Which trading platform is best, Saxo Markets or Spreadex?

Saxo Markets is objectively a better trading platform compared to Spreadex when judged on the criteria below, it offers the most markets to trade, provides the most added value to its clients and has the most trading platforms when compared to Spreadex. However, Spreadex outperformed Saxo Capital Markets in the customer reviews, lowest trading costs and highest margin categories. Compare Saxo Capital Markets with Spreadex. Check broker fees, charges, features and tools to see which broker is best. Saxo Capital vs Spreadex which broker is best for you?

Saxo Capital Markets Key Features

saxo capital makets review
Visit Saxo
62% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Saxo Markets Reviews
Total Markets19000
Forex Pairs57
Commodities19
Indices23
UK Stocks?
US Stocks?
Broker specifics
2019 Revenue£316,000,000
Number Active Clients525,000
Minimum Deposit£500
Inactivity Fee£25 per quarter
Founded1992
FX Retails SpreadsSaxo Capital Markets
EUR/USD Euro vs US Dollar0.6
GBP/USD British pound vs US dollar0.7
USD/JPY US Dollar vs Japanese Yen0.6
EUR/GBP Euro vs British Pound0.7
AUD/USD Australian Dollar vs US Dollar0.6
USD/CAD US Dollar vs Canadian Dollar0.6
USD/CHF US Dollar vs Swiss Franc0.7
NZD/USD NZ Dollar vs US Dollar0.11
EUR/JPY Euro vs Japanese Yen0.9
EUR/AUD Euro vs Australian Dollar0.9
FX Retail Margins
EUR/USD Euro vs US Dollar30:01:00
GBP/USD British pound vs US dollar30:01:00
USD/JPY US Dollar vs Japanese Yen30:01:00
EUR/GBP Euro vs British Pound30:01:00
AUD/USD Australian Dollar vs US Dollar20:01
USD/CHF US Dollar vs Swiss Franc30:01:00
NZD/USD NZ Dollar vs US Dollar20:01
EUR/JPY Euro vs Japanese Yen30:01:00
EUR/AUD Euro vs Australian Dollar20:01
Commodity Spreads
WTI crude (oil)0.5
Brent crude (oil)0.5
Natural Gas0.17
Gold0.6
Silver0.35
Copper (comex)0.55
Corn1.25
Wheat2.25
Soyabeansnot quoted
Gasoline RBOB25
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Commodity Margins
WTI crude (oil)10:01
Gold20:01
Corn10:01
Brent crude (oil)10:01
Natural Gas10:01
Silver10:01
Copper10:01
Wheat10:01
Soyabeansnot quoted
Gasoline RBOB10:01
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Index Spreads
Dow Jones Industrials Average (US 30)3
Standard & Poor’s 500 (S&P 500)0.5
Nasdaq (Composite and Nasdaq 100)1
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)1
CAC 40 (France 40)2
DAX (Germany 30)1
Euro Stoxx 50 (Euro 50)2
Japan 225 (Nikkei 225)12
Hong Kong (Hang Seng Index)12
Index Margins
Dow Jones Industrials Average (US 30)20:01
Standard & Poor’s 500 (S&P 500)20:01
Nasdaq (Composite and Nasdaq 100)20:01
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)20:01
CAC 40 (France 40)20:01
DAX (Germany 30)20:01
Euro Stoxx 50 (Euro 50)20:01
Japan 225 (Nikkei 225)20:01
Hong Kong (Hang Seng Index)10:01
Stocks & Shares Spreads
UK Stock Spreads0.05%
US Stock Spreads$0.01 per share
Stocks & Shares Margins
US Stock Margins05:01
UK Stock Margins05:01
Overnight Financing Rates
Forex (tom next plus or minus )0.75%
CommoditiesVariable based on differentials between front month future, cash price and days to carry to futures expiry +150bp
IndicesInterbank rates +2.50% or -3.0%
UK StocksInterbank rates +3.50% or -3.0%
US StocksInterbank rates +3.50% or -3.0%
Compare AlternativesSaxo Markets Versus IG
Saxo Markets Versus CMC Markets
Saxo Markets Versus Pepperstone
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Saxo Markets Versus Spreadex

