Written by ForexBrokers.com
Is IG better than Saxo Bank? In our analysis of 23 international regulators across 62 of the best forex brokers, IG is considered highly trusted, with an overall Trust Score of 99 out of 99. Saxo Bank is considered low-risk, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.
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❯×| Overall Rating | IG | Saxo Bank | |
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| Trust Score | 99 | 99 | |
| Winner | check_circle | ||
| Review | IG Review | Saxo Bank Review |
| Regulation | IG | Saxo Bank | |
|---|---|---|---|
| Trust Score | 99 | 99 | |
| Year Founded | 1974 | 1992 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | Yes | |
| Authorised in European Union | Yes | Yes | |
| Tier-1 Licenses | 7 | 6 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 1 | 0 |
| Tier-1 Licenses (High Trust) | IG | Saxo Bank | |
|---|---|---|---|
| ASIC Authorised (Australia) | Yes | Yes | |
| IIROC Authorised (Canada) | No | No | |
| SFC Authorised (Hong Kong) | No | Yes | |
| CBI Authorised (Ireland) | No | No | |
| FSA Authorised (Japan) | Yes | Yes | |
| MAS Authorised (Singapore) | Yes | Yes | |
| FINMA Authorised (Switzerland) | Yes | Yes | |
| FCA Authorised (U.K.) | Yes | Yes | |
| CFTC Registered (USA) | Yes | No | |
| FMA Authorised (New Zealand) | Yes | No |
| Tier-2 Licenses (Average Trust) | IG | Saxo Bank | |
|---|---|---|---|
| CBRC Authorised (China) | No | No | |
| CySEC Authorised (Cyprus) | No | No | |
| SEBI Authorised (India) | No | No | |
| ISA Authorised (Israel) | No | No | |
| CBR Authorised (Russia) | No | No | |
| FSCA Authorised (South Africa) | Yes | No | |
| SEC Authorised (Thailand) | No | No | |
| DFSA / Central Bank Authorised (UAE) | Yes | Yes |
| Tier-3 Licenses (Low Trust) | IG | Saxo Bank | |
|---|---|---|---|
| SCB Authorised (Bahamas) | No | No | |
| FSC Authorised (Belize) | No | No | |
| CIMA Authorised (Cayman Islands) | No | No | |
| BMA Authorised (Bermuda) | Yes | No | |
| FSC Authorised (British Virgin Islands) | No | No | |
| FSC Authorised (Mauritius) | No | No | |
| VFSC Authorised (Vanuatu) | No | No |
| Investments | IG | Saxo Bank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 60000 | |
| Forex Pairs (Total) | 100 | 190 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (CFD) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | IG | Saxo Bank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.86 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.5957 | 0.7 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | Saxo Bank | |
|---|---|---|---|
| Minimum Deposit | £250.00 | €2,000 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | IG | Saxo Bank | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No | |
| Trading Platforms Gallery (click to expand) |
| Trading Tools | IG | Saxo Bank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 62 | |
| Charting - Indicators / Studies (Total) | 33 | 62 | |
| Charting - Drawing Tools (Total) | 20 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | Saxo Bank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 33 | 62 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Forex Calendar | Yes | Yes | |
| Mobile Trading Gallery (click to expand) |
| Research | IG | Saxo Bank | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes | |
| Research Gallery (click to expand) |
| Education | IG | Saxo Bank | |
|---|---|---|---|
| Has Education - Forex or CFDs | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes | |
| Education Gallery (click to expand) |
| Major Forex Pairs | IG | Saxo Bank | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | IG Review | Saxo Bank Review |
| Overall | IG | Saxo Bank | |
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| Overall Rating |
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| Commissions & Fees |
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| Offering of Investments |
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| Platform & Tools |
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| Research |
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| Education |
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| Trust Score | 99 | 99 | |
| Winner | check_circle | ||
| Review | IG Review | Saxo Bank Review |
Compare
0 of 5Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare IG vs Saxo Bank.
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. IG holds 7 global Tier-1 licenses, while Saxo Bank holds 6. IG holds 2 global Tier-2 licenses, while Saxo Bank holds 1. In our analysis of 23 international regulators across 50 brokers, IG and Saxo Bank earned the same Trust Score.
To compare the trading platforms of both IG and Saxo Bank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Saxo Bank offers a better experience. With research, IG offers superior market research. Finally, we found Saxo Bank to provide better mobile trading apps.
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.IG and Saxo Bank both offer copy trading.
Saxo Bank provides traders 190 currency pairs (e.g., EUR/USD) compared to IG's 100 available pairs. Forex pairs aside, Saxo Bank offers traders access to 60000 CFDs while IG has 19537 available CFDs, a difference of 40463.
IG is a publicly traded company, operates a regulated bank, and is authorised by seven tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC).
Saxo Bank is not publicly traded, does operate a bank, and is authorised by six tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Saxo Bank is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA).
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
Saxo Bank is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
Overall winner: IG
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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