Head-to-Head Comparison
IC Markets vs Saxo Bank
Complete side-by-side comparison based on verified data from official sources. See which broker offers better trading conditions for your needs.
IC Markets
FSA
Est. 2007
VS
Score
4:0
Saxo Bank
FSA
Est. 1992
Quick Summary
IC Markets (established 2007) and Saxo Bank (established 1992) are both regulated forex and CFD brokers. IC Markets offers tighter spreads starting from 0 pips, compared to Saxo Bank's 0.4 pips. Both brokers offer similar maximum leverage of 500:1. IC Markets has a lower minimum deposit requirement of $200.
Trading Conditions
Feature
IC Markets
Saxo Bank
Min. Spread
0 pips
0.4 pips
Min. Deposit
$200
$2000
Max Leverage
500:1
30:1
Execution
ECN/Direct Market Access
Market Maker
Instruments
2250+
71000+
Founded
2007
1992
Headquarters
Australia
Denmark
Regulation & Licensing
IC Markets
FSA(SD018)
Seychelles
SCB(SIA-F201)
Bahamas
ASIC(335692)
Australia
Saxo Bank
FSA(1149)
Denmark
FCA(440751)
United Kingdom
ASIC(321946)
Australia
Platforms & Features
Feature
IC Markets
Saxo Bank
Platforms
MetaTrader 4, MetaTrader 5, cTrader, TradingView
SaxoTraderGO, SaxoTraderPRO
Copy Trading
VPS Hosting
Neg. Balance Protection
Islamic Account
Demo Account
Server Infrastructure
Metric
IC Markets
Saxo Bank
Total Servers
5
Total Endpoints
40
Countries
8
Hosting Providers
Amazon/AWS, Liquidity Connect LLC, Vultr
Account Types
IC Markets
Raw Spread (MT4/MT5)
Spread: 0 pipsMin: $200Lev: 500:1Comm: $3.5/lot side
Raw Spread (cTrader)
Spread: 0 pipsMin: $200Lev: 500:1Comm: $3/100k USD
Standard
Spread: 0.6 pipsMin: $200Lev: 500:1
Saxo Bank
Classic
Spread: 0.6 pipsMin: $2000Lev: 30:1
Platinum
Spread: 0.4 pipsMin: $200000Lev: 30:1
Verdict: IC Markets vs Saxo Bank
Based on our verified data analysis, IC Markets has a slight edge in this comparison with a score of 4 vs 0.
Choose IC Markets if you prioritize the tightest possible spreads. Choose IC Markets for a lower entry barrier.
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.