Written by ForexBrokers.com
In this head to head comparison of Saxo vs Spreadex, 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.
Comparing online brokers Saxo and Spreadex: Saxo was founded in 1992 and operates as a bank, while Spreadex began in 1999 and is not a bank. Neither company is publicly traded.
Regulation and trust: Saxo holds 7 Tier-1 licenses and 1 Tier-2 license, earning a 99/99 Trust Score from ForexBrokers.com (90–99 = highly trusted). Spreadex holds 1 Tier-1 license and no Tier-2 licenses, with a Trust Score of 70/99 (70–79 = average risk). This points to broader regulatory oversight for Saxo compared with Spreadex.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Year Founded | 1992 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
Saxo and Spreadex both offer competitive pricing, but Saxo comes out ahead for traders who want lower overall costs at higher account levels. Saxo’s commissions and fees rating is 5 out of 5 stars, and it is ranked #8 out of 36 brokers for this category by ForexBrokers.com. Its forex pricing is commission-free, with costs built into the spread, although accounts trading under 50,000 units per month are charged a $3 ticket fee per side. Saxo’s average EUR/USD spread in November 2023 was 1.1 pips for Classic, 1.0 pips for Platinum, and 0.9 pips for VIP, with the best savings reserved for larger-balance and high-volume clients.
Spreadex also offers straightforward pricing, and its average EUR/USD spread was 0.81 pips in January 2024, with a minimum spread of 0.6 pips reached 60% of the time during that month. That gives Spreadex a solid edge on headline spread costs at times, but its overall commissions and fees score is 4 out of 5 stars, and it ranks #27 out of 36 brokers. In simple terms, Spreadex can look cheaper on a spread-by-spread basis, while Saxo tends to deliver better value overall for more active and larger traders.
For most traders comparing online broker fees, Saxo is the stronger choice if you plan to trade more often, keep a larger account balance, or qualify for Platinum or VIP pricing. Spreadex may appeal to traders focused on low average spreads, but Saxo’s top-tier accounts and fee structure make it the better-rated broker for commissions and fees overall.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.0 | 0.81 |
| All-in Cost EUR/USD - Raw spread account | N/A | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo and Spreadex both give traders access to forex as CFDs or spot contracts, and both offer cryptocurrency CFDs. Neither broker supports copy trading or the purchase of actual, delivered cryptocurrency. Where Saxo stands out is in the size and variety of its market lineup: it offers about 71,000 tradeable symbols and 192 forex pairs, compared with Spreadex’s 10,000 symbols and 52 forex pairs. Saxo also lets clients buy exchange-traded shares on both U.S. and international exchanges, while Spreadex does not offer these non-CFD securities.
In ForexBrokers.com’s Range of Investments review, both brokers earn 5 out of 5 stars, but Saxo is ranked much higher overall, coming in at #3 out of 36 brokers versus Spreadex at #13. For investors who want a wider choice of markets and the ability to trade real stocks on major exchanges, Saxo offers the broader selection. Spreadex still covers the main bases, but its product range is more limited by comparison.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 10000 |
| Forex Pairs (Total) | 192 | 52 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Saxo and Spreadex both give traders a free demo account, a proprietary platform, and a web-based trading platform, so each broker offers flexible access for beginners and active traders alike. Both also let you trade straight from a stock chart, while neither supports copy trading or MetaTrader 4 and MetaTrader 5. The main difference is that Saxo also offers a Windows desktop download platform, which Spreadex does not.
When it comes to trading platforms and tools, Saxo has the edge. ForexBrokers.com rates Saxo 5 stars and ranks it #3 out of 36 brokers, while Spreadex earns 4 stars and ranks #37. In simple terms, both brokers cover the basics well, but Saxo gives traders more platform choice and a stronger overall experience for tools and usability.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 64 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Spreadex both offer mobile trading apps for iPhone and Android, and both let users set stock or forex price alerts. Each app also supports drawing trendlines on charts, making it easier to review market moves on the go. For everyday mobile access, both brokers cover the basics well.
The main difference is in app quality and syncing. Saxo stands out with watchlist syncing between mobile and online accounts, 64 technical studies in its mobile charting, and automatic saving of chart drawings. It is also rated 5 out of 5 stars for Mobile Trading Apps and ranks #3 out of 36 brokers by ForexBrokers.com, while Spreadex is rated 4 stars and ranks #36. Spreadex does not offer watchlist syncing, and it does not auto save chart drawings, which may matter to active traders who want a smoother mobile experience.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Saxo and Spreadex both give traders useful market research tools, including daily market commentary, forex news from major sources like Bloomberg and Reuters, Autochartist insights, and an economic calendar with key global events. Neither broker includes Trading Central, TipRanks, or Acuity Trading tools, so in that area they are closely matched.
The main difference is that Spreadex also offers a sentiment tool showing long and short positioning across markets, while Saxo does not. Even so, Saxo stands out overall for research, with a 5-star rating and a #1 ranking out of 36 brokers from ForexBrokers.com, compared with Spreadex’s 4 stars and #29 ranking.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to learning support for beginners, Saxo stands out as the stronger choice over Spreadex. Saxo offers forex and CFDs education, regular online client webinars, and at least 10 beginner videos plus 10 advanced videos, giving new traders and more experienced users plenty of material to work through. This wider range of learning tools helps make Saxo a more complete option for anyone who wants to build trading knowledge step by step.
Spreadex still provides at least 10 beginner videos, but it falls behind Saxo in several key areas. It does not offer monthly educational webinars, and it does not meet the same level of forex or CFDs education or advanced video content. That difference shows in independent ratings too: Saxo earns 5 out of 5 stars for Education and ranks 12th out of 36 brokers, while Spreadex scores 4 out of 5 stars and ranks 36th, making Saxo the better pick for traders focused on education.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 Spreadex. Saxo finished with an overall rank of #3, while Spreadex finished with an overall rank of #33.
Saxo is a 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
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Spreadex
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|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 70 |
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Saxo vs Spreadex: neither broker allows purchases of actual (delivered) cryptocurrency, but both offer cryptocurrency CFD trading for exposure without owning the underlying asset.
Both Saxo and Spreadex support bank wire transfers for deposits and withdrawals, but neither offers ACH/SEPA, PayPal, or Skrill, and Visa/Mastercard availability is not specified.
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 | Spreadex | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Saxo Review | Spreadex Review |
| Broker Screenshots | Saxo | Spreadex | |
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| Regulation | Saxo | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 70 | |
| Year Founded | 1992 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| 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 | No |
| Tier-2 Licenses (Trusted) | Saxo | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 71000 | 10000 | |
| Forex Pairs (Total) | 192 | 52 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.0 | 0.81 | |
| All-in Cost EUR/USD - Raw spread account | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | Saxo | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Saxo | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Saxo | Spreadex | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | Saxo Review | Spreadex Review |
| Overall | Saxo | Spreadex | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Saxo Review | Spreadex Review |
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