Written by ForexBrokers.com
In this head to head comparison of Saxo vs Exness, 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.
When considering online brokers, Saxo and Exness present different profiles in terms of experience and trust ratings. Founded in 1992, Saxo not only operates as a bank but also holds a prestigious position in the financial world with a perfect Trust Score of 99 out of 99, indicating it is highly trusted. With seven Tier-1 licenses, Saxo is well-regulated, which adds to its credibility. In contrast, Exness, which started in 2008, is not a bank but still maintains a respectable presence with a Trust Score of 81, putting it in the trusted category. Exness is regulated with two Tier-1 licenses and three Tier-2 licenses, demonstrating a commitment to meeting high standards in various jurisdictions.
Neither Saxo nor Exness is publicly traded on a stock exchange, which is a notable consideration for potential investors seeking transparency and accountability. However, Saxo's status as a bank and its extensive regulatory credentials offer a significant assurance of security and stability. Meanwhile, Exness holds its own with a solid regulatory framework, catering to traders looking for a trusted broker with a slightly more flexible structure. Overall, both brokers provide reliable options, though Saxo stands out for those prioritizing a highly regulated environment.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Year Founded | 1992 | 2008 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When it comes to comparing the fees and commissions of Saxo and Exness, Saxo emerges as a standout choice, especially for active and high-volume traders or those with substantial account balances. As of November 2023, Saxo's spread prices on EUR/USD were slightly above industry averages for its Classic account at 1.1 pips but on par for its Platinum and VIP accounts at 1.0 and 0.9 pips, respectively. Saxo offers commission-free forex trading, except for traders handling less than 50,000 units monthly, who incur a small ticket fee. Notably, Saxo waives custody fees for those participating in securities lending. For its commission and fees structure, Saxo has been rated with 5 stars and ranks #9 out of 62 brokers on ForexBrokers.com.
By contrast, Exness provides a diverse range of account options with varying trading costs based on the account chosen. Exness includes commission-free accounts like Standard Cent and Standard, which have relatively higher spreads compared to their commission-based counterparts. The Pro account offers lower spreads and flexibility, allowing for both instant and market execution. The commission-based Zero Spread and Raw accounts feature lower spreads and charge a minimal per-trade commission, providing market execution. Despite offering competitive pricing structures, Exness holds a 4-star rating for its commissions and fees and ranks #38 out of 62 brokers in the same category.
While both brokers present appealing options depending on trading style and account balances, Saxo’s pricing model and waiver programs make it particularly advantageous for traders with larger volumes, highlighted by its higher ranking and star rating compared to Exness. Conversely, Exness's range of accounts might appeal to traders seeking varied execution methods with different spread options. Ultimately, potential investors should carefully weigh these differences to determine which broker aligns best with their trading needs.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| 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 | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Saxo and Exness in terms of investment range, Saxo stands out with an impressive offering of 70,000 tradeable symbols, including 190 forex pairs. In contrast, Exness provides far fewer options with 227 tradeable symbols and 96 forex pairs. Both platforms offer forex trading as CFDs or spot contracts, and they extend access to cryptocurrency derivatives without providing the actual cryptocurrencies. A key difference between the two lies in their access to exchange-traded securities. Saxo provides opportunities to purchase shares on both the U.S. and international exchanges, like Apple and Vodafone, respectively. Exness, however, does not offer direct access to such securities.
For investors interested in social trading, both Saxo and Exness facilitate copy trading. In terms of overall ratings, Saxo gains a stronger foothold with a five-star rating for its range of investments, while Exness is rated at 3.5 stars. Additionally, Saxo ranks higher in the Range of Investments category according to ForexBrokers.com, securing the third spot out of 62 brokers, compared to Exness which is positioned at 56th. These factors make Saxo a more appealing choice for those looking for a wide array of investment opportunities.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 227 |
| Forex Pairs (Total) | 190 | 96 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| 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.
When comparing Saxo and Exness, both brokers provide a versatile trading experience with options for simulated accounts, proprietary platforms, and support for Windows and web-based trading. Saxo and Exness each facilitate copy trading, allowing users to follow successful investors. However, Exness stands out with its support for MetaTrader 4 and MetaTrader 5, popular platforms that cater to those seeking a richer suite of technical analysis tools. Both brokers offer the ability to trade directly from stock charts, although Saxo distinguishes itself with a more expansive set of 60 watchlist columns versus Exness's 7. Additionally, Saxo provides 20 drawing tools in comparison to Exness's 87, catering to different user preferences.
