IG Markets

4.6(2500)

BaFin/FCA

Saxo Bank

4.5(1900)

DFSA/FCA

IG Markets vs Saxo Bank

Head-to-Head Comparison 2026

Our Verdict

IG Markets has a higher rating of 4.6/5 compared to Saxo Bank (4.5/5). Saxo Bank offers 9 instrument types, while IG Markets offers 7. The minimum deposit is lower at Saxo Bank with 0 €. IG Markets is BaFin-regulated, while Saxo Bank is supervised by DFSA/FCA.

Comparison Table

Criteria	IG Markets	Saxo Bank
Rating	4.6/5 (2500 reviews)✓	4.5/5 (1900 reviews)
Regulation	BaFin/FCA	DFSA/FCA
Fees	Spreads from 0.6 pip on forex, from 0.1% on stock CFDs	Stocks from $1, options from $1, forex from 0.4 pip
Min. Deposit	300 €	0 €
Instruments	CFDs, Forex, Options, Indices, Commodities, Stocks CFDs, Crypto	Stocks, Options, Futures, Forex, ETFs, Bonds, CFDs, Commodities, Mutual Funds
Platforms	IG Platform, MT4, ProRealTime, L2 Dealer	SaxoTraderGO, SaxoTraderPRO, Saxo App
Options Trading	Yes, vanilla options and barriers	Yes, comprehensive options trading on global exchanges
Founded	1974	1992
Headquarters	London	Copenhagen

Detailed Comparison

Fee Comparison

IG Markets: Spreads from 0.6 pip on forex, from 0.1% on stock CFDs. Minimum deposit: 300 €.

Saxo Bank: Stocks from $1, options from $1, forex from 0.4 pip. Minimum deposit: 0 €.

Product Range

IG Markets (7 categories)

CFDsForexOptionsIndicesCommoditiesStocks CFDsCrypto

Saxo Bank (9 categories)

StocksOptionsFuturesForexETFsBondsCFDsCommoditiesMutual Funds

Trading Platforms

IG Markets

IG Platform
MT4
ProRealTime
L2 Dealer

Saxo Bank

SaxoTraderGO
SaxoTraderPRO
Saxo App

Regulation & Security

IG Markets is regulated by BaFin/FCA (HQ: London).

Saxo Bank is regulated by DFSA/FCA (HQ: Copenhagen).

Who Is It For?

IG Markets

World-leading CFD provider with 50 years of experience

✓ Over 17,000 markets available

✓ Vanilla options and barriers available

✓ Very long company history since 1974

✗ Minimum deposit €300

✗ High fees for small accounts

Saxo Bank

Premium investment bank with over 72,000 tradable instruments

✓ Over 72,000 tradable instruments

✓ Professional platforms

✓ Comprehensive options trading

✗ Higher fees for entry-level account

✗ Platform complex for beginners

Frequently Asked Questions

Is IG Markets or Saxo Bank cheaper?

IG Markets charges Spreads from 0.6 pip on forex, from 0.1% on stock CFDs. Saxo Bank charges Stocks from $1, options from $1, forex from 0.4 pip. The minimum deposit is 300 € at IG Markets and 0 € at Saxo Bank.

Which broker offers more products: IG Markets or Saxo Bank?

IG Markets offers CFDs, Forex, Options, Indices, Commodities, Stocks CFDs, Crypto. Saxo Bank offers Stocks, Options, Futures, Forex, ETFs, Bonds, CFDs, Commodities, Mutual Funds.

Which broker is better regulated?

IG Markets is regulated by BaFin/FCA. Saxo Bank is regulated by DFSA/FCA. IG Markets has BaFin regulation, which is particularly advantageous for German investors.

Is IG Markets or Saxo Bank better for beginners?

IG Markets has a minimum deposit of 300 € and offers IG Platform, MT4, ProRealTime, L2 Dealer as platforms. Saxo Bank has a minimum deposit of 0 € and offers SaxoTraderGO, SaxoTraderPRO, Saxo App. Saxo Bank has the lower entry barrier.

IG Markets vs Saxo Bank: Which broker is better overall?

The choice between IG Markets (4.6/5, 2500 reviews) and Saxo Bank (4.5/5, 1900 reviews) depends on your needs. IG Markets: World-leading CFD provider with 50 years of experience. Saxo Bank: Premium investment bank with over 72,000 tradable instruments.

IG Markets

World-leading CFD provider with 50 years of experience

Open Account →

From 300 € min. deposit

Saxo Bank

Premium investment bank with over 72,000 tradable instruments

Open Account →

From 0 € min. deposit

IG Markets read review →Saxo Bank read review →