Scores, winners and data below compare these brokers as CFD brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
IG Markets
Available in your country IG Markets accepts clients from the country this site is for.
69% of retail investor accounts lose money when trading CFDs with this provider.
Saxo
Available in your country Saxo accepts clients from the country this site is for.
65% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders IG Markets and Saxo are best suited to, based on what each one actually offers in India.IG Markets is better than Saxo for professional traders and crypto traders, while Saxo is better for day traders, long-term investors and futures traders. High-volume traders, scalpers and swing traders can choose either IG Markets or Saxo.
| Overall score | IG Markets 87 not offered | Saxo 87 87 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise IG Markets and the ones that supervise Saxo.IG Markets and Saxo are both regulated by top-tier authorities, IG Markets by BaFin, the FCA (United Kingdom) and the JFSA (Japan) and Saxo by Finanstilsynet Denmark, ASIC (Australia) and the SFC (Hong Kong).
| Section score | IG Markets 100 not offered | Saxo 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | Finanstilsynet (Denmark) | |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that IG Markets and Saxo have in place to protect your money in India.IG Markets and Saxo both offer segregated client funds and two-factor authentication. Both IG Markets and Saxo are licensed banks. Saxo also offers additional money insurance.
| Section score | IG Markets 78 -2 not offered | Saxo 80 80 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1974 | 1992 |
| Parent company i | IG Group Holdings plc | Saxo Bank A/S |
| CEO i | Breon Corcoran | Kim Fournais |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Commonwealth Bank|Westpac|HSBC | |
| Brand power | ||
| Number of customers worldwide i | 820,000 | 1,200,000 |
| Annual revenue i | USD 987,300,000 | USD 727,595,340 |
| Monthly website search traffic i | 97.1K monthly visits | 1.7M monthly visits |
Costs
What we compare A comparison of what it costs to trade with IG Markets and with Saxo in India, both on each trade and on holding the account.Saxo is better than IG Markets for CFD costs, since Saxo is cheaper on EUR/USD, at 7 USD per lot (against IG Markets' 8.6 USD), and does not charge inactivity fees, unlike IG Markets. Neither IG Markets nor Saxo charges account maintenance fees or deposit fees.
IG Markets does not offer real stocks, being a CFD broker, so Saxo and IG Markets cannot be compared for real stock costs.
| Section score | IG Markets 67 -14 not offered | Saxo 81 Best 71 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | Free |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 8.6 | USD 7 |
| S&P 500 fees (CFD) i | 0.4 points | 0.7 points |
| Gold fees (CFD) i | 0.3 points | 0.34 points |
| Bitcoin fees (CFD) i | USD 45 | USD 308 |
| US stocks fees (CFD) i | USD 0.02 | USD 0.08 |
| Fees on stocks | ||
| Stock fee type i | Commission | |
| US stocks fees (real) i | USD 2 | |
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 2 | USD 3 |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | USD 2 | USD 2 |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with IG Markets and with Saxo in India, and of how many instruments each one gives access to.IG Markets and Saxo are equally good for CFD markets, as IG Markets offers options on stocks. On the other hand, Saxo gives access to 71,000 tradable symbols (against IG Markets' 17,000), and lets you own bonds, ETFs, funds and stocks outright. Both IG Markets and Saxo offer CFDs on commodities, crypto, forex, indices and stocks, and offer options on commodities, forex and indices.
There is no like-for-like comparison for real stock markets, as IG Markets is a CFD broker and does not offer real stocks.
| Section score | IG Markets 100 not offered | Saxo 100 100 |
|---|---|---|
| Total tradable symbols i | 17,000 | 71,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Commodities, Forex, Indices | |
| Options i | Commodities, Forex, Indices, Stocks | Commodities, Forex, Indices |
| Assets you can own i | Bonds, ETF, Funds, Stocks |
Platform
What we compare A comparison of the trading platforms that IG Markets and Saxo make available to their clients in India.IG Markets is better than Saxo for platforms, given that IG Markets offers MetaTrader 5, MetaTrader 4 and TradingView, which Saxo does not. IG Markets and Saxo both offer a proprietary platform and AutoChartist.
IG Markets does not offer real stocks, being a CFD broker, so Saxo and IG Markets cannot be compared for platforms.
| Section score | IG Markets 91 Best not offered | Saxo 86 -5 86 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of IG Markets and Saxo in India, and of what each one lets you do from your phone.IG Markets is better than Saxo for mobile trading, since IG Markets offers the MetaTrader 5 app and the MetaTrader 4 app, which Saxo does not. Both IG Markets and Saxo offer a proprietary mobile app and mobile trading signals.
