Comparison IQ Option vs Saxo Bank
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare IQ Option vs Saxo Bank. Which of them: IQ Option or Saxo Bank a better online broker?
First of all, we’ll compare the commission fees of the two brokers. IQ Option has a commission fee of from 0.16%, and Saxo Bank has a commission fee of from 0.1% commission. When analyzing trading options, the commission fees of IQ Option is from 0.035%, and that one of Saxo Bank is from £2.50 per lot. For trading in Forex, the commission fee of IQ Option is from 0.03%, while the commission fee of Saxo Bank is from 0.4 pips. We can also analyze commission fees for trading CFD: they are from 0.16% in IQ Option vs from £0.85 in Saxo Bank. For a more complete picture, let’s consider trading in the metal market, where IQ Option and Saxo Bank have commission fees of from 0.093% and from 0.1% commission, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are IQ Option provides customers with Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Crypto Trading, and Saxo Bank provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. Concerning the platforms, IQ Option uses Web Platform, Android App, iOS App, while Saxo Bank uses 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. IQ Option was established in 2013 in Seychelles, and it is regulated by Not Regulated. And Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. We can withdraw funds from IQ Option with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. 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 IQ Option is within 1 business day, and that one for Saxo Bank is 1-2 business days.
As a result, the rating of IQ Option is 3.9 stars versus that of Saxo Bank of 4.1 stars.