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Saxo Bank vs Spreadex : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Saxo Bank
Spreadex
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
STP
Years of Existence / Established Year
1992
1999
Customer Base / Number of Accounts
1 million+ clients
60,000+ traders
Regulation & Security
Regulations (governing bodies)
FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID
FCA
Awards Won (count for the last 2 years)
Best Prime-of-Prime Broker 2024, Best Trading Platform 2024, Best Forex Broker 2024, Best CFD Broker 2023 and Best DMA/Professional Trading Account 2023
Best Spread Betting Broker - by Good Money Guide Awards 2024 Best Mobile Trading App 2024 - ADVFN International Financial Awards
Security Measures
Danish Depositor and Investor Guarantee Scheme DGS upto EUR 100,000 per depositor
FSCS
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
over 71,000 financial instruments including Turbos
10,000 trading assets
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
No
Yes
Cryptocurrencies
Yes
Yes
CFDs
Yes
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
No
Futures
Yes
No
Bonds
Yes
Yes
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
Yes
No
Other Trading Platforms (proprietary, etc.)
Saxo investor, SaxoTrader GO, SaxoTrader PRO
Spreadex TradingView
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Saxo account, Joint account, Corporate account, Professional account
Spread betting Financial trading
Demo Account (Yes/No)
Yes
No
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
€0
Leverage Available
1:50-1:100
30:1
Trade Limit (maximum per trade)
Depends on the assets class
Varies by instrument
Commission (per account type)
$0
€2.50 per lot
Best Suited For (e.g., beginners, experienced traders)
Beginners to experienced traders
Only experienced
Deposit & Withdrawal Options
Deposit Methods
VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card
Easy Bank transfer UK Debit cards Credit card E-wallets
Withdrawal Methods
Telegraphic Transfer, MEPS
Bank Transfer Credit / Debit Cards
Other E-Wallets Supported
No
Apple Pay
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Saxo Academy Trading Education, Market Analysis and Insights, Webinars, Trading Strategies and Ideas, Saxo TV Market News and Analysis
Customisable platform 35+ technical indicators Price alerts
Fees & Commissions
Trading-Related Fees
Stocks - $1, ETFs-$1, Bonds- 0.05%, Mutual funds- $0, Spread on Major forex pairs- from 0.7 to 0.9 pips
Spread starts from 0.6 pips
Spread (typical, fixed, variable)
Variable
Variable
Per Lot Fees
NA
NA
Options Contract Fees
$0.75
NA
Futures Contract Fees
$1
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:1000
30:1
Non-Trading Fees
Dormant Fees
$0
1 per month
Subscription Fees (for premium features, data feeds)
100 EUR per ISIN
€0
Advisory Fees
NA
€0
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
€0
Account Opening Fee
NA
€0
Account Maintenance Fee
NA
€0
Deposit Fee
Plus or minus 0.25%
€0
Currency Conversion Fee
$0
Info not available
Withdrawal Fee
$0 bank fees may apply
€0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
No
Customer Benefits (e.g., Retirement Plan)
No
No
Trading Hours
Trading Hours (for each asset class if applicable)
Varies by instrument
Monday: 24 hours Tuesday: 24 hours Wednesday: 24 hours Thursday: 24 hours Friday: 00:00 to 21.15 Saturday: Closed Sunday: 21:00 to 00:00Out of Hours trading: US stock market between 2:30pm to 9pm
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/5
7 days a week 8:00am to 5:30pm
Customer Support Methods (phone, email, live chat)
Phone: +33 1 78 94 56 40, +44 (0)207 151 2100, +39 02 3668 2929, +31 (0)20 225 5900, +41 58 317 95 00. E-mail: [email protected], Live chat
Financial Desk: 08000 526 570 +44 (0) 727 895 151General Enquiries: +44 (0) 727 895 000E mail: [email protected]
Support Languages
24+
1
Additional Information
Headquarters Location
Copenhagen, Denmark
Churchill House, Upper, Marlborough Road, St Albans, Hertfordshire, AL1 3UU
Complaints (for crypto brokers)
No
No
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