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ICE FX vs Saxo Bank

ICE FX vs Saxo Bank Comparison Table 2024
ICE FX Saxo Bank
Review
2
Review
4

ICE FX is a global STP broker with access to MetaTrader 4 and CFD trading in four major asset classes: forex, crypto, precious metals and energies. The offshore brokerage offers competitive trading fees, 24/5 customer support and a loyalty scheme for active investors.

Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.

Customer Reviews
4
Based on 1 Saxo Bank customer reviews
Comment by Reviewer
"ICE FX will serve traders looking to trade popular fiat currencies and cryptocurrencies on the MetaTrader 4 platform. The PAMM/MAM solution will also appeal to hands-off investors." "Saxo is best for active traders and high-volume investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders."
Pros
  • Tier-based loyalty scheme with access to a free VPS and interest rate payments on uninvested balances
  • Access to the MT4 desktop, web and mobile platform with powerful analysis and customizable charting
  • Low fees with tight spreads from 0 pips, commissions between 0.0025% and 0.25%
  • Reliable customer support available 24/5 via phone, live chat, Skype and email
  • Hybrid PAMM/MAM account with low commission fees from 0.004%
  • Range of payment methods including cryptocurrency
  • Fast STP execution speeds of less than 1 ms
  • Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools
  • High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions'
  • Excellent educational resources including podcasts, webinars and expert-led video insights
  • Access to comprehensive third-party analysis tools including TradingView and Updata
  • The ISA account is highly accessible and flexible with no entry or exit fees
  • Heavily regulated and trustworthy brand based in Switzerland
  • Low fees with premium account tiers
Cons
  • Offshore regulation from the Labuan Financial Services Authority (Labuan FSA) raises safety concerns
  • Very slim product portfolio with only 75 instruments and no stocks
  • No education for beginners
  • High funding requirements for the trading accounts
  • Access to Level 2 pricing requires a subscription
  • Clients from some jurisdictions not accepted including the US and Belgium
Instruments
CFDs, Forex, Cryptos Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$30
Trading Platforms
  • MT4
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots Vary by asset
Regulator
Labuan FSA DFSA, MAS, FCA, SFC
Margin Trading
Yes No
STP Account
Yes No
ECN Account
No Yes
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android SaxoTraderGo (iOS, Android, Windows)
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Stock Exchanges
Commodities
CFD Trading
75 CFDs are available on foreign exchange, UK and US oil, precious metals and cryptocurrencies. You can trade CFDs with STP execution and a low minimum order size of 0.01 lots. Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:300 1:30
FTSE Spread
N/A 1.2 pts (Variable)
GBPUSD Spread
1.0 0.7 (var)
Oil Spread
0.5 0.03
Stocks Spread
N/A 0.10% (subject to min commission)
Forex Trading
Trade 36 major, minor and exotic currency pairs with ICE FX. Leverage up to 1:300 is available and spreads start from 0.0 pips on popular currency pairs. Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
GBPUSD Spread
1.0 0.7 (varies by region)
EURUSD Spread
0.8 0.2 (varies by region)
EURGBP Spread
1.3 0.6 (varies by region)
Assets
36 40+
Cryptocurrency
Trade five crypto CFD contracts 24/7 including the BTC/USD and ETH/USD. Leverage up to 1:10 is available alongside floating spreads. On the downside, the range of digital currencies trails the top crypto brokers. Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
Floating Variable
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
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