Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Saxo Capital Markets
8.7
/10
VISIT SAXO CAPITAL MARKETS
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Exness
9.5
/10
VISIT EXNESS
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
XTB
10
/10
VISIT XTB
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
Saxo Capital Markets is regulated by the Financial Conduct Authority. Saxo Capital Markets have provided Forex, CFD, Binary options, Indices, CFDs, ETF & ETCs, Bonds and Stocks trading services since 2012. |
Exness is regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF. Exness have provided Forex trading services since 2008. |
XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002. |
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Why choose them? |
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Headquarters | London, UK | Limasol, Cyprus; St. Vincent and the Grenadines | Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 180 | 103 | 48 | |
Commodities Offered | 70 | 0 | 21 | |
Stocks Offered | 19000 | 0 | 1606 | |
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
69% of retail investor accounts lose money when trading CFDs with this provider. |
See all instruments
54.3% of retail investor accounts lose money when trading CFDs with this provider |
See all instruments
77% of retail investor accounts lose money when trading CFDs with this provider. |
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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | SaxoTrader | No | Xstation5 | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
Arabic, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hungarian, Italian, Norwegian, Polish, Romanian, Russian, Slovenian, and Spanish |
English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish |
English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian. |
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See platform & features
69% of retail investor accounts lose money when trading CFDs with this provider. |
See platform & features
54.3% of retail investor accounts lose money when trading CFDs with this provider |
See platform & features
77% of retail investor accounts lose money when trading CFDs with this provider. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by Saxo Capital Markets and Exness |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
69% of retail investor accounts lose money when trading CFDs with this provider. |
See account options
54.3% of retail investor accounts lose money when trading CFDs with this provider |
See account options
77% of retail investor accounts lose money when trading CFDs with this provider. |
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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | 0.01 Lot | 0.01 Lot | 0.01 Lot | |
Max trade | None | 200 Lot | 100 Lot | |
Min deposit | 6,500 | $1 | $1 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | Varies | 1 business day | Same day if requested before 1PM | |
Withdrawal processing time | Varies | 1 business day | Same day if requested before 1PM | |
See all funding options
69% of retail investor accounts lose money when trading CFDs with this provider. |
See all funding options
54.3% of retail investor accounts lose money when trading CFDs with this provider |
See all funding options
77% of retail investor accounts lose money when trading CFDs with this provider. |
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DETAILED INFO |
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Excluded countries | US, JP, SG | US, JP, SG | US,IN,PK,BD,IQ,IR,IL,AF,AU,CA | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | No | 357 25 030 959 | 44 2036953085 | |
Live Chat | ||||
Website | http://uk.saxomarkets.com/ | https://www.exness.com/ | www.xtb.com | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | 0.2 pips + $2.00 | 1.1 pips | 0.1 pips | |
GBP/USD (Average: 1.1 pips) | 0.2 pips + $2.00 | 1.2 pips | 0.1 pips | |
USD/JPY (Average: 1.1 pips) | 0.2 pips + $2.00 | 0.2 pips | 0.1 pips | |
AUD/USD (Average: 0.8 pips) | 0.4 pips + $2.00 | 0.2 pips | 0.2 pips | |
USD/CHF (Average: 2.3 pips) | 0.8 pips + $2.00 | 0.3 pips | 0.2 pips | |
USD/CAD (Average: 2.9 pips) | 0.8 pips + $2.00 | 0.3 pips | 0.3 pips | |
NZD/USD (Average: 3.6 pips) | 0.8 pips + $2.00 | 0.2 pips | 0.3 pips | |
EUR/GBP (Average: 2.4 pips) | 0.6 pips + $2.00 | 0.3 pips | 0.1 pips | |
View all spreads
69% of retail investor accounts lose money when trading CFDs with this provider. |
View all spreads
54.3% of retail investor accounts lose money when trading CFDs with this provider |
View all spreads
77% of retail investor accounts lose money when trading CFDs with this provider. |
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FEES |
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Inactivity Fee | No | No | No | |
Commission | Yes | $10- $30 | Yes | |
Deposit Fee | No | Yes | No | |
Withdrawal Fee | No | Yes | No | |
View All Fees
69% of retail investor accounts lose money when trading CFDs with this provider. |
View All Fees
54.3% of retail investor accounts lose money when trading CFDs with this provider |
View All Fees
