Interactive Brokers

4.8(1823)

BaFin/SEC/FCA

Saxo Bank

4.5(1900)

DFSA/FCA

Interactive Brokers vs Saxo Bank

Head-to-Head Comparison 2026

Our Verdict

Both are premium brokers with massive product offerings. Interactive Brokers offers over 150 exchanges and the lowest commissions, while Saxo Bank impresses with 72,000+ instruments, professional SaxoTrader platforms, and excellent research. Interactive Brokers is cheaper, Saxo offers the more elegant platform.

Comparison Table

Criteria	Interactive Brokers	Saxo Bank
Rating	4.8/5 (1823 reviews)✓	4.5/5 (1900 reviews)
Regulation	BaFin/SEC/FCA	DFSA/FCA
Fees	from €0.65 per contract✓	Stocks from $1, options from $1, forex from 0.4 pip
Min. Deposit	0 €	0 €
Instruments	Stocks, Options, Futures, Forex, Bonds, ETFs, CFDs	Stocks, Options, Futures, Forex, ETFs, Bonds, CFDs, Commodities, Mutual Funds✓
Platforms	TWS, IBKR Mobile, Client Portal	SaxoTraderGO, SaxoTraderPRO, Saxo App✓
Options Trading	Yes, comprehensive	Yes, comprehensive options trading on global exchanges
Founded	1978	1992
Headquarters	Greenwich, USA	Copenhagen

Detailed Comparison

Fee Comparison

Interactive Brokers

Interactive Brokers: from €0.65 per contract. Minimum deposit: 0 €.

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

Product Range

Saxo Bank

Interactive Brokers (7 categories)

StocksOptionsFuturesForexBondsETFsCFDs

Saxo Bank (9 categories)

StocksOptionsFuturesForexETFsBondsCFDsCommoditiesMutual Funds

Trading Platforms

Saxo Bank

Interactive Brokers

TWS
IBKR Mobile
Client Portal

Saxo Bank

SaxoTraderGO
SaxoTraderPRO
Saxo App

Regulation & Security

Interactive Brokers is regulated by BaFin/SEC/FCA (HQ: Greenwich, USA).

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

Who Is It For?

Interactive Brokers

Professional trading platform with comprehensive product range

✓ Low fees

✓ Wide product range

✓ Professional platform

✗ Complex for beginners

✗ Inactivity fee under $100,000

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 Interactive Brokers or Saxo Bank cheaper?

Interactive Brokers charges from €0.65 per contract. Saxo Bank charges Stocks from $1, options from $1, forex from 0.4 pip. The minimum deposit is 0 € at Interactive Brokers and 0 € at Saxo Bank.

Which broker offers more products: Interactive Brokers or Saxo Bank?

Interactive Brokers offers Stocks, Options, Futures, Forex, Bonds, ETFs, CFDs. Saxo Bank offers Stocks, Options, Futures, Forex, ETFs, Bonds, CFDs, Commodities, Mutual Funds.

Which broker is better regulated?

Interactive Brokers is regulated by BaFin/SEC/FCA. Saxo Bank is regulated by DFSA/FCA. Interactive Brokers has BaFin regulation, which is particularly advantageous for German investors.

Is Interactive Brokers or Saxo Bank better for beginners?

Interactive Brokers has a minimum deposit of 0 € and offers TWS, IBKR Mobile, Client Portal as platforms. Saxo Bank has a minimum deposit of 0 € and offers SaxoTraderGO, SaxoTraderPRO, Saxo App. Interactive Brokers has the lower entry barrier.

Interactive Brokers vs Saxo Bank: Which broker is better overall?

The choice between Interactive Brokers (4.8/5, 1823 reviews) and Saxo Bank (4.5/5, 1900 reviews) depends on your needs. Interactive Brokers: Professional trading platform with comprehensive product range. Saxo Bank: Premium investment bank with over 72,000 tradable instruments.