Exness vs Saxo Bank

vs
Exness vs Saxo Bank Comparison Table 2024
Exness Saxo Bank
4.6
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Established in 2008, Exness has maintained its position as a highly respected broker, standing out with its industry-leading range of 40+ account currencies, growing selection of CFD instruments, and intuitive web platform complete with useful extras like currency convertors and trading calculators.

Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.

66% of retail accounts lose money.
Customer Reviews
4
4
Promotions

Limited-Time Offer at Saxo: Trade US Stocks With No Commission

Comment by Reviewer
"After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs." "Saxo is best for active traders and high-volume investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders."
Pros
  • Highly competitive spreads, reduced for USOIL and BTCUSD in 2024, are available from 0 pips with low commissions from $2 per side.
  • Excellent range of account types for all experience levels, including Cent, Pro plus the introduction of Raw Spread, ideal for day traders.
  • Exness was the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes, highlighting its legitimacy.
  • Fast and dependable 24/7 multilingual customer support via telephone, email and live chat based on hands-on tests.
  • Exness Terminal offers a streamlined experience for beginners with dynamic charts while setting up watchlists is a breeze.
  • Improved execution speeds, now averaging under 25ms, offer optimal conditions for short-term traders.
  • Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools
  • High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions'
  • Excellent educational resources including podcasts, webinars and expert-led video insights
  • Access to comprehensive third-party analysis tools including TradingView and Updata
  • The ISA account is highly accessible and flexible with no entry or exit fees
  • Heavily regulated and trustworthy brand based in Switzerland
  • Low fees with premium account tiers
Cons
  • Retail trading services are unavailable in certain jurisdictions, such as the US and the UK, limiting accessibility compared to top-tier brokers like Interactive Brokers.
  • MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone.
  • Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders.
  • Exness has expanded its range of CFDs and added a copy trading feature, but there are still no real assets such as ETFs, cryptocurrencies or bonds
  • High funding requirements for the trading accounts
  • Access to Level 2 pricing requires a subscription
  • Clients from some jurisdictions not accepted including the US and Belgium
Awards
  • Best Multi-Asset Broker - Finance Magnates Africa Summit (FMAS) 2024
  • Most Trusted Broker in Africa - Finance Magnates Africa Summit (FMAS) 2024
  • Most Trusted Broker MEA 2024 - iFX EXPO Dubai 2024
  • Best IB/Affiliate Programme MEA 2024 - iFX EXPO Dubai 2024
  • Best Trading Conditions 2024 - UF Awards LATAM 2024
  • Best Multi-Asset Broker - Smart Vision Investment Expo 2023
  • Most Trusted Broker - Smart Vision Investment Expo 2023
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$10
Trading Platforms
  • Exness Trade App
  • Exness Terminal
  • MT4
  • MT5
  • TradingCentral
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots Vary by asset
Regulator
CySEC, FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB
Margin Trading
Yes No
STP Account
Yes No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android SaxoTraderGo (iOS, Android, Windows)
App Review

Exness Trade offers the complete mobile trading experience, delivering the broker’s fast execution speeds, hundreds of tradable CFDs and user-friendly, TradingView-powered charts right from your palm. Downloaded more than 10 million times, it’s an excellent option for active traders looking to manage their accounts and capitalize on market opportunities on the move.

Android App Rating
4.3
iOS App Rating
4.4
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Exness has introduced a unique copy trading feature on its web platform and mobile app. Its user-friendly based on our tests but the performance statistics for strategies could be more detailed to better guide investor decisions.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • DKK
  • CHF
  • HKD
  • SGD
  • AED
  • SAR
  • HUF
  • BRL
  • NGN
  • THB
  • VND
  • UAH
  • KWD
  • QAR
  • KRW
  • MXN
  • KES
  • CNY
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Stock Exchanges
Commodities
CFD Trading
Exness provides CFDs on forex, stocks, indices, commodities, and cryptos with leverage up to 1:2000, tailored for advanced day traders and featuring over 100 technical indicators in its proprietary terminal. Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:Unlimited 1:30
FTSE Spread
13.6 1.2 pts (Variable)
GBPUSD Spread
0.0 0.7 (var)
Oil Spread
0.0 0.03
Stocks Spread
0.9 (Apple Inc.) 0.10% (subject to min commission)
Forex Trading
Exness offers an impressive selection of around 100 forex pairs - more than most brokers we've evaluated - along with competitive spreads on major pairs starting as low as 0.1 pips. Additionally, traders benefit from a robust suite of forex analysis tools, including market news powered by FXStreet. Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
GBPUSD Spread
0.0 0.7 (varies by region)
EURUSD Spread
0.0 0.2 (varies by region)
EURGBP Spread
0.0 0.6 (varies by region)
Assets
100+ 40+
Currency Indices
  • USD
Cryptocurrency
Exness provides a selection of popular crypto-fiat pairs with zero swap fees and no commissions on Standard accounts, accessible via desktop and mobile apps. Crypto deposits are available in certain regions, and reduced Bitcoin spreads have enhanced its appeal for active traders. Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
Floating Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BCH
  • SOL
  • SNX
  • UNI
  • BAT
  • DOT
  • XTZ
  • ADA
  • BNB
  • ENJ
  • FIL
  • DOGE
  • COMP
  • THETA
  • AAVE
  • LINK
  • IOST
  • CAKE
  • MATIC
  • HT
  • MANA
  • HBAR
  • INCH
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
66% of retail accounts lose money.