Comparison Interactive Brokers vs Saxo Bank
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Interactive Brokers vs Saxo Bank. Is Interactive Brokers or Saxo Bank a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Interactive Brokers has a commission fee of $0.005, and Saxo Bank has a commission fee of from 0.1% commission. When analyzing trading options, the commission fees of Interactive Brokers is $0 + $0.70 per contract, and that one of Saxo Bank is from £2.50 per lot. Now, let’s compare commission fees in Forex, the commission fee of Interactive Brokers is 0.20 basis points, and the commission fee of Saxo Bank is from 0.4 pips. For a more complete picture, let’s consider trading in the metal market, where Interactive Brokers and Saxo Bank have commission fees of 0.15 basis points 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, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by Interactive Brokers 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, Interactive Brokers offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Saxo Bank offers Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Interactive Brokers was established in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. And Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. Withdrawal of funds from Interactive Brokers can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And Saxo Bank provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 0. The time for withdrawal in Interactive Brokers is 3-5 days, and that one in Saxo Bank is 1-2 business days.
As a result, the rating of Interactive Brokers is 4.1 stars versus that of Saxo Bank of 4.1 stars.
Types of trading
Security & Fairness
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