IG vs Saxo Bank: which broker is better in 2026?
We compare IG and Saxo Bank — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Both score evenly overall — the right choice depends on which criteria matter most to you.
Side-by-side comparison
CriteriaIGSaxo Bank
Overall score 4.1 4.1
Regulation & safety 4.5 4.5
Fees & deposit 3.5 3.5
Platform & assets 4.5 4.5
User support 4.0 4.0
Trust score85/10085/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsProprietary web platform, Mobile app, MetaTrader 4 (in some markets)SaxoTraderGO (web/mobile), SaxoTraderPRO (desktop), API
Fee modelSpread & commission model varies per product — details not yet verifiedTiered structure based on volume/account tier (Classic/Platinum/VIP) — tends toward premium, not the cheapest; exact figures not yet verified
Pros & cons
- Very strong regulation — supervised by the FCA & a FTSE 100 public company (high financial transparency from public-company duties)
- One of the oldest & largest providers (since 1974) with 19,000+ markets
- Mature platforms: proprietary web + mobile app + MT4 in some markets
- Leveraged products (CFDs/spread betting) remain high-risk regardless of strong regulation
- Spreads/fees aren't always the cheapest compared to low-cost ECN brokers
- Product availability & regulatory entity differ per country — verify which serves your region
- Fully licensed bank (Danish FSA) — prudential oversight + multi-jurisdiction regulation
- Very broad instrument coverage (forex, stocks, ETFs, options, futures, bonds) in one account
- Professional-grade, well-regarded SaxoTraderGO/PRO platform
- Fee structure tends toward premium (not the cheapest), better suited to medium-to-high volume
- Minimum deposit & tiers can feel high for small-capital beginners
- Leveraged products remain high-risk
Regulation at a glance
IG
Regulated by the Financial Conduct Authority (FCA) in the UK. Listed on the London Stock Exchange, a FTSE 100 constituent — high financial transparency due to public-company obligations.
Saxo Bank
A fully licensed bank supervised by the Danish FSA (Finanstilsynet), with entities regulated by the FCA (UK), FINMA (Switzerland), MAS (Singapore), ASIC (Australia), and others. Its 'bank' status adds a layer of prudential oversight.