Spreadex Key Features

Spreadex review
Visit Spreadex
67% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Spreadex Reviews
Total Markets10000
Forex Pairs53
Commodities21
Indices37
UK Stocks2000
US Stocks500
Broker specifics
2019 RevenueNA
Number Active Clientsnot disclosed
Minimum Deposit100
Inactivity FeeNone
Founded1999
FX Retails SpreadsSpreadex
EUR/USD Euro vs US Dollar0.6
GBP/USD British pound vs US dollar0.9
USD/JPY US Dollar vs Japanese Yen0.7
EUR/GBP Euro vs British Pound0.9
AUD/USD Australian Dollar vs US Dollar0.6
USD/CAD US Dollar vs Canadian Dollar0.13
USD/CHF US Dollar vs Swiss Franc0.15
NZD/USD NZ Dollar vs US Dollar0.2
EUR/JPY Euro vs Japanese Yen0.15
EUR/AUD Euro vs Australian Dollar0.18
FX Retail Margins
EUR/USD Euro vs US Dollar1899-12-31 06:01:00
GBP/USD British pound vs US dollar1899-12-31 06:01:00
USD/JPY US Dollar vs Japanese Yen1899-12-31 06:01:00
EUR/GBP Euro vs British Pound1899-12-31 06:01:00
AUD/USD Australian Dollar vs US Dollar1970-01-01 20:01:00
USD/CAD US Dollar vs Canadian Dollar1899-12-31 06:01:00
USD/CHF US Dollar vs Swiss Franc1899-12-31 06:01:00
NZD/USD NZ Dollar vs US Dollar1970-01-01 20:01:00
EUR/JPY Euro vs Japanese Yen1899-12-31 06:01:00
EUR/AUD Euro vs Australian Dollar1970-01-01 20:01:00
Commodity Spreads
WTI crude (oil)0.3
Brent crude (oil)0.3
Natural Gasnot quoted
Gold0.4
Silver0.3
Copper (comex)not quoted
Cornnot quoted
Wheatnot quoted
Soyabeansnot quoted
Gasoline RBOBnot quoted
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Commodity Margins
WTI crude (oil)1970-01-01 10:01:00
Gold1970-01-01 20:01:00
Cornnot quoted
Brent crude (oil)1970-01-01 10:01:00
Natural Gasnot quoted
Silver1970-01-01 10:01:00
Coppernot quoted
Wheatnot quoted
Soyabeansnot quoted
Gasoline RBOBnot quoted
Steelnot quoted
Aluminiumnot quoted
Ironnot quoted
Index Spreads
Dow Jones Industrials Average (US 30)2.4
Standard & Poor’s 500 (S&P 500)0.4
Nasdaq (Composite and Nasdaq 100)2
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)1
CAC 40 (France 40)2
DAX (Germany 30)1.2
Euro Stoxx 50 (Euro 50)2
Japan 225 (Nikkei 225)15
Hong Kong (Hang Seng Index)8
Index Margins
Dow Jones Industrials Average (US 30)1970-01-01 20:01:00
Standard & Poor’s 500 (S&P 500)1970-01-01 20:01:00
Nasdaq (Composite and Nasdaq 100)1970-01-01 20:01:00
Dow Jones Industrials (DJIA)not quoted
UK FTSE 100 (FTSE 100)1970-01-01 20:01:00
CAC 40 (France 40)1970-01-01 20:01:00
DAX (Germany 30)1970-01-01 20:01:00
Euro Stoxx 50 (Euro 50)1970-01-01 20:01:00
Japan 225 (Nikkei 225)1970-01-01 20:01:00
Hong Kong (Hang Seng Index)1970-01-01 10:01:00
Stocks & Shares Spreads
UK Stock Spreads0.001
US Stock Spreads0.0015
Stocks & Shares Margins
US Stock Margins1970-01-01 22:01:00
UK Stock Margins1970-01-01 22:01:00
Overnight Financing Rates
Forex (tom next plus or minus )intertest rate differentials +0.80%
CommoditiesVariable by instrument see
IndicesVariable by instrument see see
UK StocksLibor+/- 3.0%
US Stocks1 month US Libor +/-3.0%
Compare AlternativesSpreadex Versus IG
Spreadex Versus CMC Markets
Spreadex Versus Pepperstone
Spreadex Versus City Index
Spreadex Versus Saxo Markets

