Saxo Bank vs Fullerton Markets - Fees Review included
Which broker is better Saxo Bank or Fullerton Markets? Our expert assessment conducted according to TU’s own methodology showed that Saxo Bank is one of the top brokers in the financial market with the TU Overall Score of 7.04 out of 10. Fullerton Markets is one of the top brokers in the financial market with the TU Overall Score of 3.87 out of 10. Find out more about TU Overall Score.
| Feature | Saxo Bank | Fullerton Markets |
|---|---|---|
Overall |
4.5 |
3.6 |
4.8 |
1.8 |
|
4.6 |
2.1 |
|
5 |
3.5 |
|
Investment Instruments |
4.2 |
4.6 |
Platforms and Charting Tools |
4.6 |
4.5 |
Deposit and Withdrawal |
4.0 |
4.7 |
Research |
5 |
3.6 |
Education |
3.6 |
3.5 |
Support |
4.4 |
3.9 |
Bonuses |
3.6 |
2.2 |
|
|
|
Saxo Bank vs Fullerton Markets: Pros and Cons
The SaxoBank brokerage company was founded in 1992 under the original name Midas. In 2001, the broker was licensed by the FSA, a Danish Financial Supervisory Authority. After that, the company changed its name to SaxoBank. Today the broker provides online access to various financial markets to clients from 170 countries. The broker's divisions also have licenses from FCA (UK), ASIC (Australia), and licenses from other regulators.
Fullerton Markets is a Forex broker that provides its clients with the possibility to trade currency pairs, metals, oil, and indices. You can also earn passive income through one of its investment programs. The broker primarily works with clients and traders from the Asia-Pacific region. Fullerton Markets received 14 awards over the past 3 years, including Best FX Broker (2019), Best Safety Broker (2019), and Best Social Trading Platform (2020).
| Saxo Bank | Fullerton Markets | |
|---|---|---|
| Overall Pros | favorable trading terms for professional traders with at least 1 year of experience | the trading tools on the company’s website are free of charge |
| over 71 thousand instruments for trading | in most cases, the broker pays the commission for deposits and withdrawals | |
| the opportunity to invest in ready-to-use long-term portfolios managed by professionals | the company offers investment programs | |
| there is negative balance protection | ||
| you can open an Islamic account without swaps | ||
| support service works round the clock. | ||
| Overall Cons | Cent accounts are not available | The broker is not regulated by third parties. |
| a ban on algorithmic trading for traders from abroad | High ECN fees | |
| you cannot contact support in the online chat on the company's website (The chat is available only after full registration on the broker’s website and passing KYC). | Islamic account holders cannot open MAM accounts. |
Saxo Bank vs Fullerton Markets: Safety and Regulation
| Regulated By: | Saxo Bank | Fullerton Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
Yes |
No |
Other Regulators |
DFSA (Denmark) , and other European regulators |
SVGFSA |
Saxo Bank vs Fullerton Markets: Trading Conditions
| Trading Conditions | Saxo Bank | Fullerton Markets |
|---|---|---|
Minimum Deposit |
$0 |
$100 |
Trading Platforms |
SaxoTraderGo, SaxoTraderPro |
Fullerton Markets MetaTrader 4, MetaTrader 5 |
Max Leverage (Futures) |
1-30 |
1-500 |
Supported Markets |
Forex, CFDs, stocks, ETFs, futures, bonds, Forex options, quoted options, Mutual Funds, Options |
Currency pairs, metals, indices, oil |
Trading assets |
71000+ |
200+ |
Trading Accounts |
Classic, Platinum, VIP, Professional |
Floating, ECN-spread, fixed |
Base Account Currencies |
USD, EUR |
USD, EUR, SGD |
Saxo Bank vs Fullerton Markets: Fees
Forex Trading Fees
| Fee | Saxo Bank | Fullerton Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
0.7 pips |
No data |
Standard Account Fee |
$0 |
No data |
ECN/STP Account Fee |
Not supported |
$10 per lot |
ECN Account EUR Average Spread |
Not supported |
0.2 pips |
CFD Trading Fees
| Fee | Saxo Bank | Fullerton Markets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Fixed or floating spread |
Non-Trading Fees
| Fee | Saxo Bank | Fullerton Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
100% covered by Fullerton Markets |
Withdrawal Fee |
No |
100% covered by Fullerton Markets |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Saxo Bank vs Fullerton Markets: Trading Assets
| Asset Name | Saxo Bank | Fullerton Markets |
|---|---|---|
Overall |
71000+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes |
Yes |
Cryptocurrencies |
Yes |
|
Energy |
Yes |
Yes |
Indices |
Yes |
Yes |
ETFs |
Yes |
No |
Bonds |
Yes |
No |
Mutual funds |
Yes |
No |
Stock options |
Yes |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
Saxo Bank or Fullerton Markets: Investment Programs
| Asset Name | Saxo Bank | Fullerton Markets |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
Yes |
No |
Other |
No |
No |
Trading Platforms: Fullerton Markets or Saxo Bank
| Saxo Bank | Fullerton Markets | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
SaxoTraderGo, SaxoTrader Pro |
No |
Others |
No |
No |
|
|
|
Saxo Bank vs Fullerton Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Saxo Bank | Fullerton Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
No |
Yes |
Saxo Bank vs Fullerton Markets: Research
| Research Type | Saxo Bank | Fullerton Markets |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
Saxo Bank vs Fullerton Markets: Education
| Education Type | Saxo Bank | Fullerton Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
No |
No |
Videos |
No |
Yes |
Cent account |
No |
No |
Fullerton Markets vs Saxo Bank: Support
| Support Features | Saxo Bank | Fullerton Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
No |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Saxo Bank vs Fullerton Markets: Forex Bonuses and Promo
| Promo | Saxo Bank | Fullerton Markets |
