Interactive Brokers vs Saxo Bank
Side-by-side comparison of regulation, trading costs, platforms, and account types for Interactive Brokers and Saxo Bank.
Interactive BrokersTrust 8.9/10
CFTC-NFA
FCA
ASIC
MAS
Nasdaq-listed institutional-grade broker with the broadest market access of any retail-accessible broker — 150+ markets across 33 countries. Trader Workstation is the industry yardstick for power users.
Saxo BankTrust 9.4/10
DFSA
FCA
ASIC
MAS
Danish investment bank, premium broker for serious traders. SaxoTraderGO and SaxoTraderPRO platforms. Access to 70,000+ instruments across forex, stocks, bonds, options.
Quick verdict
- Trust: Saxo Bank has the higher trust score.
- EUR/USD spread: Interactive Brokers is tighter on EUR/USD.
Side-by-side comparison
| Feature | Interactive Brokers | Saxo Bank |
|---|---|---|
| Trust score | 8.9 | 9.4 |
| Regulators | CFTC-NFA, FCA, ASIC, MAS, IIROC, FMA-NZ, CySEC | DFSA, FCA, ASIC, MAS, JFSA, FINMA |
| Headquarters | United States | — |
| Founded | 1978 | — |
| Min deposit | $0.00 | $0.00 |
| Max leverage | 1:50 | 1:200 |
| EUR/USD spread | 0.20 pips | 0.40 pips |
| Commission per lot | $4 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | Bank Wire, ACH | — |
| Withdrawal methods | Bank Wire, ACH | — |
| Withdrawal speed | 48h | — |
| Base currencies | USD, EUR, GBP, AUD, NZD, JPY, CAD, CHF, HKD, SGD | — |
Interactive Brokers is best for
High-volume traders
Algo traders
Stock CFD traders
Saxo Bank is best for
Sophisticated traders
Multi-asset investors
High-net-worth clients