Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of Interactive Brokers' Ireland entity and Saxo's Denmark entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of Interactive Brokers' Ireland entity and Saxo's Denmark entity.
Interactive Brokers
57.9% of retail investor accounts lose money when trading CFDs with this provider.
Saxo
65% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders Interactive Brokers and Saxo are best suited to, based on what each one actually offers in .Interactive Brokers is better than Saxo for day traders and professional traders. Long-term investors, high-volume traders and scalpers can choose either Interactive Brokers or Saxo.
| Overall score | Interactive Brokers 86 -2 85 -4 | Saxo 88 89 Best |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise Interactive Brokers and the ones that supervise Saxo.Interactive Brokers and Saxo are both regulated by top-tier authorities, Interactive Brokers by CBI Ireland, ASIC (Australia) and the SEC (United States) and Saxo by Finanstilsynet Denmark, ASIC (Australia) and the SFC (Hong Kong).
| Section score | Interactive Brokers 100 100 | Saxo 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | CBI (Ireland) | Finanstilsynet (Denmark) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that Interactive Brokers and Saxo have in place to protect your money in .Both Interactive Brokers and Saxo offer segregated client funds and an investor compensation scheme. Saxo is also a licensed bank.
| Section score | Interactive Brokers 95 95 | Saxo 93 -2 93 -2 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1978 | 1992 |
| Parent company i | IBG LLC | Saxo Bank A/S |
| CEO i | Milan Galik | Kim Fournais |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Agricultural Bank of China, Australia and New Zealand Banking Group, Banco Santander, Bank Hapoalim, Bank of China, Barclays Bank Ireland, Barclays Bank, Euroclear Bank, HSBC Bank, HSBC Continental Europe, ING Bank, ING Belgium, ING Bank Slaski, J.P. Morgan SE, J.P. Morgan Chase Bank, Mizuho Bank, MUFG Bank, NatWest Bank, Oversea Chinese Banking Corporation, Raiffeisen Bank International, Raiffeisen Bank Zrt, Raiffeisenbank a.s., Royal Bank of Canada, Skandinaviska Enskilda Bank, Societe Generale, Standard Chartered Bank, The Hongkong and Shanghai Banking Corporation, UBS Switzerland, United Overseas Bank, Wells Fargo Bank | Saxo Bank A/S |
| Brand power | ||
| Number of customers worldwide i | 3,337,000 | 1,200,000 |
| Annual revenue i | USD 6,205,000,000 | USD 727,595,340 |
| Monthly website search traffic i | 1.7M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with Interactive Brokers and with Saxo in , both on each trade and on holding the account.Interactive Brokers is better than Saxo for CFD/FX costs, given that Interactive Brokers is cheaper on EUR/USD, at 3.33 USD per lot (against Saxo's 10 USD), and charges lower US stock CFD fees, at 0.01 USD (against Saxo's 0.08 USD). Neither Interactive Brokers nor Saxo charges inactivity fees or account maintenance fees.
Interactive Brokers is better than Saxo for real stock costs, since Interactive Brokers charges lower futures fees, at 0.85 USD per contract (against Saxo's 3 USD), and charges lower options fees, at 0.65 USD per contract (against Saxo's 2 USD). Neither Interactive Brokers nor Saxo charges inactivity fees or account maintenance fees.
| Section score | Interactive Brokers 85 Best 74 Best | Saxo 70 -15 68 -6 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | USD 4.65About this value. This is the forex commission per lot at Interactive Brokers Ireland Limited (CBI). At Interactive Brokers' other companies: USD 4.65 (the UK, Canada), USD 2 (Australia). | Free |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 3.325 | USD 10 |
| S&P 500 fees (CFD) i | 0.7 points | |
| Gold fees (CFD) i | 0.34 points | |
| Bitcoin fees (CFD) i | USD 308 | |
| US stocks fees (CFD) i | USD 0.005 | USD 0.08 |
| Fees on stocks | ||
| Stock fee type i | Commission, Percentage | Commission, Percentage |
| US stocks fees (real) i | USD 2.1 | USD 2 |
| ETF fees (real) i | USD 6.96 | USD 2 |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 0.85 | USD 3 |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | USD 0.65 | USD 2 |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with Interactive Brokers and with Saxo in , and of how many instruments each one gives access to.Interactive Brokers and Saxo are equally good for CFD/FX markets, as Interactive Brokers lets you own crypto and forex outright, and offers futures on bonds and crypto. On the other hand, Saxo gives access to 71,000 tradable symbols (against Interactive Brokers' 15,000). Both Interactive Brokers and Saxo offer CFDs on commodities, crypto, forex, indices and stocks, and let you own bonds, ETFs, funds and stocks outright.
Interactive Brokers and Saxo are equally good for real stock markets, as Interactive Brokers lets you own crypto and forex outright, and offers futures on bonds and crypto. On the other hand, Saxo gives access to 71,000 tradable symbols (against Interactive Brokers' 15,000). Both Interactive Brokers and Saxo let you own bonds, ETFs, funds and stocks outright, and offer futures on commodities, forex and indices.
| Section score | Interactive Brokers 100 100 | Saxo 100 100 |
|---|---|---|
| Total tradable symbols i | 15,000 | 71,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Bonds, Commodities, Crypto, Forex, Indices | Commodities, Forex, Indices |
| Options i | Bonds, Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Forex, Indices |
| Assets you can own i | Bonds, Crypto, ETF, Funds, Forex, Stocks | Bonds, ETF, Funds, Stocks |
Platform
What we compare A comparison of the trading platforms that Interactive Brokers and Saxo make available to their clients in .Saxo is better than Interactive Brokers for platforms, because Saxo offers social trading and AutoChartist, which Interactive Brokers does not. Interactive Brokers and Saxo both offer a proprietary platform and one-click trading.
