IG Group vs Saxo Bank 2026: Which Broker is Better?

Regulation & Safety

IG Group and Saxo Bank are both highly reputable brokers with a strong regulatory framework. IG Group is regulated by top-tier authorities such as the Financial Conduct Authority (FCA) in the UK, Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS), and the US Securities and Exchange Commission (SEC). This multi-jurisdictional regulation provides IG Group clients with a high level of security and protection.

Saxo Bank is similarly regulated by FCA, MAS, and ASIC, ensuring that it adheres to stringent financial standards. While both brokers offer robust fund protection schemes, IG Group stands out with its extensive global reach and long-standing history of over 50 years in the industry, further enhancing client confidence.

Fees & Spreads

When it comes to fees and spreads, both brokers offer competitive pricing, though there are notable differences. IG Group offers spreads starting from 0.6 pips with no commission on forex trades, making it a cost-effective choice for frequent traders. However, it does have a $250 minimum deposit requirement and an inactivity fee applied after two years, which may affect long-term account holders.

Saxo Bank, on the other hand, provides spreads starting from 0.4 pips but charges a commission of 0.08% on trades. The minimum deposit is significantly higher at $2,000, which could be a barrier for new traders. Saxo Bank's fee structure is generally higher, particularly for smaller accounts, making it more suitable for those with larger investment capital.

Trading Platforms

IG Group and Saxo Bank both offer proprietary web and mobile platforms. IG Group's platforms are complemented by the widely used MetaTrader 4 (MT4), which is ideal for traders looking for advanced charting tools and automated trading options. Saxo Bank's SaxoTraderGO platform is highly regarded for its professional-grade features, offering a sophisticated trading experience with access to real stocks and bonds, not just CFDs.

Who Should Choose IG Group?

• Traders looking for a broker with over 17,000 markets.
• Individuals who prefer a lower minimum deposit of $250.
• Investors interested in top-notch research and news.
• Forex traders seeking zero-commission trades.

Who Should Choose Saxo Bank?

• Professional traders requiring access to over 40,000 instruments.
• Investors interested in trading real stocks and bonds.
• Traders who prefer a sophisticated, professional-grade platform.
• Those with larger accounts who can afford the $2,000 minimum deposit.

Our Verdict

IG Group is the better choice for beginners due to its lower minimum deposit and zero-commission trades. Saxo Bank appeals more to professional traders with its advanced platform and extensive range of instruments. When considering fees, IG Group generally offers a more cost-effective solution for forex traders.