Exness vs Saxo Bank

Exness vs Saxo Bank Comparison Table 2024
Exness	Saxo Bank
Review 4.2	Review 4

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.	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.
Customer Reviews
4 Based on 1 Exness customer reviews	4 Based on 1 Saxo Bank customer reviews
Comment by Reviewer
"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."	"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
The broker is accessible for beginners with low minimum deposits from $10 and flexible payment methods Experienced strategy providers can open social trading accounts, with monthly commissions up to 50% There's a strong range of account types for all experience levels and requirements, including Cent, Pro and Raw spread solutions Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes Highly competitive spreads are available from 0.1 pips and low commissions from $3.50 per side There's excellent 24/7 multilingual customer support via telephone, email and live chat Local payments are available, plus deposits in BTC and USDT Unlike many other brands, Exness doesn't charge any account maintenance or inactivity fees The broker offers fast execution speeds for short-term traders, averaging under 25ms	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
There are no promotional deals or loyalty schemes for high-volume day traders There are several regional restrictions for retail traders including the USA, Europe and the UK Unlike most competitors, Exness doesn't provide its own education section	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
Most People-Centric Broker at Traders Summit 2022 Global Broker of the Year at Traders Summit 2022 Best Customer Support Award at Financial Markets Expo Cairo 2021 Premium Loyalty Program Award at Financial Markets Expo Cairo 2021 Most Innovative Broker at Dubai Expo 2021
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 MT4 MT5 TradingCentral	TradingView
Payment Methods
Bitcoin Payments Boleto Credit Card Mastercard Visa Wire Transfer	Credit Card Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	Vary by asset
Regulator
FSA, CySEC, FCA, FSCA, FSC, CBCS	DFSA, MAS, FCA, SFC
Margin Trading
Yes	No
STP Account
No	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
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	SaxoTraderGo (iOS, Android, Windows)
Android App Rating
4.3
iOS App Rating
4.4
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
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 NGN THB VND UAH	USD EUR GBP CAD AUD JPY SEK DKK CHF
Stock Exchanges
CAC 40 Index France DAX GER 40 Index Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange	London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
Corn Gold Silver	Copper Corn Gold Natural Gas Oil Silver
CFD Trading
Exness offers a selection of CFDs covering forex, stocks, indices, commodities and cryptos, with leverage up to 1:200. Accounts are geared mainly towards experienced day traders, with over 100 technical indicators available in the broker’s proprietary terminal.	Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
Leverage
1:2000	1:30
FTSE Spread
15.1	1.2 pts (Variable)
GBPUSD Spread
0.1	0.7 (var)
Oil Spread
1.0	0.03
Stocks Spread
0.7	0.10% (subject to min commission)
Forex Trading
An impressive range of around 100 forex pairs are available, more than most other brands. Spreads on major pairs are also tight, from 0.1 pips. Additionally, the broker offers an excellent suite of forex analysis tools, including market news 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
0.1	0.7 (varies by region)
EURUSD Spread
0.0	0.2 (varies by region)
EURGBP Spread
0.4	0.6 (varies by region)
Assets
97	40+
Cryptocurrency
There is a small range of popular crypto tokens paired with fiat currencies available, with zero swap fees and no commissions in the Standard account. Trading is available via desktop or mobile apps, and deposits via crypto are also available in some countries.	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

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