Saxo Bank and IG are top online brokers with impressive trading experiences. Saxo Bank is famous because of its premium trading platforms and tools. It follows a transparent fee policy and has top-tier trading tools. Saxo Bank is a registered bank and has licenses from the ASIC, FSA, MAS, SFC, FINMA, and FCA. We recommend it for professional traders.
|Broker Name||Saxo Bank||IG|
|Regulation||FCA (UK), FINMA (Switzerland), ASIC and FSC (Australia), and JFSA (Japan)||FCA, BaFin|
|Tradable Assets||40,000 instruments, forex, spot FX, FX options, NDFs) CFDs, stocks, stock options, ETFs, ETNs, futures, and 33,000 bonds (available only via phone)||Forex, CFDs|
|Min Deposit||$10,000 (£500) for ‘Classic’ Account, Higher entry ‘Platinum’ ($200K) and ‘VIP’ ($1M) accounts||$0|
|Platforms||SaxoTraderGO||Web, Desktop, Mobile|
|Deposit||Free of charge||Free of charge|
|Withdrawals||Free of charge||Free of charge|
IG has user-friendly and easy-to-customize platforms. It offers access to m educational tools. IG has top-tier licenses from BaFin and the FCA. We recommend it for beginner traders, as it has valuable learning materials.
Both online brokers have strengths and weaknesses. This article discusses the differences between Saxo Bank and IG.
Top findings from the Saxo Bank vs. IG review:
- Saxo Bank offers a premium online trading experience and social trading features.
- IG is a trustworthy online broker with excellent educational tools and platforms.
- Both brokers have a proprietary platform, demo account, and offer active trading discounts.
Saxo Bank is a popular broker as it offers premium services and trading platforms. It is a top choice for professionals and active traders. We recommend IG to new investors, as it has reliable educational and research tools.
|Commissions & Fees||5||5|
|Offering of Investments||5||5|
|Platforms & Tools||5||5|
|66% of retail CFD accounts lose money||75% of retail CFD accounts lose money|
Level of experience
Beginner traders prefer IG over Saxo Bank. IG offers forex education, webinars, and beginner trading videos. IG organizes weekly webinars and provides access to social sentiment. It is a top choice for new traders.
Saxo Bank has excellent trading services tailored for experienced traders. It offers some educational materials, including trading videos. Saxo Bank has world-class social trading tools, which is why we recommend it for professionals.
Saxo Bank has a minimum initial deposit of US$10,000, while IG charges £250. The average EUR/USD spread at Saxo Bank is 0.8, while at IG is 0.74. Both brokers offer an active trader discount.
Saxo Bank has 170 forex currency pairs, while IG has 104 available pairs. Saxo Bank offers 9000 CFDs, while IG has access to 19537 CFDs.
Saxo Bank has an impressive portfolio with web, desktop, and mobile trading platforms. It offers a demo account, professional research tools, and VIP access to live support. Saxo Bank is famous because of its social trading services. We recommend it for active professional traders.
IG has user-friendly trading platforms suitable for both beginners and professionals. It provides a web and mobile platform with a simple-to-understand design. IG has many educational tools, including trading videos and forex education. We recommend it for new traders.
Banking services are helpful to traders of all levels of experience. Saxo Bank is a registered bank and offers bank wire and credit/debit card funding. IG has bank wire, credit/debit card, and PayPal.
Saxo Bank and IG are top online brokers with outstanding online trading experiences. Both have advantages and disadvantages, depending on your needs and trading style. We recommend Saxo Bank to active professional traders, as it has premium tools and platforms. IG is a better choice for new traders because of its learning tools and well-designed platforms.
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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.