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.
Saxo, founded in 1992, and Spreadex, established in 1999, are both prominent names in the online brokerage industry. While neither is publicly traded, Saxo stands out as a bank, offering a greater sense of security. Saxo's regulatory credentials are impressive, with seven Tier-1 licenses and a Trust Score of 99, indicating it is highly trusted. Spreadex, on the other hand, possesses a single Tier-1 license and holds a Trust Score of 71, placing it in the average risk category according to ForexBrokers.com.
When choosing between these two brokers, Saxo provides a higher level of regulation and trust, making it a safer choice for investors seeking strong regulatory oversight. Spreadex offers a different appeal, but its lower Trust Score suggests a higher level of caution is advised. Understanding these differences can help investors make informed decisions based on their risk tolerance and preference for regulatory assurance.
| 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 vs. Spreadex on commissions and fees: Based on the figures provided, Spreadex averaged 0.81 pips on EUR/USD in January 2024 and hit a 0.6‑pip minimum 60% of the time. Saxo’s EUR/USD averages in November 2023 were 1.1 pips (Classic), 1.0 pips (Platinum), and 0.9 pips (VIP), with minimums about 0.2 pips below those averages. In short, Spreadex looks cheaper on EUR/USD most of the time, while Saxo narrows spreads for higher‑tier clients. Ratings and rankings: Saxo earns 5/5 stars and ranks #8 of 63 for Commissions and Fees; Spreadex earns 4/5 stars and ranks #25 of 63.
Saxo’s forex pricing is spread‑only (commission‑free), with one exception: if you trade under 50,000 units per month, there’s a $3 per‑side ticket fee. Account tiers affect spreads. Classic has a $0 minimum deposit. Platinum requires $200,000 (AUD 300,000 for Australian forex traders) or qualification via loyalty activity—for example, about $40 million in forex volume can upgrade you to Platinum for 12 months. VIP requires a $1,000,000 deposit or roughly $167 million in forex volume to qualify, and it delivers Saxo’s lowest spreads plus premium perks. For share trading, Saxo waives custody fees if you opt into securities lending.
Spreadex focuses on tight spreads, with the 0.6‑pip EUR/USD minimum available the majority of the time in the cited month, which can make it cheaper than Saxo’s Classic account and even undercut Saxo’s VIP average based on the periods above. If your main goal is low spreads on EUR/USD without account tier hurdles, Spreadex is compelling; if you trade heavy volume or keep a large balance and want tiered pricing and extras, Saxo’s structure can be attractive.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 1.0 | 0.81 |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Non-wire bank transfer | 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 cover the essentials for active traders: each offers forex trading as either CFDs or spot contracts, plus cryptocurrency CFDs. Neither provides copy trading or the ability to buy actual crypto. Where they differ is breadth. Saxo lists about 71,000 tradeable symbols and 190 forex pairs, while Spreadex offers roughly 10,000 symbols and 52 forex pairs—meaning Saxo has the larger menu for finding markets to trade.
If you want to buy and hold real shares, Saxo stands out: it lets clients purchase exchange‑traded securities on U.S. and international exchanges (think Apple on NASDAQ or Vodafone in London). Spreadex does not offer exchange‑traded shares. Both are rated 5 out of 5 stars for Range of Investments, but Saxo ranks higher overall (#3 of 63) compared to Spreadex (#13 of 63). In short, choose Saxo for the widest selection and access to actual stocks; pick either if your focus is CFD trading, including forex and crypto CFDs.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 10000 |
| Forex Pairs (Total) | 190 | 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 vs Spreadex: both brokers offer free demo (paper) accounts so you can practice risk-free. Each has a proprietary platform and a web-based trading platform you can use in your browser. If you want a downloadable desktop platform for Windows, only Saxo provides one; Spreadex focuses on its web platform for desktop use.
Neither broker supports copy trading or third-party platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Both let you trade directly from charts and organize markets with watch lists. According to ForexBrokers.com, Saxo earns 5 stars for Trading Platforms and Tools and ranks #3 out of 63 brokers, while Spreadex earns 4 stars and ranks #34. If platform features are your priority, Saxo has the edge; if you prefer a straightforward web experience, Spreadex is a solid choice.
| 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) | 61 | 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 each supports price alerts to help you stay on top of market moves. A key difference is watchlist syncing: Saxo syncs your watchlists between the app and your online account, while Spreadex does not, meaning changes made in one place won’t automatically appear in the other.
For charting on mobile, Saxo provides 64 technical studies and lets you draw trendlines that auto-save, so your work is there the next time you open a chart. Spreadex also allows trendline drawing, but drawings don’t auto-save, and it doesn’t publish a specific count of technical studies. According to ForexBrokers.com, Saxo earns 5 stars and ranks #3 out of 63 brokers for Mobile Trading Apps, while Spreadex holds 4 stars and ranks #33.
| 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 deliver daily market commentary and forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. Each online broker also offers Autochartist for technical setups, a sentiment tool showing the ratio of long and short positions, and an economic calendar for upcoming events. Neither platform integrates Trading Central, TipRanks, or Acuity Trading research.
The difference shows up in independent ratings: ForexBrokers.com gives Saxo 5 stars and ranks it #1 out of 63 brokers for research, while Spreadex earns 4 stars and ranks #27. In short, both cover the key market research features, but Saxo is rated higher overall, whereas Spreadex provides the essentials.
| 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 | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Saxo vs Spreadex for beginner education: both brokers offer at least 10 beginner-friendly video lessons that explain trading basics in clear steps, which is helpful if you’re new to forex and CFD trading. Where they differ is in depth and delivery. Saxo hosts ongoing client webinars (at least one each month) and also provides a large library of advanced videos for when you’re ready to move beyond the basics. Spreadex, while solid for entry-level learning with its beginner videos, does not run monthly educational webinars and does not match Saxo’s range of advanced content.
If you want a fuller learning path—from starter videos to live sessions and advanced topics—Saxo is the stronger pick. That’s reflected in its 5-star Education rating and 12th-place ranking out of 63 brokers by ForexBrokers.com. Spreadex earns 4 stars and ranks 33rd, making it a reasonable choice for straightforward beginner video learning, though it offers fewer ways to keep progressing over time.
| 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 #32.
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
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Spreadex
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| Overall Rating |
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| Trust Score | 99 | 71 |
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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 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review | Spreadex Review |
| Broker Screenshots | Saxo | Spreadex | |
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| Regulation | Saxo | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| 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) | Yes | 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 SCA 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) | 190 | 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) - Standard account | 1.0 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Inactivity Fee | Yes | 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 | 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) | 61 | 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 Watchlist [DELETED] | |||
| 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 | Yes | 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Saxo Review | Spreadex Review |
| Overall | Saxo | Spreadex | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Saxo Review | Spreadex Review |
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