Updated Oct 20 2022
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Overview | |
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. |
Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments. |
Best For | |
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Licenses | |
Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by |
Financial Regulation Regulated Top-tier Licenses 10 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
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The Good | |
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The Bad | |
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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 | |
4 days | 1 day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1992 | 1978 |
💳 Minimum Deposit Range | |
From $500 up to $2,000 | 0 |
💰 Payment Methods | |
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💵 Account Base Currencies | |
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. | 23 - USD, EUR, GBP, AUD, CAD, CHF, CNY, CZK, DK, HKD, HUF, INR, ILS, JPY, MXN, NZD, NOK, PLN, RUB, SGD, ZAR, KRW, SEK. |
🗽 Available to U.S Citizens | |
No | Yes |
❌ Restricted Countries | |
US, BR, ES, IN, KE, MX, NG, PK, ZA. |
AF, SY, SO, SD, LY, NG, BI. |
📊 STP Account | |
Yes | Yes |
📊 DMA Account | |
Yes | Yes |
📊 ECN Account | |
Yes | Yes |
Banking License | |
No | No |
Debit Card | |
No | Yes | Assets |
📚 Assets Type | |
Hybrid | Hybrid |
Total Asset Offering | |
49,339 | 173,105 |
Exchange Access | |
0 | 78 |
📙 Real Stocks | |
30,000 | 100,000 |
📙 Stock CFDs | |
0 | 0 |
📘 Currency Pairs | |
0 | 105 |
📘 Currency Pair CFDs | |
182 | 0 |
📗 Commodities | |
0 | 0 |
📗 Commodities CFDs | |
19 | 0 |
📕 Indices | |
0 | 0 |
📕 Indices CFDs | |
29 | 0 |
📔 ETFs | |
5,400 | 13,000 |
📔 ETFs CFDs | |
5,400 | 0 |
💸 Cryptocurrencies | |
0 | 0 |
💸 Cryptocurrency CFDs | |
9 | 0 |
📒 Bonds | |
5,000 | 60,000 |
📒 Bonds CFDs | |
0 | 0 |
📓 Options | |
3,000 | 0 |
📓 Options CFDs | |
0 | 0 |
📗 Futures | |
300 | 0 |
📗 Futures CFDs | |
0 | 0 | Trading Experience |
📈 Minimum Stock Trade Size | |
Unavailable | Variable - Fractions Allowed |
📉 Minimum ETFs Trade Size | |
Unavailable | Variable - Fractions Allowed |
📈 Minimum Crypto Trade Size | |
Varies by Cryptocurrency (eg: 0.01 units of BTC) | Unavailable |
📉 Minimum FX Trade Size | |
$1,000 (0.01 lots) | $25,000 (0.25 lots) |
📈 Minimum Commodities Trade Size | |
Unavailable | Varies per commodity (eg: 1 Ounce of Gold) |
📉 Minimum Bonds Trade Size | |
Unavailable | $1,000 for corporate/muni bonds, $1 million for treasury bonds |
📈 Minimum Futures Trade Size | |
Unavailable | 1 Contract |
📉 Minimum Options Trade Size | |
Unavailable | 1 Contract |
💪 Retail Leverage | |
30 | Unavailable |
💪 Professional Leverage | |
66 | Unavailable |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
Yes | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
No | No |
📺 MetaTrader 5 | |
No | No |
📺 cTrader | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | No |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
Yes | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
Up to $150 after 6 months of inactivity, £25 after one quarter in the UK. |
None |
💰 Deposit Fees | |
None | None |
💰 Withdrawal Fees | |
None | One free withdrawal per month, subsequent are $10 per withdrawal or equivalent |
💰 Commissions | |
$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract. |
Commissions depend on market and residency:
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Spreads |
📈 EUR/USD | |
Dynamic - From 0.4 to 0.8 Pips | Dynamic - From 0.1 Pips |
📉 SP500 | |
Unavailable | Dynamic - From 01 Pip |
📈 GOLD | |
Unavailable | Unavailable |
📉 TSLA (Stock CFD) | |
Unavailable | Dynamic - From $0.50 |
📈 XLK (ETF - CFD) | |
Unavailable | Unavailable |
📉 BTC | |
Unavailable | Unavailable | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
Yes | Yes |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
No | Yes |
📡 Educational Content | |
No | No |
📡 Live Chat Support | |
Yes | Yes |
📡 Video Tutorials | |
No | No |
📡 Account Management | |
Yes | Yes |
📡 Webinars | |
No | No |