Compare Saxo Bank Vs IC Markets: Which is the Better Forex Broker in 2024?
Saxo Bank Vs IC Markets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Saxo Bank Vs IC Markets, here is the direct comparison:
Compare | Saxo Bank | IC Markets |
General Rating |
1.00/5 |
4.02/5 |
Score | ||
Trustpilot |
3.7/5 5545 users |
4.8/5 32767 users |
πΌ Regulation | ||
β Info | ||
β Established | 1992 | 2007 |
π² Min Deposit | $2000 | $200 |
β Max Leverage | 1:200 | 1:1000 |
π’ Spread | Fixed | Variable |
πΈ Commissions | $3.50 | |
π‘ Min Position | 0.05 lot | 0.01 lot |
π³ Payment | Wire transfer and Credit/debit cards | Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Hebrew, Dutch, Norwegian, Polish, Romanian, Russian, Slovenian, Chinese | Arabic, Chinese, English, German, Indonesian, Japanese, Korean, Malay, Portuguese, Russian, Spanish |
πͺ Trade Now | Open Saxo Bank | Open IC Markets |
Compare Again
Testimonials
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Saxo Bank: Customer service simply does not exist. Forget them. They have...
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Saxo Bank: started the online application process but midway through i checked...
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Saxo Bank: They seriously need to learn how to communicate to new...
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Saxo Bank: After 2 years of being there as a trader and...
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Saxo Bank: Saxo says no withdrawal fee, but actually withdrawal has a...
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IC Markets: I am happy to cooperate with this broker
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IC Markets: Failed to log in...again
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IC Markets: Tough withdrawal
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IC Markets: Mediocre but okay
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IC Markets: good for backtest strategy
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See More Saxo Bank Testimonials
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See More IC Markets Testimonials
News
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IC Markets Dives into Prop Trading with ICFunded Launch
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IC Markets and Bloomberg Team Up Again for ICYT Season 4
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Saxo Bank Wins Prime of Prime Award at FX Markets Asia Awards 2024
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Level Up Your Trading in IC Markets Global with TradingView
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IC Markets Faces Class-Action Lawsuit in Australia for Alleged Misleading Conduct
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Charlie White-Thomson Steps Down as UK CEO of Saxo Bank Forex Broker
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Saxo Bank Sees 23% Drop in FX Volume for January
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Earn Cash While You Sleep with IC Markets Refer a Friend
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IC Markets Launches IC Shares: Invest in ASX & CBOE with Zero Fees
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See More Related Saxo Bank News
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Article
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Earn Up to $150 from IC Markets Global Exclusive Redeemable Bonus
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Elevate Your Trade with IC Markets MT4 Advanced Tools
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Master IC Markets cTrader Platform with This Guide
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Social Trading Platforms in IC Markets You Should Know
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IC Markets Correlation Trader: the Must-Have Tool for Savvy Traders
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Comparing Tickmill Vs IC Markets Mobile App
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XM Vs IC Markets Trading App, Which One is Better?
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IC Markets Partner: A Way to Get Passive Income without Trading
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IC Markets Slippage Policy vs Traders' Testimonies
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Saxo Bank provides their pricing with Fixed spread while IC Markets offers Variable spread.
Saxo Bank vs IC Markets: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Saxo Bank enables trading with SaxoTraderPRO (Limited with 20 days), SaxoWebTrader (Limited with 20 days), SaxoTraderGO (Limited with 20 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, IC Markets provides trading with MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal, Social Trading, ZuluTrade with the support of One-click trading, Trailing stop, Pending orders.
Is Saxo Bank or IC Markets better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Saxo Bank supports trading with Forex, Gold & silver, CFD, Spread betting, Crypto, while IC Markets presents the ability of trading with Forex, CFD, Bonds, Crypto, Commodities, Gold, Oil, Indices, Stock.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to Saxo Bank and IC Markets:
- Compare Saxo Bank vs easyMarkets
- Compare Saxo Bank vs RoboForex
- Compare Saxo Bank vs Fxview
- Compare IC Markets vs Admirals
- Compare IC Markets vs InstaForex
- Compare IC Markets vs DeltaStock
For more comparisons, visit this page.