Exness vs Saxo Bank Forex Broker Comparison
A head-to-head comparison of Exness and Saxo Bank across regulation, trading costs, platforms, and editorial scoring.
Exceptional value for developing-market traders - instant withdrawals, $1 minimum deposit, and ultra-competitive raw spread pricing.
VS
Danish-licensed bank with the deepest multi-asset coverage we cover, premium SaxoTraderGO/PRO platforms, and tiered pricing for active traders.
Our Verdict
Saxo Bank winsby 0.3 pts
Saxo Bank edges ahead with a score of 4.7/5 vs Exness's 4.4/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Exness offers tighter spreads from 0.3 pips vs 0.6 pips for Saxo Bank, reducing trading costs.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for active traders
Recommended
Exness has a cost edge: raw/ECN spreads, tighter spreads from 0.3 pips.
Best for platform choice
Recommended
Saxo Bank offers more exclusive platform options: Proprietary Web/Mobile, SaxoTraderGO, a proprietary platform.
Best for beginners
Recommended
Saxo Bank edges out Exness with a higher editorial score (4.7/5 vs 4.4/5), indicating a stronger overall experience for new traders.
Exness vs Saxo Bank: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.4/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5 | 4.9 / 5▲ |
Fees & Spreads 30% weight | 4.6 / 5▲ | 4.4 / 5 |
Platforms & Tools 20% weight | 4.4 / 5 | 4.8 / 5▲ |
Customer Support 10% weight | 4.3 / 5 | 4.6 / 5▲ |
| Founded | 2008 | 1992 |
| Headquarters | Limassol, Cyprus | Copenhagen, Denmark |
| Min deposit | $1 | No minimum |
| Spreads from | 0.3 pips | 0.6 pips |
| Commission / lot | $3.5/lot | N/A |
| Max leverage | 2000:1 | 30:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA FSCA CySEC OJK | FCA ASIC JFSA MAS SFC DFSA ACPR CNMV FINMA Finansinspektionen Finanstilsynet CMA FSC CBI KNF Finanstilsynet MFSA |
| Platforms | MetaTrader 4 MetaTrader 5 | Proprietary Web/Mobile SaxoTraderGO |
| Active bonuses | ||
| Visit broker | Visit Exness | Visit Saxo Bank |
Exness vs Saxo Bank Forex Broker Pros & Cons
Pros
Near-unlimited leverage on offshore entity
Extremely low $1 minimum deposit on Standard account
Instant withdrawals available 24/7 including weekends
One of the world's highest-volume retail FX brokers
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Licensed bank (Denmark)
Best-in-class multi-asset platform
Tiered active-trader pricing
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Phone support available
Multilingual customer support
Cons
Not available to US residents
EU clients face significant leverage restrictions
Unlimited leverage carries extreme risk for inexperienced traders
No proprietary platform
Cons
Higher minimums on classic accounts than ECN brokers
No MT4 / MT5
No raw spread account option
Inactivity fee applies
No MetaTrader support
No 24/5 live chat
Exness vs Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
4
Exness
criteria wins
1
Saxo Bank
criteria win
Highlighted rows show where the two brokers differ
| Criteria | Exness | Saxo Bank |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
Exness vs Saxo Bank: Frequently Asked Questions
Based on our independent editorial scoring, Saxo Bank ranks higher with a score of 4.7/5 vs 4.4/5 for Exness. The best choice still depends on your individual trading needs; Exness and Saxo Bank may each suit different trader profiles.
Exness offers tighter spreads starting from 0.3 pips, compared to Saxo Bank's spreads from 0.6 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Saxo Bank has a lower minimum deposit of no minimum required, while Exness requires at least $1. This makes Saxo Bank more accessible for traders with limited starting capital.
Both Exness and Saxo Bank hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: Saxo Bank has a lower minimum deposit (no minimum), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Exness offers maximum leverage of 2000:1, while Saxo Bank offers up to 30:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Exness charges $3.5 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
Exness supports MetaTrader 4, MetaTrader 5 and Saxo Bank offers Proprietary Web/Mobile, SaxoTraderGO; Exness exclusively offers MetaTrader 4, MetaTrader 5; Saxo Bank exclusively offers Proprietary Web/Mobile, SaxoTraderGO.
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