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Interactive Brokers vs Saxo UK 2026

StockBrokers.com

Written by StockBrokers.com

July 31, 2025

In this head to head comparison of Interactive Brokers vs Saxo UK, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Interactive Brokers
4.5/5 Stars Overall
  • Minimum Deposit: £0
  • ISA: Yes
  • SIPP: Yes
Saxo UK
4.5/5 Stars Overall
  • Minimum Deposit: £0
  • ISA: Yes
  • SIPP: Yes

Your capital is at risk.

Fees

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, Interactive Brokers offers better pricing than Saxo UK for share dealing.

query_stats What type of trader are you?

New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.

Investment Choices

Interactive Brokers vs Saxo UK: both let UK investors trade shares, ETFs, CFDs, crypto, funds, corporate bonds, gilts and investment trusts. Spread betting isn’t listed for either provider. Whichever you choose, you can build a portfolio across shares and funds or trade more advanced instruments like CFDs and crypto within their platforms.

For investment choice, both are rated 5 stars by UK.StockBrokers.com, with Interactive Brokers ranked #1 of 21 brokers and Saxo UK #2. Since their market coverage is broadly similar, decide based on other needs—pricing, platform tools, research and account features—knowing either offers a very wide range to trade and invest in.

Feature Interactive Brokers logoInteractive Brokers
Saxo UK logoSaxo UK
Share Trading info Yes Yes
CFD Trading info Yes Yes
ETFs info Yes Yes
Mutual Funds info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info Yes Yes
Advisor Services info No No
Investment Choices 5/5 Stars 5/5 Stars

Featured Offers


IG
4.5/5 Stars

Low-cost US and UK shares.

Interactive Brokers
4.5/5 Stars

Professional’s Gateway to the World’s Markets.

Trading Tools

Comparing trading tools, Interactive Brokers offers deeper charting than Saxo UK: 85 drawing tools and 155 technical indicators versus Saxo UK’s 20 drawing tools and 64 indicators. Interactive Brokers also lets you display corporate events (earnings, splits, dividends) on charts, add notes, and use index overlays. Saxo UK does not support those features. Both brokers allow stock overlays.

For platforms and alerts, both Interactive Brokers and Saxo UK provide a browser-based trading platform and let you create price alerts. Neither offers real-time market data.

Feature Interactive Brokers logoInteractive Brokers
Saxo UK logoSaxo UK
Web Platform info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 155 64
Charting - Drawing Tools info 85 20
Charting - Notes info Yes No
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info Yes Yes
Charting - Index Overlays info Yes No

ISAs and SIPPs

Interactive Brokers vs Saxo UK: for UK investors comparing tax-efficient accounts, both brokers offer ISAs and pension accounts via SIPPs. Since each provides these core options, focus on fees, the range of investments you can hold, platform ease of use, research tools, and customer support. The right choice will depend on how you invest, what it costs you, and how you prefer to manage your savings.

Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.

Mobile App

Interactive Brokers vs Saxo UK for mobile trading in the UK: both offer iPhone and Android apps and both earn five-star mobile app ratings from UK.StockBrokers.com. However, in its 21-broker Mobile Apps ranking, UK.StockBrokers.com places Saxo UK 1st and Interactive Brokers 5th, so while each app is highly rated, Saxo UK takes the top spot for overall mobile experience.

Dive deeper: Best Stock Trading Apps UK.

Beginners and Education

For beginner investor education, both Interactive Brokers and Saxo UK run live client webinars and keep them available on demand, covering core topics like share trading, funds and retirement. UK.StockBrokers.com rates both at 5 out of 5 for beginner education, but ranks Saxo UK higher overall (#2 of 21) than Interactive Brokers (#4 of 21). If you want similar depth with a slight edge in league-table position, Saxo UK nudges ahead, while Interactive Brokers remains a strong alternative with equally top-rated learning content.

Feature Interactive Brokers logoInteractive Brokers
Saxo UK logoSaxo UK
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info Yes Yes
Education 5/5 Stars 5/5 Stars

Dive deeper: Best UK Trading Platforms for Beginners.

Market Research

Interactive Brokers vs Saxo UK: for market research, both online brokers offer near-identical features for UK investors. Each provides research reports for funds, plus detailed shares, ETF, funds and bonds research. You can also see your portfolio allocation by asset class on both platforms, making it easier to analyse your holdings and compare opportunities without switching tools.

Feature Interactive Brokers logoInteractive Brokers
Saxo UK logoSaxo UK
Research - Shares info Yes Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes Yes
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes Yes
Portfolio Allocation Breakdown info Yes Yes

Interactive Brokers vs Saxo UK Winner

Which broker is better overall, Interactive Brokers or Saxo UK? After collecting more than 900 data points over a 10-week period, we found Interactive Brokers to be a better trading platform overall.

