Compare Interactive Brokers vs Saxo Bank


Online brokers compared for fees, trading platforms, safety and more. See how Interactive Brokers stacks up against Saxo Bank!

Interactive Brokers vs Saxo Bank
overall rating
4.9
4.8
overall pros
  • Wide range of products
  • Many great research tools
  • Regulated by several authorities
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
overall cons
  • Extremely complex desktop trading platform
  • Complicated account opening process
  • High inactivity fee
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
fees
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Low financing rate
  • Free stock and ETF trading for US clients
  • Inactivity fee
2.9
  • Low fund fees
  • No withdrawal fee
  • Transparent fee structure
  • Lower fees for Platinum and VIP clients
  • Inactivity fee
  • High bond, options and futures fees
account opening
3.4
  • Fully digital
  • No minimum deposit for most accounts types
  • Not user-friendly
  • Confusing messages throughout the process
2.6
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Relatively slow account verification
deposit and withdrawal
2.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
  • Not user-friendly
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets are not available for deposit or withdrawal
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
3.5
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
  • Indices
  • Metals
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
research
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
customer service
4.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection for EU (+some MENA) customers
  • Not listed on stock exchange
recommended for Traders looking for low fees and a professional trading environment Investors and traders looking for a great trading platform and solid research
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