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 | 1.1 | 0.9 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | 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, but their product ranges differ widely. Saxo lists about 70,000 tradeable symbols and 190 forex pairs, while IUX offers 152 symbols and 34 forex pairs. Saxo also provides access to exchange-traded stocks on both U.S. and international exchanges, so you can buy shares like Apple or Vodafone directly; IUX supports international listings but not U.S.-listed shares. For those interested in social features, Saxo includes copy trading, whereas IUX does not.
Both brokers let you speculate on cryptocurrencies via derivatives, but neither lets you buy actual crypto. Reflecting the breadth of markets available, ForexBrokers.com rates Saxo 5 out of 5 stars for Range of Investments and ranks it 3rd out of 63 brokers, while IUX earns 3.5 stars and ranks 61st. In short, Saxo suits investors seeking a very wide selection of markets, while IUX may appeal if you prefer a simpler lineup with core instruments.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 152 |
| Forex Pairs (Total) | 190 | 34 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 provide free demo (paper) trading accounts, in-house trading platforms, and access on Windows desktop and in your browser. Each lets you trade directly from charts, and both skip MetaTrader 4. The key split is in third-party platforms and social features: IUX supports MetaTrader 5 while Saxo does not, and Saxo offers copy trading while IUX does not. ZuluTrade is not available at either broker. For watchlists, Saxo offers 60 fields versus 46 at IUX, giving you more ways to sort and scan.
Independent testing by ForexBrokers.com rates Saxo 5 stars for Trading Platforms and Tools and ranks it #1 out of 63 brokers, while IUX earns 3.5 stars and ranks #60. In short, choose Saxo if platform depth and copy trading are priorities; pick IUX if MT5 access matters more.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade [DELETED] | ||
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 106 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and IUX both offer iPhone and Android mobile trading apps with real-time quotes and custom watchlists. The key differences are convenience features: Saxo includes price alerts and syncs your watchlists with your web account so changes carry over everywhere, while IUX lacks both alerts and syncing. Independent reviews reflect this gap: ForexBrokers.com rates Saxo 5 stars and ranks it #2 out of 63 for Mobile Trading Apps, whereas IUX earns 3.5 stars and ranks #61.
For charting, IUX lists more technical studies (106 vs. Saxo’s 64), and both apps let you switch among multiple time frames and auto-save chart drawings. However, Saxo lets you draw trendlines in the app, while IUX does not. In short, pick Saxo if you want alerts, synced watchlists, and drawing tools; choose IUX if the larger set of indicators matters most.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | 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 | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing Saxo vs IUX for beginner education, Saxo clearly offers more ways to learn. Saxo provides at least 10 forex and CFD lessons, runs monthly client webinars, and keeps a searchable library of past sessions. It also has 10+ beginner videos, 10+ advanced videos for when you’re ready to level up, and an investor dictionary with 50+ terms. IUX does offer 10+ beginner videos, but it does not meet the 10-piece forex/CFD education mark, does not run monthly webinars or keep a webinar archive, and does not provide 10+ advanced videos or an investor dictionary.
These differences show up in independent ratings: ForexBrokers.com gives Saxo 5 stars for Education and ranks it #13 out of 63 brokers, while IUX earns 3 stars and ranks #60. If you want a fuller learning path with webinars, on-demand lessons, and a glossary to build core knowledge, Saxo is the better fit; if you only need basic beginner videos, IUX can cover the essentials.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 78 |
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Both Saxo and IUX do not provide options to buy actual delivered cryptocurrency, yet each offers the ability to trade in cryptocurrency derivatives, not the actual cryptocurrencies themselves.
Both Saxo and IUX facilitate transactions through Visa/Mastercard and bank wires, yet differ slightly as only IUX offers Skrill, while neither support ACH, SEPA, or PayPal for account fund transfers.
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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| 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 (SFC 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) | 70000 | 152 | |
| Forex Pairs (Total) | 190 | 34 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.1 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | 10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade [DELETED] | |||
| ZuluTrade | No | No |
| Trading Tools | Saxo | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 46 | |
| Charting - Indicators / Studies (Total) | 64 | 106 | |
| Charting - Drawing Tools (Total) [DELETED] | |||
| 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 Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | Saxo | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Saxo | IUX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| 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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