Saxo Bank vs Interactive Brokers — Which Is Better for You?

Compare Saxo Bank and Interactive Brokers to find the right broker for you.

Quick Verdict

Both are premium brokers for professionals; choose Saxo Bank for European focus and banking services; choose Interactive Brokers for lower fees and wider US market access.

Decision criteria

Comparison Table

Broker	Pros	Cons
Saxo Bank See Review →	Access to 71,000+ instruments across global markets Institutional-grade research and analysis Award-winning SaxoTraderGO and SaxoTraderPRO platforms Extensive educational content and market insights Strong banking-level regulation and security Advanced portfolio management tools	Higher fees compared to discount brokers Minimum deposit of $2,000 for most accounts Inactivity fee ($100 per quarter after 6 months) Complex pricing structure May be overwhelming for casual investors
Interactive Brokers See Review →	Access to 150+ markets worldwide Extremely competitive pricing and low margin rates Advanced trading platforms (Trader Workstation, IBKR Mobile) Comprehensive research and analytics tools Strong regulatory oversight across multiple jurisdictions Wide range of tradable assets: stocks, options, futures, forex, bonds	Complex platform may overwhelm beginners Inactivity fee ($20/month if equity under $100k, waived for certain accounts) Customer service can be slow during peak times Minimum deposit requirements vary by country Less intuitive interface compared to beginner-focused brokers

Ready to get started? Find My Broker