|---|---|---|
Forex Bonus |
No |
The broker credits traders with a bonus every time a trading account is funded. The amount of the bonus depends on the level that the client has reached in the bonus program. There are 6 levels in total: for the first $10,000, users receive a 10% bonus; for the second $10,000, it's 25%; for the third, it's 20%; for the fourth, it's15%, and for the fifth, it's10%. At the sixth level, the size of the bonus reaches 8%. Upon an initial deposit of $100,000, the trader will receive a $12,000 bonus. |
Affiliate Program |
“Member gets member” represents a remuneration accrual for attracting new clients who have replenished a trading deposit at least once. When replenishing from $10,000, the partner gets $500; from $200,000 - $1,000; from $1,000,000 - $3,000 |
There are three types of affiliate programs: Introducing Broker (IB), Money Manager and White Label |
Other Promos |
Accrual of points for account replenishment and qualified transactions. Once you have collected enough points, you will be promoted to a higher account level, allowing you to improve your trading conditions. |
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|
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Top 5 Reviews on Fullerton Markets
-
Comment
In general, I can say different things about Fullerton Markets. It offers good trading conditions with a fast platform. But also, there are trading and withdrawal fees. Requotes also occur when opening trades, although they are rare. Fullerton Markets withdraws money, there is nothing bad to say here.
-
Comment
The biggest negative thing about Fullerton Markets is that they are registered offshore. This, of course, can cause mistrust among potential users and traders. But I have already been trading with this broker for the second year. I have withdrawn profits from my Fullerton Markets account several times, and the money arrived on my bank card within four days. This is a reasonable withdrawal period. Trading is standard at Fullerton Markets. There are small slippages and widening of spreads. But it is possible to make a profit.
-
Comment
Fullerton markets support will never help you in any way, no matter what happens! The broker is often blocked from entering the market at news releases, even with a minimum volume of 0.01 lots. Trades cannot be opened. The platform is also unstable. Technical support ignores my questions and complaints. I do not recommend Fullerton markets.
-
Comment
Trading with Fullerton Markets is very much like a casino because you don't know how the platform will behave at any given moment. What's even worse is that the company has absolved itself of responsibility for software glitches. That's the impression I got from Fullerton Markets' customer support. It seems the company has no intention of making changes; the regulations state that clients bear all the risks, including those related to the software.
-
Comment
I was looking for a broker for active trading. I found information about Fullerton Markets on the internet. Some reviews said that this particular broker was reliable for active trading. Now I understand that all these reviews were either a scam, or they were written by Fullerton Markets staff. Active trading isn’t possible here.
Top 5 Reviews on Saxo Bank
-
Comment
Saxo Bank is well-known due to its technological solutions for online trading. So I decided to try it. Its SaxoTraderGO platform offers a wide range of features, including charts and analytical instruments, fast order execution, and access to real-time market data. However, SaxoTradePRO was too complicated for me. The broker offers a wide range of financial instruments. And you can use one platform to work on global stock exchanges and to trade CFDs and Forex. The minimum fee for trading stocks is $1.
-
Comment
Saxo Bank is well-known due to its technological solutions for online trading. So I decided to try it. Its SaxoTraderGO platform offers a wide range of features, including charts and analytical instruments, fast order execution, and access to real-time market data. However, SaxoTradePRO was too complicated for me. The broker offers a wide range of financial instruments. And you can use one platform to work on global stock exchanges and to trade CFDs and Forex. The minimum fee for trading stocks is $1.
-
Comment
Saxo Bank provides a personalized approach to client services and offers a wide range of financial services that include asset management and consulting. Moreover, it provides high-quality educational materials and market research that help me make informed investment decisions. I participated in webinars several times and also listened to podcasts with Saxo Bank experts. I use SaxoTraderGO for trading and SaxoInvestor for long-term investment.
-
Comment
Saxo Bank is a broker with favorable conditions, offering over forty thousand trading instruments, ready-made portfolios, and a professional platform. However, for novice traders, the conditions of this broker may be challenging. Saxo Bank requires a high initial deposit, floating spreads, commissions depending on trading volumes, and maximum leverage up to 1:40. I think this broker is more suitable for experienced traders.
-
Comment
Being a licensed bank and broker, Saxo Bank complies with strict security and regulation standards. These include client data protection, transaction transparency, and compliance with financial rules. Money is transferred without delays or additional expenses, except for bank fees. Support in a live chat of the trading platform is prompt, and chat operators respond within 5 minutes. Personal consultations are available. Saxo Bank provides direct access to markets, therefore orders are always executed promptly.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.