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    Interactive Brokers logo vs Saxo logo

    Interactive Brokers vs Saxo: fees, markets and protection

    Facts for both companies from their official pages; each was checked on the date shown in its review.

    Facts verified on October 18, 2026

    Key differences

    Side by side

    Criterion Interactive Brokers Saxo
    Rating
    4.5/5 on other platforms 118.8K ratings
    4.2/5 on other platforms 9.9K ratings
    Regulators SEC, CIRO, FCA, CBI, ASIC, SFC, SEBI, Kanto LFB, MAS Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, CONSOB
    Minimum deposit No minimum No minimum
    Markets US exchanges (NYSE, Nasdaq), Toronto Stock Exchange, B3 (Brasil Bolsa Balcão), London Stock Exchange, Xetra (Deutsche Börse) +5 US exchanges (NYSE, Nasdaq), Toronto Stock Exchange, London Stock Exchange, Xetra (Deutsche Börse), Euronext +3
    Products stocks, ETFs, fractional shares, bonds, options, funds stocks, ETFs, bonds, options, funds
    US stock or ETF order $0.005 per share, minimum $1 0.08% of the order, minimum $1
    Currency conversion fee 0.03% 0.25%
    Investor protection SIPC, Irish Investor Compensation Scheme (ICS), Canadian Investor Protection Fund (CIPF) Danish Guarantee Fund (cash deposits), Danish Guarantee Fund (securities not returned)
    Deposits and withdrawals Bank transfer, SPEI Bank transfer, Visa / Mastercard
    Available only in Åland Islands, Albania, Algeria, American Samoa, Andorra, Angola +216 Australia, Austria, Belgium, Croatia, Czechia, Denmark +36
    Headquarters United States Denmark
    Founded — 1992
    Read review Read review

    Frequently asked questions

    What is the minimum deposit at Interactive Brokers and Saxo?

    Interactive Brokers: $0. Saxo: €0.

    Which regulators license Interactive Brokers and Saxo?

    Interactive Brokers is licensed by SEC, CIRO, FCA, CBI, ASIC, SFC, SEBI, Kanto LFB, and MAS; Saxo by Danish FSA, CBUAE, FCA, MAS, FINMA, Kanto LFB, and CONSOB.

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