Interactive Brokers vs Saxo Bank compared

Your expert:
Adam Nasli
Your expert:
Adam Nasli
Interactive Brokers
Saxo Bank
Key differences
  • Account opening score
  • Fees score
  • Deposit and withdrawal score
  • Account opening score
  • Fees score
  • Deposit and withdrawal score
Recommended for
  • Beginners
  • Equity
  • Forex
  • CFD
  • Beginners
  • Equity
  • Forex
  • CFD
Fees score
US stock fee
EURUSD spread
US stock index options
S&P 500 CFD spread
Withdrawal fee
Deposit fee
Inactivity fee
Top-tier regulators
Foundation date
Investor protection
Deposit and Withdrawal
Minimum deposit
Bank transfer for deposit
Bank transfer for withdrawal
Credit/debit for deposit
Credit/debit for withdrawal
PayPal for deposit
Wise for deposit
Revolut for deposit
Other electronic wallets
Platform and Experience
Mobile platform score
Web platform score
MT4 available
MT5 available
Customer service score
Account opening score

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Interactive Brokers's service is on par with Saxo Bank's and a comparison of their fees shows that Interactive Brokers's fees are lower than Saxo Bank's.

Account opening takes more effort at Interactive Brokers compared to Saxo Bank, deposit and withdrawal processes are more complicated at Interactive Brokers, while customer service quality is somewhat lower than Saxo Bank's.

Our experts rated the trading platform of Interactive Brokers as somewhat worse than the platform of Saxo Bank, found that clients have access to about the same number of markets and products with Interactive Brokers, while Saxo Bank provides just about the same quality of research and education.

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What our users say about us

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"I just wanted to give you a big thanks! I really enjoyed your website, searching for the best broker for my wishes. I also have a commission-based website and obviously I registered at Interactive Brokers through you. Especially the easy to understand fees table was great! Thanks again, keep up the amazing work!"
Dion Rozema

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