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) - 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 offers a much wider range of investments than IUX, making it a stronger choice for traders who want more variety in one account. Both brokers support forex trading as either CFDs or spot contracts, and both offer cryptocurrency CFDs, but Saxo stands out with about 71,000 tradeable symbols and 190 forex pairs, compared with IUX’s 152 symbols and 34 forex pairs. Saxo also lets clients buy exchange-traded shares on U.S. markets, such as Apple, as well as international exchanges, while IUX does not offer U.S.-listed shares and only provides international exchange-traded securities.
When it comes to overall range of investments, the difference is clear in the ratings and rankings too. Saxo earns 5 out of 5 stars and ranks #3 out of 36 brokers for this category at ForexBrokers.com, while IUX scores 3.5 stars and ranks #35. Neither broker offers copy trading or the option to buy actual cryptocurrency, so the main comparison point is the breadth of available markets, where Saxo has a far larger selection.
| 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 solid set of platform choices, including a free demo account, a proprietary platform, a Windows desktop app, and a web-based platform. Each also lets users place trades directly from charts, which can make it easier to react quickly while analyzing price movements. Neither broker offers copy trading or MetaTrader 4, but IUX does support MetaTrader 5, while Saxo does not.
When it comes to trading platforms and tools, Saxo stands out more clearly. ForexBrokers.com rates Saxo 5 out of 5 stars and places it #3 out of 36 brokers in this category, compared with IUX at 3.5 out of 5 stars and #35 out of 36. For traders who want a highly rated platform experience, Saxo has the edge, while IUX may appeal more to those who specifically want MT5 support.
| 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 iPhone and Android apps, so traders can manage accounts and place trades from either major mobile platform. Saxo stands out for everyday mobile features that many traders rely on, including stock and forex price alerts, watchlist syncing between the app and online account, and the ability to draw trendlines on charts. Its app also autosaves drawings, and it supports 64 technical studies. In comparison, IUX does not offer price alerts, watchlist syncing, or trendline drawing in its mobile app, though it does autosave chart drawings and offers 106 technical studies.
When it comes to overall mobile app quality, Saxo is rated 5 stars for Mobile Trading Apps and ranks #3 out of 36 brokers at ForexBrokers.com. IUX is rated 3.5 stars and ranks #35 out of 36. Based on these scores and features, Saxo offers a more user-friendly mobile trading experience overall, while IUX may appeal to traders who want access to a larger set of chart studies.
| 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, a sentiment feature that shows long and short positioning, and an economic calendar for key global events. IUX, by comparison, does not offer daily commentary, top-tier forex news, Autochartist, or a sentiment tool, though it does include an economic calendar.
That difference is reflected in independent ratings as well. Saxo earns 5 out of 5 stars for Research and ranks #1 out of 36 brokers at ForexBrokers.com, while IUX scores 3 out of 5 stars and ranks #35. For traders who want more help following the markets and spotting trade ideas, Saxo is the stronger choice for research.
| 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.
When comparing Saxo and IUX for beginner-friendly education, Saxo comes out ahead overall. Saxo offers forex and CFDs learning materials, monthly online client webinars, at least 10 beginner videos, and at least 10 advanced videos for more experienced traders. That breadth helps new users start with the basics and keep learning as their skills grow. IUX also provides at least 10 beginner trading videos, but it does not offer monthly educational webinars and does not appear to have the same level of forex or CFDs learning content or advanced video coverage.
These differences show up clearly in independent ratings too. Saxo earns 5 out of 5 stars for Education and ranks #12 out of 36 brokers in the ForexBrokers.com Education category, while IUX is rated 3 out of 5 stars and ranks #35. For beginners looking for more guided learning, more live support, and a wider range of trading lessons, Saxo is the stronger choice of the two.
| 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 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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