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 |
When comparing Saxo and IUX on commissions and fees, Saxo stands out with top-notch pricing especially for active and high-volume traders or those maintaining significant account balances. Offering competitive spreads, Saxo's pricing for Platinum and VIP accounts is around the industry standard, with the Classic account being slightly higher. With no minimum deposit requirement for the Classic account and attractive incentives for upgrading to higher tiers, Saxo proves to be a favorable choice for various trading levels. Saxo is commission-free on forex trades, except for smaller trades below 50,000 units that incur a $3 ticket fee per side. Saxo receives a top rating of 5 stars and is ranked 9th out of 63 brokers for commissions and fees.
IUX presents a flexible pricing structure based on different account types, catering to both casual traders and more active market participants. While the Standard and Standard+ accounts require low minimum deposits and offer varied spreads and promotions, the Raw and Pro accounts target more serious traders with tighter spreads and some commission fees. The Raw account, with its competitive 0.6 pips average spread (including commission), and the Pro account with a 0.7 pips average spread, offer compelling options, albeit at a slightly higher cost than industry leaders. IUX achieves a 4-star rating and holds the 49th position among 63 brokers for its commissions and fees.
Ultimately, Saxo's more comprehensive pricing scheme, zero minimum deposit for its entry-level account, and cost-effective spreads for higher-tier accounts make it a strong contender in the brokerage field. IUX, meanwhile, offers solid options for smaller investors and those willing to navigate slightly higher costs for its versatile account offerings. While Saxo takes the upper hand with a higher rating and ranking, IUX still provides competitive choices for traders mindful of cost factors.
| 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.
Comparing Saxo vs IUX for range of investments, Saxo clearly offers more choice. Saxo lists 71,000 tradeable symbols and 190 forex pairs, while IUX provides 152 symbols and 34 pairs. Both let you trade forex as CFDs or spot. Independent ratings back up the gap: Saxo earns 5/5 stars and ranks #3 out of 63 brokers for Range of Investments; IUX scores 3.5/5 stars and ranks #61.
Saxo also lets you buy exchange-traded shares on both U.S. and international exchanges (think Apple on NASDAQ and Vodafone in London). IUX supports exchange-traded shares on international markets, but not on U.S. exchanges. Neither broker offers copy trading or direct, delivered crypto, though both support cryptocurrency CFDs. If you want the widest market access, Saxo is the stronger pick; if you only need a smaller selection, IUX may suffice.
| 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 let you practice with a free demo (paper) account, and each offers its own in-house platform alongside a Windows desktop download and a web-based platform. Neither broker supports copy trading. Platform-wise, IUX adds MetaTrader 5 (MT5) support, while MetaTrader 4 (MT4) isn’t available at either broker and Saxo doesn’t support MT5. Both let you place trades directly from price charts, which is handy for timing entries and exits.
For overall platform quality, ForexBrokers.com rates Saxo at 5 stars and ranks it #1 out of 63 brokers for Trading Platforms and Tools. IUX is rated 3.5 stars and ranked #60. In short, choose Saxo if you want a top-rated, in-house experience, or go with IUX if you want a proprietary platform plus MT5 and a free demo to test strategies.
| 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. In independent testing by ForexBrokers.com, Saxo’s app earned 5 stars and ranked #2 out of 63 brokers, while IUX scored 3.5 stars and ranked #61. That gap highlights key differences in user experience and features that matter to everyday traders.
Saxo supports price alerts and watchlist syncing with your online account, so updates carry across devices—features IUX does not provide. For charting, IUX includes more built-in technical studies (106 vs. Saxo’s 64), but Saxo lets you draw trendlines on charts while IUX does not; both apps auto-save chart drawings. If you want price alerts, synced watchlists, and mobile trendline tools, Saxo is the better fit. If a larger library of technical studies is your priority and you can live without alerts, syncing, and trendline drawing, IUX may appeal.
| 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.
In this Saxo vs IUX market research comparison, Saxo clearly offers more depth. Saxo delivers daily market commentary and streams forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, while IUX offers neither. That difference is reflected in independent scores: Saxo holds a 5-star Research rating and ranks #1 out of 63 brokers at ForexBrokers.com, whereas IUX is rated 3 stars and ranks #60.
On tools, Saxo provides Autochartist for technical and fundamental ideas and a sentiment trading tool that shows the long/short ratio across instruments; IUX does not. Both brokers lack Trading Central, TipRanks, and Acuity Trading integrations, and both include an economic calendar with upcoming global events. If you want in-platform news, commentary, and sentiment insight, pick Saxo; if you only need a basic calendar, either broker works.
| 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.
For beginners comparing Saxo and IUX, both brokers offer at least 10 beginner videos that cover trading basics in forex and CFDs. Saxo goes further with monthly educational webinars and a library of 10-plus advanced videos, giving you a clear path from getting started to tackling more complex topics. IUX does not host monthly webinars and does not reach the same threshold for advanced videos, so its learning path beyond the basics is more limited.
Independent ratings reflect this gap: ForexBrokers.com gives Saxo 5 out of 5 stars for Education and ranks it 13th out of 63 brokers, while IUX earns 3 out of 5 stars and ranks 60th out of 63. If you want ongoing, structured learning as you progress, Saxo is the stronger pick; if you only need starter videos to learn the fundamentals, IUX can meet that need.
| 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 #55.
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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| Broker Gallery (click to expand) |
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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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