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 for forex traders, but Saxo comes out ahead overall for commissions and fees. Saxo is rated 5 stars and ranked #8 out of 36 brokers by ForexBrokers.com in this category, while Spreadex is rated 4 stars and ranked #26 out of 36. Saxo’s pricing is especially attractive for active, high-volume traders and clients who can keep larger balances, with its Platinum and VIP tiers offering some of the lowest costs.
With Saxo, forex trading is generally commission-free, with the broker earning through the spread. In November 2023, average EUR/USD spreads were 1.1 pips for Classic, 1.0 pips for Platinum, and 0.9 pips for VIP. The Classic account now has a $0 minimum deposit for new customers, while Platinum requires $200,000 and VIP requires $1,000,000, though both can also be reached through Saxo’s loyalty program. One small fee to note: traders who trade under 50,000 units per month pay a $3 ticket fee per side.
Spreadex is also straightforward on pricing, with an average EUR/USD spread of 0.81 pips in January 2024 and a minimum spread of 0.6 pips that was available 60% of the time during that month. While that looks tight on paper, Saxo still scores higher overall thanks to its broader pricing structure and stronger value for different types of traders, especially those who trade more often or qualify for higher account tiers.
| 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 let you trade forex as either CFDs or spot contracts, and both offer cryptocurrency CFDs, but neither supports copy trading or the purchase of actual, delivered crypto. Where Saxo stands out is in size and choice: it lists about 71,000 tradeable symbols and 190 forex pairs, compared with Spreadex’s 10,000 symbols and 52 forex pairs. Saxo also gives clients access to exchange traded securities on both U.S. and international exchanges, so you can buy real shares such as Apple or Vodafone. Spreadex does not offer direct share dealing on these exchanges.
For range of investments, both brokers are rated 5 stars, but Saxo is ranked higher overall by ForexBrokers.com, coming in at #3 out of 36 brokers versus Spreadex at #13. If you want a wider mix of markets and more product choice, Saxo has the clear edge. Spreadex still covers the main bases for forex and CFDs, but its selection is much smaller.
| 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 and Spreadex both give traders a free demo account, a proprietary platform, and a web-based trading platform, so each broker offers a solid starting point for testing strategies and trading online. Both also let you trade directly from charts, but neither supports copy trading or MetaTrader 4/5. For traders who prefer desktop software, Saxo has an extra edge because it also offers a Windows desktop download platform, while Spreadex does not.
When it comes to trading platforms and tools, Saxo has the stronger overall setup. It earns 5 out of 5 stars from ForexBrokers.com and ranks #3 out of 36 brokers in this category, compared with Spreadex’s 4-star rating and #35 ranking. In simple terms, both brokers cover the basics well, but Saxo stands out for traders who want more platform choice and a more polished trading experience.
| 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 includes price alerts plus the ability to draw trendlines on charts. Both brokers make it easy to follow markets on the move, but Saxo stands out with watchlist syncing between the mobile app and online account, so any changes carry over automatically. Saxo also gives mobile traders 64 technical studies for chart analysis, while this feature is not listed for Spreadex.
When it comes to overall mobile trading quality, Saxo has the edge. Its app is rated 5 stars and is ranked #3 out of 36 brokers by ForexBrokers.com, while Spreadex is rated 4 stars and ranked #34. Saxo also saves chart drawings automatically in the app, which adds convenience for active traders. Spreadex covers the basics well, but Saxo offers a more complete and polished mobile experience overall.
| 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 a helpful set of market research tools. Each offers daily market commentary, forex news from major sources like Bloomberg and Reuters, Autochartist tools, sentiment data showing long and short positions, and an economic calendar for tracking upcoming global events. Neither broker includes Trading Central, TipRanks, or Acuity Trading research tools, so their research offers are fairly similar at a basic feature level.
Where Saxo pulls ahead is in overall research quality and depth. Saxo is rated 5 out of 5 stars for Research and ranks #1 out of 36 brokers on ForexBrokers.com, while Spreadex is rated 4 stars and ranked #28. In simple terms, both brokers cover the key research essentials, but Saxo is the stronger choice if market research is a major part of your trading process.
| 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.
When comparing Saxo and Spreadex for beginner-friendly learning, Saxo comes out ahead overall. Saxo offers forex and CFDs education with at least 10 dedicated learning pieces, monthly online webinars, 10 or more beginner videos, and 10 or more advanced videos for more experienced traders. It is rated 5 stars for Education and ranks #12 out of 36 brokers on ForexBrokers.com, which makes it a strong choice for traders who want a wide range of learning support as they grow.
Spreadex also provides at least 10 beginner trading videos, so new users can still find useful starting points. However, it does not offer monthly online client webinars, does not appear to meet the 10-piece forex or CFDs education threshold, and does not have 10 advanced educational videos for experienced traders. With a 4-star Education rating and a #34 ranking out of 36, Spreadex has some helpful material for beginners, but Saxo offers a much broader educational experience overall.
| 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
|
|---|---|---|
| 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) | 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 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) | 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 | 70 | |
| Winner | check_circle | ||
| Review | Saxo Review | Spreadex Review |
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