Interactive Brokers is a sophisticated trading platform aimed at confident and institutional-grade investors. For newer investors, Interactive Brokers is more intimidating, though it's worth exploring the platform to see if you could save money or access more investments compared to other brokers.

Feature Interactive Brokers logoInteractive Brokers
Saxo UK logoSaxo UK
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 5/5 Stars 5/5 Stars
Website 5/5 Stars 4.5/5 Stars
Ease of Use 4/5 Stars 4/5 Stars
Education 5/5 Stars 5/5 Stars

FAQs

Can you trade cryptocurrency with Interactive Brokers or Saxo UK?

Interactive Brokers vs Saxo UK: both online brokers offer crypto trading, giving investors the ability to trade cryptocurrencies on either platform.

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Overall Rating Interactive Brokers Saxo UK
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 5/5 Stars 5/5 Stars
Website 5/5 Stars 4.5/5 Stars
Ease of Use 4/5 Stars 4/5 Stars
Education 5/5 Stars 5/5 Stars
Review Interactive Brokers Review Saxo UK Review
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Investments Interactive Brokers Saxo UK
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes Yes
CFD Trading info Yes Yes
Mutual Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info Yes info
Advisor Services info No No
Trading Fees Interactive Brokers Saxo UK
Minimum Deposit info £0 £0
Share Trading: 0-9 Deals/ Month info £3 $1 / £3 / €3
Share Trading: 10-19 Deals/ Month info £3 $1 / £3 / €3
Share Trading: 20+ Deals/ Month info £3 $1 / £3 / €3
5 trades per year (£30k portfolio) info
12 trades per year (£30k portfolio) info
36 trades per year (£30k portfolio) info
120 trades per year (£30k portfolio) info
3 fund trades per year (£30k portfolio) info
Annual Platform Fee (Funds): £0 - £250,000 info £0 0.4%, 0.2%, 0.1% info
Annual Platform Fee (Funds): £250K-£500K info £0 0.4%, 0.2%, 0.1%
Annual Platform Fee (Funds): £500,000 - £1m info £0 0.4%, 0.2%, 0.1%
Annual Platform Fee (Funds): £1m and over info £0 0.4%, 0.2%, 0.1%
Bonds - Corporate - Fee info 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) €20 minimum
Bonds - Government (Gilts) - Fee info 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) €20 minimum
ETFs - Fee info £3 From $1
Investment Trusts - Fee info £3 0.03/0.06/0.08%
Telephone Dealing Fee info $30 £50
Broker Screenshots Interactive Brokers Saxo UK
Website Gallery (click to expand)
The home page of the Interactive Brokers website (demo account). The order ticket on the IBKR website. List of available indicators for the charts when viewing a share price on the IBKR website.
SaxoInvestor home page on the web. A watchlist of stocks on SaxoInvestor web app. Saxo home screen. Saxo web research home. Saxo stock information Rightmove. Saxo research home. Saxo Microsoft shares costs.
Mobile Trading Apps Gallery (click to expand)
The home screen of the IBKR mobile app. The customisation screen for the homepage of the IBKR mobile app. The watchlist on the IBKR mobile app. Share price information for Barclays stock on the IBKR mobile app. Viewing a stock chart for Lloyds Bank on the IBKR mobile app. The order ticket on the IBKR mobile app (slide to buy). Order fulfillment screen on the IBKR mobile app. Various order types available on the IBKR mobile app. Setting advanced order conditions on the IBKR mobile app. The Learn page of the IBKR mobile app. IBKR GlobalTrader home page. The trade ticket on the IBKR GlobalTrader mobile app. Order preview for purchasing Apple stock on the IBKR GlobalTrader app.
Home page of the SaxoInvestor mobile app. Markets tab of the SaxoInvestor mobile app showing the most popular stocks. Markets tab of the SaxoInvestor mobile app showing various indices. Individual stock chart on the SaxoInvestor mobile app. Example of a trade ticket showing trading fees on the SaxoInvestor mobile app. Watchlist of mining stocks on the SaxoInvestor mobile app. A list of thematic watchlists on the SaxoInvestor mobile app.
Education Gallery (click to expand)
Saxo education Saxo education Saxo education Saxo TraderGo SaxoSelect Saxo TraderGo webinars
Platforms & Tools Interactive Brokers Saxo UK
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 155 64
Charting - Drawing Tools info 85 20
Charting - Notes info Yes No
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info Yes Yes
Charting - Index Overlays info Yes No
Research Interactive Brokers Saxo UK
Research - Shares info Yes Yes
Research - CFDs info
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes Yes
Portfolio Allocation Breakdown info Yes Yes
Education Interactive Brokers Saxo UK
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Overall Summary Interactive Brokers Saxo UK
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 5/5 Stars 5/5 Stars
Website 5/5 Stars 4.5/5 Stars
Ease of Use 4/5 Stars 4/5 Stars
Education 5/5 Stars 5/5 Stars
Review Interactive Brokers Review Saxo UK Review
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