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 |
Saxo and Exness are two online brokers that cater to both beginners and experienced traders, but they have some key differences in their approach to commissions and fees. Saxo is known for providing competitive pricing, especially for active and high-volume traders. As of November 2023, Saxo offers average spreads on EUR/USD of 1.1, 1.0, and 0.9 pips for Classic, Platinum, and VIP accounts respectively, with minimum spreads slightly lower. Saxo is particularly attractive for those who can maintain large account balances, with a $1,000,000 deposit required for its top-tier VIP account. For forex trading, Saxo operates on a commission-free basis, except for traders dealing with less than 50,000 units per month. With a five-star rating, Saxo ranks #9 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com.
In contrast, Exness offers a diverse range of account types, from basic to professional, each catering to different trading needs. Exness provides two main commission-based accounts—Zero Spread and Raw—that feature lower spreads but include per-trade commissions. Specifically, the Zero Spread account charges $0.05 per trade, while the Raw account charges up to $7 per round turn lot. Spreads and trading conditions vary based on the account type, with market execution as the standard, but the Pro account uniquely provides both instant and market execution methods. Exness is ideal for traders seeking flexibility and variety, rated with four stars, and holding the #35 position in the Commissions and Fees category on ForexBrokers.com.
Ultimately, the choice between Saxo and Exness hinges on your trading style and priorities. Saxo is an excellent fit for traders who prioritize competitive pricing and rewards for high-volume trading, while Exness stands out with its diverse account offerings for those who are looking for more varied trading conditions and potentially lower spreads on commission-based accounts. Both brokers provide unique advantages that cater to different segments of the trading community.
| 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 based on their range of investments, Saxo stands out with a remarkably extensive offering. Saxo provides access to an impressive 70,000 tradeable symbols, including 190 forex pairs, giving users a plethora of choices. In addition to forex trading, which is available as a CFD or spot contract, Saxo also allows clients to invest in exchange-traded securities on both U.S. and international exchanges. This means investors can buy shares of major companies like Apple and Vodafone directly. Despite not offering actual cryptocurrencies, Saxo provides options for cryptocurrency derivatives, and for those interested in strategies of other traders, copy trading is also available.
Exness, on the other hand, offers a more focused selection with 227 tradeable symbols and 96 forex pairs, also available as CFDs or spot contracts. While it provides opportunities for cryptocurrency derivatives and copy trading, it does not support purchasing exchange-traded securities on U.S. or international exchanges, limiting its scope compared to Saxo. Exness's range of investments earns it a rating of 3.5 stars, while Saxo's broad offerings secure a 5-star rating. Ranking by ForexBrokers.com further highlights the difference, placing Saxo at #3 among 62 brokers, while Exness is ranked at #55 in the Range of Investments category.
| 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 it comes to trading platforms and tools, Saxo and Exness both impress, but with distinct features tailored to various trader preferences. Saxo offers an in-house developed proprietary platform that is praised for its comprehensive trading experience. It includes a Windows-based desktop download as well as a web-based version, providing flexibility depending on the trading environment you prefer. While it does not support MetaTrader 4 or 5, Saxo excels in offering tools for direct trading from stock charts and boasts an impressive number of options for customizing watch lists, with up to 60 different fields. Saxo also offers simulated trading with a demo account, making it ideal for beginners looking to practice before diving into real markets.
Exness, on the other hand, provides a competitive array of platforms, including both MetaTrader 4 and MetaTrader 5, appealing to traders who prefer these industry-standard solutions. Like Saxo, Exness has developed its own proprietary platform and supports trading from charts through their web and desktop platforms. Although Exness offers fewer fields for watch lists, with just 7, it stands out with a wide selection of 87 drawing tools for charting—a feature that chart enthusiasts will appreciate. Both brokers support copy trading, enhancing the flexibility for strategy diversification. Ultimately, Saxo leads with a five-star rating for its platform and tools, and it ranks number one among 62 brokers reviewed by ForexBrokers.com, while Exness holds its ground with a solid four-star rating and a respectable ranking at number 26.
| 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.
Both Saxo and Exness offer convenient trading through their mobile apps, available on iPhone and Android devices. This ensures traders can stay connected to markets wherever they are. Both platforms allow users to receive stock or forex price alerts and create watchlists with real-time quotes, keeping them up-to-date with market movements. While both apps provide the capability to draw trendlines and view multiple time frames on charts, Saxo goes a step further with its auto-save drawing feature, enhancing user experience. Furthermore, Saxo offers more technical studies in its charting tools, boasting 64 options compared to Exness's 35, providing more detailed insights for technical analysis.
A standout feature for Saxo is its watchlist symbol syncing, which allows seamless integration between the mobile app and the user's online account, a convenience not available with Exness. Reflecting these advantages, Saxo achieves a 5-star rating for mobile trading, ranking as the second-best out of 62 brokers by ForexBrokers.com. In contrast, Exness holds a 4-star rating and ranks 26th. This comparison highlights Saxo as the top choice for those seeking a comprehensive and user-friendly mobile trading experience, while Exness remains a solid option for those with more straightforward needs.
| 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
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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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