Comparison IronFX vs Saxo Bank
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares IronFX vs Saxo Bank. Is IronFX or Saxo Bank a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. IronFX has a commission fee of spreads from 0.3 pips, commissions of 0.10%, and Saxo Bank has a commission fee of from 0.1% commission. For trading in Forex, the commission fee of IronFX is from 0.5 pips, while 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 IronFX and Saxo Bank have commission fees of spreads from 0.04 pips and from 0.1% commission, respectively. You can read more detailed information on commission fees in the online broker reviews.
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, Forex Trading, Futures Trading, Crypto Trading are provided to customers by IronFX 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. Concerning the platforms, IronFX uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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. IronFX was founded in 2010 in Cyprus, and it is regulated by FCA, ASIC, CySEC, FSB. And Saxo Bank was founded in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. Withdrawal of funds from IronFX can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Saxo Bank provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 0. The time for withdrawal in IronFX is 1 - 5 business days, and that one in Saxo Bank is 1-2 business days.
Overall, IronFX boasts 4.8 stars versus Saxo Bank 4.1 stars.