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.
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) - Spread-only account | 1.0 | 0.86 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | 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 offers a much wider range of investments than IUX, making it the stronger choice for traders who want more variety. Both brokers support forex trading, including forex as a CFD or spot contract, but Saxo lists 192 forex pairs compared with IUX’s 34. Saxo also provides access to about 71,000 tradeable symbols, while IUX offers 152. In addition, Saxo lets clients buy actual shares on U.S. exchanges, such as Apple, and also on international exchanges, while IUX only offers exchange-traded securities on international markets.
When it comes to other products, both brokers offer cryptocurrency CFDs, but neither allows clients to buy actual cryptocurrency, and neither offers copy trading. Overall, Saxo’s much larger product lineup is reflected in its 5-star rating for range of investments and its #3 ranking out of 36 brokers, compared with IUX’s 3.5-star rating and #38 rank. For investors who want a broader selection of markets and instruments, Saxo has the clear edge.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 152 |
| Forex Pairs (Total) | 192 | 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 simple way to get started, with free demo accounts for practice, as well as their own in-house platforms, desktop software for Windows, and web-based trading access. Each broker also lets users trade directly from a stock chart, which can make order entry quicker and easier. Neither broker offers copy trading, and Saxo does not support MetaTrader 4 or MetaTrader 5, while IUX does not offer MetaTrader 4 but does support MetaTrader 5.
When it comes to trading platforms and tools, Saxo stands out more overall. It is rated 5 stars for this category and ranks #3 out of 36 brokers on ForexBrokers.com, while IUX is rated 3.5 stars and ranks #38. For traders who want more platform choice and a stronger overall toolkit, Saxo has the edge, though IUX may appeal to those who want MT5 alongside its own platform options.
| 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) | 64 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and IUX both offer iPhone and Android apps, so traders can manage positions on the go with either broker. Saxo stands out for everyday trading tools, including stock and forex price alerts, watchlist syncing between mobile and web accounts, and the ability to draw trendlines on charts, with drawings saved automatically. IUX also saves chart drawings automatically, but it does not offer price alerts, watchlist syncing, or trendline drawing in its mobile app.
When it comes to charting depth, IUX offers more technical studies in its mobile app, with 106 compared with Saxo’s 64. Even so, Saxo gets the stronger overall result for mobile trading apps, earning 5 stars and a #3 ranking out of 36 brokers from ForexBrokers.com, while IUX is rated 3.5 stars and ranked #38. In short, IUX may appeal to traders who want more built-in indicators, but Saxo offers a more complete and user-friendly mobile trading experience overall.
| 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 stands out for market research, giving traders daily market commentary, forex news from major sources like Bloomberg and Reuters, and Autochartist tools for chart and pattern analysis. It also includes an economic calendar for tracking upcoming global events, which can help traders stay on top of possible market-moving news. In ForexBrokers.com’s Research category, Saxo earns 5 out of 5 stars and ranks #1 out of 36 brokers.
IUX offers a more limited research setup by comparison. It provides an economic calendar, but it does not include daily market commentary, top-tier forex news, Autochartist, Trading Central, sentiment tools, TipRanks, or Acuity Trading. As a result, IUX is rated 3 out of 5 stars for Research and ranks #37 out of 36 brokers in ForexBrokers.com’s comparison.
| 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 | No | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to learning support for beginners, Saxo stands out over IUX. Saxo offers forex and CFD education with at least 10 pieces of content on these topics, runs online client webinars at least once a month, and has both beginner-friendly and advanced trading videos for those who want to keep learning over time. That depth shows in its Education rating of 5 stars and its #12 ranking out of 36 brokers by ForexBrokers.com.
IUX also gives beginners access to at least 10 educational videos on trading basics, but it does not match Saxo in a few key areas. It does not offer monthly educational webinars, and it does not have at least 10 advanced education videos for more experienced traders. IUX also lacks the same level of forex or CFD-focused education, which helps explain its 3-star Education rating and #38 ranking out of 36 brokers. For new traders looking for more guided learning and a wider range of content, Saxo is the stronger choice.
| 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 #38.
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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| Broker Gallery (click to expand) |
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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) | No | 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) | 192 | 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) - Spread-only account | 1.0 | 0.86 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.6 | |
| Inactivity Fee | No | 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 (Deposit/Withdraw) | 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) | 64 | 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 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 | No | 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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