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 earns 5 stars and ranks #8 out of 63 for Commissions and Fees, while IUX scores 4.5 stars and ranks #19. Saxo stands out for active and high‑volume traders or those keeping large balances, delivering very competitive all‑in costs. IUX is competitive for a smaller broker and its Pro account is a close contender, but overall it doesn’t undercut the lowest‑cost leaders.
For forex, Saxo is commission‑free and makes money from the spread, with one exception: if you trade under 50,000 units in a month, there’s a $3 per‑side ticket fee. As of November 2023, average EUR/USD spreads were 1.1 pips (Classic), 1.0 pips (Platinum), and 0.9 pips (VIP); minimums were about 0.2 pips lower. The Classic account now has a $0 minimum deposit, Platinum requires $200,000 (AUD 300,000 for Australian forex traders), and VIP typically needs a $1,000,000 deposit or qualification via loyalty volume; upgrades can be earned through trading activity. Saxo also waives share‑trading custody fees if you opt into securities lending. Note: Classic spreads are slightly higher than the industry average, while Platinum and VIP sit closer to it.
IUX pricing varies by account: Standard and Standard+ need just $10 to start (Standard+ allows deposit bonuses but has wider spreads; Standard offers lower spreads without promos). For active traders, the Pro and Raw accounts each require $500; Pro is spread‑only with tighter spreads than Standard, while Raw pairs very low spreads with a $6 commission per 100,000 units. Listed average EUR/USD spreads are about 0.9 pips (Standard), 0.7 pips (Pro), and roughly 0.6 pips all‑in on Raw when you include the commission. Choosing between Saxo and IUX comes down to your balance and volume: Saxo can deliver lower effective costs for larger, more frequent trading, while IUX offers a low entry point and a simple choice between spread‑only and commission‑based pricing.
| 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 | 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 | 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 | 76 | |
| Winner | check_circle | ||
| Review | Saxo Review | IUX Review |
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