxo | Markets.com | |
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Trust Score | 99 | 93 | |
Year Founded | 1992 | 1999 | |
Publicly Traded (Listed) | No | No | |
Bank | Yes | No | |
Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
Tier-1 Licenses | 7 | 3 | |
Tier-2 Licenses | 1 | 1 | |
Tier-3 Licenses | 0 | 0 | |
Tier-4 Licenses | 0 | 1 |
Tier-1 Licenses (Highly Trusted) | Saxo | Markets.com | |
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Australia (ASIC Authorised) | Yes | Yes | |
Canada (CIRO Authorised) | No | No | |
Hong Kong (SFC Authorised) | Yes | No | |
Japan (SFC Authorised) | Yes | No | |
Singapore (MAS Authorised) | Yes | No | |
Switzerland (FINMA Authorised) | Yes | No | |
United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
USA (CFTC Authorized) | No | No | |
New Zealand (FMA Authorised) | No | No | |
Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
Tier-2 Licenses (Trusted) | Saxo | Markets.com | |
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Kenya (CMA Authorised) | No | No | |
Israel (ISA Authorised) | No | No | |
South Africa (FSCA Authorised) | No | Yes | |
UAE (DFSA/Central Bank Authorised) | Yes | No | |
India (SEBI Authorised) | No | No | |
Jordan (JSC Authorised) | No | No |
Investments | Saxo | Markets.com | |
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Forex Trading (Spot or CFDs) | Yes | Yes | |
Tradeable Symbols (Total) | 70000 | 2179 | |
Forex Pairs (Total) | 190 | 57 | |
U.S. Stock Trading (Non CFD) | Yes | No | |
Int'l Stock Trading (Non CFD) | Yes | No | |
Social Trading / Copy Trading | Yes | Yes | |
Cryptocurrency (Physical) | No | No | |
Cryptocurrency (Derivative) | 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 | |
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Average Spread EUR/USD - Standard | 1.1 | N/A | |
All-in Cost EUR/USD - Active | 0.9 | N/A | |
Active Trader or VIP Discounts | Yes | Yes | |
Inactivity Fee | Yes | No | |
Execution: Agency Broker | Yes | No | |
Execution: Market Maker | Yes | Yes |
Funding | Saxo | Markets.com | |
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Minimum Deposit | $0 | $100 | |
PayPal (Deposit/Withdraw) | No | No | |
Skrill (Deposit/Withdraw) | No | Yes | |
Visa/Mastercard (Credit/Debit) | Yes | Yes | |
Bank Wire (Deposit/Withdraw) | Yes | Yes | |
ACH or SEPA Transfers | No | No |
Trading Platforms | Saxo | Markets.com | |
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Proprietary Platform | Yes | Yes | |
Desktop Platform (Windows) | Yes | Yes | |
Web Platform | Yes | Yes | |
Social Trading / Copy Trading | Yes | Yes | |
MetaTrader 4 (MT4) | No | Yes | |
MetaTrader 5 (MT5) | No | Yes | |
cTrader | No | No | |
DupliTrade | No | No | |
ZuluTrade | No | No |
Trading Tools | Saxo | Markets.com | |
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Virtual Trading (Demo) | Yes | Yes | |
Alerts - Basic Fields | Yes | No | |
Watchlists - Total Fields | 60 | 6 | |
Charting - Indicators / Studies (Total) | 64 | 89 | |
Charting - Drawing Tools (Total) | 20 | 4 | |
Charting - Trade From Chart | Yes | No | |
Charts can be saved | Yes | Yes |
Mobile Trading | Saxo | Markets.com | |
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Android App | Yes | Yes | |
Apple iOS App | Yes | Yes | |
Mobile Alerts - Basic Fields | Yes | Yes | |
Mobile Watchlist | Yes | Yes | |
Watchlist Syncing | Yes | Yes | |
Mobile Charting - Indicators / Studies | 64 | (default on MT4, none on Markets app) | |
Mobile Charting - Draw Trendlines | Yes | Yes | |
Mobile Charting - Multiple Time Frames | Yes | No | |
Mobile Charting - Drawings Autosave | Yes | No | |
Mobile Economic Calendar | Yes | No |
Research | Saxo | Markets.com | |
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Daily Market Commentary | Yes | Yes | |
Forex News (Top-Tier Sources) | Yes | Yes | |
Autochartist | Yes | No | |
Trading Central (Recognia) | No | No | |
TipRanks | No | No | |
Social Sentiment - Currency Pairs | Yes | Yes | |
Economic Calendar | Yes | Yes |
Education | Saxo | Markets.com | |
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Education (Forex or CFDs) | Yes | No | |
Client Webinars | Yes | Yes | |
Client Webinars (Archived) | Yes | No | |
Videos - Beginner Trading Videos | Yes | Yes | |
Videos - Advanced Trading Videos | Yes | Yes | |
Investor Dictionary (Glossary) | Yes | No |
Major Forex Pairs | Saxo | Markets.com | |
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GBP/USD | Yes | Yes | |
USD/JPY | Yes | Yes | |
EUR/USD | Yes | Yes | |
USD/CHF | Yes | Yes | |
USD/CAD | Yes | Yes | |
NZD/USD | Yes | No | |
AUD/USD | Yes | Yes | |
Review | Saxo Review |
Overall | Saxo | Markets.com | |
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Mobile Trading |
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Education |
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Trust Score | 99 | 93 | |
Winner | check_circle | ||
Review | Saxo Review |