Your capital is at risk. Trade only with funds you can afford to lose.
Saxo
#71 in our CFD broker rankings
Accepts traders from WAF
66% of retail accounts lose money.
Rating breakdown
- Regulation & trust4.20.2 lower than IG (4.4)
- Assets & markets4.20.3 lower than IG (4.5)
- Fees & costs3.51.5 lower than IG (5.0)
- Platforms & tools3.81.1 lower than IG (4.9)
- Accounts & banking3.01.0 lower than IG (4.0)
- Education3.51.5 lower than IG (5.0)
- Research3.51.4 lower than IG (4.9)
- Customer support3.51.0 lower than IG (4.5)
IG’s score. Numbers show the difference.
IG
#22 in our CFD broker rankings
Accepts traders from WAF
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Rating breakdown
- Regulation & trust4.40.2 higher than Saxo (4.2)
- Assets & markets4.50.3 higher than Saxo (4.2)
- Fees & costs5.01.5 higher than Saxo (3.5)
- Platforms & tools4.91.1 higher than Saxo (3.8)
- Accounts & banking4.01.0 higher than Saxo (3.0)
- Education5.01.5 higher than Saxo (3.5)
- Research4.91.4 higher than Saxo (3.5)
- Customer support4.51.0 higher than Saxo (3.5)
Saxo’s score. Numbers show the difference.
| Saxo | IG | |
|---|---|---|
| Overview | 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. | Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders. |
| Customer Reviews | Based on 4 customer reviews | Based on 3 customer reviews |
| Trustpilot Score | – | |
| Comment by Reviewer | “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. However, multiple regulatory fines in recent years pull down its safety profile.” | “IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.” |
| Pros |
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| Cons |
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| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, mutual funds, ETFs, ETNs | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $0 |
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| Minimum Trade | Vary by asset | 0.01 Lots |
| Regulator | DFSA, MAS, FCA, FINMA, AMF, CONSOB | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB |
| Margin Trading | Yes | Yes |
| Margin Rate | 2% - 3% | 1.0% – 1.5% for Forex, 3.0% – 3.4% for Shares, Indices, and Commodities |
| STP Account | No | No |
| ECN Account | Yes | No |
| DMA Account | No | Yes |
| MAM Account | No | No |
| PAMM Account | No | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | Yes |
| Robo Advisor | No | Yes |
| Negative Balance Protection | No | Yes |
| Market Maker | No | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | SaxoTraderGo (iOS, Android, Windows) | iOS & Android |
| App Review | – | IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested. |
| Android App Rating | ||
| iOS App Rating | ||
| Auto Trading | – | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime |
| Copy Trading | No | No |
| Social Trading | No | No |
| Trade Signals | Yes | Yes |
| VPS Hosting | No | Yes |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | Yes |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | Yes |
| Inactivity Fee | – | $12 |
| Islamic Account | Yes | No |
| Account Currencies |
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| CFD Trading | ||
| Overview | Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. | IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience. |
| Leverage | 1:30 | 1:30 (Retail), 1:250 (Pro) |
| FTSE Spread | 1.2 pts (Variable) | 1.0 |
| GBPUSD Spread | 0.7 (var) | 0.9 |
| Oil Spread | 0.03 | 2.8 |
| Stocks Spread | 0.10% (subject to min commission) | 0.02 |
| Forex Trading | ||
| Overview | Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. | IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD. |
| GBPUSD Spread | 0.7 (varies by region) | 0.9 |
| EURUSD Spread | 0.2 (varies by region) | 0.86 |
| EURGBP Spread | 0.6 (varies by region) | 0.9 |
| Assets | 40+ | 80+ |
| Currency Indices | – |
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| Cryptocurrency | ||
| Overview | Trade cryptos against major fiat currencies or take a longer-term view with ETNs. | IG offers a growing selection of over 100 crypto CFDs and digital assets for buying, selling and storing. It also stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market. Its crypto offering was also bolstered in the UK after it secured a digital asset license from the FCA, providing trading and investing on popular crypto coins in a regulated setting. It has also expanded its spot crypto offering to Australia, France, and Singapore. |
| Spread | Variable | Variable |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.