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Which broker is better, Saxo Bank or Interactive Brokers??(2023 version)

Both Saxo Bank and Interactive Brokers have large numbers of fans among traders。But which is the best broker for you??Let's compare money security, user convenience, transaction costs, etc.。

Saxo BankInteractive Brokers are equally solid in terms of money security and portfolio。You should choose according to the characteristics of the respective broker。

Saxo BankInteractive Brokers all have huge fans among traders。But which is the best broker for you??Let's compare money security, user convenience, transaction costs, etc.。

Saxo Bank vs Interactive Brokers

 

Saxo Bank(Saxo Bank)

Offers a large number of tradable instruments。

High minimum deposit requirements。

Provide agency-level quotation。

Provide professional trading platform。

Excellent research and management team。

Established in1992'sSaxo BankInitially licensed as a bank, but did not offer common banking products。Instead, the company later, through its online platform, has been able to compete in foreign exchange, stocks,CFDs, futures, funds, bonds and futures have been expanded.。It is now seen more as a brokerage firm and investment fintech provider, with more than 100 financial institutions connected to theSaxo BankThe platform of。

因为Saxo BankPlay the role of the main broker, the trader can guarantee to receive the professional level trading platform and institutional level quotes。They offer no less than4000 tools and professional asset management, packageincluded in the global19,000 + stocks on 37 exchanges, 9,000 CFDs, 182 FX pairings, 140 FX futures, in addition to futures, ETFs, bonds, shared funds, and options。Few other brokerage firms offer such a broad portfolio。

Saxo BankHow about the security of funds??Saxo BankMost of our customers belong to top financial institutions, such as other banks, fintech companies, hedge funds, etc.。Obviously, ifSaxo BankUntrustworthy, they will not cooperate with it。It is also a legitimate institution with a solid banking background.。For the EU andBetter news for MENA residents,Saxo BankNegative balance protection also available。

However, in joiningSaxo BankBefore, several possible disadvantages may need to be considered。First, transaction costs are more expensive for certain asset classes than for others。Especially for bonds, options and futures。Secondly,Saxo BankMinimum deposit required from classic accountStarting at $10,000, $200,000 for a platinum account and $1 million for a VIP account。Finally,Saxo BankNot provided24 / 7 online chat, so you can't always get instant responses to questions and help requests。

Interactive Brokers(Tracker Securities)

Offers a large number of tradable instruments (US-based)。

Minimum deposit is zero。

cheap transaction fees。

Complex trading platform。

Solid regulatory oversight。

Interactive Brokersis an American brokerage firm with a multinational license。The company was established inNew York City in 1978, currently operating the largest online trading platform in the United States, in terms of average daily revenue trading volume.。Interactive Brokersprimarily attractive to retail traders because of its low transaction fees and wide range of tradable instruments。Its latest trading platformIBKR Lite even offers commission-free trading of stocks and ETFs。

The company offers a wide range of assets including stocks, options, futures, spot currencies, bonds,ETFs, shared funds and managed portfolios。have more than60 managed portfolios, with annual management fees from 0.08% to 1.5% range, minimum start only $100。More well-funded accredited investors can even try toInteractive BrokersMake investments in hedge funds (note that under U.S. regulations, hedge funds are only open to accredited investors)。

在在Interactive BrokersWhat about financial security??Interactive BrokersLegally licensed on every continent。In the United States, the company is approved by the Securities and Exchange Commission (SEC), the New York Stock Exchange (NYSE), the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA) and the Chicago Mercantile Exchange (COMEX) among others to regulate。overseas,Interactive Brokershas obtained the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (SFC), the Canadian Investment Industry Regulator (IIROC), the UK Financial Conduct Authority (FCA) and many others are licensed.。

However, in joiningInteractive BrokersBefore, you should consider some shortcomings。First, their account opening procedures are relatively complicated due to strict regulations in the United States.。Secondly,Interactive BrokersThe trading platform is not very easy to use, and even the website is quite difficult to navigate.。Finally,Interactive BrokersTake an inactivity fee, which makes it more expensive for anyone to take a break in the transaction。

结论

So, which is the best broker for you??Saxo BankInteractive Brokersequally solid in terms of capital security and asset mix。You should choose according to the characteristics of the respective broker。

If you can afford a high minimum deposit,Saxo BankProbably the best broker。They offer everything a trader might need, including an excellent trading platform, numerous trading assets and a reliable research department。But if you want access to the U.S. stock and bond markets and don't have a lot of initial investment,Interactive BrokersWould be a better choice。Anyone can be inInteractive BrokersOpen an account with no minimum deposit requirements。

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