77% of retail investor accounts lose money when trading CFDs with this provider. |
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Last update |
All information collected from http://uk.saxomarkets.com/. Last updated on 01/12/2019. |
All information collected from https://www.exness.com/. Last updated on 01/12/2019. |
All information collected from www.xtb.com. Last updated on 01/12/2019. |
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Company |
Saxo Capital Markets provides both retail and institutional traders access to FX, CFDs, ETFs, Stocks, Futures and Options markets using their award winning SaxoTrader platform providing traders the speed and performance you need. They are a trusted broker regulated by the Financial Conduct Authority in the UK. Saxo Capital Markets has access to over 30, 000 assets including over 19, 000 stocks and 9000 CFDs. With over 20 years in electronic trading, Saxo Capital Markets is a broker you can trust. For more information about trading with Saxo Capital Markets, we have put together an indepth Saxo Capital Markets review with some of the pros and cons about this broker. |
EXNESS was founded in 2008 and have quickly become a global leader in forex brokerage with a monthly trading volume of over 180 billion USD. EXNESS have grown to a leading player in the online brokerage company by providing 0% commission on deposit and withdrawals, tight spreads, no hidden commissions, instant withdrawals and 24/7 technical support in 13 different languages. |
XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances. |
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Popular comparisons |
Popular comparisons feat. Saxo Capital Markets Saxo Capital Markets Alternatives
ETX Capital vs Saxo Capital Markets |
Popular comparisons feat. Exness
ETX Capital vs Exness |
Popular comparisons feat. XTB
XTB vs IG |
If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Saxo Capital Markets is likely the better option out of these brokers. However, if you want a broker that offers MetaTrader4 as a trading platform, Exness may be more suitable.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider Saxo Capital Markets and Exness to be equally reliable. We’ve broken down why below:
Saxo Capital Markets is regulated by Financial Conduct Authority, while Exness is regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF.
XTB are also regulated by the Financial Conduct Authority.
If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
Saxo Capital Markets has been around for 7 years, while Exness have been around for 11 years. Our third alternative broker, XTB, have been around for 17 years.
You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?
Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.
All three brokers above will hold your money in a separate bank account.
Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.
Both Saxo Capital Markets and Exness use tier one banks, but we are not sure of which bank specifically.
If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
We’re not aware of any penalties or fines imposed by regulators on Saxo Capital Markets or Exness in the past five years.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
Saxo Capital Markets is a publicly listed company, while on the other hand Exness is still a privately owned company.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
Saxo Capital Markets are based in London, UK, while Exness are based in Limasol, Cyprus; St. Vincent and the Grenadines .
Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.
This can be broken down into three categories:
If you’re looking to trade currency pairs, both Saxo Capital Markets and Exness offer forex trading. Saxo Capital Markets have a slightly larger variety of currency pairs with 180 pairs, compared to 103 offered by Exness. Also, if you’re looking to trade cryptocurrencies,
Both Saxo Capital Markets and Exness allow you to trade commodities like gold, silver and crude oil.
In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. XTB, for example, offer a mini account, standard account and VIP account.
If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.
Saxo Capital Markets does allow scalping but doesn't allow hedging. While Exness also allows scalping and hedging. You can trade with EAs (expert advisors) on both Saxo Capital Markets and Exness.
In terms of risk management tools, neither Saxo Capital Markets or Exness offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.
Saxo Capital Markets also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.
Saxo Capital Markets accept Payoneer while Exness accept Neteller.
Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.
For trading EUR/USD, Saxo Capital Markets and Exness both charge 0.10 points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.
Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Exness is more reliable based on our criteria above. Saxo Capital Markets has a wider range of instruments to trade. Saxo Capital Markets offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.
Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:
Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.