Saxo Bank Vs. Exness - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 69% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money.
Overview
Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments.	Exness is a Cypriot broker founded in 2008 that specialises on currencies trading via MT4 & 5 along with their proprietary Exness Trader platform.
Best For
Professional investors looking to trade a variety of markets High net worth traders or investors	Low volume traders looking to take advantage of their low sized account offerings Off-shore traders looking for high leverage factors High volume traders looking for their professional accounts (assuming they are satisfied with their available assets)
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 6 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) HKMA (Hong Kong) ADGM (United Arab Emirates) FINMA (Switzerland) MAS (Singapore) FFAJ (Japan) AFM (Netherlands)	FSA (Seychelles) CBCS (Curaçao) FSC (British Virgin Islands) FSC (Mauritius) FSCA (South Africa) CySec (Cyprus) FCA (UK)
The Good
Exceptional selection of financial instruments at one place 2 highly-customizable proprietary trading platforms API integration for 3rd party services like Excel or TradingView	Competitive spreads depending on the account type Low entry barrier for new traders No minimum deposit on standard accounts
The Bad
High minimum deposit for certain countries Withdrawals via bank transfer only High fees on options and futures	Most Exness' the financial licenses are from off-shore locations Very low asset offering with less than 200 instruments Despite using TradingView charts, multi-charts layout or fullscreen are not possible
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
4 days	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
1992	2008
💳 Minimum Deposit Range
From $500 up to $2,000	From 0 to $3,000
💰 Payment Methods
Visa Mastercard Bank Transfer	Credit Card Debit Card Neteller Skrill USDT (Tether) Bank Transfer BTC (Bitcoin) Perfect Money SticPay USDC (USD Coin)
💵 Account Base Currencies
26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR.	1 - USD
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, BR, ES, IN, KE, MX, NG, PK, ZA.	US, CA, SY, IR.
📊 STP Account
Yes	No
📊 DMA Account
Yes	No
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	CFDs
Total Asset Offering
49,339	243
Exchange Access
0	0
📙 Real Stocks
30,000	0
📙 Stock CFDs
0	100
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
182	100
📗 Commodities
0	0
📗 Commodities CFDs
19	7
📕 Indices
0	0
📕 Indices CFDs
29	10
📔 ETFs
5,400	0
📔 ETFs CFDs
5,400	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
9	26
📒 Bonds
5,000	0
📒 Bonds CFDs
0	0
📓 Options
3,000	0
📓 Options CFDs
0	0
📗 Futures
300	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	1 Share
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (eg: 0.01 units of BTC)	0.01 Lots ($1,000)
📉 Minimum FX Trade Size
$1,000 (0.01 lots)	0.01 Lots ($1,000)
📈 Minimum Commodities Trade Size
Unavailable	0.01 Lots ($1,000)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
66	2000
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	Yes
📺 MetaTrader 5
No	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	No
👬 Copy Trading
Yes	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	No
Fees
💰 Inactivity Fee
Up to $150 after 6 months of inactivity, £25 after one quarter in the UK.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
$0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract.	Commissions vary as follows: No comissions on Standard account No comissions on Standard Cent account $3.5 per lot side on Raw Spread account $0.2 per lot side on Zero account No commission on Pro account
Spreads
📈 EUR/USD
Dynamic - From 0.4 to 0.8 Pips	1 Pip
📉 SP500
Unavailable	From 200 pips
📈 GOLD
Unavailable	From 20 Pips
📉 TSLA (Stock CFD)
Unavailable	From $0.10
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Unavailable	From $20
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
Yes	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
No	No
📡 Account Management
Yes	No
📡 Webinars
No	No