In terms of ratings and rankings, Saxo excels with a perfect five-star rating for its trading platforms and tools, topping the chart at first place among 62 brokers reviewed by ForexBrokers.com. On the other hand, Exness, while still formidable, holds a four-star rating and ranks 31st. Deciding between these two will depend largely on individual needs for technical platforms and tools, where Saxo may appeal to those seeking a comprehensive in-house experience, and Exness may attract those preferring the familiarity of MetaTrader platforms coupled with extensive technical drawing capabilities.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 107 |
| Charting - Drawing Tools (Total) | 20 | 87 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When evaluating the mobile trading apps of Saxo and Exness, both brokers offer compatible apps for iPhone and Android, ensuring you can trade on the go no matter your device. Key features like stock and forex price alerts, the ability to draw trendlines, and viewing multiple time frames are available on both platforms. However, there are some differences in their offerings. Saxo provides more technical studies for charting with 64 options compared to Exness's 35. Additionally, Saxo allows for watchlist symbol syncing between the mobile app and online accounts, a feature Exness does not offer. Moreover, Saxo stands out with its auto-save functionality for chart drawings, making it easier to preserve your analysis.
For those who value real-time quotes, creating a watchlist is seamless on both Saxo and Exness mobile apps. Despite these similarities, Saxo's app earns a higher user-rating with 5 stars and is ranked #2 out of 62 brokers by ForexBrokers.com for mobile trading apps. In contrast, Exness receives 4 stars and holds the #32 position. These distinctions highlight why many traders might prefer Saxo's mobile app for a more comprehensive and user-friendly trading experience.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 35 |
| 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.
When comparing market research offerings between Saxo and Exness, both provide daily market commentary and access to forex news from esteemed sources like Bloomberg and Reuters. Saxo and Exness each possess sentiment-based trading tools that indicate the ratio of long or short positions across various instruments, as well as detailed economic calendars that highlight global economic events. However, where they diverge is in their range of analysis tools. Saxo provides tools from Autochartist, enhancing its technical analysis capabilities, while Exness offers these from Trading Central instead. Neither relies on research tools from Acuity Trading or TipRanks, focusing instead on their own unique strengths.
Saxo impresses with a five-star research rating, earning the top spot among 62 brokers ranked by ForexBrokers.com. Meanwhile, Exness holds a respectable 3.5-star rating, positioned at #41 in the same category. This suggests that Saxo may cater more comprehensively to traders looking for advanced and diverse research tools, whereas Exness still supports a solid foundation for market analysis with some distinctive offerings. Both brokers hold appeal, but Saxo's higher ranking underscores its broad and well-regarded suite of market research tools.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| 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.
When it comes to educational resources for beginners, Saxo shines with a comprehensive offering for those looking to dive into forex and CFD trading. Saxo not only provides over ten educational materials, such as articles and videos, but also hosts online client webinars regularly, at least once a month. For those who miss a live session, there's a searchable archive of webinars. Beginners will appreciate the educational videos tailored specifically for them, and more advanced traders can benefit from an array of advanced videos. Additionally, Saxo features an investor dictionary with over 50 investing terms, allowing users to stay on top of industry jargon. Rated 5 stars for education, Saxo is positioned 13th out of 62 brokers, according to ForexBrokers.com.
Exness, while equipped with a foundational set of educational resources, falls short in certain areas compared to Saxo. It offers at least ten basic educational videos and some advanced trading content, but lacks monthly webinars for ongoing learner engagement. However, users can explore their past webinars within a searchable archive. Like Saxo, Exness includes an investor dictionary with over 50 terms, aiding beginners in grasping essential financial concepts. Despite these offerings, Exness receives a 3.5-star rating and ranks 47th in the educational category among 62 brokers, according to ForexBrokers.com.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| 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 62 of the best forex brokers, our research and account testing finds that Saxo is better than Exness. Saxo finished with an overall rank of #3, while Exness finished with an overall rank of #43.
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
|
Exness
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 81 |
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Both Saxo and Exness do not offer the ability to buy actual delivered cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
While both Saxo and Exness do not support ACH, SEPA, or PayPal for fund transactions, they do allow deposits and withdrawals via Visa, Mastercard, and bank wires, with Exness additionally offering Skrill as an option.
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 | Exness | |
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| Trust Score | 99 | 81 | |
| Winner | check_circle | ||
| Review | Saxo Review | Exness Review |
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| Regulation | Saxo | Exness | |
|---|---|---|---|
| Trust Score | 99 | 81 | |
| Year Founded | 1992 | 2008 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Exness | |
|---|---|---|---|
| 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 | No | |
| 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 | Yes |
| Tier-2 Licenses (Trusted) | Saxo | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | Yes |
| Investments | Saxo | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 227 | |
| Forex Pairs (Total) | 190 | 96 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| 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 | Exness | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| 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 | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Exness | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | Exness | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 107 | |
| Charting - Drawing Tools (Total) | 20 | 87 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Exness | |
|---|---|---|---|
| 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 | 35 | |
| 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 | Exness | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Exness | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | Exness | |
|---|---|---|---|
| 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 | Exness Review |
| Overall | Saxo | Exness | |
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| Trust Score | 99 | 81 | |
| Winner | check_circle | ||
| Review | Saxo Review | Exness Review |
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