IQ Option vs Saxo Bank
IQ Option | Saxo Bank |
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4
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4
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Traders from US not accepted
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Traders from US not accepted
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IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10. |
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. |
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | 66% of retail accounts lose money. |
Customer Reviews | |
5
Based on 1 IQ Option customer reviews
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4
Based on 1 Saxo Bank customer reviews
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Comment by Reviewer | |
"IQ Option is a good broker for beginners with a slick platform and low minimum investment. New users can also open an account in three easy steps." | "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 | |
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Cons | |
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Awards | |
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Instruments | |
CFD, Forex, Crypto, Stocks, Digital Options | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.001 Lots | Vary by asset |
Regulator | |
DFSA, MAS, FCA, SFC | |
Margin Trading | |
Yes | No |
Margin Rate | |
0.2% | |
STP Account | |
No | No |
ECN Account | |
No | Yes |
DMA Account | |
No | 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 | |
Yes | No |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
iOS, Android and Windows | SaxoTraderGo (iOS, Android, Windows) |
App Review | |
IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have also synchronised the look and feel of both the web trader and mobile platform, making switching between the two, seamless. |
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Android App Rating | |
4.2 |
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iOS App Rating | |
4.3 |
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Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | |
VPS Hosting | |
No | No |
Tournaments | |
Yes | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available is in line with EU restrictions, to a maximum of 1:30 on major forex pairs but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform. | Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. |
Leverage | |
1:500 | 1:30 |
FTSE Spread | |
1.2 pts (Variable) | |
GBPUSD Spread | |
1 | 0.7 (var) |
Oil Spread | |
2.3 | 0.03 |
Stocks Spread | |
2 | 0.10% (subject to min commission) |
Forex Trading | |
IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area. | Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. |
Forex App | |
IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have synchronised the look and feel of both the Webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account. |
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GBPUSD Spread | |
5 pips | 0.7 (varies by region) |
EURUSD Spread | |
14 pips | 0.2 (varies by region) |
EURGBP Spread | |
15 pips | 0.6 (varies by region) |
Assets | |
60+ | 40+ |
Cryptocurrency | |
IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software. | Trade cryptos against major fiat currencies or take a longer-term view with ETNs. |
Spread | |
BTC 7%, ETH 12% (Var) | Variable |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+. | Binary options trading not offered |
Payout | |
91% | |
Ladder Options | |
Yes | No |
Boundary Options | |
Yes | No |
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | 66% of retail accounts lose money. |
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