Compare Exness Vs Saxo Bank: Which is the Better Forex Broker in 2024?
Exness Vs Saxo Bank, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Exness Vs Saxo Bank, here is the direct comparison:
Feature | Exness | Saxo Bank |
General Rating |
3.81/5 |
1.00/5 |
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Score | 86 | 50 | |
Trustpilot |
4.5/5 5739 users |
3.7/5 5565 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2008 | 1992 | |
💲 Min Deposit | $10 | $2000 | |
⚖ Max Leverage | 1:2000 | 1:200 | |
🔢 Spread | Variable | Fixed | |
💸 Commissions | $3.50 | ||
💡 Min Position | 0.01 lot | 0.05 lot |
💳 Payment | WebMoney, Wire transfer, Skrill, Credit/debit cards, Neteller, Perfect Money, Crypto, Tether (USDT) and USD Coin (USDC) | Wire transfer and Credit/debit cards | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Bengali/Bangla, German, English, Spanish, French, Hindi, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Thai, Urdu, Vietnamese, Chinese | Arabic, Czech, Danish, German, Greek, English, Finnish, French, Hungarian, Italian, Hebrew, Dutch, Norwegian, Polish, Romanian, Russian, Slovenian, Chinese |
🚪 Trade Now | Open Exness | Open Saxo Bank |
Testimonials
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Exness: need a little more improvement
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Exness: Recommended!
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Exness: Good but Customer Service is conserning
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Exness: Thrilled
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Exness: Dissapointing results
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Exness: need a little more improvement
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Exness: Recommended!
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Exness: Good but Customer Service is conserning
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Exness: Thrilled
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Exness: Dissapointing results
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Saxo Bank: Customer service simply does not exist. Forget them. They have...
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Saxo Bank: started the online application process but midway through i checked...
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Saxo Bank: They seriously need to learn how to communicate to new...
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Saxo Bank: After 2 years of being there as a trader and...
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Saxo Bank: Saxo says no withdrawal fee, but actually withdrawal has a...
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Exness: need a little more improvement
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See More Exness Testimonials
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See More Saxo Bank Testimonials
News
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Exness Trading Volume Back on Track: Reaches $3.86 Trillion in March
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Saxo Bank Wins Prime of Prime Award at FX Markets Asia Awards 2024
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Exness Sees Trading Volumes Dip in February as Markets Remain Calm
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Exness Earns Accolades as a Top Workplace Worldwide in 2024
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Charlie White-Thomson Steps Down as UK CEO of Saxo Bank Forex Broker
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Exness Achieves Record Monthly Volumes of $3.86 Trillion in January
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Saxo Bank Sees 23% Drop in FX Volume for January
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Damian Bunce Steps Down as Chief Customer Officer at Exness
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Exness Forex Broker Claims "Most Trusted" Title in MEA at iFX EXPO Dubai
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Exness Records $3.6 Trillion in December Trading Volume
Articles
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How to Protect Your Exness Account from Frauds
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Exclusive Interview with Damian Bunce on the Success and Vision of Exness
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Exness Tick History Report: a Beginner's Guide
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Share and Make Money with Exness Social Trading
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Comparing Exness Vs XM Trading App
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Is Exness Standard Account Better than FP Markets?
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What is Exness Cost Saving Feature?
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Cut Your Trading Costs 50 Percent with Exness Dollar Rewards
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Achieve Elite Status through Exness Premier Level
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5 Exness Trading Tools to Trade with Confidence
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Exness provides their pricing with Variable spread while Saxo Bank offers Fixed spread.
Exness vs Saxo Bank: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Exness enables trading with MetaTrader 4, MetaTrader 5, Social trading, Web. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Saxo Bank provides trading with SaxoTraderPRO (Limited with 20 days), SaxoWebTrader (Limited with 20 days), SaxoTraderGO (Limited with 20 days) with the support of One-click trading, Trailing stop, Pending orders.
Is Exness or Saxo Bank better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Exness supports trading with Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Metals, Energies, Crypto, Commodities, while Saxo Bank presents the ability of trading with Forex, Gold & silver, CFD, Spread betting, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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