Interactive Brokers vs Saxo UK 2026
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.
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.
Your capital is at risk.
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.
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.
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 |
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|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | Yes | Yes |
| ETFs | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Bonds - Government (Gilts) | Yes | Yes |
| Investment Trusts | Yes | Yes |
| Spread Betting | No | No |
| Crypto Trading | Yes | Yes |
| Advisor Services | No | No |
| Investment Choices |
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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 |
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|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 155 | 64 |
| Charting - Drawing Tools | 85 | 20 |
| Charting - Notes | Yes | No |
| Charting - Display Corporate Events | Yes | No |
| Charting - Stock Overlays | Yes | Yes |
| Charting - Index Overlays | Yes | No |
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.
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.
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 |
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|---|---|---|
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Education (Share Trading) | Yes | Yes |
| Education (Funds) | Yes | Yes |
| Education (Retirement) | Yes | Yes |
| Education |
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Dive deeper: Best UK Trading Platforms for Beginners.
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 |
|
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|---|---|---|
| Research - Shares | Yes | Yes |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | Yes |
| Research - Funds | Yes | Yes |
| Fund Research - Research Reports | Yes | Yes |
| Portfolio Allocation Breakdown | Yes | Yes |
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.
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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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↓×Compare
0 of 5| Overall Rating | Interactive Brokers | Saxo UK | |
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| Review | Interactive Brokers Review | Saxo UK Review | |
| Winner | check_circle |
| Investments | Interactive Brokers | Saxo UK | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | Yes | Yes | |
| Share Trading | Yes | Yes | |
| CFD Trading | Yes | Yes | |
| Mutual Funds | Yes | Yes | |
| ETFs | Yes | Yes | |
| Bonds - Corporate | Yes | Yes | |
| Bonds - Government (Gilts) | Yes | Yes | |
| Investment Trusts | Yes | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | Yes | ||
| Advisor Services | No | No |
| Trading Fees | Interactive Brokers | Saxo UK | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | £3 | $1 / £3 / €3 | |
| Share Trading: 10-19 Deals/ Month | £3 | $1 / £3 / €3 | |
| Share Trading: 20+ Deals/ Month | £3 | $1 / £3 / €3 | |
| 5 trades per year (£30k portfolio) | |||
| 12 trades per year (£30k portfolio) | |||
| 36 trades per year (£30k portfolio) | |||
| 120 trades per year (£30k portfolio) | |||
| 3 fund trades per year (£30k portfolio) | |||
| Annual Platform Fee (Funds): £0 - £250,000 | £0 | 0.4%, 0.2%, 0.1% | |
| Annual Platform Fee (Funds): £250K-£500K | £0 | 0.4%, 0.2%, 0.1% | |
| Annual Platform Fee (Funds): £500,000 - £1m | £0 | 0.4%, 0.2%, 0.1% | |
| Annual Platform Fee (Funds): £1m and over | £0 | 0.4%, 0.2%, 0.1% | |
| Bonds - Corporate - Fee | 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) | €20 minimum | |
| Bonds - Government (Gilts) - Fee | 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) | €20 minimum | |
| ETFs - Fee | £3 | From $1 | |
| Investment Trusts - Fee | £3 | 0.03/0.06/0.08% | |
| Telephone Dealing Fee | $30 | £50 |
| Broker Screenshots | Interactive Brokers | Saxo UK | |
|---|---|---|---|
| Website Gallery (click to expand) | |||
| Mobile Trading Apps Gallery (click to expand) | |||
| Education Gallery (click to expand) |
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| Platforms & Tools | Interactive Brokers | Saxo UK | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 155 | 64 | |
| Charting - Drawing Tools | 85 | 20 | |
| Charting - Notes | Yes | No | |
| Charting - Display Corporate Events | Yes | No | |
| Charting - Stock Overlays | Yes | Yes | |
| Charting - Index Overlays | Yes | No |
| Research | Interactive Brokers | Saxo UK | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | |||
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | Yes | |
| Portfolio Allocation Breakdown | Yes | Yes |
| Education | Interactive Brokers | Saxo UK | |
|---|---|---|---|
| Education (Share Trading) | Yes | Yes | |
| Education (Funds) | Yes | Yes | |
| Education (Retirement) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes |
| Overall Summary | Interactive Brokers | Saxo UK | |
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| Education |
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| Review | Interactive Brokers Review | Saxo UK Review | |
| Winner | check_circle |