This comparison guide aids individuals that have a hard time to select in between IG Trading and Saxo Bank to locate the best online broker for their trading and investment demands. It analyzes the highlights of both brokers side-by-side to help individuals contrast their solution and make a notified choice.
To aid individuals choose the right broker in between IG Trading and Saxo Bank to find the best-suited platform, listed below is a checklist of broker’s advantages and disadvantages, adhered to by a comparison of their major trading features, including trading systems & devices, fees, mobile trading, down payment & withdrawal, possessions, guideline, and customer support.
IG Trading vs. Saxo Bank: Summary
IG is a globally operating online broker regulated by eight tier-one regulators (FCA, ASIC, JFSA, MAS, FINMA, FMA, CFTC and MiFID). They offer users access to 19,500 tradable symbols including 20,000 CFDs, forex, forex options, stocks and cryptocurrencies. IG users can choose between various trading platforms including a proprietary Web-based platform, L2 Dealer DMA, MetaTrader 4 and ProRealTime charting feature.
IG trading fees are competitive for active traders. The size of the brokers allows fast and reliable order execution also on larger orders. IG also offered spread rebates on higher volume CFD trades.
IG additionally offers extensive educational materials (daily video market updates and technical and fundamental analysis case studies), a wide range of trading and research tools for beginners and advanced and intuitive trading apps.
IG’s customer service is available through live chat, email, phone, and WhatsApp in English, and several other languages.
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
- Regulated by 8 tier-one regulators
- Low average spreads from 0.82 pips EUR/USD
- Wide range of trading platforms and third party plugins
- Extensive research and education resources
- Wide range of platforms
Cons
- Slightly higher fees on CFDs
- Limited banking options
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 20,000 tradable symbols
- Compatible with MT4, L2 Dealer and ProRealTime
- Unlimited demo paper trading account
- Advanced research and analysis tools (L2 Dealer and ProRealTime)
- Availability of EA’s and other automated trading software
- Free trading signals and alerts
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
IG Trading vs. Saxo Bank Comparison
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IG Trading
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 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | ||
| Cost Per Trade | 0 | 0 |
| Cost Per Month | $18 | 0 |
| Forex (EUR/USD) | 0.6 pips | 1 |
| Stocks & ETF | 0.3 pips | 0.08% with $1 min. commission on US stocks |
| CFD (Gold) | 0.3 pips | $0.60 |
| Crypto | 0 | 0 |
| Options | 0 | $0.75 |
| Conversion Fees | 0,75% | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5500 | $5000 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 1000 | 30.000 |
| ETF & Funds | 1000 | 5.800 |
| Crypto | 0 | 9 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 3.000 |
| Futures | 0 | 300 |
| Bonds | 0 | 4.200 |
| Forex Instruments | 80 | 200 |
| CFD Indices & Funds | 80 | 50 |
| CFD Stocks | 12000 | 19.000 |
| CFD Commodities | 6 | 50 |
| CFD Crypto | 10 | 0 |
| CFD Bonds | 12 | 0 |
| Binary Options | 100 | 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
IG Trading vs. Saxo Bank Comparison Conclusion
The results of our comparison of IG Trading vs. Saxo Bank are wrapped up in the table below.
| Broker: | Best For: |
| IG Trading | Great overall multi-asset broker |
| Saxo Bank | Premium Trades and CFD Trading |
Selecting the best selection between IG Trading and Saxo Bank can be difficult. Both on the internet brokers have similarities yet differ regarding trading instruments, platforms & applications, guideline, deposit & withdrawals, and research and education. Picking the very best broker relies on customers’ trading & financial investment goals, individual 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.