Saxo Bank vs Interactive Brokers

Saxo Bank vs Interactive Brokers Comparison Table 2022
Saxo Bank Interactive Brokers
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms 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.
United States Flag Traders from US not accepted
United States Flag Traders from US accepted
Bonus
None None
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs Stocks, Futures, E-minis, Options, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$10000 $10000
Payment Methods
Credit Card, JCB Card, Mastercard, Visa, Wire Transfer ACH Transfer, Apple Pay, Cheque, Credit Card, Google Pay, JCB Card, Mastercard, Samsung Pay
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
STP Account
No Yes
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 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
Auto Trading
- -
Trade Signals
Yes -
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
No No
Copy Trading
No No
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
CFD
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
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
Crypto trading not offered
Spread
Coins
BTC, LTC, ETH, XRP
Crypto Lending
No No
Crypto Mining
No No
Auto Market Maker
No No
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