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.
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Saxo (founded 1992) and IUX (founded 2016) are online brokers with different trust profiles, according to ForexBrokers.com. Saxo earns a 99/99 Trust Score—classified as highly trusted on the 90–99 scale—while IUX scores 76/99, which falls into the average risk range (70–79). Neither broker is publicly traded; Saxo is a bank, and IUX is not.
Regulation also sets them apart. Saxo holds seven Tier-1 licenses (considered highly trusted by ForexBrokers.com) and one Tier-2 license (trusted). IUX holds one Tier-1 and one Tier-2 license. For added context, ForexBrokers.com labels 60–69 as high risk and anything under 59 as not trusted.
| 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 comes out ahead on commissions and fees overall, earning a 5-star rating and ranking #8 out of 36 brokers for the Commissions and Fees category. Its forex pricing is commission-free for most traders, with costs built into the spread, and its active-trader accounts can be very competitive. As of November 2023, Saxo’s average EUR/USD spread was 1.1 pips on Classic, 1.0 on Platinum, and 0.9 on VIP. The entry-level Classic account now has a $0 minimum deposit, while Platinum requires $200,000 and VIP is reserved for clients with $1,000,000 or those who qualify through Saxo’s loyalty program.
IUX is also a strong low-cost choice, but it ranks lower than Saxo for fees, with a 4.5-star rating and a #19 ranking out of 36 brokers. Its pricing depends on the account type: Standard and Standard+ accounts start with a $10 minimum deposit, while Raw and Pro accounts require $500. The Pro account is spread-only and lists an average EUR/USD spread of 0.7 pips, while the Raw account charges a $6 commission per 100,000 units and offers very tight spreads. The Standard account lists an average spread of 0.9 pips, and Standard+ generally has wider spreads in exchange for bonus offers.
For traders comparing Saxo vs. IUX on commissions and fees, Saxo is the better pick for overall pricing quality and account choice, especially for high-volume or high-balance clients. IUX can be a good fit for traders who want simple entry requirements and low spreads on select accounts, but Saxo’s fee structure is more highly rated and better placed in the industry rankings.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| 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 gives investors a much wider choice of markets than IUX. Both brokers offer forex trading, with Saxo listing 190 currency pairs compared with 34 at IUX. Saxo also stands out for its much larger selection overall, with 71,000 tradable symbols versus 152 for IUX. On top of forex, both brokers offer cryptocurrency CFDs, but neither lets clients buy actual crypto or use copy trading.
For share investors, Saxo and IUX both offer access to international exchange-traded securities, so clients can buy shares on markets such as London. However, only Saxo also offers exchange-traded securities on U.S. exchanges, including names like Apple. This broader investment range helps explain Saxo’s 5-star Range of Investments rating and #3 ranking out of 36 brokers, while IUX is rated 3.5 stars and placed #36.
| 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 and IUX both give traders a choice of a free demo account, a proprietary platform, a web platform, and a Windows desktop download. Each also lets you place trades straight from charts, which can make it easier to act quickly while watching price moves. Neither broker offers copy trading or MetaTrader 4, so traders who want those features will need to look elsewhere.
The main difference is that IUX supports MetaTrader 5, while Saxo does not. That may matter for traders who prefer MT5’s charting and trading tools. Overall, Saxo stands out more in this category, with a 5-star Trading Platforms and Tools rating and a #3 ranking out of 36 brokers, compared with IUX at 3.5 stars and #36. For traders comparing broker platforms, Saxo appears to offer the stronger all-around setup, while IUX may appeal to those who specifically want MT5 access.
| 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, so traders can manage accounts on the go with either broker. But Saxo stands out for mobile features that many active traders may value more, including stock and forex price alerts, watchlist syncing between the app and online account, and the ability to draw trendlines on charts. Saxo’s app also auto-saves chart drawings and includes 64 technical studies, making it easier to track and analyze trades in one place.
IUX also provides iPhone and Android apps and goes further than Saxo in one key area, offering 106 technical studies compared with Saxo’s 64. However, IUX does not offer price alerts, watchlist syncing, or trendline drawing in its mobile app. That gap shows in its overall mobile trading app score, with Saxo rated 5 stars and ranked #3 out of 36 brokers by ForexBrokers.com, while IUX is rated 3.5 stars and ranked #36.
| 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 offers a much wider set of market research tools than IUX. It provides daily market commentary, forex news from top sources like Bloomberg and Reuters, Autochartist tools, and a sentiment feature that shows whether traders are mostly buying or selling certain currency pairs and other instruments. Saxo also includes an economic calendar, helping traders keep track of important global events. By contrast, IUX does not offer daily commentary, top-tier forex news, Autochartist, or sentiment data, though it does include an economic calendar.
This gap is reflected in third-party ratings as well. Saxo is rated 5 out of 5 stars for research and ranks #1 out of 36 brokers in the ForexBrokers.com research category, while IUX is rated 3 out of 5 stars and ranks #36. For traders who want more built-in market insight and news coverage, Saxo is the stronger choice.
| 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 is the stronger pick for beginners who want more ways to learn about forex and CFDs. It offers forex or CFDs education with at least 10 learning pieces, holds online educational client webinars at least once a month, and provides 10+ beginner videos plus 10+ advanced videos for traders who want to go deeper. That wider mix of lessons helps new traders start with the basics and keep building their skills over time.
IUX also gives beginners a helpful starting point, with at least 10 beginner trading videos available. However, it does not offer monthly educational client webinars, and it does not have 10+ advanced videos for more experienced traders. In ForexBrokers.com’s education category, Saxo is rated 5 stars and ranked #12 out of 36 brokers, while IUX is rated 3 stars and ranked #36, making Saxo the better choice for traders who want more support and more learning options.
| 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 #36.
Saxo is a 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 76 |
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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 | 76 | |
| Winner | check_circle | ||
| Review | Saxo Review | IUX Review |
| Broker Screenshots | Saxo | IUX | |
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| Regulation | Saxo | IUX | |
|---|---|---|---|
| Trust Score | 99 | 76 | |
| 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 CMA 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 | $50 | |
| 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 | 76 | |
| Winner | check_circle | ||
| Review | Saxo Review | IUX Review |
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