IC Markets vs Saxo
By Akash · Facts re-checked (UTC)
Here is how IC Markets and Saxo compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| IC Markets | Saxo | |
|---|---|---|
| Regulators | FSA Seychelles | Danish FSA, FCA |
| Minimum deposit | USD 200 (or currency equivalent) | No minimum deposit (individual account) |
| Spreads from | from 0.0 pips (Raw Spread) | 1 pip EUR/USD minimum (global page; varies by country) |
| Commission | – | USD 3 fixed commission on FX trades under 50,000 units |
| Platforms | MT4, MT5, cTrader, TradingView | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, TradingView |
| Retail accounts losing money | 73.46% | 66% |
Full reviews: IC Markets review · Saxo review
Frequently asked questions
What is the minimum deposit at IC Markets and Saxo?
IC Markets: USD 200 (or currency equivalent). Saxo: No minimum deposit (individual account).
Are IC Markets and Saxo regulated?
IC Markets: FSA Seychelles. Saxo: Danish FSA, FCA.
Which has tighter spreads, IC Markets or Saxo?
Published spreads start from from 0.0 pips (Raw Spread) at IC Markets and 1 pip EUR/USD minimum (global page; varies by country) at Saxo; commission: IC Markets none listed, Saxo USD 3 fixed commission on FX trades under 50,000 units.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read more