| Section score | Interactive Brokers 80 -6 80 -6 | Saxo 86 Best 86 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of Interactive Brokers and Saxo in , and of what each one lets you do from your phone.Saxo is better than Interactive Brokers for mobile trading, since Saxo offers mobile trading signals, which Interactive Brokers does not. Interactive Brokers and Saxo both offer a proprietary mobile app and mobile price alerts.
| Section score | Interactive Brokers 80 -7 80 -7 | Saxo 87 Best 87 Best |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that Interactive Brokers and Saxo allow on their platforms in .Saxo is better than Interactive Brokers for CFD/FX trading features, because Saxo offers VPS hosting, which Interactive Brokers does not. Interactive Brokers and Saxo both offer negative balance protection and trailing stops.
Interactive Brokers is better than Saxo for real stock trading features, given that Interactive Brokers offers fractional shares, which Saxo does not. Interactive Brokers and Saxo both offer trailing stops and tier-1 liquidity providers.
| Section score | Interactive Brokers 81 -4 85 Best | Saxo 85 Best 77 -8 |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | NDD |
| Average execution time i | 12 ms | |
| Slippage occurrence i | 20.7% | |
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1About this value. This is the major fx pairs leverage at Interactive Brokers Ireland Limited (CBI). At Interactive Brokers' other companies: 30:1 (the UK, Australia), 50:1 (Canada). | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1About this value. This is the minor/exotic fx pairs leverage at Interactive Brokers Ireland Limited (CBI). At Interactive Brokers' other companies: 20:1 (the UK, Australia), 33:1 (Canada). | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1About this value. This is the equities leverage at Interactive Brokers Ireland Limited (CBI). At Interactive Brokers' other companies: 5:1 (the UK, Australia), 3:1 (Canada). | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 1 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at Interactive Brokers and at Saxo in , and of who each one is meant for.Interactive Brokers is better than Saxo for CFD/FX account types, because Interactive Brokers offers a professional traders account, an Islamic account and a micro account, which Saxo does not. Interactive Brokers and Saxo both offer a demo account and a raw spread account.
Saxo is better than Interactive Brokers for real stock account types, since Saxo offers a corporate account, a managed account and a margin investing account, which Interactive Brokers does not. Both Interactive Brokers and Saxo offer a stock investing account and a demo account.
| Section score | Interactive Brokers 54 Best 53 -30 | Saxo 46 -8 83 Best |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with Interactive Brokers and with Saxo in .Interactive Brokers and Saxo are equally good for account opening, as Interactive Brokers offers 17 account base currencies (against Saxo's 2), and credits deposits faster, within 1 day (against Saxo's 2 days). On the other hand, Saxo offers debit cards. Neither Interactive Brokers nor Saxo requires a minimum deposit.
| Section score | Interactive Brokers 65 65 | Saxo 65 65 |
|---|---|---|
| Minimum deposit i | USD 0 | USD 0 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | ||
| Local payment methods i | ||
| Account base currencies i | AUD, CAD, CHF, CNY, CZK, EUR, GBP, HKD, HUF, JPY, MXN, NOK, NZD, RUB, SEK, SGD, USDAbout this value. This is the account base currencies at Interactive Brokers Ireland Limited (CBI). It is different at Interactive Brokers' companies in Australia. | EUR, USDAbout this value. This is the account base currencies at Saxo Bank A/S (Finanstilsynet). It is different at Saxo's companies in Australia. |
| Deposit waiting time i | up to 1 business days | up to 2 business days |
| Withdrawal waiting time i | up to 1 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of Interactive Brokers and Saxo in , in how it can be reached and how fast it answers.Saxo is better than Interactive Brokers for customer care, because Saxo offers customer support in 15 languages (against Interactive Brokers' 8), has a website in 12 languages (against Interactive Brokers' 8), and offers a dedicated account manager, which Interactive Brokers does not. Both Interactive Brokers and Saxo offer phone support and email support.
| Section score | Interactive Brokers 58 -29 58 -29 | Saxo 87 Best 87 Best |
|---|---|---|
| Number of languages supported i | 8 | 15 |
| Website languages i | German, English, French, Italian, Japanese, Russian, Spanish, Chinese | Arabic, Danish, English, French, Hungarian, Italian, Dutch, Norwegian, Polish, Russian, Slovenian, Chinese |
| Website available in English i | ||
| Customer support languages i | German, English, French, Italian, Japanese, Russian, Spanish, Chinese | Arabic, Czech, German, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Russian, Slovenian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that Interactive Brokers and Saxo provide to their clients in .Saxo is better than Interactive Brokers for learning, because Saxo offers daily market commentary, which Interactive Brokers does not. Interactive Brokers and Saxo both offer education for advanced traders and webinars.
| Section score | Interactive Brokers 92 -8 92 -8 | Saxo 100 Best 100 Best |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
Interactive Brokers vs Saxo: which one should you choose?
Interactive Brokers
CFD/FX Choose Interactive Brokers if you want a CFD/forex broker with low trading costs and TradingView.
Stocks Choose Interactive Brokers if you want a share dealing service with TradingView, crypto and forex.
Open Account 57.9% of retail investor accounts lose money when trading CFDs with this provider.
Saxo
CFD/FX Choose Saxo if you want an online CFD broker for high-volume trading, with fast execution.
Stocks Choose Saxo if you want a broker for securities investing with fast execution and conditions for high-volume trading.
Open Account 65% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include Interactive Brokers or Saxo, each scored with the same data and method as this page.
