Compare Saxo Bank vs IG

Saxo Bank Saxo Bank
Saxo Bank IG
Saxo Bank IG -
Established 1992 Established 2005
Web Web
Country Denmark, UK Country UK, Australia
Regulation FCA (UK) ASIC (Australia) Cysec Regulation FCA (UK) ASIC (Australia)
Number of CFD asset classes 5 Number of CFD asset classes 7
Broker type ECN, STP Broker type ECN, MM, STP
Support Phone Mail Chat Support Phone Mail Chat
Deposit from 2000 EUR/USD Deposit from 1 EUR/USD
Spreads 2 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. Spreads 1 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 MetaTrader 4 (MT4) Desktop Platform (Windows) Web Platform
Instruments CFD Commodities, Share CFDs, Forex, ETF, Indicies Instruments CFD Commodities, Options, Share CFDs, Forex, ETF, Cryptocurrency traded as CFD, Indicies
Funding methods
Visa/Mastercard Bank Wire
* Some of the payment methods may not be available in your country.
Funding methods
PayPal Visa/Mastercard Bank Wire
* Some of the payment methods may not be available in your country.

We have compared Saxo Bank and IG 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 Saxo Bank VS IG

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 Saxo Bank vs IG? At broker Saxo Bank you can trade a total of 182 currency pairs, in total you can find over 201+ instruments. At broker IG you can trade a total of 105 of currency pairs, in total you will find over 19537+ instruments. Broker Saxo Bank provides Client Webinars, Has Education – CFDs, Has Education – Forex, Videos – Advanced Trading Videos. Broker IG offers trading platforms of type MetaTrader 4 (MT4), Desktop Platform (Windows), Web Platform.

Investments

# Saxo Bank IG
Currency Pairs (Total Forex pairs) 182 105
CFDs – Total Offered 201+ 19537+
Options CFD No Yes
Share CFDs Yes Yes
Forex CFD Yes Yes
Commodities CFD Yes Yes
ETF CFD Yes Yes
Indicies CFD Yes Yes
Cryptocurrency traded as actual No No
Cryptocurrency traded as CFD No Yes
Real Stocks and ETFs Yes No
Investments rating 62% 88%
Winner

Cost

# Saxo Bank IG
Average Spread EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. 2 1
Deposit from 2000 1
Account fee No No
Inactivity fee Yes No
Active Trader or VIP Discounts No No
Withdrawal fees No No
Deposit fees No No
Cost rating 80% 100%
Winner

Trading Platforms

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

Trading Tools

# Saxo Bank IG
Financial leverage Yes Yes
Virtual Trading (Demo) Yes Yes
Alerts – Basic Fields Yes Yes
Charting – Indicators / Studies (Total) Yes Yes
Charting – Drawing Tools (Total) Yes Yes
Charting – Trade From Chart Yes Yes
Stop-Loss Yes Yes
Finacial Calendar Yes Yes
Daily financial news Yes Yes
Order Type – Trailing Stop Yes Yes
Trading Tools rating 100% 100%
Winner

Mobile Trading

# Saxo Bank IG
Android App Yes Yes
Apple iOS App Yes Yes
Alerts – Basic Fields Yes Yes
SMS alerts Yes Yes
Mobile Trading Yes Yes
Mobile Trading rating 100% 100%
Winner

Research

# Saxo Bank IG
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Weekly Webinars Yes Yes
Social Sentiment – Currency Pairs No No
Economic Calendar Yes No
Research Yes No
Research rating 83% 50%
Winner

Education

# Saxo Bank IG
Has Education – Forex Yes Yes
Has Education – CFDs Yes Yes
Client Webinars Yes No
Videos – Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) No Yes
Education No Yes
Education rating 67% 83%
Winner

Major Forex Pairs

# Saxo Bank IG
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
Major Forex Pairs rating 100% 100%
Winner

Commodities

# Saxo Bank IG
Gold Yes Yes
Silver Yes Yes
WIT Oil Yes Yes
Brent Oil Yes Yes
Coffee No Yes
Cocoa No Yes
Soybeans No Yes
Rice No Yes
Corn No Yes
Platinum No Yes
Palladium No Yes
Commodities rating 36% 100%
Winner

Indicies

# Saxo Bank IG
DAX 40 Yes Yes
S&P 500 Yes Yes
Nasdaq Yes Yes
Dow Jones Yes Yes
Nikkei Yes Yes
Indices rating 100% 100%
Winner

Cryptocurrencies

# Saxo Bank IG
Bitcoin No Yes
Litecoin No Yes
Ethereum No Yes
Ripple No No
Neo No No
Stellar No No
Cardano No No
Tron No No
Monero No No
EOS No No
Cryptocurrencies rating 0% 30%
Winner

Regulations

# Saxo Bank IG
Cysec Yes No
ASIC (Australia) Yes Yes
FCA (UK) Yes Yes
Authorised in the European Union (EU) No No
CFTC Registered (USA) No No
FINMA (Switzerland) No No
Regulations rating 50% 33%
Winner

Support

# Saxo Bank IG
Chat Yes Yes
Phone Yes Yes
Mail Yes Yes
Support rating 100% 100%
Winner

Overall

# Saxo Bank IG
Link Saxo Bank IG
Win / Loss % 45% 55%
Winner