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.
| Overall Rating | Saxo Bank | Interactive Brokers | AvaTrade |
|---|---|---|---|
| Overall Rating | 9.5 / 10 | 9.2 / 10 | 8.2 / 10 |
| Account Type | 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 | Saxo Bank | Interactive Brokers | AvaTrade |
|---|---|---|---|
| Social Trading / Copy Trading | Yes | No | Yes |
| DupliTrade | No | No | Yes |
| ZuluTrade | No | No | Yes |
| Cryptocurrency | 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 | Saxo Bank | Interactive Brokers | AvaTrade |
|---|---|---|---|
| Forex Trading | Yes | Yes | Yes |
| Trading - Forex or CFDs | Yes | Yes | Yes |
| Indices (Index CFDs) | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 |
