Interactive Brokers vs Saxo
By Akash · Facts re-checked (UTC)
Here is how Interactive Brokers and Saxo compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| Interactive Brokers | Saxo | |
|---|---|---|
| Regulators | FCA, CBI, ASIC | Danish FSA, FCA |
| Minimum deposit | No account minimum | No minimum deposit (individual account) |
| Spreads from | – | 1 pip EUR/USD minimum (global page; varies by country) |
| Commission | 0.08 to 0.20 bps x trade size, tiered by monthly volume; minimum USD 2.00 per order at Tier I | USD 3 fixed commission on FX trades under 50,000 units |
| Platforms | Trader Workstation (TWS), IBKR Mobile, Client Portal | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, TradingView |
| Retail accounts losing money | 59.7% | 66% |
Full reviews: Interactive Brokers review · Saxo review
Frequently asked questions
What is the minimum deposit at Interactive Brokers and Saxo?
Interactive Brokers: No account minimum. Saxo: No minimum deposit (individual account).
Are Interactive Brokers and Saxo regulated?
Interactive Brokers: FCA, CBI, ASIC. Saxo: Danish FSA, FCA.
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