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Baraka vs Saxo: fees, markets and protection

Facts for both companies from their official pages; each was checked on the date shown in its review.

Facts verified on October 18, 2026

Key differences

Only Baraka lists Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM).
Only Saxo lists Toronto Stock Exchange, London Stock Exchange, Xetra (Deutsche Börse), Euronext, SIX Swiss Exchange, Johannesburg Stock Exchange (JSE), and Hong Kong Exchanges (HKEX).
Only Baraka is licensed by DFSA.
Only Saxo is licensed by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB.

Criterion	Baraka	Saxo
Rating	3.5/5 on other platforms 1.6K ratings	4.2/5 on other platforms 9.9K ratings
Regulators	DFSA	Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, CONSOB
Minimum deposit	$50	No minimum
Markets	US exchanges (NYSE, Nasdaq), Abu Dhabi Securities Exchange (ADX), Dubai Financial Market (DFM)	US exchanges (NYSE, Nasdaq), Toronto Stock Exchange, London Stock Exchange, Xetra (Deutsche Börse), Euronext +3
Products	stocks, ETFs, fractional shares, options	stocks, ETFs, bonds, options, funds
US stock or ETF order	$1 per order	0.08% of the order, minimum $1
Investor protection	SIPC	Danish Guarantee Fund (cash deposits), Danish Guarantee Fund (securities not returned)
Deposits and withdrawals	Visa / Mastercard, Bank transfer	Bank transfer, Visa / Mastercard
Available only in	United Arab Emirates, Oman, Qatar, Bahrain, Kuwait	Australia, Austria, Belgium, Croatia, Czechia, Denmark +36
Headquarters	United Arab Emirates	Denmark
Currency conversion fee	—	0.25%
Founded	—	1992
	Read review	Read review

What is the minimum deposit at Baraka and Saxo?

Baraka: $50. Saxo: €0.

Which regulators license Baraka and Saxo?

Baraka is licensed by DFSA; Saxo by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB.