IC Markets
Top global candidate ★ ★ ★ ★ ★★4.8
Active partner program; confirm the available legal entity and trading conditions for your country.
IC Markets vs Saxo Bank
A side-by-side look at IC Markets and Saxo Bank — score, fees, platforms and who each one actually fits best.
Saxo Bank
Prestige multi-asset bank broker ★ ★ ★ ★ ★ 3.2
Licensed bank in 7 Tier-1 jurisdictions, Trust Score 99 from ForexBrokers.com. Premium positioning — verify affiliate terms before promoting, likely a higher bar for approval.
Quick verdict
IC Markets scores higher overall (4.8 vs 3.2), but a higher score doesn't automatically mean it's the right pick for you.
IC Markets is the stronger fit for low-spread trading, scalping, MT4/MT5/cTrader workflows, while Saxo Bank is built more around high-net-worth traders, multi-asset portfolios, premium research.
Regulation: IC Markets — ASIC (335692), CySEC (362/18), FSA Seychelles (SD018) - operating since 2007. Saxo Bank — Danish FSA, FCA and 5 more Tier-1 regulators.
Minimum deposit: IC Markets — Commonly from $200, depending on entity. Saxo Bank — From $2,000, varies by account tier.
Side by side
IC MarketsSaxo Bank
Best forLow-spread trading, scalping, MT4/MT5/cTrader workflowsHigh-net-worth traders, multi-asset portfolios, premium research
PlatformsMT4, MT5, cTrader, TradingViewSaxoTraderGO, SaxoTraderPRO
RegulationASIC (335692), CySEC (362/18), FSA Seychelles (SD018) - operating since 2007Danish FSA, FCA and 5 more Tier-1 regulators
Minimum depositCommonly from $200, depending on entityFrom $2,000, varies by account tier
IC Markets strengths
- Raw spread model
- Deep platform choice
- Strong partner program
Saxo Bank strengths
- Licensed bank, not just a broker
- #1 research (ForexBrokers.com award)
- 7 Tier-1 regulators
Which one should you pick?
Pick IC Markets if you're mainly after low-spread trading, scalping, MT4/MT5/cTrader workflows. It stands out for raw spread model and deep platform choice.
Pick Saxo Bank if you're mainly after high-net-worth traders, multi-asset portfolios, premium research. It stands out for licensed bank, not just a broker and #1 research (ForexBrokers.com award).
Common questions
IC Markets vs Saxo Bank FAQ
Is IC Markets better than Saxo Bank?
IC Markets scores higher in our rating (4.8 vs 3.2), but Saxo Bank may still be the better fit if you specifically need high-net-worth traders, multi-asset portfolios, premium research.
What's the difference in regulation between IC Markets and Saxo Bank?
IC Markets: ASIC (335692), CySEC (362/18), FSA Seychelles (SD018) - operating since 2007. Saxo Bank: Danish FSA, FCA and 5 more Tier-1 regulators.