Comparison IFC Markets vs Saxo Bank

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares IFC Markets vs Saxo Bank. Is IFC Markets or Saxo Bank a better online broker?

First of all, we’ll compare the commission fees of the two brokers. The commission fee of IFC Markets on regular transactions of the stock exchange is from 0.1%, and Saxo Bank has a commission fee of from 0.1% commission. Now, let’s compare commission fees in Forex, the commission fee of IFC Markets is spreads from 0.4 pips, and the commission fee of Saxo Bank is from 0.4 pips. We can also analyze commission fees for trading CFD: they are spreads from 34 pips in IFC Markets vs from £0.85 in Saxo Bank. For a more complete picture, let’s consider trading in the metal market, where IFC Markets and Saxo Bank have commission fees of fixed spreads at 45 pips and from 0.1% commission, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided to customers by IFC Markets and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by Saxo Bank. As for platforms, IFC Markets offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, MT5, Android App, iOS App, while Saxo Bank offers Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. IFC Markets was established in 2006 in British Virgin Islands, and it is regulated by BVI FSC. And Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. We can withdraw funds from IFC Markets with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is fees vary. And Saxo Bank provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is 0. The withdrawal time for IFC Markets is 1 - 5 business days, and that one for Saxo Bank is 1-2 business days.

As a result, the rating of IFC Markets is 4.8 stars versus that of Saxo Bank of 4.1 stars.