IC Markets vs. Saxo Bank

Winner of the comparison

In terms of overall rating, both brokers are equal – both have 60%. IC Markets requires a minimum deposit of 200 EUR/USD, while Saxo Bank sets it at 2000 EUR/USD. Thanks to the lower deposit, IC Markets is more welcoming to traders with smaller budgets. For IC Markets, the spread is 0.5 EUR/USD, while for Saxo Bank it is 2 EUR/USD. Tighter spreads make IC Markets a more advantageous choice. IC Markets offers 90 forex pairs, while Saxo Bank provides 182. More options come with Saxo Bank. IC Markets was founded in 2007, while Saxo Bank has been operating since 1992. The older Saxo Bank has the upper hand in this regard. This advantage goes to Saxo Bank, while IC Markets lacks it. IC Markets is overseen by 3 regulatory bodies, while Saxo Bank has 3. In terms of regulation, both are equal. IC Markets supports 3 platforms, while Saxo Bank offers 1. A greater choice of platforms gives IC Markets the lead.