Written by ForexBrokers.com
Is Saxo Bank better than Spreadex? In our analysis of 23 international regulators across 62 of the best forex brokers, Saxo Bank is considered low-risk, with an overall Trust Score of 99 out of 99. Spreadex is considered average-risk, with an overall Trust Score of 70 out of 99. Learn more about Trust Score.
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❯×| Overall Rating | Saxo Bank | Spreadex | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Saxo Bank Review |
| Regulation | Saxo Bank | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 70 | |
| Year Founded | 1992 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Authorised in European Union | Yes | No | |
| Tier-1 Licenses | 6 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 |
| Tier-1 Licenses (High Trust) | Saxo Bank | Spreadex | |
|---|---|---|---|
| ASIC Authorised (Australia) | Yes | No | |
| IIROC Authorised (Canada) | No | No | |
| SFC Authorised (Hong Kong) | Yes | No | |
| CBI Authorised (Ireland) | No | No | |
| FSA Authorised (Japan) | Yes | No | |
| MAS Authorised (Singapore) | Yes | No | |
| FINMA Authorised (Switzerland) | Yes | No | |
| FCA Authorised (U.K.) | Yes | Yes | |
| CFTC Registered (USA) | No | No | |
| FMA Authorised (New Zealand) | No | No |
| Tier-2 Licenses (Average Trust) | Saxo Bank | Spreadex | |
|---|---|---|---|
| CBRC Authorised (China) | No | No | |
| CySEC Authorised (Cyprus) | No | No | |
| SEBI Authorised (India) | No | No | |
| ISA Authorised (Israel) | No | No | |
| CBR Authorised (Russia) | No | No | |
| FSCA Authorised (South Africa) | No | No | |
| SEC Authorised (Thailand) | No | No | |
| DFSA / Central Bank Authorised (UAE) | Yes | No |
| Tier-3 Licenses (Low Trust) | Saxo Bank | Spreadex | |
|---|---|---|---|
| SCB Authorised (Bahamas) | No | No | |
| FSC Authorised (Belize) | No | No | |
| CIMA Authorised (Cayman Islands) | No | No | |
| BMA Authorised (Bermuda) | No | No | |
| FSC Authorised (British Virgin Islands) | No | No | |
| FSC Authorised (Mauritius) | No | No | |
| VFSC Authorised (Vanuatu) | No | No |
| Investments | Saxo Bank | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 60000 | 2000 | |
| Forex Pairs (Total) | 190 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (CFD) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Saxo Bank | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.9 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo Bank | Spreadex | |
|---|---|---|---|
| Minimum Deposit | €2,000 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | Saxo Bank | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No | |
| Trading Platforms Gallery (click to expand) |
| Trading Tools | Saxo Bank | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 62 | ||
| Charting - Indicators / Studies (Total) | 62 | 55 | |
| Charting - Drawing Tools (Total) | 20 | 10 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo Bank | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 62 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Forex Calendar | Yes | Yes | |
| Mobile Trading Gallery (click to expand) |
| Research | Saxo Bank | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes | |
| Research Gallery (click to expand) |
| Education | Saxo Bank | Spreadex | |
|---|---|---|---|
| Has Education - Forex or CFDs | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes | |
| Education Gallery (click to expand) |
| Major Forex Pairs | Saxo Bank | Spreadex | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Saxo Bank Review |
| Overall | Saxo Bank | Spreadex | |
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| Commissions & Fees |
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| Offering of Investments |
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| Platform & Tools |
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| Education |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Saxo Bank Review |
Compare
0 of 5Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Saxo Bank vs Spreadex.
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Saxo Bank offers better pricing overall for traders.
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Saxo Bank holds 6 global Tier-1 licenses, while Spreadex holds 1. Saxo Bank holds 1 global Tier-2 licenses, while Spreadex holds 0. In our analysis of 23 international regulators across 50 brokers, Saxo Bank earned a higher Trust Score than Spreadex.
To compare the trading platforms of both Saxo Bank and Spreadex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Saxo Bank offers a better experience. With research, Saxo Bank offers superior market research. Finally, we found Saxo Bank to provide better mobile trading apps.
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.
Saxo Bank provides traders 190 currency pairs (e.g., EUR/USD) compared to Spreadex's 52 available pairs. Forex pairs aside, Saxo Bank offers traders access to 60000 CFDs while Spreadex has 2000 available CFDs, a difference of 58000.
Saxo Bank is not publicly traded, does operate a bank, and is authorised by six tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Saxo Bank is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA) and the Financial Conduct Authority (FCA).
Spreadex is not publicly traded and does not operate a bank. Spreadex is authorised by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Spreadex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).
Saxo Bank is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
SpreadEx is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. SpreadEx still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
Overall winner: Saxo Bank
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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