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: Saxo earns 5 stars (ranked #9 of 63 by ForexBrokers.com), while Spreadex earns 4 stars (ranked #28). On EUR/USD, Saxo’s average spreads as of November 2023 were 1.1 pips (Classic), 1.0 pips (Platinum), and 0.9 pips (VIP), with minimums about 0.2 pips tighter (roughly 0.9/0.8/0.7). Spreadex averaged 0.81 pips in January 2024, with a 0.6-pip minimum reached 60% of the month. In short, Spreadex’s quoted average was lower than Saxo’s published averages, while Saxo’s higher-tier accounts narrow the gap and bring pricing closer to the industry average.
For forex, Saxo is spread-only (commission-free); however, if you trade less than 50,000 units in a month, a $3 ticket fee per side applies. Saxo also waives custody fees for share trading if you opt into securities lending. Spreadex’s provided data centers on spreads; its EUR/USD pricing was frequently near the 0.6-pip minimum during the sample month.
Saxo’s pricing improves with account tier. Classic has a $0 minimum deposit. Platinum requires $200,000 (AUD 300,000 in Australia) or an upgrade via Saxo’s Loyalty Program—for example, about $40 million in forex volume could qualify you for 12 months of Platinum. VIP—winner of the 2024 #1 VIP Client Experience—requires a $1,000,000 deposit or roughly $167 million in annual forex volume, and adds the most savings plus access to exclusive events and Saxo analysts.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.1 | 0.81 |
| 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 | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo vs Spreadex: both brokers let you trade forex as CFDs or spot and both support cryptocurrency derivatives, but neither lets you buy actual crypto. Each earns 5 stars for Range of Investments, yet Saxo ranks higher overall in this category (#3 of 63) than Spreadex (#14 of 63).
The big gap is in market depth. Saxo offers about 70,000 tradeable symbols and 190 forex pairs, plus access to exchange-traded shares on U.S. and international exchanges (so you can buy stocks like Apple or Vodafone outright). Spreadex lists about 10,000 symbols and 52 forex pairs, and does not offer exchange-traded shares on U.S. or international markets. Saxo also supports copy trading, while Spreadex does not.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 10000 |
| Forex Pairs (Total) | 190 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
Saxo and Spreadex both offer in-house trading platforms with web access and free demo (paper) accounts. Saxo also provides a Windows desktop platform, while Spreadex does not. Both let you place trades directly from charts and include technical indicators, but Saxo supplies more drawing tools (20 vs. 11) and far more watchlist fields (60 vs. 8). Copy trading is available at Saxo, whereas Spreadex does not support it. Neither broker offers MT4, MT5, ZuluTrade, or DupliTrade.
For trading platforms and tools, ForexBrokers.com rates Saxo at 5 stars and ranks it #1 out of 63 brokers, while Spreadex earns 4 stars and ranks #47. If you want a desktop platform, deeper watchlists, more chart drawing tools, and copy trading, Saxo is the stronger fit. If you prefer a simpler web platform and still want access to a demo account and chart trading, Spreadex covers the basics.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 58 |
| Charting - Drawing Tools (Total) | 20 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Spreadex both offer mobile trading apps for iPhone and Android, with price alerts and real-time quote watchlists available on each. For charting, both apps let you draw trendlines and switch between multiple time frames, such as intraday, daily, or weekly. These shared basics make it easy to track markets and act quickly from your phone.
The main differences show up in syncing, chart tools, and ratings. Saxo syncs watchlists between the app and the web platform, while Spreadex does not. Saxo also auto-saves chart drawings; Spreadex does not. For technical studies, Saxo includes 64 built-in indicators, whereas Spreadex does not list a number. Reflecting these gaps, ForexBrokers.com rates Saxo 5 stars and ranks it #2 out of 63 for Mobile Trading Apps, while Spreadex earns 4 stars and ranks #47. If you want deeper charting and seamless watchlists, Saxo stands out; if you just need core features, Spreadex covers the basics.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | N/A |
| 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.
In a Saxo vs Spreadex comparison for market research, both brokers cover the basics well. Each provides daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Both also offer Autochartist tools, a sentiment gauge that shows long/short positioning, and an economic calendar for global events. Neither broker includes Trading Central, TipRanks, or Acuity Trading.
The difference shows up in ratings. Saxo holds a 5-star Research rating and ranks #1 out of 63 brokers at ForexBrokers.com, while Spreadex earns 4 stars and ranks #32. If you want the highest-rated research experience, Saxo is the clear pick; if you’re fine with straightforward research that covers the essentials, Spreadex does the job.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| 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.
For beginners seeking educational resources from online brokers, Saxo and Spreadex both provide foundational materials on forex and CFDs, offering a library of at least 10 educational items such as articles and videos. However, Saxo stands out with its monthly online webinars, ensuring ongoing learning opportunities, whereas Spreadex does not offer regular live webinars. Saxo further distinguishes itself with a searchable archive of past webinars, providing easy access to prior sessions for further learning. Both brokers offer educational videos targeted at beginners, but Saxo extends learning into more advanced topics with a dedicated series of videos for experienced traders, which Spreadex lacks.
In terms of additional resources, both Saxo and Spreadex include an investor dictionary that covers over 50 investing terms, helping to clarify jargon for new traders. Education quality ratings see Saxo standing at 5 stars, while Spreadex is marked slightly lower at 4 stars. According to ForexBrokers.com rankings, Saxo takes a higher position in the education category, ranked 13th out of 63 brokers, compared to Spreadex’s ranking of 45th. Overall, Saxo emerges as a more comprehensive choice for beginners looking to deepen their understanding of trading.
| Feature |
Saxo
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| 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 Spreadex. Saxo finished with an overall rank of #3, while Spreadex finished with an overall rank of #39.
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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both Saxo and Spreadex do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to purchase cryptocurrency derivatives.
Both Saxo and Spreadex do not offer ACH, SEPA, PayPal, or Skrill for account transactions, but they do support Visa, Mastercard, and bank wires for deposits and withdrawals.
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 (SFC 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/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 10000 | |
| Forex Pairs (Total) | 190 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 0.81 | |
| 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 | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 8 | |
| Charting - Indicators / Studies (Total) | 64 | 58 | |
| Charting - Drawing Tools (Total) | 20 | 11 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | N/A | |
| 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 | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | Spreadex | |
|---|---|---|---|
| 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 | 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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