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 it comes to commissions and fees, Saxo and IUX present different advantages based on their target audience and account types. Saxo is renowned for its competitive pricing, especially favorable for active and high-volume traders who can maintain substantial account balances. The broker offers three types of accounts: Classic, Platinum, and VIP, with progressively lower spreads as you upgrade, from 1.1 pips on the Classic account to 0.9 pips on the VIP account for the EUR/USD pair. Saxo provides commission-free trading, although a $3 ticket fee applies to low-volume traders trading less than 50,000 units per month. With zero minimum deposit for its Classic account, Saxo’s Platinum and VIP accounts are designed for elite traders with minimum deposits of $200,000 and $1,000,000, respectively. Saxo is highly rated with 5 stars and ranks #9 out of 63 brokers for commissions and fees on ForexBrokers.com.
IUX offers a more versatile pricing structure through various account types. It caters to both beginner and advanced traders with its Standard, Standard+, Raw, and Pro accounts. While the Standard accounts require a mere $10 minimum deposit, the Raw and Pro accounts, designed for active traders, require $500 and boast lower spreads. The Raw account’s appeal lies in its low spreads paired with a $6 commission per standard lot, while the Pro account offers analogous spreads to the Raw without the added commission. For the notable EUR/USD pair, the Pro account has an average spread of 0.7 pips, and the Raw account goes even lower with 0.6 when considering commission. Although IUX’s pricing does not lead the industry, it remains competitive, especially with its Pro account. IUX holds a decent position with 4 stars and comes in at #48 in the rankings for commissions and fees by ForexBrokers.com.
In conclusion, Saxo emerges as a superior choice for traders who can afford its high entry thresholds, offering considerable savings and an excellent client experience, especially noted in its VIP account. In contrast, IUX suits traders looking for lower entry requirements and straightforward accounts with competitive spreads. Both brokers leverage different strategies to attract diverse trader profiles, and selecting one depends on your trading needs, volume, and budget constraints.
| 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.
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Saxo offers an extensive selection of investment opportunities, including a staggering 70,000 tradeable symbols and 190 forex pairs. It provides access to both U.S. and international exchange-traded securities, allowing clients to buy shares like Apple and Vodafone directly. Additionally, Saxo supports forex trading as both a CFD and spot contract, enables copy trading, and allows the purchase of cryptocurrency derivatives, though not actual cryptocurrencies. These features contribute to Saxo's impressive five-star rating for its range of investments, positioning it third among 63 brokers according to ForexBrokers.com.
In comparison, IUX presents a more limited selection with 152 tradeable symbols and 34 forex pairs. While it also offers forex trading as CFDs and spot contracts and supports the purchase of cryptocurrency derivatives, IUX does not provide access to U.S. exchange-traded securities or support copy trading. However, it does offer access to international shares. With a rating of 3.5 stars for its range of investments, IUX is ranked significantly lower at 60th out of 63 brokers by ForexBrokers.com, indicating a narrower scope compared to Saxo.
| 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.
When comparing the trading platforms and tools of Saxo and IUX, both brokers offer a range of features that cater to different trading preferences. Saxo provides a free virtual demo account, allowing users to practice trading without financial risk, a feature also available with IUX. Both brokers have developed proprietary platforms, accessible via Windows-based desktop downloads and web browsers, offering flexibility in how traders can access the markets. However, Saxo stands out with copy trading options, a feature not available with IUX, giving Saxo an edge for those interested in mirroring successful trades. Although neither broker offers MetaTrader 4, IUX does provide access to MetaTrader 5, which Saxo does not. Both brokers allow trading directly from stock charts, enhancing user efficiency.
In terms of charting tools, IUX offers an impressive 89 drawing tools compared to Saxo's 20, providing more options for detailed technical analysis. However, when it comes to watch lists, Saxo offers 60 fields for customization, surpassing IUX's 46 columns. Overall, Saxo's trading platforms and tools receive high praise, earning a perfect 5-star rating and a #1 ranking by ForexBrokers.com out of 63 brokers, showcasing its industry-leading position. In contrast, IUX holds a 3.5-star rating and ranks #59, indicating room for improvement. Thus, while both platforms offer solid trading environments, Saxo leads in delivering a superior and more versatile trading experience.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary 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 | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 106 |
| Charting - Drawing Tools (Total) | 20 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Saxo and IUX, both offer applications for iPhone and Android, ensuring accessibility for users of popular smartphone platforms. While both providers facilitate the creation of watchlists with real-time quotes, Saxo stands out by offering stock or forex price alerts—a feature that IUX lacks. Additionally, Saxo supports watchlist symbol syncing, allowing seamless updates between its mobile app and the user's online account, whereas IUX does not offer this synchronization feature.
In terms of charting capabilities, IUX provides more technical studies with a count of 106 compared to Saxo’s 64. However, Saxo users can draw trendlines on charts and view multiple time frames such as daily, weekly, or intraday, which is also available on IUX. Both apps auto-save drawings for convenience. Despite these functionalities, Saxo shines in user ratings and industry rankings, earning 5 out of 5 stars and securing the number 2 spot among 63 brokers on ForexBrokers.com for Mobile Trading Apps. IUX, in contrast, is rated 3.5 stars and ranks significantly lower at number 60, suggesting room for improvement in user experience and feature set.
| 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.
When it comes to market research, Saxo stands out by offering a wide range of tools and resources. Users can benefit from daily market commentary and forex news sourced from top-tier providers like Bloomberg, Reuters, and Dow Jones. Saxo also provides technical and fundamental analysis tools through Autochartist, in addition to a sentiment-based trading tool that reveals the ratio of long and short positions across different instruments. Furthermore, Saxo includes an economic calendar to track current and upcoming global events. This comprehensive approach to market research has earned Saxo the top spot among 63 brokers in the Research category on ForexBrokers.com, with a five-star rating.
In contrast, IUX's offerings in market research are relatively limited. It lacks daily market commentary and forex news from leading sources, as well as technical analysis tools from Autochartist. IUX does provide an economic calendar but misses out on a sentiment-based trading tool. With a three-star rating for research and ranked 59th out of 63 brokers by ForexBrokers.com, IUX may not meet the needs of traders seeking a broad and in-depth market analysis suite. Consequently, for traders who highly value diverse and detailed market research tools, Saxo clearly emerges as the superior choice over IUX.
| Feature |
Saxo
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners between Saxo and IUX, Saxo clearly stands out as a more comprehensive platform. Saxo provides a wide array of educational materials focused on forex and CFDs, offering over ten well-crafted pieces in various formats like articles and videos. They also maintain a frequent schedule of online webinars, ensuring at least one session per month, along with a searchable archive of these recordings. Furthermore, beginners can benefit from at least ten specialist educational videos tailored to their learning needs. Saxo goes the extra mile with an investor dictionary comprising definitions for over 50 terms, equipping new traders with essential knowledge.
On the other hand, IUX offers limited educational resources for those just starting in trading. While they do provide at least ten beginner videos, their offering lacks the depth and variety seen with Saxo. IUX does not facilitate regular webinars or maintain an archive of past sessions. They also miss out on providing a detailed investor dictionary. In light of these factors, Saxo achieves a perfect five-star rating in education, ranking 13th out of 63 brokers on ForexBrokers.com. IUX, with fewer educational tools, earns three stars and ranks 59th, highlighting a significant gap in the support provided for beginner traders.
| 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
|
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 |
| 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 | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | 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 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 | No | No | |
| 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) | 20 | 89 | |
| 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 | |
| Social Sentiment - Currency Pairs | 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 |
| Overall | Saxo | IUX | |
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| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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