Both Interactive Brokers and Saxo Bank hold 6 global Tier-1 licenses. Founded by one of the original pioneers in the world of high-frequency trading, Interactive Brokers has a streamlined approach to brokerage services that focus on broad market access, low costs, and trade execution. At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Comparing the trading costs of forex and CFDs is not easy. Accessed June 3, 2020. your deposited money. You can lose all of See a side by side … Overall, between Interactive Investor and Saxo Markets, Saxo Markets is the winner. For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Accessed June 3, 2020. Interactive Brokers. For traders that can afford the USD 10,000 minimum deposit (GBP 500 for the UK), Saxo Bank offers competitive pricing, excellent trading platforms, brilliant research, reliable customer service, and over 40,000 instruments to trade. Saxo. Accessed June 3, 2020. You should start trading only if you are aware of this risk. Online brokers compared for fees, trading platforms, safety and more. "Connect to Global Capital Markets." can continue to provide broker reviews for free. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBrokers.com, nor shall it bias our reviews, analysis, and opinions. Let's compare Interactive Brokers vs Saxo Bank. Saxo Capital Markets are based in London, UK, while Interactive Brokers are based in Level 20 Heron Tower, 110 Bishopsgate, London EC2N 4AY . Education includes learning how to use the trading platform and how to design portfolio or active investing strategies. We also reference original research from other reputable publishers where appropriate. Saxo Bank provides traders 170 currency pairs (e.g., EUR/USD) compared to Interactive Brokers's 105 available pairs. Equities / ETFs / Funds / Bonds / Options / Futures, I acknowledge that my information will be used in accordance with the. Interactive Brokers. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. Not every broker publishes average spreads data, and pricing structures vary. Advertiser Disclosure: ForexBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. "Traders' Academy." "Stock Trading." Our recommendations and rankings are based on our All features compared, Saxo Markets offers a better share dealing platform. methodology, independent from partnerships we have. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. The PIN-protected mobile platform is available on Android and iOS, and is a slimmed-down version of the desktop software. Its simplicity avoids much of the annoying menu drilling from the desktop version, and configuration is easy. © 2020 Reink Media Group LLC. Traders using SaxoPRO on the desktop can only use SaxoGO on mobile devices, but the look and feel are very similar and shouldn’t present a problem for investors who don’t rely on the advanced functionality when away from a PC. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. "Meet IBot, The Natural Way to Trade." While ForexBrokers.com has some data verified by industry participants, it can vary from time to time. BrokerChooser is free for everyone, but earns a commission from These include white papers, government data, original reporting, and interviews with industry experts. Disclaimer: Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade. We get a Especially since they have no minimums. One App." Unfortunately, logging into the mobile version shuts down the desktop automatically. The SaxoGO expertise is constant from desktop to pill to cellphone, which makes cell buying and selling a greater expertise in comparison with Interactive Brokers … ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. Well known in the Forex industry, Saxo also provides traders access to stocks, options, futures, CFDs, and ETFs. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. Conclusion. some of the brokers. What about MetaTrader and copy trading? By trading with securities and derivatives you are taking a high degree of risk. While Interactive Broker’s desktop platform is difficult to learn and lacks many expected features, it is fast which is a plus for active traders. Founded in 1992 and headquartered in Denmark, Saxo Capital Markets (Saxo) offers a nearly unmatched spectrum of markets, trading instruments, and account types to investors. Hi everyone, New here and planning to invest in an S&P500 ETF listed on LSE, domiciled in Ireland, with adding monthly contributions over the long term. Saxo’s charts, news feeds, and analysis tools in the platform are far superior to Interactive Brokers in our opinion.. Interactive Brokers. By using Investopedia, you accept our, Investopedia requires writers to use primary sources to support their work. commission, with no additional cost to you. Ironically, charting is better on mobile than on the desktop version, with a variety of indicators and a clean interface. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. Investopedia uses cookies to provide you with a great user experience. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. How do we make money? For example, Interactive Brokers’ Traders’ Academy is intended to provide more detailed course material but has just two programs, TWS for Beginners and an Introduction to Options., Saxo has invested heavily in education for traders in just about any market. Which trading platform is better: Interactive Brokers or Saxo Bank? Accessed June 3, 2020. While both brokers allow the user to trade stocks, ETFs, mutual funds, futures, bonds, options, IPOs, government bonds, and Forex, Interactive Brokers is cheaper for the average investor on almost every front. Comparing forex brokers side by side is no easy task. In addition, IBKR Lite clients pay no commission on U.S.-based equities, though they are restricted to the web-based Client Portal and IB's mobile apps. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Accessed June 3, 2020. All regulators considered, Saxo Bank has a Trust Score of 99.00, while Interactive Brokers's Trust Score is 94.00. The pro version is very similar to the entry-level platform but with additional multi-screen functionality, market analysis, and automation. Saxo. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. The easiest way to compare Saxo Bank and Interactive Brokers is to check the Brokerchooser comparison site. Saxo is really expensive. Finally, we found Saxo Bank to provide better mobile trading apps. Interactive Brokers. Saxo’s charts, information feeds, and evaluation instruments within the platform are far superior to Interactive Brokers in our opinion. Disclaimers
) The spread cost for EUR/USD spot at Saxo averaged 1 pip over the last month (as of August 2018) while Interactive Brokers was .8 pips, much closer to the industry average. Interactive Brokers. While Saxo Bank offers copy trading, Interactive Brokers does not. your needs. Teaming up with BlackRock …
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