Written by ForexBrokers.com
In this head to head comparison of Saxo vs IUX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 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.
Established in 1992, Saxo not only functions as a bank but also comes highly regarded for its strong trustworthiness in the online brokerage world. It holds a perfect Trust Score of 99 from ForexBrokers.com, emphasizing its status as a highly trusted broker. With 7 Tier-1 licenses reflecting top-level credibility and 1 Tier-2 license, Saxo solidifies its position as a reliable choice for traders. Despite not being publicly traded, its comprehensive regulatory credentials contribute to its esteemed reputation.
In contrast, IUX, founded in 2016, is a newer player in the industry and operates solely as a brokerage firm. While not publicly listed on a stock exchange, it holds a ForexBrokers.com Trust Score of 78, placing it in the average risk category. IUX possesses 1 Tier-1 and 1 Tier-2 license, indicating a respectable level of trustworthiness, but it lacks the same level of high trust assurance that longstanding establishments like Saxo provide. While both brokers offer distinct features tailored to different trader needs, Saxo generally holds the upper hand in terms of regulatory endorsement and trust.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Year Founded | 1992 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Saxo and IUX both keep trading costs competitive, but they cater to different needs. Saxo earns 5 out of 5 stars for commissions and fees and ranks #8 out of 63 brokers at ForexBrokers.com. IUX earns 4 out of 5 stars and ranks #19 out of 63. If you trade larger volumes or maintain higher balances, Saxo tends to deliver better value; if you want low entry costs and flexible account choices, IUX is appealing.
Saxo is commission-free for forex, making money on the spread, with one exception: traders doing less than 50,000 units per month pay a $3 per side ticket fee. As of November 2023, average EUR/USD spreads were 1.1 pips (Classic), 1.0 (Platinum), and 0.9 (VIP), with minimums roughly 0.2 pips lower; higher tiers generally offer better value. The Classic account has a $0 minimum deposit, Platinum requires $200,000 (AUD 300,000 in Australia for forex), and VIP requires $1,000,000 or qualifying via Saxo’s loyalty program. Saxo also waives custody fees on share trading if you opt into securities lending.
IUX pricing depends on account type. Standard and Standard+ each require just $10 to start; Standard+ supports deposit bonuses but usually has wider spreads, while Standard offers lower spreads without promotions. For active traders, the Pro and Raw accounts each require $500: Pro is spread-only with lower spreads than Standard, while Raw posts the tightest spreads and charges $6 per 100,000 units. IUX lists average EUR/USD spreads of about 0.9 pips (Standard), 0.7 (Pro), and an effective ~0.6 on Raw after factoring in commission. Overall, IUX is competitive—especially the Pro account—though Saxo remains a top pick for low costs at higher volumes.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | 10 |
| Average spread (EUR/USD) - Standard account | 1.0 | 0.86 |
| All-in Cost EUR/USD - Active | 0.8 | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo and IUX both let you trade forex as CFDs or spot, and both support crypto CFDs (but not actual crypto). The big difference is size: Saxo offers about 71,000 tradeable symbols and 190 currency pairs, while IUX lists 152 symbols and 34 pairs. Neither broker provides copy trading.
For real shares (not CFDs), Saxo gives access to both U.S. and international exchanges, whereas IUX offers international shares but not U.S.-listed stocks. Reflecting this wider selection, ForexBrokers.com rates Saxo 5 stars for Range of Investments and ranks it #3 out of 63 brokers; IUX earns 3.5 stars and ranks #35. In short, Saxo suits investors who want many markets under one roof, while IUX may fit traders with simpler needs who don’t require U.S. share dealing.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 152 |
| Forex Pairs (Total) | 190 | 34 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Saxo vs IUX: both brokers offer free demo accounts for paper trading and run their own proprietary platforms. Each provides a Windows desktop app and a web-based platform, and both let you place trades directly from charts. Copy trading and MetaTrader 4 are not available at either broker. If you need MetaTrader 5, IUX supports MT5, while Saxo does not.
For trading platforms and tools, Saxo earns 5 stars and ranks #3 out of 63 brokers on ForexBrokers.com, while IUX holds 3.5 stars and ranks #35. Choose Saxo if you want a higher-rated in-house platform experience; pick IUX if MT5 compatibility is essential and you still want a simple demo to practice.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 61 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and IUX both offer mobile trading apps for iPhone and Android. According to ForexBrokers.com, Saxo’s mobile app earns 5 stars and ranks #3 out of 63 brokers, while IUX is rated 3.5 stars and ranks #35. If app quality and reliability are top priorities, Saxo stands out in third-party testing.
Feature-wise, Saxo supports price alerts and watchlist syncing with your online account; IUX lacks both. For charting, IUX lists more technical studies (106 vs. Saxo’s 64), but Saxo lets you draw trendlines, which IUX does not. Both apps auto save chart drawings. Traders who want alerts, synced watchlists, and drawing tools may prefer Saxo, while those who value a wider selection of indicators might lean toward IUX.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo outshines IUX for market research. Saxo delivers daily market commentary, forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and scanning tools from Autochartist. It also includes a sentiment tool that shows the ratio of long and short positions across instruments, plus a detailed economic calendar. According to ForexBrokers.com, Saxo earns 5 stars for Research and ranks #1 out of 63 brokers.
IUX covers the basics with an economic calendar, but it does not offer daily commentary, top-tier forex news, Autochartist, or a sentiment tool. Neither broker provides Trading Central, TipRanks, or Acuity Trading research. Reflecting these differences, IUX holds a 3-star Research rating and ranks #35 out of 63 on ForexBrokers.com.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Saxo and IUX both provide forex and CFD education with at least 10 learning pieces, and each offers 10+ beginner videos that cover the basics in plain language. Where they differ is in ongoing support and depth: Saxo runs client webinars at least once a month and includes 10+ advanced videos for when you’re ready to level up. IUX does not host monthly webinars and doesn’t match Saxo’s advanced video library, making it more of a beginner-only option.
According to ForexBrokers.com, Saxo earns 5 stars for Education and ranks #12 out of 63 brokers, while IUX earns 3 stars and ranks #35. For beginners who want a guided path with live sessions and room to grow, Saxo is the stronger choice. If you only need a basic set of beginner videos to get started at your own pace, IUX can do the job.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Saxo is better than IUX. Saxo finished with an overall rank of #3, while IUX finished with an overall rank of #35.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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IUX
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| Overall Rating |
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| Trust Score | 99 | 78 |
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Online brokers Saxo and IUX both offer cryptocurrency CFD trading but do not enable buying or taking delivery of actual (non-CFD) cryptocurrencies.
Saxo vs IUX: both online brokers do not support ACH/SEPA or PayPal, both offer bank wire transfers, only IUX supports Skrill, and Visa/Mastercard availability is not specified for either.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Saxo | IUX | |
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| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | Saxo Review | IUX Review |
| Broker Screenshots | Saxo | IUX | |
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| Regulation | Saxo | IUX | |
|---|---|---|---|
| Trust Score | 99 | 78 | |
| Year Founded | 1992 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Saxo | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Saxo | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 71000 | 152 | |
| Forex Pairs (Total) | 190 | 34 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Saxo | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.0 | 0.86 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.6 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | 10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Saxo | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Saxo | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 61 | 106 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Saxo | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Saxo | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | IUX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Saxo | IUX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Saxo Review | IUX Review |
| Overall | Saxo | IUX | |
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| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | Saxo Review | IUX Review |
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