IG Markets versus Saxo Capital Markets

IG Markets and Saxo Capital Markets offer traders excellent choices of trading platforms. The former maintains one of the most competitive MT4 trading environments due to its 18 add-ons and the Autochartist plugin, while the latter only offers the core version. Both brokers offer cutting-edge proprietary trading platforms, but IG Markets also features ProRealTime. Saxo Capital Markets also provides traders with OpenAPI for Excel, services by TradingView, and MultiCharts versus API trading for advanced algorithmic trading solutions at IG Markets.

Both brokers maintain industry-leading institutional divisions and provide retail traders with quality research and education.

We have conducted an in-depth review of IG Markets and Saxo Capital Markets to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsSaxo Capital Markets (visit site)IG Markets (visit site)
Established :
Retail Loss Rate:
Minimum Deposit:
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
£25 quarterly$12 monthly after 24 months
Deposit Fee:
Withdrawal Fee
Funding Methods:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
International BankAPI Trading
Unique Feature Two:
Excellent Asset SelectionMT4 plugins + Autochartist
Broker Offers:


IG Markets and Saxo Capital Markets are leading international brokers and liquidity providers. They offer the best conditions for active traders with custom-tailored solutions and volume-based rebate programs.

Available Markets

Available MarketsSaxo Capital MarketsIG Markets
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
Maximum Pro Leverage:

IG Markets is the leading CFD broker and takes the lead over Saxo Capital Markets, which offers a broader equity selection. Both brokers offer an excellent choice of currency pairs, where Saxo Capital Markets comes out ahead. CFD traders will find IG Markets better versus Saxo Capital Markets for investors.

Typical Spreads and Fees

Typical Spreads & FeesSaxo Capital MarketsIG Markets
Minimum Raw Spreads:
Not applicableNot applicable
Minimum Standard Spreads:
0.4 pips0.6 pips
Minimum Commission for Forex:
Commission for Equities:
0.05% or $0.01/share (US)0.10% or $0.02/share (US)
Execution Type:
Market MakerMarket Maker/ECN

While minimum spreads at Saxo Capital Markets are lower, average costs remain cheaper at IG Markets. Both brokers offer volume-based rebate programs. IG Markets lowers its trading costs below Saxo Capital Markets, where fees depend on the portfolio balance, as traders must qualify for capital-intensive VIP accounts.

Security and Trust

Saxo Capital Markets

Country of the RegulatorName of the RegulatorLicense Number
Financial Supervisory Authority1149
Australian Securities & Investments Commission280372
Czech Republic
Czech National Bank28949587
The Netherlands
Bank of the Netherlands34357130
Monetary Authority of Singapore200601141M
ACPR/AMF495 193 849 R.C.S Paris
Central Bank of the UAE13/248/2019
Japanese Financial Services Agency239
Hong Kong
Securities and Futures Commission1395901

IG Markets

Country of the RegulatorName of the RegulatorLicense Number
Financial Conduct Authority195355
Cyprus Securities and Exchange Commission378/19
Federal Financial Supervisory Authority10148759
Swiss Financial Market Supervisory AuthorityConfirmed, but no regulatory license number
Dubai Financial Services AuthorityF001780
South Africa
Financial Sector Conduct Authority41393
Monetary Authority of SingaporeConfirmed, but no regulatory license number
Japanese Financial Services AgencyUnconfirmed
Australian Securities & Investments Commission220440 & 515106
New Zealand
Financial Markets AuthorityFSP18923

IG Markets is a publicly listed company and FTSE250 constituent, while Saxo Bank is a Danish-based and Chinese-owned investment bank and online brokerage. Both remain equally secure and trustworthy.

Saxo Capital Markets vs IG Markets – Verdict

Saxo Capital Markets

Innovative proprietary trading platforms alongside the core MT4 Limited deposit and withdrawal methods
Competitive trading costs, especially for VIP clientsHigher minimum deposit, which increases based on geographic location
Superior asset selection and market exposure to 50+ global exchanges
Quality research and education for beginner traders

IG Markets

Excellent choice of trading platforms and superior asset selectionLimited deposit and withdrawal methods
Competitive trading costs with a volume-based cash rebate programHigher minimum deposit requirement, but within a reasonable demand
Outstanding trading environment for algorithmic trading, including API support
Comprehensive educational tools for beginner traders

IG Markets and Saxo Capital Markets offer industry-leading services and deep liquidity with low trading costs. IG Markets former is a better choice for traders, while the latter caters better to investors, and both offer in-house managed thematic portfolios. IG Markets takes the lead overall due to its edge in trading costs.

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Is IG reliable for trading?

IG ranks among the most reliable brokers industry wide.

Does Saxo Bank allow scalping?

Saxo Bank allows scalping and has no restrictions on it.

Is Saxo Capital Markets regulated in the USA?

Saxo Capital Markets is unregulated in the USA and does not cater to US-based traders.

Is my money safe with IG?

Client deposits at IG are segregated from corporate funds and held with Tier 1 banks, making them safe.

What happens if IG goes bust?

IG is a publicly listed company and FTSE250 constituent, making a default highly unlikely. Should IG default, the outcome depends on the subsidiary, with various jurisdictions implementing independent client protection schemes.

Is IG regulated?

IG has regulatory licenses and oversight in ten jurisdictions.

Is IG trading free?

IG trading is not free, but IG maintains one of the lowest pricing environments among all competitors.

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