IG vs Saxo
By Akash · Facts re-checked (UTC)
Here is how IG and Saxo compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| IG | Saxo | |
|---|---|---|
| Regulators | FCA | Danish FSA, FCA |
| Minimum deposit | No minimum balance to open an account | No minimum deposit (individual account) |
| Spreads from | 0.6 pips EUR/USD (MT4, UK) | 1 pip EUR/USD minimum (global page; varies by country) |
| Commission | Commission-free on MT4 forex | USD 3 fixed commission on FX trades under 50,000 units |
| Max leverage | 30:1 on major forex pairs for retail clients (IG Markets Ltd, UK, 3.33% margin) | – |
| Platforms | IG web platform, IG app, MetaTrader 4, MetaTrader 5, TradingView, ProRealTime | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, TradingView |
| Retail accounts losing money | 70% | 66% |
Full reviews: IG review · Saxo review
Frequently asked questions
What is the minimum deposit at IG and Saxo?
IG: No minimum balance to open an account. Saxo: No minimum deposit (individual account).
Are IG and Saxo regulated?
IG: FCA. Saxo: Danish FSA, FCA.
Which has tighter spreads, IG or Saxo?
Published spreads start from 0.6 pips EUR/USD (MT4, UK) at IG and 1 pip EUR/USD minimum (global page; varies by country) at Saxo; commission: IG Commission-free on MT4 forex, 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