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Compare Forex Brokers Saxo Bank And EXNESS


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Subjective Ratings

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Saxo Bank

EXNESS

Charting: Five star Charting Rating Four and Half star Charting Rating
Execution: Four and Half star Execution Rating Four and Half star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Five star Transaction Costs (spreads) Rating
User-friendliness: Five star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Five star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Five star Platform Reliability Rating Five star Platform Reliability Rating
Customer support: Five star Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Three and Half star Withdrawal processing Rating Five star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four and Half star Average Rating

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Business Details

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Saxo Bank

EXNESS

 
Registered Business Name: Saxo Bank EXNESS Limited
Broker Headquarters: Copenhagen, Denmark St. Petersburg, Russia
Also has offices in: London, Singapore, Tokyo none
Regulated By: Saxo Bank is a fully regulated bank in Denmark. EXNESS is in full compliance with the Russian Federation Financial Legislation
In business since year: 1992 2008
Broker Capital as of 02-2010 Unknown Unknown
Client Account Segregation: No Yes
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Credit Card 1.8% - 2.5% 1.8% - 2.5%
Debit Card $0 $0
Wire Transfer Bank Fees Bank Fees
MethodDeposit FeeWithdrawal Fee
c-Gold $0 1%
CashU $0 3%
Credit Card $0 0.5%
Liberty Reserve $0 1%
Moneybookers $0 1%
Pecunix $0 1.5%
Perfect Money $0 1%
RBK Money $0 1%
WebMoney $0 0.8%
Wire Transfer $0 0.2%
Yandex Money $0 1%
Main liquidity providers: Top tier-1 banks Unknown

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Trading Details

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Saxo Bank

EXNESS

 
Browser platform: Saxo WebTrader none
Downloadable platform: Saxo Trader EXNESS Metatrader 4 (MT4)
Mobile platform: Saxo WebTrader none
Phone dealing: Yes Yes
Order processing: Market Maker STP (Straight Through Processing)
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Saxo Premium 200:1* $100,000/unlimited 1,000/unlimited
Saxo 200:1* $10,000/unlimited 1,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Expert 50:1* $100,000/unlimited 100,000/unlimited Spreads from 0.1 pips
Classic 100:1* $10,000/$99,999 10,000/unlimited Spreads from 0.4 pips
Mini 2000:1* $100/$9,999 1,000/1,000,000 units (cumulat Spreads from 0.7 pips
Swap-free accounts   No swap-free accounts available   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 8    4   
No Dealing Desk Execution: Not available Yes
Typical spread on EUR/USD: 2 pips (0.0002) 0.1 pips (0.00001) on Expert Accounts, 0.4 pips (0.00004) on Classic Accounts, 0.7 pips (0.00007) on Mini Accounts
Fixed spreads: No No, best available buy and sell prices are presented
Guaranteed stop losses? All orders are executed at best available price. No, all orders are executed at best available price
Trailing Stops: Server-side Client-side
OCO orders available: Yes No
If/then orders available: Yes No
Hedging capability: Yes - used margin is cleverly cancelled on hedged positions Yes
Automated Trading: No Yes, on MT4
Trading Hours:   Market opening on Sunday: 22.00 (GMT+0).Market close on Friday: 22.00 (GMT+0)
Timezone   GMT
Scalping allowed: Yes Yes, all trading methods are allowed.
Account currencies available: AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD USD
Platform languages: English Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish
Support languages: English English, Russian
Demo account: 20 days Unlimited, with re-deposits allowed.
Live chat support: Available to real account holders. Yes - well above average in terms of patience and knowledge.
Interest on Margin: No, On Net Free Equity No
Promotions & tournaments: None None

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