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IG vs Saxo Bank
A field-by-field comparison based on the current BrokaBoy catalogue. Check current pricing and the regulated entity on each broker's website before deciding.
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: 4 October 2026 · Reviewed by BrokaBoy Research Team
| Field | IG | Saxo Bank |
|---|---|---|
| BrokaBoy score | 9.0/10 | 9.1/10 |
| Trustpilot rating | Trustpilot 3.7 (9,975 reviews) | Trustpilot 3.6 (8,756 reviews) |
| Listed minimum deposit | $0 | $0 |
| Advertised spread from | 0.6 pips | 0.4 pips |
| Advertised maximum leverage | Up to 1:30 (retail, UK/EU) | Up to 1:30 (retail, EU/UK) |
| Regulators | ASIC, FCA, NFA, BaFin, MAS, DFSA, FSCA, FINMA | ASIC, FCA, MAS, DFSA, FINMA |
| Platforms | IG Web Platform, ProRealTime, MetaTrader 4, L2 Dealer, TradingView, IG App | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, TradingView |
| Instruments | Forex, Indices, Stocks, Commodities, Bonds, Options, ETFs, Crypto | Forex, Stocks, ETFs, Bonds, Futures, Options, Mutual funds, Indices, Commodities |
| Account types | CFD, Spread Betting, Share Dealing, Professional | Classic, Platinum, VIP |
| Founded | 1974 | 1992 |
| Spread type | Variable with a built-in markup on most CFD markets | Variable market spreads, tier dependent |
| Commission | Commission on share CFDs and share dealing; FX and indices priced through the spread | Share and ETF commissions vary by exchange and tier; FX priced via spread |
| Overnight / swap | Overnight funding charged on leveraged positions held past rollover | Overnight financing on leveraged positions; cash balances may earn or pay interest |
| Withdrawals | No standard withdrawal fee; an inactivity fee applies after two years of no activity | No standard withdrawal fee to a same-name bank account; currency conversion and custody fees can apply |
Key differences
- Saxo Bank has the higher BrokaBoy score (9.1/10 vs 9.0/10).
- Both brokers hold licences with ASIC, FCA, MAS, DFSA, FINMA.
- Only IG lists IG Web Platform, ProRealTime, MetaTrader 4, L2 Dealer, IG App among its platforms.
- Only Saxo Bank lists SaxoTraderGO, SaxoTraderPRO, SaxoInvestor among its platforms.
- Only IG lists Crypto among its instruments.
- Only Saxo Bank lists Futures, Mutual funds among its instruments.
Which should you choose?
- Choose IG if you want the broader platform list shown in our catalogue (6 vs 4).
- Choose IG if access to Crypto is essential, and confirm it is available under your entity.
- Choose Saxo Bank if access to Futures is essential, and confirm it is available under your entity.
- Choose the broker whose regulated entity covers your country and provides the protections you need; confirm this on the regulator's register.
Frequently asked questions
Which has the lower minimum deposit, IG or Saxo Bank?+
Both list the same minimum deposit of $0. Confirm current terms with each broker.
Are IG and Saxo Bank regulated by the same authorities?+
They share ASIC, FCA, MAS, DFSA, FINMA. IG lists ASIC, FCA, NFA, BaFin, MAS, DFSA, FSCA, FINMA; Saxo Bank lists ASIC, FCA, MAS, DFSA, FINMA in our catalogue.
Which has the higher BrokaBoy score?+
Saxo Bank scores 9.1/10 against 9.0/10. The score is calculated from advertised catalogue data and excludes Trustpilot ratings.
Do IG and Saxo Bank support the same platforms?+
Both list TradingView. IG lists more platforms overall.
