BrokerNotes.co is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Saxo Bank vs Interactive Brokers 2022

April 26, 2022
Last modified June 23, 2022

Saxo Bank is better than Interactive Brokers.

Trying to decide between Saxo Bank and Interactive Brokers? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Select Brokersexpand_moreclose
Overall Rating expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
Overall Rating star 9.5 / 10 star 9.2 / 10 star 8.2 / 10
Account Type expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes No Yes
Islamic Account No No Yes
Copy Trading expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
Social Trading / Copy Trading Yes No Yes
DupliTrade No No Yes
ZuluTrade No No Yes
Cryptocurrency expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
Cryptocurrency (Physical) No Yes No
Cryptocurrency (CFD) Yes No Yes
Bitcoin Yes No Yes
ethereum Yes No Yes
Forex Trading expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No Yes
Social Trading / Copy Trading Yes No Yes
Metals Yes Yes Yes
Energies Yes No Yes
Agriculturals Yes Yes Yes
ETF Yes Yes No
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes No Yes
MetaTrader 5 (MT5) No No Yes
Regulatory Licenses expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
Tier-1 Licenses 6 8 4
ASIC Authorised (Australia) Yes Yes Yes
IIROC Authorised (Canada) No Yes Yes
FCA Authorised (U.K.) Yes Yes No
SFC Authorised (Hong Kong) Yes Yes No
MAS Authorised (Singapore) Yes Yes No
FINMA Authorised (Switzerland) Yes Yes No
CFTC Registered (USA) No Yes No
Tier-2 Licenses 1 1 3
Tier-3 Licenses 0 0 1
Research, Education expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
Trading Central (Recognia) No Yes Yes
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist Yes No No
Investor Dictionary (Glossary) Yes Yes Yes
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) Yes Yes Yes
Trading Costs expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
Minimum Initial Deposit $2,000 $0 $100
Average Spread EUR/USD - Standard 0.8 (August 2020) 0.6 (From 09/25/21 - 10/02/21) 0.91 (Aug 2020)
All-in Cost EUR/USD - Active 0.6 (August 2020) 0.6 (From 09/25/21 - 10/02/21) 0.61 (Aug 2020)
Active Trader or VIP Discounts Yes Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes No Yes
PayPal (Deposit/Withdraw) No No Yes
Trading Tools expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
Watchlists - Total Fields 62 651 6
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 62 127 90
Mobile Charting - Indicators / Studies 62 98 73
Trust Factors expand_moreexpand_less Saxo Bank Interactive Brokers AvaTrade
Year Founded 1992 1977 2006
Publicly Traded (Listed) No Yes No
Bank Yes No No
Authorised in European Union Yes Yes Yes
Trust Score 99 99 93
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmiral Markets
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxiTrader
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFineco Bank
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxForex4you
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxGKFX
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOctaFX
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxRoboForex (RoboMarkets)
  • check_box_outline_blankcheck_boxSaxo Bank
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTeleTrade
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrade360
  • check_box_outline_blankcheck_boxTradeo
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxUFX
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVestle
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade
Compare 0 of 5
arrow_upward
close