IGvs
Saxo BankForex Broker Comparison
This head-to-head pits IG against Saxo Bank on regulation, cost, and platform choice. The tension centers on breadth and access versus a proprietary trading experience.
Our Verdict
Too close to call0.1 pts apart
IG and Saxo Bank are closely matched. IG's MT4/MT5 access is the clearest differentiator.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1IG offers MT4/MT5, Saxo Bank does not.
- 2IG provides 24/5 live chat while Saxo Bank offers no 24/5 chat.
- 3IG lists 19,000+ markets; Saxo Bank lists 71,000.
Who should choose IG vs Saxo Bank?
Find out which broker best suits your trader profile.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It’s a tie
Both equally suited
Both brokers offer spreads from 0.60 pips.
Best for safety & regulation
It’s a tie
Both equally suited
IG vs Saxo Bank: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.8/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 5.0 / 5▲ | 4.9 / 5 |
IG vs Saxo Bank Forex Broker Pros & Cons
Pros
LSE-listed with FCA and ASIC regulation, among the most credible regulatory stacks in retail CFDs
19,000+ markets including weekend crypto, volatility indices, and EM pairs, real breadth, not a padded count
Proprietary platform with ProRealTime charts, Reuters news, and DMA equity routing built in
Spread betting available for UK clients, tax-free gains on the same account used for CFD trading
No minimum deposit and no deposit or withdrawal fee on standard methods
IG vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
IG
criteria wins
0
Saxo Bank
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | IG | Saxo Bank |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
IG vs Saxo Bank: Frequently Asked Questions
The scores are close: IG rates 4.8/5 and Saxo Bank rates 4.7/5. IG has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both IG and Saxo Bank start from 0.6 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Neither IG nor Saxo Bank requires a minimum deposit, making both accessible regardless of starting capital.
Both IG and Saxo Bank hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
IG lists maximum leverage of 30:1, while Saxo Bank lists up to 30:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
IG supports ProRealTime, Proprietary Web/Mobile, TradingView, MetaTrader 4, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. IG has exclusive access to ProRealTime and TradingView and MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO.
