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.
Saxo vs Exness: Saxo was founded in 1992 and Exness in 2008. Neither broker is publicly traded. Saxo is a bank, while Exness is not—an important distinction for some traders comparing regulation and oversight.
Regulation and trust: Per ForexBrokers.com, Saxo holds 7 Tier-1 licenses and 1 Tier-2 license, with a Trust Score of 99/99 (90–99 = highly trusted). Exness holds 2 Tier-1 and 3 Tier-2 licenses, with a Trust Score of 80/99 (80–89 = trusted). Both are internationally regulated, with Saxo carrying more top-tier licensing and the higher Trust Score.
| 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 |
Saxo is the stronger choice for commissions and fees overall, earning 5 out of 5 stars and ranking #8 out of 36 brokers for this category. Its pricing is especially attractive for active, high-volume, and larger-balance traders, with commission-free forex trading and spreads that can be very competitive on Platinum and VIP accounts. As of November 2023, average EUR/USD spreads were 1.1 pips on Classic, 1.0 pips on Platinum, and 0.9 pips on VIP. The Classic account now has a $0 minimum deposit for new customers, while Platinum requires $200,000 and VIP requires $1,000,000, unless you qualify through Saxo’s loyalty program.
Exness also offers a range of low-cost account types, but its pricing can vary more depending on the account you choose. It has commission-free options like Standard Cent, Standard, and Pro, plus commission-based choices such as Zero Spread and Raw, which usually offer tighter spreads in exchange for a fee. Exness is rated 4 out of 5 stars for commissions and fees and ranks #31 out of 36 brokers, making it a decent option for traders who want flexible account choices, but not as strong as Saxo on overall pricing.
In simple terms, Saxo is better for traders focused on overall value and lower costs at higher account levels, while Exness may appeal more to traders who want more account variety and are comfortable choosing between spread-based and commission-based pricing. Saxo’s fee structure is especially favorable for larger, more active traders, while Exness offers solid low-spread options but lands lower in the rankings for this category.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.0 | N/A |
| 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 | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo offers a much wider range of investments than Exness. Both brokers support forex trading and crypto CFDs, but Saxo gives clients access to far more choice overall, with about 71,000 tradeable symbols and 190 forex pairs, compared with Exness’s 239 symbols and 78 forex pairs. Saxo also lets clients trade exchange-traded securities on both U.S. and international exchanges, such as Apple and Vodafone shares, while Exness does not offer these real share investments.
For investors looking for variety, Saxo stands out as the stronger option. Neither broker offers copy trading or the ability to buy actual cryptocurrency, but Saxo’s much larger product lineup has earned it a 5-star rating for range of investments and a #3 ranking out of 36 brokers by ForexBrokers.com. Exness, by comparison, is rated 3.5 stars and ranked #34 in the same category.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 239 |
| Forex Pairs (Total) | 190 | 78 |
| 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 Exness both give traders a good mix of platform choices, including a free demo account, a proprietary trading platform, a Windows desktop app, and a web-based platform. Both also let users trade directly from charts, which can make order entry quicker and easier. Neither broker offers copy trading, so this area may matter less for traders who prefer to follow others.
The main difference is that Exness supports MetaTrader 4 and MetaTrader 5, while Saxo does not. That may appeal to traders who want access to the familiar MT4/MT5 setup. Still, Saxo leads overall in trading platforms and tools, with a 5-star rating and a #3 ranking from ForexBrokers.com, compared with Exness at 4 stars and #15. In simple terms, Saxo stands out for its platform quality, while Exness is stronger for traders who want MT4 and MT5.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 61 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Exness both make it easy to trade on the go with iPhone and Android apps, plus price alerts, watchlist syncing, and the ability to draw trendlines on charts. That means you can follow the markets, keep an eye on favorite symbols, and manage trades from your phone with either broker. For everyday mobile use, both apps cover the core needs most traders look for.
Where Saxo pulls ahead is in overall app quality and chart convenience. Saxo’s mobile app includes 64 technical studies, auto-saves chart drawings, and earns a 5-star Mobile Trading Apps rating, ranking #3 out of 36 brokers from ForexBrokers.com. Exness offers more technical studies at 100, but its app does not auto-save drawings, and it holds a 4-star rating with a #18 ranking. If you want a smoother all-around mobile experience, Saxo has the edge, while Exness may appeal to traders who want a wider set of chart indicators.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Saxo and Exness both give traders useful market research basics, including daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking global events. That said, Saxo offers a wider set of research extras. It includes Autochartist tools and a sentiment view that shows how many traders are long or short on different instruments, while Exness does not offer those features. Exness, on the other hand, provides Trading Central tools, which Saxo does not.
When it comes to overall research quality, Saxo has the edge. It is rated 5 stars for Research and ranks #1 out of 36 brokers in the ForexBrokers.com Research category. Exness is still a solid choice for staying informed, but it scores 3.5 stars and ranks #31 out of 36. In short, both brokers cover the main news and calendar needs, but Saxo delivers a more complete research experience overall.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, both Saxo and Exness offer a wide range of learning tools, including at least 10 forex or CFD education pieces, monthly online client webinars, and 10 or more beginner and advanced videos. This means each broker gives new traders and more experienced users access to lessons on core trading topics, making it easier to learn at a steady pace. Still, Saxo stands out more in this area, with a 5-star Education rating and a #12 ranking out of 36 brokers from ForexBrokers.com.
Exness also gives beginners plenty of educational content, but its overall Education score is lower at 3.5 stars, and it ranks #21 out of 36 brokers. In simple terms, both brokers support learning well, but Saxo appears to offer a stronger education experience overall, especially for traders who want more structured guidance and a higher-rated selection of learning materials.
| Feature |
Saxo
|
Exness
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 Exness. Saxo finished with an overall rank of #3, while Exness finished with an overall rank of #31.
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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Exness
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| Trust Score | 99 | 80 |
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In the Saxo vs Exness comparison, neither broker lets you buy actual delivered cryptocurrency, but both offer cryptocurrency CFD trading, allowing you to speculate on crypto prices without owning the underlying asset.
In a Saxo vs Exness comparison of funding methods, both online brokers support bank wire deposits and withdrawals and do not offer ACH/SEPA or PayPal, while Exness additionally accepts Skrill and Saxo does not; Visa/Mastercard availability for both 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 | Exness | |
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| Trust Score | 99 | 80 | |
| Winner | check_circle | ||
| Review | Saxo Review | Exness Review |
| Broker Screenshots | Saxo | Exness | |
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| Regulation | Saxo | Exness | |
|---|---|---|---|
| Trust Score | 99 | 80 | |
| 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 (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 | Yes |
| Tier-2 Licenses (Trusted) | Saxo | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes |
| Investments | Saxo | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 71000 | 239 | |
| Forex Pairs (Total) | 190 | 78 | |
| 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 | Exness | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | Exness | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Saxo | Exness | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Saxo | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 61 | 106 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | Exness | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Exness | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Saxo | Exness | |
|---|---|---|---|
| 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 | Exness Review |
| Overall | Saxo | Exness | |
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| Trust Score | 99 | 80 | |
| Winner | check_circle | ||
| Review | Saxo Review | Exness Review |
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