Saxo and IG Markets cannot be compared for mobile trading, because Saxo is a broker offering both CFDs and stocks while IG Markets is a CFD broker.
| Section score | IG Markets 93 Best not offered | Saxo 87 -6 87 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that IG Markets and Saxo allow on their platforms in India.IG Markets is better than Saxo for CFD trading features, since IG Markets has less slippage, at 11% (against Saxo's 20.7%), offers guaranteed stop losses, which Saxo does not, and allows for hedging. Both IG Markets and Saxo offer negative balance protection and trailing stops.
IG Markets does not offer real stocks, being a CFD broker, so Saxo and IG Markets cannot be compared for real stock trading features.
| Section score | IG Markets 89 Best not offered | Saxo 85 -4 77 |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | NDD |
| Average execution time i | 14 ms | 12 ms |
| Slippage occurrence i | 11% | 20.7% |
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 200:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 133:1 | 20:1 |
| Major indices leverage i | 200:1 | 20:1 |
| Minor indices leverage i | 200:1 | 10:1 |
| Gold leverage i | 200:1 | 20:1 |
| Commodities leverage i | 67:1 | 10:1 |
| Equities leverage i | 20:1 | 5:1 |
| Cryptocurrency leverage i | 10:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at IG Markets and at Saxo in India, and of who each one is meant for.IG Markets and Saxo are equally good for CFD account types, as IG Markets offers a professional traders account and an unlimited demo account while Saxo offers a managed account and a raw spread account. IG Markets and Saxo both offer a demo account and a corporate account.
Saxo and IG Markets cannot be compared for real stock account types, because Saxo is a broker offering both CFDs and stocks while IG Markets is a CFD broker.
| Section score | IG Markets 48 not offered | Saxo 46 -2 83 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with IG Markets and with Saxo in India.IG Markets is better than Saxo for account opening, because IG Markets offers 6 account base currencies (against Saxo's 2), credits deposits faster, within the same day (against Saxo's 2 days), and pays out withdrawals faster, within 1 day (against Saxo's 2 days). Neither IG Markets nor Saxo requires a minimum deposit.
IG Markets does not offer real stocks, being a CFD broker, so Saxo and IG Markets cannot be compared for account opening.
| Section score | IG Markets 70 Best not offered | Saxo 65 -5 65 |
|---|---|---|
| Minimum deposit i | USD 0 | USD 0 |
| Minimum withdrawal i | USD 150 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | ||
| Local payment methods i | ||
| Account base currencies i | AUD, EUR, GBP, HKD, SGD, USD | EUR, USD |
| Deposit waiting time i | Instant | up to 2 business days |
| Withdrawal waiting time i | up to 1 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of IG Markets and Saxo in India, in how it can be reached and how fast it answers.IG Markets and Saxo are equally good for customer care, since IG Markets offers live chat. On the other hand, Saxo offers customer support in 15 languages (against IG Markets' 12). Both IG Markets and Saxo offer a dedicated account manager and phone support.
Only Saxo can be assessed for customer care, since IG Markets is a CFD broker and does not offer real stocks.
| Section score | IG Markets 87 not offered | Saxo 87 87 |
|---|---|---|
| Number of languages supported i | 12 | 15 |
| Website languages i | Arabic, Danish, German, English, French, Italian, Dutch, Norwegian, Portuguese, Russian, Spanish, Swedish | Arabic, Danish, English, French, Hungarian, Italian, Dutch, Norwegian, Polish, Russian, Slovenian, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, Danish, German, English, French, Italian, Dutch, Norwegian, Portuguese, Russian, Spanish, Swedish | Arabic, Czech, German, English, Finnish, French, Hungarian, Italian, Dutch, Norwegian, Polish, Russian, Slovenian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that IG Markets and Saxo provide to their clients in India.IG Markets and Saxo are equally good for learning, as both offer education for advanced traders and webinars.
There is no like-for-like comparison for learning, as IG Markets is a CFD broker and does not offer real stocks.
| Section score | IG Markets 100 not offered | Saxo 100 100 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
IG Markets vs Saxo: which one should you choose?
IG Markets
CFD Choose IG Markets, regulated by BaFin and the FCA, if you want a CFD and forex broker with MetaTrader 4, MetaTrader 5 and a guaranteed stop loss.
Open Account 69% of retail investor accounts lose money when trading CFDs with this provider.
Saxo
CFD Choose Saxo, regulated by Finanstilsynet and the FCA, if you want an online CFD broker with high-frequency trading strategies and a wide choice of markets.
Stocks Choose Saxo, regulated by Finanstilsynet and the FCA, if you want a stock brokerage service for options and futures trading, with a wide choice of markets.
Open Account 65% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include IG Markets or Saxo, each scored with the same data and method as this page.