Which trading platform has the best customer reviews?

Spreadex has better customer reviews compared to Saxo Markets in the Good Money Guides unique multi-factor rating system. Under that methodology, Spreadex scored 4.125 out of 5.0 versus Saxo Markets rating of 3.625.

Spreadex also achieved higher ratings in both the Good Money Guide reviews and those on Trustpilot and in the Apple and Google Play app store reviews too.

Find out why customer reviews are important

Which trading platform offers the most markets?

Saxo Markets offers the most markets to trade with 19,000 instruments available for its clients to trade compared to the 10,000 markets in total on offer at Spreadex.

However, Spreadex does offer more equity indices than Saxo Markets and has a greater range of commodities too.

Find out why market access is important

Which trading platform offers the most platforms?

Saxo Markets offers the most trading platforms; it has two in-house dealing systems SaxoGo and the more advanced SaxoPro alongside the Metaquotes MT4 platform.

Saxo Markets additionally offers connectivity to third-party apps such as TradingView and Multicharts, from which, you can trade through the broker.

Spreadex has its own in house trading platform, in both desktop and mobile configurations.

Find out why trading platforms are important

Which trading platform offers the most different types of account?

Saxo Markets offers more different types of accounts than Spreadex. Saxo Markets has 5 account types in all accounts; these are FX, CFD trading, DMA or Direct Market Access, Futures and Options trading, as well as an investment account.

Spreadex offers separate accounts for, FX, CFD trading and Spread Betting.

Find out why account types are important

Which trading platform is a more established business?

Saxo Markets is more established than Spreadex as it was founded in Denmark in 1992 with the broker opening a permanent presence in London in 2006. Spreadex was established in 1999 and both companies are privately owned and held.

Find out why a trading platforms history is important

Which trading platform has the lowest trading costs?

Spreadex has lower trading costs than Saxo Markets across three key instrument categories, being FX, equity indices and commodities.

However, Saxo Markets does have lower trading costs than Spreadex, in individual equities.

Find out why trading costs are important

Which trading platform offers the most margin?

Spreadex offers the most margin and leverage ratios of up to 200:1 are available to professional clients of the broker. That compares to the maximum of 50:1 that pro clients can access at Saxo Markets.

For retail clients both Spreadex and Saxo Markets apply the FCA/ ESMA margin restrictions. These are the highest leverage ratios that retail traders can access in both the UK and Europe under current legislation.

Find out why leverage and margin are important

Which trading platform offers the lowest overnight financing rates?

Spreadex offers the lowest overnight financing rates in the majority of those instruments where a direct comparison was possible such as UK and US equities.

However, Saxo Markets does offer lower overnight funding charges in FX trading than Spreadex, with a markup of 0.75% versus the charge of 0.80% at Spreadex.

Find out why overnight financing rates are important

Which trading platform offers the most added value?

Saxo Markets offers the most added value thanks to the breadth of its research coverage which is more extensive and wide-ranging than that of its smaller rivals Spreadex.

However, both firms score 5.0 out of a maximum of 6.0 points in this category. Providing their clients with personal service, educational resources, research and market analysis, as well as news feeds and charting software.

Find out why added value is important

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