This comparison guide assists individuals that have a hard time to select between IQ Option and Saxo Bank to find the best online broker for their trading and investment needs. It examines the highlights of both brokers alongside to aid individuals compare their solution and make a notified choice.
To help individuals pick the ideal broker between IQ Option and Saxo Bank to locate the best-suited platform, below is a checklist of broker’s pros and cons, complied with by a comparison of their main trading functions, consisting of trading systems & devices, fees, mobile trading, down payment & withdrawal, properties, policy, and consumer support.
IQ Option vs. Saxo Bank: Summary
IQ Option is a well established online broker great for users looking to trade forex, options and CFDs on a intuitive trading platform. Their well rounded offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in Arabic language which allows you to copy portfolios from seasoned investors and traders.
IQ Option is a trustworthy and reliable market maker broker and subject to the highest standards of regulation in the industry. Options trading is no longer available.
“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”
General Risk Warning: “The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose”
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
- Multi-chart platform layout with technical analysis
- Fast trade execution
- 24/7 customer support in Arabic and English
- Free demo account with $10.000 virtual money
- Leverage of up to 1:1000
Cons
- Trading fees are above industry average
- Inactivity fee $10/90days
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
- Access to a wide variety of markets
- Great research and education tools
- User friendly platform
- $10 minimum deposit and $1 minimum trade requirement
- Access to 3000+ tradable symbols
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
IQ Option vs. Saxo Bank Comparison
Select up to 3 Brokers
IQ Option
Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 500:1 | 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
| Withdrawal Fee | 0 (*currency conversion fee might apply) | 0 |
| Deposit Fee | 0 | |
| Inactivity Fee | ||
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 10 EUR | 0 |
| Forex (EUR/USD) | 4.7pip | 1 |
| Stocks & ETF | 0.48pip | 0.08% with $1 min. commission on US stocks |
| CFD (Gold) | 4.8pip | $0.60 |
| Crypto | 127.14pip | 0 |
| Options | 0 | $0.75 |
| Conversion Fees | 0 | 0,75% |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $10 | $5000 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | Over 180 | 30.000 |
| ETF & Funds | 0 | 5.800 |
| Crypto | 19 | 9 |
| Commodities | 9 | 0 |
| Indices | 9 | 0 |
| Options | Over 40 | 3.000 |
| Futures | 0 | 300 |
| Bonds | 0 | 4.200 |
| Forex Instruments | Over 30 | 200 |
| CFD Indices & Funds | Over 20 | 50 |
| CFD Stocks | OVer 180 | 19.000 |
| CFD Commodities | 9 | 50 |
| CFD Crypto | 19 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
IQ Option vs. Saxo Bank Comparison Conclusion
The results of our contrast of IQ Option vs. Saxo Bank are wrapped up in the table below.
| Broker: | Best For: |
| IQ Option | Forex and CFD trading |
| Saxo Bank | Premium Trades and CFD Trading |
Choosing the best choice between IQ Option and Saxo Bank can be difficult. Both on-line brokers have similarities however differ regarding trading instruments, systems & apps, policy, deposit & withdrawals, and research study and education and learning. Picking the best broker relies on users’ trading & investment goals, private preferences, 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.