Verified 2026 data

IG vs Saxo Bank

An in-depth comparison to help you choose the right broker for your trading journey.

1:1Head to Head

RealTesting

2026Updated

CATEGORY WINS

Who Wins Each Category?

Our scores for IG and Saxo Bank, side by side, across the categories that decide your costs and safety.

FeesIG: 3.8/5vsSaxo Bank: 3.5/5IG wins

SafetyIG: 4.9/5vsSaxo Bank: 4.9/5Even

PlatformsIG: 4.6/5vsSaxo Bank: 4.8/5Saxo Bank wins

EducationIG: 4.5/5vsSaxo Bank: 4.3/5IG wins

Customer SupportIG: 4.2/5vsSaxo Bank: 4.2/5Even

QUICK VERDICT

Who Wins?

Saxo Bank wins on overall score (4.5/5 vs 4.4/5). IG is the pick if you value experienced traders; choose Saxo Bank if you value professional traders. The tables below show where each actually wins.

4.4/5

Best for: Experienced traders

Visit IG Read the IG Review

4.5/5

Best for: Professional traders

Visit Saxo Bank Read the Saxo Bank Review

HEAD-TO-HEAD

Side-by-Side Comparison

Feature

Overall Rating

4.4/5

4.5/5

Minimum Deposit

$250

$2,000

Spreads From

0.6 pips

0.4 pips

Max Leverage

Up to 30:1 (EU)

Instruments

17,000+

71,000+

Fees Score

3.8/5

3.5/5

Platforms Score

4.6/5

4.8/5

Education Score

4.5/5

4.3/5

Safety Score

4.9/5

Platforms

IG Trading Platform, MetaTrader 4, ProRealTime, L2 Dealer

SaxoTraderGO, SaxoTraderPRO, SaxoInvestor

Founded

1974

1992

Headquarters

London, United Kingdom

Copenhagen, Denmark

KEY DIFFERENCES

What Actually Differs

The numbers that matter when choosing between IG and Saxo Bank.

Minimum depositIG: $250Saxo Bank: $2,000IG needs less to start.

RegulatorsIG: 4 (FCA, ASIC)...Saxo Bank: 3 (Danish FSA, FCA)...IG is licensed in more jurisdictions.

InstrumentsIG: 17,000+Saxo Bank: 71,000+Saxo Bank offers more markets.

PlatformsIG: IG Trading Platform, MetaTrader 4, ProRealTimeSaxo Bank: SaxoTraderGO, SaxoTraderPRO, SaxoInvestorNo shared platforms.

Best forIG: Experienced tradersSaxo Bank: Professional tradersDifferent fits. Read the verdict below.

ANALYSIS

Pros & Cons

Pros

+ 50+ years established
+ Publicly traded (FTSE 250)
+ 17,000+ markets
+ Excellent research
+ Advanced ProRealTime charts

Cons

- Higher minimum deposit
- Inactivity fees
- Complex fee structure

Open IG Account

Pros

+ 71,000+ instruments
+ Award-winning platforms
+ Bank-level security
+ Premium research
+ Options and futures

Cons

- High minimum deposit ($2,000)
- Premium pricing
- Complex for beginners
- Inactivity fees

Open Saxo Bank Account

RECOMMENDATION

Which Broker Should You Choose?

Choose

If you:

Experienced traders
Research-focused traders
UK traders

Visit IG →

Choose

If you:

Professional traders
High-net-worth investors
Multi-asset portfolios

Visit Saxo Bank →

FAQ

IG vs Saxo Bank: FAQ

Which is better, IG or Saxo Bank?

Overall, IG scores 4.4/5 and Saxo Bank scores 4.5/5. The right pick depends on what you value: IG for experienced traders, Saxo Bank for professional traders.

Which is cheaper, IG or Saxo Bank?

On our fees score, IG is 3.8/5 and Saxo Bank is 3.5/5. IG advertises spreads from 0.6 pips, Saxo Bank from 0.4 pips. Check the fee rows above for the full picture, because headline spreads are not the bill.

Which is safer, IG or Saxo Bank?

IG holds 4 licence(s), including FCA, ASIC, BaFin, NFA/CFTC. Saxo Bank holds 3 licence(s), including Danish FSA, FCA, ASIC. More Tier 1 regulators means more client protection schemes. Verify any licence at the regulator register before depositing.

Which has more markets, IG or Saxo Bank?

IG offers 17,000+, Saxo Bank offers 71,000+. Choose the range that covers what you actually trade.

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