IG
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79% of retail CFD accounts lose money.

Vs.

Saxo Bank
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69% of retail CFD accounts lose money.

IG Vs. Saxo Bank - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Oct 13 2023

Visit

79% of retail CFD accounts lose money.

Visit

69% of retail CFD accounts lose money.

Overview

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments.

Best For
  • Professional traders looking to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
  • Professional investors looking to trade a variety of markets
  • High net worth traders or investors
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

8

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • FMA (New Zealand)
  • NFA (United States)
  • DFSA (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
  • BMA (Bermuda)
  • ASIC (Australia)
  • HKMA (Hong Kong)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • AFM (Netherlands)
The Good
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
  • Exceptional selection of financial instruments at one place
  • 2 highly-customizable proprietary trading platforms
  • API integration for 3rd party services like Excel or TradingView
The Bad
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
  • High minimum deposit for certain countries
  • Withdrawals via bank transfer only
  • High fees on options and futures
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 4 days
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
1974 1992
💳 Minimum Deposit Range
From $10 to $450. From $500 up to $2,000
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Visa
  • Mastercard
  • Bank Transfer
💵 Account Base Currencies
6 - AUD, EUR, GBP, HKD, SGD, USD. 26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries

SY, IR.

US, BR, ES, IN, KE, MX, NG, PK, ZA.

📊 STP Account
No Yes
📊 DMA Account
Yes Yes
📊 ECN Account
Yes Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
Hybrid Hybrid
Total Asset Offering
35,227 49,339
Exchange Access
8 0
📙 Real Stocks
15,000 30,000
📙 Stock CFDs
15,000 0
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
80 182
📗 Commodities
0 0
📗 Commodities CFDs
37 19
📕 Indices
0 0
📕 Indices CFDs
76 29
📔 ETFs
2,000 5,400
📔 ETFs CFDs
2,000 5,400
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
15 9
📒 Bonds
0 5,000
📒 Bonds CFDs
19 0
📓 Options
0 3,000
📓 Options CFDs
1,000 0
📗 Futures
0 300
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
1/10 of Contract (5,000 Notional) Unavailable
📉 Minimum ETFs Trade Size
1/10 of Contract (5,000 Notional) Unavailable
📈 Minimum Crypto Trade Size
0.01 Contracts Varies by Cryptocurrency (eg: 0.01 units of BTC)
📉 Minimum FX Trade Size
1 Contract $1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
1 Contract Unavailable
📉 Minimum Bonds Trade Size
1 Contract Unavailable
📈 Minimum Futures Trade Size
1 Contract Unavailable
📉 Minimum Options Trade Size
1 Contract Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
250 66
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
No No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

After 24 months of inactivity, IG charges an $18 monthly fee.

Up to $150 after 6 months of inactivity, £25 after one quarter in the UK.

💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract.

Spreads
📈 EUR/USD
Dynamic - From 0.6 Pips Dynamic - From 0.4 to 0.8 Pips
📉 SP500
Dynamic - From 40 Pips Unavailable
📈 GOLD
Dynamic - From 30 Pips Unavailable
📉 TSLA (Stock CFD)
Dynamic - Market Spread Unavailable
📈 XLK (ETF - CFD)
Dynamic - Market Spread Unavailable
📉 BTC
Dynamic - From $90 Unavailable
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No Yes
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
Yes No
📡 Educational Content
Yes No
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
No No
📡 Account Management
No Yes
📡 Webinars
Yes No