Saxo Capital Markets
IC Markets

Regulations and Licenses

Feature
Saxo Capital Markets
IC Markets
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FINMA (Switzerland)
CYSEC (Cyprus)
SCA or CBUAE (UAE)

Brokerage

Feature
Saxo Capital Markets
IC Markets
EUR/USD Avg. Raw Spread
-
0.02
GBP/USD Avg. Raw Spread
-
0.23
AUD/USD Avg. Raw Spread
-
0.17
EUR/USD Standard Spread
1.20
0.62
EUR/USD Fixed Spreads
-
-
Commissions (USD Base)
-
$3.50
Minimum Deposit
$2000
$0
Swap Free Account
No Inactivity Fees
Funding Methods
5+
15+
No Funding Fees

Markets and Instruments

Feature
Saxo Capital Markets
IC Markets
Currency Pairs
209+
61+
Cryptocurrency CFDs*
9+
18+
Index CFDs
-
16+
Share CFDs
30,000+
100+
Commodities CFD
19+
26+
Stockbroking
-
-
Retail Max Leverage (Australia)
Major Pairs 50:1
Minor Pairs 10:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
50:1
500:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
-
Pro. Max. Leverage (The United Kingdom)
66:1
-
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
66:1
500:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
-
Pro. Max. Leverage (UAE)
50:1
-
Retail Max. Leverage (Singapore)
Major Pairs 20:1
Minor Pairs 16:1
-
Retail Max. Leverage (With offshore regulators)
50:1
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Saxo Capital Markets
IC Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Saxo Capital Markets
IC Markets