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Head to head
Saxo or LYNX? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.
Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.
A Danish bank that trades like a professional platform — broad, polished, and no longer expensive.
The friendliest front door to Interactive Brokers in the German-speaking market — and the most expensive one.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
Four decision axes, each derived from the recorded data.
Overall Saxo takes it, 4.4 against 4.1 out of 5. Saxo is the cheaper of the two: a reference EUR 5,000 stock order costs €4.00 there against €7.00. Saxo scores 96 against 80 out of 100 on the group index. Your account's protection depends on its legal entity. Both cover 11 of 14 asset classes. On platform and app Saxo is ahead, 4.7 against 4.3 out of 5. Which one is right depends on which of these axes matters for your trading profile.
SaxoLYNXSaxoLYNXSaxoLYNXSaxoLYNXSaxoLYNXUp to four brokers at once — every row a decision point.
Data as of: 30 Aug 2026
| Criterion | ||
|---|---|---|
| Overall score | 4.4 — Better | 4.1 |
| Group index | 96 of 100 | 80 of 100 |
| Best for | Multi-asset portfoliosBond investorsOptions and futures tradersPlatform quality seekersEuropean investors wanting a bank | German-speaking investors who want IBKR access without TWSOptions and futures tradersInvestors who value education and analysisGlobal stock pickers with larger order sizesPeople who want no minimum deposit |
| Regulation | DFSAFCAFINMAMASJFSA | AFMBaFinCBIFCA |
| Top-tier licences | 5 — Better | 4 |
| Investor protection | CHF 100,000 — Better | £85,000 |
| Listed group | No | No |
| Banking licence | Yes | No |
| Segregated client accounts | Yes | Yes |
| Negative balance protection | Yes | Yes |
| Audited financials | Yes | No |
| Disclosed regulatory actions | None | 1 |
| Founded | 1992 | 2006 |
| Headquarters | Copenhagen, DK | Amsterdam, NL |
| Fees | 4.2 — Better | 3.4 |
| Safety & regulation | 4.7 — Better | 4.0 |
| Trading platform | 4.7 — Better | 4.5 |
| Product range | 4.8 — Better | 4.5 |
| Mobile app | 4.6 — Better | 4.1 |
| Research | 4.5 — Better | 4.3 |
| Customer support | 3.8 | 4.5 — Better |
| Deposit & withdrawal | 4.0 — Better | 3.8 |
| Account opening | 4.2 | 4.3 — Better |
| Education | 4.0 | 4.5 — Better |
| Reference order EUR 5,000 | €4.00 — Better | €7.00 |
| Minimum deposit | None | None |
| Stocks (per order) | 0.08 % — Better | 0.14 % |
| US stocks | 0.08 % — Better | US$0.01/share |
| ETFs | 0.08 % — Better | 0.14 % |
| Options | US$2 — Better | €2 |
| Futures | US$3 | €1.50 — Better |
| Crypto | n/a | Not offered |
| Bonds (order) | 0.2 % | 0.2 % |
| Funds (order) | Free | 0.2 % |
| EUR/USD spread | 0.7 pips | n/a |
| Index CFD spread | n/a | n/a |
| FX conversion | 0.25 % | 0.005 % — Better |
| Inactivity fee | None | n/a |
| Custody fee | 0.15 % p.a. | None — Better |
| Withdrawal fee | free — Better | €1 |
| Deposit fee | free | free |
| Overnight financing | n/a | n/a |
| Other fees |
|
|
| Asset classes (of 14) | 11 | 11 |
| Exchanges | 50 | 100 — Better |
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | No | No |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Commodities | Yes | Yes |
| Indices | Yes | Yes |
| Warrants | Yes | Yes |
| Spread betting | No | No |
| Social trading | No | No |
| Platforms | SaxoTraderGOSaxoTraderPROSaxoInvestorSaxo mobile appSaxo OpenAPITradingView integration | LYNX+Trader Workstation (TWS)LYNX Trading AppInteractive Brokers APITWS Mosaic / Client Portal |
| Demo account | Yes | Yes |
| Fractional shares | No | Yes |
| Maximum leverage | 1:30 · Pro 1:200 | 1:30 · Pro 1:200 |
| Account opening | Fully online with electronic ID in most markets; often same day, otherwise 1–3 business days | Fully online, no minimum deposit; typically 1–3 business days |
| Account types | ClassicPlatinumVIP | EinzeldepotGemeinschaftsdepotFirmendepotMargin-Konto |
| Payment methods | Bank transferSEPA | Bank transferSEPA |
| Account currencies | EURUSDGBPCHFDKKSEKNOKAUDCADJPY+9 | EURUSDCHFGBPAUDCADJPYHKDSGDSEK+8 |
| Deposit time | SEPA same day to 2 business days; international wire 1–3 business days | SEPA 1–2 business days; international wire 1–4 business days |
| Withdrawal time | Usually 1 business day to the registered bank account | 1–3 business days |
| Free withdrawals | n/a | 1/month |
| Languages | EnglishDanishGermanFrenchItalianSpanishDutchPolishCzechSwedish+4 | GermanDutchEnglish |
| Channels | PhoneEmailLive chatTicket system | PhoneEmailTicket system |
| Availability | Monday to Friday, local office hours across 16 service locations; trading desks cover market hours | Monday to Thursday 08:00–20:00, Friday 08:00–18:00 CET; Interactive Brokers' English-language desk covers the remaining hours |
Editorial assessment based on the recorded data.
Saxo
A Danish bank that trades like a professional platform — broad, polished, and no longer expensive.
Pros
Cons
Best for
LYNX
The friendliest front door to Interactive Brokers in the German-speaking market — and the most expensive one.
Pros
Cons
Best for
Open an account with either
A demo account costs nothing and answers the platform question in ten minutes.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
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