Exness vs Saxo Bank 2026: Which Broker is Better?

Regulation & Safety

Exness and Saxo Bank both maintain robust regulatory frameworks. Exness is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA). These reputable regulatory bodies ensure that Exness operates with high standards of safety and compliance. Client funds are kept in segregated accounts, providing an additional layer of security.

Saxo Bank, on the other hand, is regulated by the FCA, the Monetary Authority of Singapore (MAS), and the Australian Securities and Investments Commission (ASIC). This strong regulatory oversight, combined with its long operational history since 1992, underscores Saxo Bank's commitment to maintaining client trust. Saxo Bank also segregates client funds and offers an investor compensation scheme, further ensuring fund safety.

Fees & Spreads

Exness offers highly competitive trading fees, starting with spreads from as low as 0.1 pips on forex pairs. It charges a commission of $3.5 per lot, which is quite appealing for cost-conscious traders. The minimum deposit requirement is just $10, making it accessible for those new to trading. Exness does not charge withdrawal fees, and its overnight fees are in line with industry standards, though they can vary depending on the asset.

Saxo Bank, contrastingly, has spreads starting at 0.4 pips, which might be slightly higher than Exness, but it offers a commission rate of 0.08%, which could be economical depending on trade size. The minimum deposit is substantially higher at $2,000, which may deter beginner traders. Saxo Bank's overnight fees are competitive for larger accounts but can be costly for smaller ones due to its tiered fee structure.

Trading Platforms

Exness provides MetaTrader 4 and 5, along with a proprietary mobile platform. MetaTrader platforms are renowned for their user-friendly interface and extensive range of tools, making them suitable for traders of all levels. Saxo Bank offers its proprietary platforms, SaxoTraderGO and SaxoTraderPRO, known for advanced features and a professional-grade trading experience. SaxoTraderGO, in particular, is praised for its intuitive design and customisability, appealing to experienced traders.

Who Should Choose Exness?

• Beginner traders who want to start with a low minimum deposit.
• Traders seeking high leverage up to 1:2000.
• Forex traders looking for low spreads starting at 0.1 pips.
• Traders who prefer instant withdrawals without extra fees.

Who Should Choose Saxo Bank?

• Experienced traders who need a professional-grade platform.
• Investors interested in access to over 40,000 financial instruments.
• Traders seeking robust research and analysis tools.
• Clients who prefer trading real stocks and bonds over CFDs.

Our Verdict

For beginners, Exness is the clear winner due to its low entry barriers and competitive fees. However, professional traders might prefer Saxo Bank for its comprehensive suite of instruments and advanced platforms. In terms of fees, Exness offers more favourable conditions for small to medium-sized traders.