Broker comparison

Interactive Brokers vs.
Saxo Bank

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

Both are premium brokers with massive product offerings. Interactive Brokers offers over 150 exchanges and the lowest commissions, while Saxo Bank impresses with 72,000+ instruments, professional SaxoTrader platforms, and excellent research. Interactive Brokers is cheaper, Saxo offers the more elegant platform.

Professional trading platform with comprehensive product range

Premium investment bank with over 72,000 tradable instruments

At a glance

The key differences

Criterion
PlatformsTWS, IBKR Mobile, Client PortalSaxoTraderGO, SaxoTraderPRO, Saxo App
Product typesStocks, Options, Futures, Forex, Bonds, ETFs, CFDsStocks, Options, Futures, Forex, ETFs, Bonds, CFDs, Commodities, Mutual Funds
Options tradingYes, comprehensiveYes, comprehensive options trading on global exchanges
Fee modelOption fees vary by market and plan (Fixed/Tiered)Stocks from $1, options from $1, forex from 0.4 pip
Minimum deposit0 €0 €
RegulationCentral Bank of Ireland (CBI)DFSA/FCA
More informationDetailsDetails

Platforms

Interactive Brokers

TWS, IBKR Mobile, Client Portal

Saxo Bank

SaxoTraderGO, SaxoTraderPRO, Saxo App

Product types

Interactive Brokers

Stocks, Options, Futures, Forex, Bonds, ETFs, CFDs

Saxo Bank

Stocks, Options, Futures, Forex, ETFs, Bonds, CFDs, Commodities, Mutual Funds

Options trading

Interactive Brokers

Yes, comprehensive

Saxo Bank

Yes, comprehensive options trading on global exchanges

Fee model

Interactive Brokers

Option fees vary by market and plan (Fixed/Tiered)

Saxo Bank

Stocks from $1, options from $1, forex from 0.4 pip

Minimum deposit

Interactive Brokers

0 €

Saxo Bank

0 €

Regulation

Interactive Brokers

Central Bank of Ireland (CBI)

Saxo Bank

DFSA/FCA

More information

Interactive Brokers

Details

Saxo Bank

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

Option fees vary by market and plan (Fixed/Tiered)

Published fee
Option fees vary by market and plan (Fixed/Tiered)
Minimum deposit
0 €
See terms at provider

Stocks from $1, options from $1, forex from 0.4 pip

Published fee
Stocks from $1, options from $1, forex from 0.4 pip
Minimum deposit
0 €
Spread figure
EUR/USD from 0.4 pip (Classic), 0.2 pip (VIP)
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

IBIE offers SmartRouting for products listed on multiple venues. It continually checks available prices and costs; use depends on the product and trading permissions.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

StocksOptionsFuturesForexBondsETFsCFDs
StocksOptionsFuturesForexETFsBondsCFDsCommoditiesMutual Funds

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

TWS · IBKR Mobile · Client Portal

Interactive Brokers offers the Trader Workstation (TWS) as a professional desktop platform with options analytics, Risk Navigator, Strategy Builder, and over 100 order types. IBKR Mobile is the app for mobile trading, the Client Portal provides a simplified web interface.

Explore platform

SaxoTraderGO · SaxoTraderPRO · Saxo App

Saxo Bank offers three trading platforms: SaxoTraderGO is the web-based main platform with modern design, comprehensive charting tools, option chains, stock screeners, and integrated research reports. SaxoTraderPRO caters to professional traders with multi-monitor support, extended order book, algorithmic trading, and real-time analyses. The Saxo App provides the full range of features on mobile, including options trading and portfolio management.

Explore platform

Regulation & security

Interactive Brokers Ireland Limited

Central Bank of Ireland (CBI)

Regulatory information

DFSA/FCA

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

Professional trading platform with comprehensive product range

  • Low fees
  • Wide product range
  • Professional platform
  • Complex for beginners
  • More complex pricing structure

Premium investment bank with over 72,000 tradable instruments

  • Over 72,000 tradable instruments
  • Professional platforms
  • Comprehensive options trading
  • Higher fees for entry-level account
  • Platform complex for beginners

Find the broker that fits

Interactive Brokers oder Saxo Bank?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

Interactive Brokers4.8
  • Low fees
  • Wide product range
  • Professional platform
Saxo Bank4.5
  • Over 72,000 tradable instruments
  • Professional platforms
  • Comprehensive options trading
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between Interactive Brokers and Saxo Bank?
Interactive Brokers: Option fees vary by market and plan (Fixed/Tiered). Saxo Bank: Stocks from $1, options from $1, forex from 0.4 pip. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: Interactive Brokers or Saxo Bank?
Interactive Brokers offers Stocks, Options, Futures, Forex, Bonds, ETFs, CFDs. Saxo Bank offers Stocks, Options, Futures, Forex, ETFs, Bonds, CFDs, Commodities, Mutual Funds.
How are Interactive Brokers and Saxo Bank regulated?
The broker profiles list Central Bank of Ireland (CBI) for Interactive Brokers and DFSA/FCA for Saxo Bank. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Interactive Brokers or Saxo Bank better for beginners?
Interactive Brokers lists a 0 € minimum deposit and offers TWS, IBKR Mobile, Client Portal. Saxo Bank lists 0 € and offers SaxoTraderGO, SaxoTraderPRO, Saxo App. Compare usability, available products and costs for your intended use.
Interactive Brokers vs Saxo Bank: Which broker is better overall?
The choice between Interactive Brokers (4.8/5, 1823 reviews) and Saxo Bank (4.5/5, 1900 reviews) depends on your needs. Interactive Brokers: Professional trading platform with comprehensive product range. Saxo Bank: Premium investment bank with over 72,000 tradable instruments.

Your next step

Your next step

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Keep learning

Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise