Saxo Bank vs Interactive Brokers — which is better for EU traders?
How this answer was verified
- Cross-checked against broker-published fact sheets, regulator licensing databases, and ESMA product intervention notices.
- Reviewed by the FX-Brokers EU editorial desks (Markets, Platforms, Regulation). Desk structure disclosed at /about/editorial-desks.
- Refreshed quarterly. The most recent verification date is shown above. Read our methodology.
Related
What is the best forex broker in Europe in 2026?
Our editorial team's top pick for EU traders in 2026 is Pepperstone (9.3/10), followed by IG (9.2/10) and XM (9.0/10). Pepperstone wins on BaFin regulation, a zero minimum deposit and raw 0.0-pip spreads. IG offers the broadest market coverage with 17,000+ instruments. XM adds CySEC cover and strong education. Exness, though highly rated globally, closed EU/EEA retail onboarding in 2019 and does not accept EU residents, so it is excluded from EU shortlists.
Is forex trading profitable in 2026?
Forex trading is profitable for a minority of retail traders. Regulatory data from ESMA and national authorities consistently shows that 65-85% of retail CFD and forex accounts lose money. The most successful traders treat it as a multi-year skill development process with strict risk management rather than a quick income source.
Interactive Brokers vs Saxo — which is better for professionals?
Interactive Brokers wins on commission cost across stocks, ETFs and options, and on global market access (150 markets, 33 countries). Saxo wins on UX, SaxoTraderGO/PRO platforms, and on European banking infrastructure. Professionals optimising for cost: Interactive Brokers. Professionals prioritising platform and Danish banking safeguards: Saxo.
What is the best forex broker for Hong Kong traders in 2026?
For Hong Kong traders the top picks are Saxo Hong Kong (SFC Type 3, Danish banking parent), Interactive Brokers Hong Kong (full multi-asset access) and IG Hong Kong. All three hold the SFC Type 3 Leveraged Foreign Exchange Trading licence required for retail FX.
Pepperstone vs Exness — which is better?
For EU, EEA and UK traders the comparison is settled by availability: Pepperstone onboards them under CySEC/FCA regulation (EU/EEA via CySEC, UK via FCA), while Exness closed onboarding to those residents in 2019. Outside the EU/UK, both are top-tier ECN brokers with 0.0-pip raw spreads — Exness adds instant 24/7 withdrawals and more account types, Pepperstone keeps a zero minimum deposit and stronger multi-regulator coverage.
FxPro vs Tickmill — which is better for EU traders?
Tickmill wins on raw pricing — Pro account offers 0.0 pip EUR/USD spreads with $6 round-turn commission, lowest in the EU-regulated bracket. FxPro wins on platform breadth (cTrader, MT4, MT5, FxPro Edge) and 70+ industry awards. Both are CySEC-regulated. For active scalpers, Tickmill. For broader instrument coverage, FxPro.