Compare iForex vs Saxo Bank

iForex iForex iForex Saxo Bank
iForex Saxo Bank
Established 1996 Established 1992
Web Web
Location 1 Wickham’s Cay, Road Town, Tortola, BVI VG1110, Virgin Islands, British Location Philip Heymans Alle 15 2900 Hellerup Denmark
Phone +30-210-374-2599 Phone +44 (0)207 151 2000
E-mail info@iforex.com E-mail LondonReception@saxobank.com
Country Cyprus Country Denmark, UK
Regulation Cysec Regulation FCA (UK) ASIC (Australia) Cysec
Number of instruments CFD 4 Number of instruments CFD 5
Broker type Broker type ECN, STP
Support Mail Support Phone Mail Chat
Deposit from 100 EUR/USD Deposit from 2000 EUR/USD
Spreads 1.8 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. Spreads 2 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change.
Real Stocks and ETFs Real Stocks and ETFs
Platforms Web Platform Platforms Web Platform
Instruments CFD Commodities, Forex, Cryptocurrency traded as CFD, Indicies Instruments CFD Commodities, Share CFDs, Forex, ETF, Indicies
Funding methods
Skrill Visa/Mastercard Bank Wire
* Some of the payment methods may not be available in your country.
Funding methods
Visa/Mastercard Bank Wire
* Some of the payment methods may not be available in your country.

We have compared iForex and Saxo Bank to see what the key differences are between these brokers.

Our goal was to create a comparison of brokers so you can get an overview of their features, fees, trading platforms, instruments and more.

Below is a comparison of iForex VS Saxo Bank

During our testing, we evaluated various points that we liked, disliked or were indifferent to. When evaluating certain features, we tried to be objective and fair based on what features the broker offered versus how competitive its fees were. In addition, we created our own unique rating system that we use to judge all brokers.

Compare broker parameters depending on what you are interested in, cryptocurrencies, stocks, commodities or Forex? What is the difference between brokers iForex vs Saxo Bank? At broker iForex you can trade a total of 80 currency pairs, in total you can find over 100 instruments. At broker Saxo Bank you can trade a total of 182 of currency pairs, in total you will find over 201+ instruments. Broker iForex provides Broker Saxo Bank offers trading platforms of type Web Platform.

Investments

# iForex Saxo Bank
Currency Pairs (Total Forex pairs) 80 182
CFDs – Total Offered 100 201+
Options CFD No No
Share CFDs No Yes
Forex CFD Yes Yes
Commodities CFD Yes Yes
ETF CFD No Yes
Indicies CFD Yes Yes
Cryptocurrency traded as actual No No
Cryptocurrency traded as CFD Yes No
Real Stocks and ETFs No Yes
Investments rating 50% 62%
Winner

Cost

# iForex Saxo Bank
Average Spread EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. 1.8 2
Deposit from 100 2000
Account fee No No
Inactivity fee Yes Yes
Active Trader or VIP Discounts No No
Withdrawal fees No No
Deposit fees No No
Cost rating 80% 80%
Winner

Trading Platforms

# iForex Saxo Bank
Desktop Platform (Windows) No No
Web Platform Yes Yes
Social Trading / Copy-Trading No No
MetaTrader 4 (MT4) No No
MetaTrader 5 (MT5) No No
Currenex No No
cTrader No No
Trading Platforms rating 100% 100%
Winner

Trading Tools

# iForex Saxo Bank
Financial leverage No Yes
Virtual Trading (Demo) No Yes
Alerts – Basic Fields No Yes
Charting – Indicators / Studies (Total) No Yes
Charting – Drawing Tools (Total) No Yes
Charting – Trade From Chart No Yes
Stop-Loss No Yes
Finacial Calendar No Yes
Daily financial news No Yes
Order Type – Trailing Stop No Yes
Trading Tools rating 0% 100%
Winner

Mobile Trading

# iForex Saxo Bank
Android App Yes Yes
Apple iOS App Yes Yes
Alerts – Basic Fields No Yes
SMS alerts No Yes
Mobile Trading No Yes
Mobile Trading rating 40% 100%
Winner

Research

# iForex Saxo Bank
Daily Market Commentary No Yes
Forex News (Top-Tier Sources) No Yes
Weekly Webinars No Yes
Social Sentiment – Currency Pairs No No
Economic Calendar No Yes
Research No Yes
Research rating 0% 83%
Winner

Education

# iForex Saxo Bank
Has Education – Forex No Yes
Has Education – CFDs No Yes
Client Webinars No Yes
Videos – Advanced Trading Videos No Yes
Investor Dictionary (Glossary) No No
Education No No
Education rating 0% 67%
Winner

Major Forex Pairs

# iForex Saxo Bank
GBP/USD No Yes
USD/JPY No Yes
EUR/USD No Yes
USD/CHF No Yes
USD/CAD No Yes
NZD/USD No Yes
AUD/USD No Yes
Major Forex Pairs rating 0% 100%
Winner

Commodities

# iForex Saxo Bank
Gold No Yes
Silver No Yes
WIT Oil No Yes
Brent Oil No Yes
Coffee No No
Cocoa No No
Soybeans No No
Rice No No
Corn No No
Platinum No No
Palladium No No
Commodities rating 0% 36%
Winner

Indices

# iForex Saxo Bank
DAX 30 No Yes
S&P 500 No Yes
Nasdaq No Yes
Dow Jones No Yes
Nikkei No Yes
Indices rating 0% 100%
Winner

Cryptocurrencies

# iForex Saxo Bank
Bitcoin No No
Litecoin No No
Ethereum No No
Ripple No No
Neo No No
Stellar No No
Cardano No No
Tron No No
Monero No No
EOS No No
Cryptocurrencies rating 0% 0%
Winner

Regulations

# iForex Saxo Bank
Cysec Yes Yes
ASIC (Australia) No Yes
FCA (UK) No Yes
Authorised in the European Union (EU) No No
CFTC Registered (USA) No No
FINMA (Switzerland) No No
Regulations rating 17% 50%
Winner

Support

# iForex Saxo Bank
Chat No Yes
Phone No Yes
Mail Yes Yes
Support rating 33% 100%
Winner

Overall

# iForex Saxo Bank
Link iForex Saxo Bank
Win / Loss % 11% 45%
Winner