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.
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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 account | 1.1 | 0.81 |
| All-in Cost EUR/USD - Active | 0.9 | 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 vs Spreadex: both brokers let you trade forex as CFDs or spot, and both earn 5 stars for their range of investments. That said, Saxo offers far more markets overall, with about 71,000 tradeable symbols and 190 forex pairs, compared with Spreadex’s 10,000 symbols and 52 forex pairs. This breadth helps explain Saxo’s higher category ranking (#3 out of 63) versus Spreadex (#14 out of 63) on ForexBrokers.com.
For traditional share dealing, Saxo stands out: you can buy exchange‑traded U.S. and international shares (think Apple on NASDAQ and Vodafone in London). Spreadex doesn’t offer exchange‑traded securities, focusing instead on derivatives. Neither platform supports copy trading or direct (delivered) crypto, but both let you trade crypto via CFDs. If you want the widest market access including real shares, Saxo is the stronger pick, while Spreadex covers key markets for traders who mainly want CFDs, forex, and crypto exposure.
| Feature |
Saxo
|
Spreadex
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|---|---|---|
| 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.
Comparing Saxo vs Spreadex for trading platforms and tools: Saxo earns 5/5 stars and ranks #1 out of 63 brokers at ForexBrokers.com, while Spreadex scores 4/5 stars and ranks #47. Both brokers offer free demo accounts for paper trading, in-house proprietary platforms, web-based platforms, and the ability to place trades directly from charts. Neither supports copy trading, MetaTrader 4 (MT4), or MetaTrader 5 (MT5).
Platform access is a key difference: Saxo provides a Windows desktop download platform, whereas Spreadex does not. Indicator counts and watchlist column details aren’t specified for either broker. If you want top-rated, feature-packed tools with desktop software, Saxo stands out. If you’re fine trading in the browser with a simpler setup, Spreadex covers the basics and still delivers strong chart-trading capability.
| 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 both support price alerts. Where they differ is in features that make day-to-day use smoother. Saxo syncs your watchlists between the app and your online account, while Spreadex does not. For charting, Saxo provides 64 technical studies, supports drawing trendlines, and auto-saves your drawings; Spreadex also lets you draw trendlines but doesn’t auto-save drawings and doesn’t list how many technical studies are available.
In independent reviews, Saxo’s mobile app earns 5 stars and is ranked #2 out of 63 brokers by ForexBrokers.com. Spreadex earns 4 stars and is ranked #47. If you want deeper charting tools and synced watchlists, Saxo stands out. If you just need alerts and basic chart drawing on iPhone or Android, Spreadex covers the essentials.
| 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.
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 (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.
Comparing education for beginners, Saxo has the edge over Spreadex. Both brokers provide at least 10 beginner-friendly video lessons to help you learn the basics of trading. However, Saxo also hosts client webinars at least once a month, while Spreadex does not. Independent ratings reflect this gap: Saxo earns 5 stars for Education and ranks #13 out of 63 brokers at ForexBrokers.com, whereas Spreadex holds 4 stars and ranks #45.
As you progress, Saxo offers more depth with 10+ advanced trading videos, while Spreadex lacks a similar advanced library. In short, beginners will find solid starter videos at both brokers, but Saxo adds ongoing webinars and more advanced material, making it a stronger choice if you want education that grows with your skills.
| 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 #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
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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 (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, 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 | 1.1 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.9 | 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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