Written by ForexBrokers.com
In this head to head comparison of Saxo vs Exness, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Saxo Bank, established in 1992, is a well-regarded online broker with a stellar Trust Score of 99 from ForexBrokers.com, signifying it as highly trusted. As a licensed bank, Saxo holds an impressive seven Tier-1 licenses, the highest level of regulatory trust, along with one Tier-2 license. These credentials underscore its commitment to customer safety and transparency, positioning it as a reliable choice for traders seeking a trusted trading platform.
Founded in 2008, Exness is a reputable broker with a ForexBrokers.com Trust Score of 81, marking it as trusted. While it is not a bank, Exness maintains a respectable regulatory standing with two Tier-1 licenses and three Tier-2 licenses. This solid regulatory framework provides users with a considerable level of trust and reliability, appealing to traders who prioritize safety and security in their brokerage service.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Year Founded | 1992 | 2008 |
| Publicly Traded (Listed) | ||
| Bank | Yes | |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When it comes to commissions and fees, Saxo and Exness present two different approaches tailored to suit a variety of traders' needs. Saxo is renowned for its competitive pricing, making it ideal for active and high-volume traders. With an average spread of 1.1 pips on the EUR/USD for Classic accounts, and even lower spreads for Platinum and VIP accounts, Saxo ensures charges remain within industry standards. Notably, Saxo waives custody fees for those engaging in securities lending. Despite a reduced entry-level deposit of $0 for Classic accounts, Platinum and VIP accounts require substantial deposits of $200,000 and $1,000,000, respectively. Warren accolades for its VIP service further cements Saxo's appeal to elite investors. Rated at 5 stars for commissions and fees, Saxo ranks #9 out of 63 brokers according to ForexBrokers.com.
Exness, by contrast, provides diverse account options with varying cost structures, catering to different trading preferences. Traders can choose from five main types, including two standard accounts and three professional accounts, each offering distinct fee setups. While the Standard Cent account reflects the highest spreads, the Pro account presents lower spreads and flexible execution methods. Commission-based options like the Zero Spread and Raw accounts feature even tighter spreads but impose small trading commissions of $0.05 and up to $7 per trade, respectively. Exness earns a 4-star rating for its commissions and fees and is placed at #35 among 63 brokers by ForexBrokers.com.
In summary, Saxo and Exness provide tailored pricing strategies that address different trading styles and needs. Saxo excels in offering low spreads and premium services to high-tier investors, making it a top choice for experienced traders seeking value in high-volume trades. Exness appeals to a broader trading spectrum with its variety of account types, balancing lower spreads and execution flexibility across its offerings. Whether seeking the prestige and premium features of Saxo or the varied options of Exness, traders have ample opportunities to find a setup that fits their trading strategies.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | |
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When evaluating Saxo and Exness for their range of investment opportunities, Saxo stands out with an impressive offering. Saxo provides access to 70,000 tradeable symbols and 190 forex pairs, allowing investors to diversify their portfolio significantly. Clients can also trade exchange-traded securities on both U.S. and international exchanges, opening up opportunities to invest in well-known companies like Apple and Vodafone directly. Furthermore, Saxo offers both copy trading options and access to cryptocurrency derivatives, though it does not support the purchase of actual cryptocurrencies.
In contrast, Exness offers 227 tradeable symbols and 96 forex pairs, providing a narrower selection than Saxo. While it does feature copy trading and access to cryptocurrency derivatives, Exness does not support trading in exchange-traded securities like U.S. or international stocks, which may limit options for some investors. These differences in offerings are reflected in their ratings: Saxo earns 5 stars for its range of investments, ranking #3 out of 63 brokers, whereas Exness holds 3.5 stars and is ranked #55, illustrating a more limited selection overall.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 227 |
| Forex Pairs (Total) | 190 | 96 |
| U.S. Stock Trading (Non CFD) | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | ||
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing Saxo and Exness for trading platforms and tools, both brokers offer rich features tailored for different trading needs. Saxo impresses with its comprehensive in-house platform, which is complemented by the availability of a Windows-based desktop application and a web-based option for trading directly through your browser. Exness, while also offering proprietary platform access, stands out with its support for MetaTrader 4 and MetaTrader 5, catering to those familiar with these popular platforms. Both brokers provide demo accounts for simulated trading, and they offer copy trading, enhancing the educational and experiential trading experience.
