IC Markets vs Saxo Bank
An in-depth comparison to help you choose the right broker for your trading journey.
QUICK VERDICT
Who Wins?
VS
HEAD-TO-HEAD
Side-by-Side Comparison
Feature
Overall Rating
4.6/5
4.5/5
Minimum Deposit
$200
$2,000
Spreads From
0.0 pips
0.4 pips
Max Leverage
Up to 500:1
Up to 30:1 (EU)
Instruments
2,250+
71,000+
Fees Score
4.9/5
3.5/5
Platforms Score
4.7/5
4.8/5
Education Score
3.5/5
4.3/5
Safety Score
4.5/5
4.9/5
Platforms
MetaTrader 4, MetaTrader 5, cTrader, TradingView
SaxoTraderGO, SaxoTraderPRO, SaxoInvestor
Founded
2007
1992
Headquarters
Sydney, Australia
Copenhagen, Denmark
ANALYSISOpen IC Markets AccountOpen Saxo Bank Account
Pros & Cons
Pros
- Industry-leading raw spreads from 0.0 pips
- True ECN execution with no dealing desk
- $1 trillion+ monthly trading volume
- Multiple platforms including TradingView
- Excellent for high-frequency and algo trading
- Deep institutional liquidity
Cons
- $200 minimum deposit
- Limited educational content
- No proprietary platform
- Basic research tools
Pros
- 71,000+ instruments
- Award-winning platforms
- Bank-level security
- Premium research
- Options and futures
Cons
- High minimum deposit ($2,000)
- Premium pricing
- Complex for beginners
- Inactivity fees
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