Saxo Bank vs. IG

Page Summary

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. 

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Saxo

Saxo Bank

Open account Read review

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

IG Trading logo

IG Trading

Open account Read review

75% of retail CFD accounts lose money

BROKER COMPARISON

Saxo
IG Trading logo

Overall rating

4,9/5

4,2/5

Overall rating

4,9/5

4,2/5

Trading Platform & Tools

4.9

5.0

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.7

3.7

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee
Cost Per Trade 0 0
Cost Per Month 0 $18
Forex (EUR/USD) 1 0.6 pips
Stocks & ETF 0.08% with $1 min. commission on US stocks 0.3 pips
CFD (Gold) $0.60 0.3 pips
Crypto 0 0
Options $0.75 0
Conversion Fees 0,75%
Misc. Fees 0
Overnight Fees

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.7

1.3

See details
Minimum deposit (in UAE) $5000 $5500
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

4.5

See details
Shares 30.000 1000
ETF & Funds 5.800 1000
Crypto 9 0
Commodities 0 0
Indices 0 0
Options 3.000 0
Futures 300 0
Bonds 4.200 0
Forex Instruments 200 80
CFD Indices & Funds 50 80
CFD Stocks 19.000 12000
CFD Commodities 50 6
CFD Crypto 0 10
CFD Bonds 0 12
Binary Options 0 100
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

4.3

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

Customer Support

4.9

4.5

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

Winner

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:  

  1. Saxo Bank offers a premium online trading experience and social trading features. 
  2. IG is a trustworthy online broker with excellent educational tools and platforms. 
  3. 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. 

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. 

Fees  

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. 

Assets  

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. 

Trading platform  

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  

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. 

Final verdict  

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. 

Saxo Bank compared to other brokers:

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