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Saxo Bank vs Interactive Investor : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Saxo Bank
Interactive Investor
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
None
Years of Existence / Established Year
1992
1995
Customer Base / Number of Accounts
1 million+ clients
over 430,000
Regulation & Security
Regulations (governing bodies)
FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID
FCA
Awards Won (count for the last 2 years)
Best Prime-of-Prime Broker 2024, Best Trading Platform 2024, Best Forex Broker 2024, Best CFD Broker 2023 and Best DMA/Professional Trading Account 2023
Best Stocks and Shares ISA - The Times Money Mentor Awards 2024 Boring Money Best Buy ISA - AIC Shareholder Engagement Award 2024 Boring Money Best Buy Pension - AIC Shareholder Engagement Award 2024 Best online stock broker 2023 - ADVFN International Financial Awards
Security Measures
Danish Depositor and Investor Guarantee Scheme DGS upto EUR 100,000 per depositor
FSCS
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
No
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
over 71,000 financial instruments including Turbos
43,000 + funds, Shares, Glits
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
No
Yes
Cryptocurrencies
Yes
No
CFDs
Yes
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
No
Futures
Yes
No
Bonds
Yes
Yes
Mutual Funds
Yes
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
Yes
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
Yes
Copy Trading
Yes
No
Other Trading Platforms (proprietary, etc.)
Saxo investor, SaxoTrader GO, SaxoTrader PRO
Online ii Community - for social trading
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes only Web
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Saxo account, Joint account, Corporate account, Professional account
Trading Account SIPP Stocks & Shares ISA Junior ISA Cash Savings Managed ISA Joint Trading Account Company Account
Demo Account (Yes/No)
Yes
No
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
Euro 250
Leverage Available
1:50-1:100
Info not available
Trade Limit (maximum per trade)
Depends on the assets class
Varies for each product
Commission (per account type)
$0
Monthly fee ISA / Trading account - £ 4.99 for investment upto £ 50,000 - £ 11.99 (no limit) SIPP - £ 5.99 for investment upto £50,000 - £12.99 (no limit) ISA + Trading Account + SIPP - £ 9.99 for investment upto £75,000 - £ 21.99 (no limit)
Best Suited For (e.g., beginners, experienced traders)
Beginners to experienced traders
Beginners
Deposit & Withdrawal Options
Deposit Methods
VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card
Cash savings Ac - Bank transfer Debit cards Cheque Payit from Natwest
Withdrawal Methods
Telegraphic Transfer, MEPS
Bank Transfer
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Saxo Academy Trading Education, Market Analysis and Insights, Webinars, Trading Strategies and Ideas, Saxo TV Market News and Analysis
StockScreener - Intuitive tool to explore the markets
Fees & Commissions
Trading-Related Fees
Stocks - $1, ETFs-$1, Bonds- 0.05%, Mutual funds- $0, Spread on Major forex pairs- from 0.7 to 0.9 pips
UK & US shares, funds, ETFs, bonds and gilts - £3.99, Other international shares - £9.99 / £5.99 (Super Investor), Dividend reinvestment - £0.99, For value over £100,000 - 0.04% of trade value, Buying / Selling other international shares - £9.99, For value over £25,000 - 0.10% of trade value, International trading fees for super investors - £5.99
Spread (typical, fixed, variable)
Variable
Info not available
Per Lot Fees
NA
£ 3.99 per trade
Options Contract Fees
$0.75
NA
Futures Contract Fees
$1
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:1000
Info not available
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
100 EUR per ISIN
Super Investor plan - £ 19.99 per month Super Investor + SIPP = £29.99 per month
Advisory Fees
NA
$0
Swap Fees (Overnight Financing)
Yes
NA
Statement or Document Fee
NA
NA
Account Opening Fee
NA
NA
Account Maintenance Fee
NA
Administrative charges Share certificate withdrawal - £ 35 + VAT - Per certificate Failed payments or late settlement - £ 25 Paper documents - £ 3 + VAT per document Contract notes sent by post - £ 1.50 + VAT per document VCTs processing charge - £ 30 per application
Deposit Fee
Plus or minus 0.25%
£ 0
Currency Conversion Fee
$0
Value converted FX charge £ 0 - £ 24,999.99 1.5% £ 25,000 - £ 49,999.99 1.25% £ 50,000 - £ 99,999.99 1.00% £ 100,000 - £ 599,999.99 0.50% £ 600,000 or more 0.25%
Withdrawal Fee
$0 bank fees may apply
Urgent withdrawals cost - £15
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Varies by instrument
UK- Pre-market: 7 AM - 9:30 AM After-hours: 4:05 PM - 8 PM
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/5
7.45am to 5.30pm (GMT) Monday - Friday
Customer Support Methods (phone, email, live chat)
Phone: +33 1 78 94 56 40, +44 (0)207 151 2100, +39 02 3668 2929, +31 (0)20 225 5900, +41 58 317 95 00. E-mail: [email protected], Live chat
Tel: 0345 607 6001 From abroad: +44 113 346 2309
Support Languages
24+
1
Additional Information
Headquarters Location
Copenhagen, Denmark
Leeds One Embankment, Neville Street, Leeds, LS1 4DW
Complaints (for crypto brokers)
No
No
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