Which trading platform is best, IG or Saxo Markets?
IG is objectively a better trading platform when judged on the criteria below and its beats Saxo Capital Markets in all but two categories. Though those two were the number of markets available and lowest trading costs. Compare IG Index to Saxo Markets to see which is the best broker for your needs and trading style. Choose the brokers based on expert reviews, client sentiment, platform features, prices and fees.
73% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
IG Total Markets
IG Key Info
|Number Active Clients||313000|
|Inactivity Fee||£12 per month|
IG Account Types
|DMA (Direct Market Access)||✔️|
IG Average Fees
|IG Versus CMC Markets|
|IG Versus Pepperstone|
|IG Versus Saxo Markets|
|IG Versus City Index|
|IG Versus Spreadex|
|IG Versus ETX Capital|
|IG Versus Markets.com|
|IG Versus Capital.com|
|IG Versus eToro|
|IG Versus Plus 500|
62% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
|Saxo Markets Reviews|
Saxo Markets Total Markets
Saxo Markets Key Info
|Number Active Clients||525000|
|Inactivity Fee||£25 per quarter|
Saxo Markets Account Types
|DMA (Direct Market Access)||✔️|
Saxo Markets Average Fees
|US Stocks||$0.01 per share|
|Compare Alternatives||Saxo Markets Versus IG|
|Saxo Markets Versus CMC Markets|
|Saxo Markets Versus Pepperstone|
|Saxo Markets Versus City Index|
|Saxo Markets Versus Spreadex|
Which trading platform has the best customer reviews?
IG has better overall trading platform customer reviews compared to Saxo Markets using the Good Money Guides unique multifactor rating system. IG scores 4.05 out of a possible 5.0 points. Compared to Saxo Capital Markets score of 3.625 out of 5.0.
Saxo Markets outscored IG in the Good Money Guide customer reviews, however, IG has a better rating on TrustPilot than its Danish rival, and in reviews on both the Apple app store, and Google Play store.
Which trading platform offers the most markets?
Saxo Markets offers more markets to trade than IG, it has 19,000 instruments available compared to IG’s list of 17,000 instruments. Though IG offers more commodities and equity indices than Saxo Markets.
Which trading platform offers the most platforms?
IG offers more trading platforms compared to Saxo Markets. IG has a dedicated in-house desktop trading platform, a web app, that can be opened and operated on any device, the Metaquotes MT4 platform, and a dedicated equity trading platform, called L2 dealer.
Saxo Markets offers two in-house trading platforms SaxoGo and the more advanced SaxoPro, as well as the Metaquotes MT4 trading software. However, Saxo Markets also offers connectivity to third-party apps, that you can trade from, such as Trading View and Multicharts.
Which trading platform offers the most different types of account?
IG offers the most different types of account compared to Saxo Markets. IG clients can choose from accounts for FX, CFD trading, Spread Betting, Direct Market Access or DMA, as well as physical share dealing and investing accounts. IG is also likely to add exchange-traded futures and options trading as integrates its recent US acquisition, TastyTrade into the wider group.
Saxo Markets offers accounts for CFD and FX trading, as well as futures and options and investment accounts but it does not offer Spread Betting accounts.
Which trading platform is a more established business?
IG is more established than Saxo Markets having been founded in 1974, it’s a quoted company listed on the LSE and a member of the FTSE 250 index.
Saxo Capital Markets was founded in Denmark in 1992 and it established a permanent presence in London in 2006 the company is privately owned and held.
Which trading platform has the lowest trading costs?
Saxo Markets has the lowest trading costs overall, though IG has narrower average spreads in equity index trading. Saxo is cheaper in commodities and individual equity trading, however. Though both firms will discount their headline commission rates, based on a clients trading activity over the prior month.
Which trading platform offers the most margin?
IG is the trading platform that offers the most margin and IG’s professional clients can trade with leverage of up to 222:1 compared to a maximum leverage at Saxo Capital Markets, of 50:1.
Both brokers apply the FCA/ESMA margin restrictions to retail clients accounts these are the highest permissible levels of margin available to retail traders in the UK and Europe under current legislation
Which trading platform offers the lowest overnight financing rates?
IG has lower overnight financing rates compared to Saxo Capital in those products, where a direct comparison were possible. For example, on positions held open overnight in UK equities IG charges LIBOR +/- 2.50%. Whilst Saxo Markets charges, LIBOR +2.50% on long positions and LIBOR -3.0% on shorts.
Which trading platform offers the most added value?
IG offers the most added value scoring 6.0 out of 6.0 in this category compared to Saxo Markets score of 5.0 out of 6.0. Both firms offer personal service, educational resources, research and market analysis, alongside news feeds and charting software. However, only IG offers client sentiment and positioning tools to its customers.