Saxo Markets and IC Markets have strengths in different Forex features. We look at the most important features for trading and explore what each broker offers. These features are:

  • Forex Spreads and Fees
  • Trading Account Types
  • Minimum Deposit
  • Forex Trading Platforms
  • Other Products – CFDs and Cryptocurrency
  • Social Trading Tools
  • Deposit and Withdrawal Method And Costs

Broker Reviewed

Saxo Capital Markets
IC Markets
Our Rating
6.0
8.83
182 spot pairs + 140 forwards
Lowest Spread CFD Broker

Regulations and Licenses

Feature
Saxo Capital Markets
IC Markets
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FSCA (South Africa)
FINMA (Switzerland)
CYSEC (Cypus)

Brokerage

Feature
Saxo Capital Markets
IC Markets
EUR/USD Avg. Raw Spread
0.6
0.1
GBP/USD Avg. Raw Spread
N/A
0.4
AUD/USD Avg. Raw Spread
N/A
0.2
EUR/USD Standard Spread
1.1
EUR/USD Fixed Spreads
N/A
Commissions (USD Base)
USD $3.50
Commission Rebates
Minimum Deposit
USD $10000
USD $200
Has Islamic Account
No Inactivity Fees
Funding Methods
5
15
No Funding Fees

Markets and Instruments

Feature
Saxo Capital Markets
IC Markets
Currency Pairs
180+
65+
Cryptocurrency CFDs
10+
Index CFDs
16+
Share CFDs
20,000+
100+
Commodities CFD
70+
19+
Stockbroking
Retail Max. Leverage
30:1 (FCA) 100:1 (ASIC)
20:1 (MAS) 50:1 (Central Bank of UAE)
30:1 (Cysec) / 500:1 (ASIC/International)
Professional Leverage
100:1
500:1

Trading Platforms + Tools

Feature
Saxo Capital Markets
IC Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
Cysec regulation online
Demo Account
Unique Feature 1
CFD and Asset for trade
ECN pricing
Unique Feature 2
In house analysts
Large range of fee-free funding options

Overall

Saxo Capital Markets
IC Markets