IC Markets vs. Saxo Bank
Comparison: IC Markets vs. Saxo Bank – Which broker is better? A quick comparison based on the trading platform, fees, deposit or withdrawal options, and regulation in 2026.
Winner of this comparison: IC Markets with an overall rating of 60%
Basic information
IC Markets 
Saxo Bank Basic information
- Deposit
- 200 EUR/USD
- 2000 EUR/USD
- Spreads
- 0.5 EUR/USD
- 2 EUR/USD
- Established
- 2007
- 1992
- Currency Pairs (Total Forex pairs)
- 90
- 182
- Country
- UK
- Denmark, UK
- Regulation
- FCA (UK), ASIC (Australia), Cysec
- FCA (UK), ASIC (Australia), Cysec
- Trading app
- MetaTrader 4 (MT4), cTrader, MetaTrader 5 (MT5)
- Web Platform
- Number of CFD asset classes
- 6
- 5
- Broker type
- MM
- ECN, STP
- Support
- Phone, Mail, Chat
- Phone, Mail, Chat
- Funding methods
- * Some of the payment methods may not be available in your country. Skrill, Qiwi, FasaPay, PayPal, Poli, Visa/Mastercard, Bank Wire
- * Some of the payment methods may not be available in your country. Visa/Mastercard, Bank Wire
- Real Stocks and ETFs
- Yes
- Yes
*The value is indicative from the broker's website. The spread amount is variable.
Comparison Result
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.
60%
IC Markets
45%
Saxo Bank
Key Strengths
IC Markets
- Competitive spreads and low commissions: Low variable spreads, from 0 pips.
- Wide range of trading instruments: Trading with over 2250 instruments.
- Support for all trading methods: Scalping, HFT, and automated trading.
Saxo Bank
- Fully licensed European company with strong backing
- More suitable for professional traders
- Proprietary trading platforms
- Competitive trading spreads
- Really large number of trading instruments
Comparison by Categories
Comprehensive Comparison: IC Markets vs Saxo Bank
IC Markets Saxo Bank Investments
75 % 62 %- Currency Pairs (Total Forex pairs)
- 90
- 182
- CFDs – Total Offered
- 300+
- 201+
- Options CFD
- No
- No
- 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
- Yes
- No
- Winner
- No
- No
Cost
80 % 80 %- Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable.
- 0.5
- 2
- Deposit from
- 200
- 2000
- Account fee
- No
- No
- Inactivity fee
- Yes
- Yes
- Active Trader or VIP Discounts
- No
- No
- Withdrawal fees
- No
- No
- Deposit fees
- No
- No
- Winner
- No
- No
Trading app
43 % 14 %- Desktop Platform (Windows)
- No
- No
- Web Platform
- No
- Yes
- Social Trading / Copy-Trading
- No
- No
- MetaTrader 4 (MT4)
- Yes
- No
- MetaTrader 5 (MT5)
- Yes
- No
- Currenex
- No
- No
- cTrader
- Yes
- No
- Winner
- No
- No
Trading Tools
100 % 100 %- 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
- Winner
- No
- No
Research
100 % 83 %- Daily Market Commentary
- Yes
- Yes
- Forex News (Top-Tier Sources)
- Yes
- Yes
- Weekly Webinars
- Yes
- Yes
- Social Sentiment – Currency Pairs
- Yes
- No
- Economic Calendar
- Yes
- Yes
- Research
- Yes
- Yes
- Winner
- No
- No
Education
100 % 67 %- Has Education – Forex
- Yes
- Yes
- Has Education – CFDs
- Yes
- Yes
- Client Webinars
- Yes
- Yes
- Videos – Advanced Trading Videos
- Yes
- Yes
- Investor Dictionary (Glossary)
- Yes
- No
- Education
- Yes
- No
- Winner
- No
- No
Forex
100 % 100 %- 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
- Winner
- No
- No
Commodities
91 % 36 %- Gold
- No
- Yes
- Silver
- Yes
- Yes
- WIT Oil
- Yes
- Yes
- Brent Oil
- Yes
- Yes
- Coffee
- Yes
- No
- Cocoa
- Yes
- No
- Soybeans
- Yes
- No
- Rice
- Yes
- No
- Corn
- Yes
- No
- Platinum
- Yes
- No
- Palladium
- Yes
- No
- Winner
- No
- No
Indicies
100 % 100 %- DAX 40
- Yes
- Yes
- S&P 500
- Yes
- Yes
- Nasdaq
- Yes
- Yes
- Dow Jones
- Yes
- Yes
- Nikkei
- Yes
- Yes
- Winner
- No
- No
Cryptocurrencies
50 % 0 %- Bitcoin
- Yes
- No
- Litecoin
- Yes
- No
- Ethereum
- Yes
- No
- Ripple
- Yes
- No
- Neo
- No
- No
- Stellar
- No
- No
- Cardano
- No
- No
- Tron
- No
- No
- Monero
- No
- No
- EOS
- Yes
- No
- Winner
- No
- No
Regulations
50 % 50 %- Cysec
- Yes
- Yes
- 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
- Winner
- No
- No
Support
100 % 100 %- Chat
- Yes
- Yes
- Phone
- Yes
- Yes
- Yes
- Yes
- Winner
- No
- No
Overall
60 % 45 %- Winner
- No
- No
Our Recommendations
Best for IC Markets
Thanks to comprehensive educational materials and a user-friendly platform, IC Markets is an ideal choice for new traders.
Best Platform IC Markets
The trading platform of broker IC Markets offers an intuitive interface and advanced features for efficient trading.
Lowest Costs
Both brokers have comparable fee structures and spreads.
IC Markets Saxo Bank