Interactive Brokers vs. Saxo Bank Comparison

This comparison guide assists individuals that struggle to select between Interactive Brokers and Saxo Bank to discover the most effective online broker for their trading and investment needs. It assesses the main features of the two brokers side by side to help users compare their service and make an educated choice.

To help customers pick the ideal broker between Interactive Brokers and Saxo Bank to find the best-suited platform, below is a list of broker’s pros and cons, adhered to by a comparison of their major trading features, including trading systems & devices, charges, mobile trading, deposit & withdrawal, properties, law, and client support.

Interactive Brokers vs. Saxo Bank: Summary

Interactive Brokers

Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).

Saxo Bank logo

Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.

If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.

Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.

Pros

  • Low minimum deposit ($0)
  • Industry lowest overall fees
  • Professional trading platform suitable for different types of traders
  • Intuitive and easy to use mobile trading app
  • Compatible features for casual and professional traders
  • Responsive customer support

Cons

  • Few deposit and withdrawal options
  • Research and education materials missing

Pros

  • Industry leading market coverage
  • Excellent Trading Features with SaxoTraderGo
  • Advanced order type and account protection features
  • Intuitive and easy to use mobile trading app
  • Great education and research materials
  • Competitive fee structure for active traders

Cons

  • $10,000 minimum deposit for UAE users
  • High time investment to set up
  • Only for advanced traders

Key features

  • Margin loan rates on stocks of 1.3%
  • Access to 135+ global markets
  • Advanced order types, tools and features
  • Access to frictional shares
  • Lowest commissions in the industry

Key features

  • 40.000 tradable symbols available (crypto derivatives, forex options and futures)
  • Advanced account protection and order types
  • Fast execution of trades
  • $2.000 minimum deposit
  • “Best in class” educational resources
  • Great ease of use level combined with advanced features

Interactive Brokers vs. Saxo Bank Comparison

Select up to 3 Brokers

24Option
ActivTrades
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ADSS
Ally Invest
Alpaca Markets
Alpari
Alvexo
Amana Capital
AMP Futures
AMP Global
ARMO Broker
AVAtrade
Axi
Axiory
Ayrex
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BinaryCent
Binomo
BlackBull Markets
Brokerpoint
Capex (Ex. CFD Global)
Capital.com
Capitalize.ai
Captrader
Charles Schwab
ChoiceTrade
City Index
CMC Markets
Comdirect
Davy Select
Degiro
Dukascopy
E-Trade
EasyEquities
Eightcap
eOption
eToro
ETX Capital
ExpertOption
FBS
Fidelity
FinmaxFX
Finq.com
Firstrade
Flatex
Forex.com
FP Markets
Fusion Markets
FX Trading
FXCM
FXPro
FXTM
GoMarkets
HF Markets
HYCM
IC Markets
IG Trading
Interactive Brokers
Internaxx
IQ Option
IQCent
IronFX
Libertex
Lightspeed
LiteFinance
Magnifi
Markets.com
Merrill Edge
MEXEM
Moneta Markets
Multibank
Naga
Next Markets
Ninja Trader
Oanda
OctaFX
Olymp Trade
OneRoyal
Optimus Futures
OptionRobot.com
Passfolio
Pepperstone
Plus500
Pocket Option
Questrade
RaceOption
Rakuten Securities
Revolut
Robinhood
RoboForex
Sarwa
Saxo Bank
Skilling
SogoTrade
Spreadex
Swissquote
Tastytrade
TD Ameritrade
ThinkMarkets
Tickmill
TMGM
Toroption
Trade Ideas
Trade Nation
TradeStation
Trading212
TrendSpider
Vantage
Vestinda
VT Markets
Webull
XM
XTB
Zacks Trade
Zerodha
Compare brokers
Interactive Brokers

Interactive Brokers

Open account Read review

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Saxo

Saxo Bank

Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

BROKER COMPARISON

Interactive Brokers
Saxo

Overall rating

4,9/5

4,9/5

Overall rating

4,9/5

4,9/5

Trading Platform & Tools

4.9

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 1:20
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.9

4.7

See details
Withdrawal Fee 0 0
Deposit Fee 1% 0
Inactivity Fee 0 $100 / 6months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.2 pips + 0.08 to 0.20 bps times trade size comission 1
Stocks & ETF $ 0.005 per share $1
CFD (Gold) 0.02% $0.60
Crypto 0.12% to 0.18% of trade value 0
Options $1.25
Conversion Fees 0 0,75%
Misc. Fees 0 0
Overnight Fees Yes on CFD’s

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

4.7

See details
Minimum deposit (in UAE) $0 $2000
Bank Wire
Credit/Debit Card
Cash
Check YES from US bank account
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

4.9

See details
Shares 16.500 30.000
ETF & Funds 35.000 5.800
Crypto 4 9
Commodities 1 0
Indices 3052 0
Options 50.000 3.000
Futures 245 300
Bonds 1.000.000 4.200
Forex 115 200
CFD Indices & Funds 13 50
CFD Stocks 8.000 19.000
CFD Commodities 2 50
CFD Crypto 0 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

4.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.9

4.9

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Interactive Brokers vs. Saxo Bank Comparison Conclusion

The results of our comparison of Interactive Brokers vs. Saxo Bank are wrapped up in the table below.

Broker:Best For:
Interactive BrokersStocks and ETFs
Saxo BankPremium Trades and CFD Trading

Choosing the ideal choice between Interactive Brokers and Saxo Bank can be difficult. Both on the internet brokers have resemblances but vary pertaining to trading instruments, platforms & applications, regulation, down payment & withdrawals, and research study and education. Choosing the very best broker relies on individuals’ trading & financial investment goals, specific choices, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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