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IG vs Saxo Bank

Side-by-side broker intelligence across regulation, spreads, fees, platforms, and overall model score. Category winners use transparent heuristics and should be treated as editorial guidance, not investment advice.

IG rating

4.7

Saxo Bank rating

4.5

Score gap

10 pts

Matchup

Head to head

Winners by category

Pricing & spreads

IG leads— Edge for IG (91.6 vs 84.0).

Regulation breadth

IG leads— Edge for IG (95.0 vs 80.0).

User experience

Tie— Too close to call on available data.

Editorial composite

IG leads— Edge for IG (104.1 vs 93.5).

Full comparison table

Rating

4.7

Saxo Bank

4.5

Model score

Saxo Bank

Regulation

FCA (UK), ASIC (Australia), CFTC/NFA (USA), MAS (Singapore), FINMA (Switzerland), JFSA (Japan), DFSA (Dubai), FMA (New Zealand)

Saxo Bank

Highly secure and trusted, operating as a licensed bank. It is authorized by seven Tier-1 regulators globally, including the FCA (UK), FSA (Denmark), FINMA (Switzerland), ASIC (Australia), MAS (Singapore), and JFSA (Japan).

Spreads

Spreads start from 0.6 pips on EUR/USD for standard accounts, and down to 0.1 pips via Forex Direct (DMA). High-speed execution with smart order routing.

Saxo Bank

Spreads vary significantly by account tier. Classic accounts have average industry spreads, while VIP accounts can see minimum spreads as low as 0.4 pips on major pairs like the EUR/USD. Saxo provides highly reliable, bank-grade execution liquidity.

Fees

Forex & Indices CFD pricing is spread-only with standard EUR/USD spreads averaging around 0.6 – 0.8 pips. Share CFDs incur low regional commissions (e.g., US shares at $0.02/share). No deposit or withdrawal fees.

Saxo Bank

Forex trading is generally commission-free, with costs baked into the spread (except for trades under 50,000 units, which incur a small ticket fee). Custody fees and inactivity fees may apply depending on the region and account tier, though they are reduced or waived for higher-tier accounts.

Platforms

IG Web Platform, IG Mobile App, MetaTrader 4 (MT4), TradingView, ProRealTime, L2 Dealer (DMA)

Saxo Bank

Saxo does not use MetaTrader. Instead, it offers its world-class proprietary suite: SaxoTraderGO (a highly intuitive web and mobile platform) and SaxoTraderPRO (an advanced, customizable desktop platform designed for active professionals).

Account types

CFD Account, Spread Betting (UK), Share Dealing, Options & Barriers, Professional Account, Demo

Saxo Bank

Offers three main tiers that determine pricing and perks: Classic, Platinum, and VIP. All accounts operate on the same platforms, but higher tiers unlock dedicated support, exclusive events, and lower spreads.

Min deposit

$0 / £1 (bank transfer/card) Varies by region

Saxo Bank

$0 for the entry-level Classic account. (Note: Upgrading to Platinum requires a minimum of $200,000, and VIP requires $1,000,000, or equivalent high-volume trading points).

Topic	IG	Saxo Bank
Rating	4.7	4.5
Model score	90	80
Regulation	FCA (UK), ASIC (Australia), CFTC/NFA (USA), MAS (Singapore), FINMA (Switzerland), JFSA (Japan), DFSA (Dubai), FMA (New Zealand)	Highly secure and trusted, operating as a licensed bank. It is authorized by seven Tier-1 regulators globally, including the FCA (UK), FSA (Denmark), FINMA (Switzerland), ASIC (Australia), MAS (Singapore), and JFSA (Japan).
Spreads	Spreads start from 0.6 pips on EUR/USD for standard accounts, and down to 0.1 pips via Forex Direct (DMA). High-speed execution with smart order routing.	Spreads vary significantly by account tier. Classic accounts have average industry spreads, while VIP accounts can see minimum spreads as low as 0.4 pips on major pairs like the EUR/USD. Saxo provides highly reliable, bank-grade execution liquidity.
Fees	Forex & Indices CFD pricing is spread-only with standard EUR/USD spreads averaging around 0.6 – 0.8 pips. Share CFDs incur low regional commissions (e.g., US shares at $0.02/share). No deposit or withdrawal fees.	Forex trading is generally commission-free, with costs baked into the spread (except for trades under 50,000 units, which incur a small ticket fee). Custody fees and inactivity fees may apply depending on the region and account tier, though they are reduced or waived for higher-tier accounts.
Platforms	IG Web Platform, IG Mobile App, MetaTrader 4 (MT4), TradingView, ProRealTime, L2 Dealer (DMA)	Saxo does not use MetaTrader. Instead, it offers its world-class proprietary suite: SaxoTraderGO (a highly intuitive web and mobile platform) and SaxoTraderPRO (an advanced, customizable desktop platform designed for active professionals).
Account types	CFD Account, Spread Betting (UK), Share Dealing, Options & Barriers, Professional Account, Demo	Offers three main tiers that determine pricing and perks: Classic, Platinum, and VIP. All accounts operate on the same platforms, but higher tiers unlock dedicated support, exclusive events, and lower spreads.
Min deposit	$0 / £1 (bank transfer/card) Varies by region	$0 for the entry-level Classic account. (Note: Upgrading to Platinum requires a minimum of $200,000, and VIP requires $1,000,000, or equivalent high-volume trading points).