Saxo Bank vs Interactive Brokers

Saxo Bank vs Interactive Brokers Comparison Table 2023
Saxo Bank	Interactive Brokers
Review 4	Review 4.3 Interactive Brokers is #12 in our CFD broker rankings.
Traders from US not accepted	Traders from US accepted
Saxo 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.	IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
66% of retail accounts lose money.
Pros
Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools High-level research hub with curated market reports, 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 Highly accessible and flexible ISA account with no entry or exit fees Heavily regulated and trustworthy brand based in Switzerland Low fees with premium account tiers
Cons
High deposit requirements for trading accounts Access to Level 2 pricing requires a subscription Clients from some jurisdictions not accepted including the US and Belgium
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs	Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants
Demo Account
Yes	Yes
Minimum Deposit
	$10000
Payment Methods
Credit Card JCB Card Mastercard TransferWise Visa Wire Transfer	ACH Transfer Apple Pay Automated Customer Account Transfer Service Cheque Credit Card Google Wallet JCB Card Mastercard Payoneer Samsung Pay Wire Transfer
Minimum Trade
Vary by asset	$100
Regulator
DFSA, MAS, FCA, SFC	SEC, FCA, IIROC, SFC
Margin Trading
No	Yes
Margin Rate
	1.55 - 2.59%
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	Yes
OmniTrader
No	Yes
TradingView
Yes	No
Autochartist
No	No
eSignal
No	Yes
Trading Central
No	Yes
STP Account
No	Yes
ECN Account
Yes	No
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
SaxoTraderGo (iOS, Android, Windows)	iOS, Android and 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
Inactivity Fee
	0
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY SEK DKK CHF	USD EUR GBP CAD AUD INR JPY SEK NOK DKK CHF HUF
Stock Exchanges
London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange	Borsa Italiana CAC 40 Index France Chicago Mercantile Exchange Euronext IBEX 35 Japan Exchange Group Korean Stock Exchange London Metal Exchange London Stock Exchange Nasdaq Nasdaq Nordic & Baltics New York Stock Exchange Russell 2000 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
Copper Corn Gold Natural Gas Oil Silver	Aluminium Gold Lead Natural Gas Precious Metals Soybeans Zinc
CFD Trading
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:30	1:50
FTSE Spread
1.2 pts (Variable)	0.005% (£1 Min)
GBPUSD Spread
0.7 (var)	Commission (.20 pts x trade value)
Oil Spread
0.03	N/A
Stocks Spread
0.10% (subject to min commission)	From 0.003 per share, variable
Forex Trading
Get tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
GBPUSD Spread
0.7 (varies by region)	Commission (.20 pts x trade value)
EURUSD Spread
0.2 (varies by region)	Commission (.20 pts x trade value)
EURGBP Spread
0.6 (varies by region)	Commission (.20 pts x trade value)
Assets
40+	70+
Cryptocurrency
Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
Variable
Coins
BTC ETH LTC XRP XTZ SOL ADA DOT	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
66% of retail accounts lose money.
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Saxo Bank vs	Interactive Brokers vs