| Feature | Exness | Saxo Bank |
|---|---|---|
| Founded | 2008 | 1992 |
| Regulation | FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles) | FCA (UK), FINMA (Switzerland), ASIC (Australia), MAS (Singapore), JFSA (Japan) |
| Headquarters | Cyprus, Seychelles | Denmark |
| Minimum Deposit | $1 for Standard accounts, higher for certain account types | Typically $500 for Classic account, $10,000 for Platinum, $200,000 for VIP |
| Account Types | Standard, Pro, Zero, Raw Spread | Classic, Platinum, VIP |
| Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal | SaxoTraderGO, SaxoTraderPRO |
| Available Markets | Forex, Metals, Cryptocurrencies, Energies, Stocks, Indices, Commodities | Forex, Stocks, ETFs, Bonds, Options, CFDs, Futures, Cryptocurrencies, Commodities, Indices |
| Spread Type | Floating spreads, Zero and Raw Spread accounts offer near-zero spreads | Floating and fixed spreads, with competitive spreads for high-volume accounts |
| Typical Spreads | From 0.3 pips on Standard accounts, from 0 pips on Zero accounts | 0.4 pips for major Forex pairs (for Platinum accounts), lower spreads for VIP accounts |
| Commission Fees | No commission on Standard accounts, commissions on Raw Spread and Zero accounts | Commissions on CFDs and options, variable fees based on account type |
| Leverage | Up to 1:2000 (varies by account type and asset) | Up to 1:100 (varies by jurisdiction and asset) |
| Education Resources | Video tutorials, webinars, trading guides | Extensive research tools, market analysis, webinars, trading insights |
| Research Tools | Basic market news, economic calendar, trading signals | Comprehensive analysis, advanced charting tools, market research reports |
| Deposit/Withdrawal Methods | Bank transfer, credit/debit card, Skrill, Neteller, WebMoney, cryptocurrency | Bank transfer, credit/debit card, PayPal, Skrill, Neteller |
| Deposit/Withdrawal Fees | No deposit or withdrawal fees for most methods | No deposit fees, withdrawal fees vary by method and jurisdiction |
| Customer Support | 24/7 support via live chat, email, phone | Support available via phone, email, live chat (varies by country) |
| Languages Supported | 15+ languages including English, Arabic, Chinese, Spanish | 30+ languages including English, Chinese, Japanese, French, German |
| Demo Account | Yes, free demo account | Yes, free demo account |
| Social Trading | Yes, via Exness Social Trading app | No dedicated social trading platform |
| Copy Trading | Yes | No |
| Islamic Account | Yes, available | Yes, available |
| Negative Balance Protection | Yes | Yes, but varies by region |
| Overall Suitability | Suited for beginner and experienced traders, high leverage for smaller account sizes | Best suited for professional and institutional traders, advanced tools for experienced users |
| Order Execution Speed | Fast execution with less than 0.01-second latency for most accounts | Slightly longer execution time due to more advanced systems, suitable for institutional-grade execution |
| Asset Coverage in Forex | Over 100 currency pairs | Around 182 currency pairs, including exotic options |
| CFD Availability | Available on Forex, indices, commodities, metals, cryptocurrencies | Wide selection across multiple asset classes including Forex, commodities, stocks, ETFs, and indices |
| Trading Hours | 24/5 for Forex, specific hours for commodities and other instruments | 24/5 for Forex, extended hours for global markets covering Asia, Europe, and the U.S. |
| Platform Customization | Basic customization on MetaTrader 4 and 5 | Advanced customization available on SaxoTraderGO and SaxoTraderPRO |
| Trading Algorithms | Supports algorithmic trading via MT4/MT5 | Extensive algorithmic trading with API and FIX API for professionals |
| Order Types | Market, Limit, Stop, Trailing Stop, OCO | Market, Limit, Stop, Trailing Stop, OCO, Conditional Orders |
| Hedging and Scalping | Both are allowed | Both are allowed |
| Trading Signals | Integrated trading signals on MT4/MT5 | Advanced research and signal tools provided via TradingFloor.com |
| Charting Tools | Basic to intermediate level, integrated within MT4/MT5 | Advanced tools with multiple indicators, drawing tools, and chart types |
| Mobile Trading App | Exness Trader, MetaTrader 4, MetaTrader 5 | SaxoTraderGO mobile app |
| Account Currencies Supported | Over 80 different account currencies | Around 20 account currencies including USD, EUR, GBP, SGD, and more |
| VIP Services | None | Dedicated VIP account services, including priority support and lower fees |
| Deposit Processing Time | Instant with most e-wallets, 24-48 hours for bank transfers | 1-5 business days, depending on the bank |
| Withdrawal Processing Time | Instant to a few hours for most methods, up to 24 hours for bank transfers | 1-5 business days depending on the withdrawal method |
| Fees Transparency | Transparent with minimal fees on common accounts, some fees on specific accounts | Detailed fee structure with discounts for higher-tier accounts (Platinum, VIP) |
| API Access | Limited API capabilities for algorithmic traders via MT5 | Extensive API access, including OpenAPI and FIX API for high-frequency trading |
| Market Data Fees | Free for most instruments | Free for most instruments, additional charges for premium data feeds |
| Security of Funds | Segregated client funds, additional protection through multiple regulatory bodies | Segregated client funds, extensive insurance coverage for funds held |
| Affiliate Program | Yes, with competitive revenue-sharing models | Yes, primarily aimed at institutional affiliates |
| Promotions/Bonuses | Occasional promotions and bonuses based on jurisdiction | Rarely offers promotions, focus on professional services |