Saxo offers traders the advantage of 20 drawing tools and an outstanding 60 columns for watch lists, providing more customization and data analysis options. Exness, on the other hand, overshadows Saxo with 87 drawing tools, though its watch list columns are fewer at seven. Trading directly from stock charts is possible with both brokers, ensuring efficiency and convenience for active traders. Rated five stars, Saxo is a top contender in the trading platforms and tools sector, ranking first among 63 brokers on ForexBrokers.com. Exness, while rated four stars, holds the 26th position, highlighting its robust offerings but also room for growth in some areas.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | ||
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 64 | 107 |
| Charting - Drawing Tools (Total) | 20 | 87 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Saxo and Exness, both platforms provide robust features for iPhone and Android users, including stock and forex price alerts. Saxo users can enjoy a seamless experience with features like synchronized watchlists between the app and online account, while Exness lacks this particular integration. For traders interested in technical analysis, Saxo offers 64 charting technical studies compared to Exness's 35, providing more comprehensive tools for market analysis.
Both Saxo and Exness allow trendline drawings and offer multiple time frame views on their charts. However, Saxo goes one step further by automatically saving chart drawings. Real-time quotes and watchlist creation are available on both platforms. According to ForexBrokers.com, Saxo stands out with a 5-star rating and ranks second among 63 brokers in the Mobile Trading Apps category. Exness, while still offering quality services with a 4-star rating, ranks 26th, indicating Saxo's superior mobile app experience.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers Saxo and Exness, both provide daily market commentary and deliver forex news from top-tier sources like Bloomberg and Reuters. For traders interested in technical analysis tools, Saxo utilizes services from Autochartist, while Exness relies on Trading Central for similar capabilities. Both brokers also offer sentiment-based trading tools, giving insights into long and short positions across various currency pairs. Additionally, each provides an economic calendar to keep traders informed on global news events.
In research rankings, Saxo shines with a five-star rating and is ranked first out of 63 brokers by ForexBrokers.com in the research category. Exness, while still offering competitive resources, has a 3.5-star rating and sits at the 41st position in the same list. While both brokers offer substantial tools, Saxo appears to edge out Exness with a more comprehensive and highly rated research package.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at Saxo and Exness, both online brokers offer a variety of materials tailored to new traders. Saxo provides a rich collection of educational content, with over ten pieces focusing on forex and CFDs, as well as impressive offerings of beginner and advanced video tutorials. Additionally, Saxo hosts at least one educational webinar per month and maintains a searchable archive of past webinars, making it easier for learners to revisit key topics. Their commitment to education is evident with a comprehensive investor dictionary and is underscored by their 5-star education rating and a respectable rank of #13 out of 63 brokers on ForexBrokers.com.
Exness also offers more than ten educational materials centered on forex and CFDs, along with beginner-focused video content. While Exness provides a searchable archive of webinars, it lacks the regular monthly webinars and doesn't provide advanced educational videos for more seasoned traders. Exness does match Saxo with an investor dictionary of over 50 investing terms, supporting foundational learning. However, with an overall education rating of 3.5 stars and a #47 ranking, Saxo stands out as the more comprehensive option for those starting their trading journey.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Saxo is better than Exness. Saxo finished with an overall rank of #3, while Exness finished with an overall rank of #43.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 81 |
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When comparing online brokers Saxo and Exness, it is important to note that neither offers the ability to buy actual delivered cryptocurrency, while both provide options to trade cryptocurrency derivatives.
While Saxo and Exness both support deposits and withdrawals via Visa, Mastercard, and bank wires, only Exness also provides the option of using Skrill, whereas neither Saxo nor Exness currently offer ACH or SEPA transfers, with PayPal not being a supported method for either broker.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Saxo | Exness | |
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| Trust Score | 99 | 81 | |
| Winner | check_circle | ||
| Review | Saxo Review | Exness Review |
| Broker Screenshots | Saxo | Exness | |
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| Regulation | Saxo | Exness | |
|---|---|---|---|
| Trust Score | 99 | 81 | |
| Year Founded | 1992 | 2008 | |
| Publicly Traded (Listed) | |||
| Bank | Yes | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Exness | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | |||
| Hong Kong (SFC Authorised) | Yes | ||
| Japan (SFC Authorised) | Yes | ||
| Singapore (MAS Authorised) | Yes | ||
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Saxo | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) | Yes |
| Investments | Saxo | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 227 | |
| Forex Pairs (Total) | 190 | 96 | |
| U.S. Stock Trading (Non CFD) | Yes | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | |||
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Saxo | Exness | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | ||
| Inactivity Fee | Yes | ||
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Exness | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | Saxo | Exness | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | |||
| DupliTrade | |||
| ZuluTrade |
| Trading Tools | Saxo | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 107 | |
| Charting - Drawing Tools (Total) | 20 | 87 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Exness | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | ||
| Mobile Charting - Indicators / Studies | 64 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | ||
| Mobile Economic Calendar | Yes | Yes |
| Research | Saxo | Exness | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | ||
| TipRanks | |||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Exness | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | ||
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | Exness | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Saxo Review | Exness Review |
| Overall | Saxo | Exness | |
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| Trust Score | 99 | 81 | |
| Winner | check_circle | ||
| Review | Saxo Review | Exness Review |
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