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.
When considering online brokers, Saxo and Exness present different profiles in terms of experience and trust ratings. Founded in 1992, Saxo not only operates as a bank but also holds a prestigious position in the financial world with a perfect Trust Score of 99 out of 99, indicating it is highly trusted. With seven Tier-1 licenses, Saxo is well-regulated, which adds to its credibility. In contrast, Exness, which started in 2008, is not a bank but still maintains a respectable presence with a Trust Score of 81, putting it in the trusted category. Exness is regulated with two Tier-1 licenses and three Tier-2 licenses, demonstrating a commitment to meeting high standards in various jurisdictions.
Neither Saxo nor Exness is publicly traded on a stock exchange, which is a notable consideration for potential investors seeking transparency and accountability. However, Saxo's status as a bank and its extensive regulatory credentials offer a significant assurance of security and stability. Meanwhile, Exness holds its own with a solid regulatory framework, catering to traders looking for a trusted broker with a slightly more flexible structure. Overall, both brokers provide reliable options, though Saxo stands out for those prioritizing a highly regulated environment.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Year Founded | 1992 | 2008 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Saxo and Exness for their range of investment options, Saxo clearly stands out with an impressive selection of over 70,000 tradeable symbols, including 190 forex pairs. Exness, on the other hand, offers a more limited menu with 227 tradeable symbols and 96 forex pairs. Saxo also provides the option to purchase exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in popular stocks like Apple and Vodafone. Exness does not offer this service, keeping its focus on derivatives and forex trading.
Both platforms offer forex trading as CFDs or spot contracts, as well as the chance to engage in copy trading. While neither allows for the purchase of actual cryptocurrencies, they both provide options for trading cryptocurrency derivatives. For those seeking extensive investment choices, Saxo clearly takes the lead with a 5-star rating in Range of Investments, ranking #3 out of 63 brokers. Exness, with a 3.5-star rating, trails behind at #55, making Saxo the preferred choice for investors seeking diversity in their trading portfolio.
| 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 | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| 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 the trading platforms and tools offered by Saxo and Exness, both brokers provide a wide array of features to cater to different types of traders. Saxo delivers a proprietary platform developed in-house, alongside offerings like a Windows-based desktop application and a web-based trading platform. Exness matches Saxo's offerings in these areas, delivering its own proprietary platform, Windows desktop compatibility, and web-based trading options. Both brokers support simulated paper trading through virtual demo accounts and provide copy trading capabilities. However, a significant difference lies in support for MetaTrader platforms—while Exness supports both MetaTrader 4 and MetaTrader 5, Saxo does not offer these popular platforms. Furthermore, Saxo excels with a spacious watch list functionality of 60 columns, compared to Exness's 7 columns.
Charting tools are a vital aspect of trading platforms, and here, the distinction becomes clear. Saxo offers a commendable 20 drawing tools, but Exness further enhances the charting experience with an impressive 87 drawing tools. Moreover, both brokers allow traders to execute trades directly from stock charts, yet the user experience may vary due to these differing toolsets. In terms of platform ratings, Saxo leads with a five-star rating and ranks as the number one broker out of 63 for its trading platforms and tools, showcasing its superior offerings. Exness, while highly competent with a four-star rating and a 26th rank, provides a slightly different experience more tailored for traders already accustomed to the MetaTrader ecosystem. Each broker devises a distinct trading environment, empowering traders with choices tailored to their individual preferences and technical needs.
| 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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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 mobile trading apps for online brokers, Saxo and Exness both offer comprehensive solutions for traders on the go. Available for both iPhone and Android devices, users of these apps can benefit from trading features such as real-time stock or forex alerts, the ability to draw trendlines, and the option to view multiple time frames on charts. Both Saxo and Exness enable traders to create watchlists with real-time quotes, although Saxo also offers watchlist syncing between its mobile app and online accounts, a feature that Exness doesn't provide.
Saxo's mobile app stands out with 64 technical studies available for charting, compared to 35 offered by Exness. Additionally, Saxo supports auto-saving drawings on charts, adding a layer of convenience not present in the Exness app. Users and reviewers highly praise Saxo's mobile trading app, awarding it 5 out of 5 stars, reflecting its superior user experience. In contrast, Exness receives a solid 4-star rating. Based on rankings by ForexBrokers.com, Saxo comes in impressively at #2 out of 63 brokers for mobile trading apps, while Exness holds the #26 spot. Saxo's mobile app capabilities position it as a favored choice for traders seeking versatility and ease.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research in online trading, both Saxo and Exness offer strong daily market commentary and forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. However, Saxo pulls ahead with additional tools from Autochartist, providing extra layers of technical and fundamental analysis for users. On the other hand, Exness includes resources from Trading Central, which Saxo does not offer. Both brokers provide traders with a sentiment-based trading tool and comprehensive economic calendars to aid in understanding global economic events, but neither utilizes tools from TipRanks or Acuity Trading.
In terms of rankings, Saxo is highly regarded, achieving a perfect 5-star rating for research from ForexBrokers.com, securing its position as the number one choice out of 63 brokers. Exness, while featuring some valuable resources, falls behind in comparison, holding a 3.5-star rating and ranking 41st. This juxtaposition highlights Saxo's comprehensive approach to research offerings, equipping traders with a more well-rounded set of tools for informed decision-making in the market.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Saxo and Exness both offer a substantial selection of materials to help new traders kickstart their forex journey. Saxo provides more comprehensive resources, with a consistent schedule of monthly online webinars that cater to client education. These webinars remain accessible through a searchable archive, ensuring that users can revisit valuable content at their convenience. Additionally, Saxo offers an extensive range of both beginner and advanced educational videos tailored to different experience levels. They also provide an investor dictionary containing over 50 key terms, serving as a great reference for new traders. This comprehensive approach earns Saxo a 5-star rating for education and places it at the 13th spot out of 63 brokers according to ForexBrokers.com.
Exness, on the other hand, offers a solid foundation for beginner traders, boasting over 10 educational pieces including videos and articles focused on forex and CFDs. However, unlike Saxo, Exness does not conduct regular monthly webinars, although they do provide a searchable archive of past webinars for continuous learning. While Exness also offers a dictionary with more than 50 investing terms and a selection of beginner-focused educational videos, it does not extend this offering to videos targeting advanced trading topics. This reflects in their 3.5-star education rating and a ranking of 47th out of 63 brokers, as per ForexBrokers.com.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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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Both Saxo and Exness do not offer the ability to buy actual delivered cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
While both Saxo and Exness do not support ACH, SEPA, or PayPal for fund transactions, they do allow deposits and withdrawals via Visa, Mastercard, and bank wires, with Exness additionally offering Skrill as an option.
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 |
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| Regulation | Saxo | Exness | |
|---|---|---|---|
| Trust Score | 99 | 81 | |
| Year Founded | 1992 | 2008 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| 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 | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Saxo | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | 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 | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Exness | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| 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) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| 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 | No | |
| Mobile Charting - Indicators / Studies | 64 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Saxo | Exness | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Exness | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| 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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