| Advanced Risk Management | Risk control through stop-loss, take-profit orders, trailing stops | Advanced risk management tools including guaranteed stops, margin alerts |
| Personalized Support | Available for Pro account users | Dedicated relationship manager for Platinum and VIP clients |
| Community/Forum | Limited community interaction | Active community and knowledge sharing on TradingFloor |
| Industry Awards | Recognized for low spreads and customer support | Multiple awards for trading platform innovation and service quality |
| User Interface | User-friendly, simple design, MT4/MT5 offer a familiar interface | Highly customizable, designed for professional use |
| Trading Bot Compatibility | Supported on MetaTrader 4 and 5, with compatibility for Expert Advisors (EAs) | Fully supported with OpenAPI, compatible with third-party trading bots and custom scripts |
| Market Depth | Basic market depth available for certain instruments | Full market depth available on SaxoTraderPRO, suitable for high-frequency traders |
| Pricing Model | Primarily spread-based with commissions on specific accounts | Spread-based and commission-based, lower spreads for higher-tier accounts |
| Investment Solutions | Limited to Forex and CFDs, no long-term investment products | Comprehensive offerings including managed portfolios, funds, bonds |
| Interest on Margin Accounts | Minimal interest charges on margin, depending on account and leverage | Competitive interest on margin, lower rates for Platinum and VIP accounts |
| Professional Accounts | Options available but mainly geared toward retail and semi-professional traders | Tailored services and higher leverage for professional and institutional traders |
| Retirement/Wealth Management | Not available | Yes, through SaxoSelect managed portfolios and wealth management services |
| Real-Time Market Data | Basic real-time data included | Full real-time data with premium packages available for advanced market analysis |
| Direct Market Access (DMA) | Limited to certain accounts | Full DMA available, especially on SaxoTraderPRO |
| Fractional Shares | Not available | Available, allowing traders to invest in fractions of high-priced stocks |
| Technical Analysis Tools | Basic charting indicators on MT4/MT5 | Advanced technical analysis with multiple chart types, custom indicators |
| Social Media Integration | No direct integration | Integrated with TradingFloor.com, providing social insights and trends |
| Tax Documentation | Basic tax reporting features | Comprehensive tax reporting and portfolio summary for easy tax filing |
| Environmental, Social, and Governance (ESG) Investing | Not available | ESG-focused investments available through selected ETFs and portfolios |
| Options Trading | Not supported | Available for various assets, including stocks, indices, and commodities |
| Staking/Crypto Yield Options | Not available | Not supported; focuses on traditional asset classes |
| Screener Tools | Limited screening tools | Advanced screening tools with customizable filters for various asset classes |
| Portfolio Analysis | Limited portfolio tracking | In-depth portfolio analysis tools for active and long-term investment tracking |
| Historical Data Access | Basic historical data available | Extensive historical data across multiple assets for backtesting and analysis |
| Real-Time Alerts | Customizable price and news alerts via MT4/MT5 | Advanced alert system with price, market news, and order triggers |
| Banking Services Integration | None, e-wallet and crypto withdrawal options | Integrated banking services, including margin loans and interest-bearing accounts |
| Dividend/Income Distribution | Not applicable for most CFDs and leveraged assets | Available on stocks and ETFs, with regular income distribution for income-focused traders |
| Leverage Customization | Allows leverage adjustments based on regulatory limits | Customizable leverage on request, within jurisdictional limits |
| Cross-Platform Compatibility | Available via MT4/MT5 across PC, mobile, and web | Cross-platform compatibility on SaxoTraderGO, SaxoTraderPRO, and web/mobile |
| Industry Recognition | Recognized for customer satisfaction and trading conditions | Widely acclaimed for innovative technology and service quality |
| White Label/Institutional Offerings | Not available for white labeling | Extensive white label solutions for banks and institutional clients |
| Negative Interest Rates on Cash Balances | None | Yes, applies on cash balances in certain currencies due to global negative interest rates |
| Account Funding Flexibility | Multiple e-wallet and crypto deposit options | Primarily bank transfers and cards, limited e-wallet options |
| Mobile App Analytics | Basic real-time analytics on mobile | Comprehensive analytics and charting tools on SaxoTraderGO mobile app |
| News Feed Providers | Dow Jones, Trading Central | Reuters, Bloomberg, Dow Jones, premium market news sources |
| User Reviews and Satisfaction | Highly rated for customer service and support | Highly rated for professional features and educational resources |
| Trading Community Engagement | Limited community engagement | Active community engagement through webinars, TradingFloor, and live events |
| Market Sentiment Tools | Sentiment indicators available on MT4/MT5 | Advanced sentiment analysis integrated with SaxoTraderGO |
| Account Security Features | 2FA, SSL encryption, regular audits | 2FA, biometric login for mobile, SSL encryption, advanced cyber-security protocols |
Exness is tailored for retail and semi-pro traders, focusing on accessibility and high leverage, while Saxo Bank caters to professionals with advanced tools, broader asset classes, and institutional-grade features.