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.

ig review
Visit IG
73% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
IG Reviews
IG Total Markets
17000
Forex Pairs51
Commodities38
Indices34
UK Stocks3925
US Stocks6352
ETFs2000
IG Key Info
Number Active Clients313000
Minimum Deposit250
Inactivity Fee£12 per month
Founded1974
Public Company✔️
IG Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)✔️
Futures Trading
Options Trading
Investing Account✔️
IG Average Fees
FTSE 1001
DAX 301.2
DJIA2.4
NASDAQ1
S&P 5000.4
EURUSD0.6
GBPUSD0.9
USDJPY0.7
Gold0.3
Crude Oil0.28
UK Stocks0.001
US Stocks0.001
IG Alternatives
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
Table last updated: 17th November 2021 3:55 pm

saxo capital makets review
Visit Saxo
62% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Saxo Markets Reviews
Saxo Markets Total Markets
9000
Forex Pairs182
Commodities19
Indices29
UK Stocks5000
US Stocks2000
ETFs675
Saxo Markets Key Info
Number Active Clients525000
Minimum Deposit500
Inactivity Fee£25 per quarter
Founded1992
Public Company
Saxo Markets Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting
DMA (Direct Market Access)✔️
Futures Trading✔️
Options Trading✔️
Investing Account✔️
Saxo Markets Average Fees
FTSE 1001
DAX 301
DJIA3
NASDAQ1
S&P 5000.5
EURUSD0.6
GBPUSD0.7
USDJPY0.6
Gold0.6
Crude Oil0.5
UK Stocks0.0005
US Stocks$0.01 per share
Compare AlternativesSaxo Markets Versus IG
Saxo Markets Versus CMC Markets
Saxo Markets Versus Pepperstone
Saxo Markets Versus City Index
Saxo Markets Versus Spreadex
Table last updated: 24th November 2021 2:36 pm

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.

Find out why customer reviews are important

 

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.

Find out why market access is important

 

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.

Find out why trading platforms are important

 

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.

Find out why account types are important

 

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.

Find out why a trading platforms history is important

 

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.

Find out why trading costs are important

 

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

Find out why leverage and margin are important

 

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.

Find out why overnight financing rates are important

 

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.

Find out why added value is important

Scroll to Top