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Saxo Bank Review

3.86
19 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

Saxo Bank general information

Founded in: 1992 year
Headquarters:
Denmark
Offices in the country:
Australia, Brazil, United Kingdom, Hong Kong, India, Spain, Italy, Cyprus, United Arab Emirates, Singapore, Turkey, France, Czech Republic, Switzerland, South Africa, Japan
Minimum Deposit: 10000 $
Website: saxobank.com
Website languages:
English, Arab, Hungarian, Greek, Danish, Spanish, Italian, Chinese, Deutsch, Dutch, Norwegian, Polish, Romanian, Russian, Turkish, Finnish, French, Swede, Japanese
Execution model:
ECN, STP
Deposit currency:
USD, EUR, JPY, GBP, AUD, CHF, CAD, NZD, SEK, RUB, HKD, SGD
Support languages:
English, Arab, Spanish, Italian, Chinese, Deutsch, Portuguese, Russian, Turkish, French, Czech, Japanese
Regulated by:
ASIC (Australia) license №126 373 859
FCA (United Kingdom) license №FC026688
FSMA (Belgium) license №837 752 574
SFC (Hong Kong) license №1395901
DFSA (Denmark) license №9695
CONSOB (Italy) license №5720
CNMV (Spain) license №1510
AFM (Netherlands) license №34357130
SMV (Panama) license №689203
MAS (Singapore) license №200601141M
CNB (Czech Republic) license №28949587
FINMA (Switzerland) license №CH-660-0511991-1
FSA (Japan) license №239
CFSFA (Cyprus) license №AE2674
BDF (France) license №483632501 R.C.S. Paris
DMCC (United Arab Emirates) license №CL0820
Mobile trading: iOS, Android
Types of offered accounts:
Demo accounts (with a time limit), Standard Accounts, VIP accounts
Affiliate program: Not

Saxo Bank Forex broker description

Pros

  • Saxo Bank is regulated by various licensing bodies globally, with licenses in six tier-1 jurisdictions.

  • Access over 60,000 instruments, including crypto derivatives, micro-futures, and forex options.

  • SaxoTraderGo is equipped with all the necessary tools traders might need.

  • Corellian Academy content for risk management is a great addition to Saxo Bank's educational offerings.

  • Traders can connect their Saxo accounts to third-party platforms to access custom tools without additional charges from Saxo Bank.

Cons

  • The instrument fee structures can be confusing for some traders.

  • Unfortunately, Saxo Bank does not accept U.S. clients at the moment.

  • Access to the popular MT4 and MT5 terminals is unavailable, which can be a drawback for some traders.

  • A minimum deposit of $2,000 is required, which may not be feasible for some investors, especially small traders who may feel the impact of high trading fees.

  • There is no live chat facility, which could have been helpful for traders who prefer to get their queries resolved through chat.



Unique Selling Points

1. Best Broker for Advanced Trader

2. Wide range of trading Instruments: SAXO BANK offers a wide range of trading instruments, including forex, CFDs, futures, options, and mutual funds, providing traders with multiple opportunities to diversify their portfolios.

3. Multiple regulations: With three regulated banks and licenses from six tier-1 jurisdictions, SAXO BANK provides a safe and reliable trading environment for traders, giving them the peace of mind to focus on their trades.

4. Intuitive Proprietary trading platforms: SAXO BANK's flagship platform, SaxoTraderGo, offers traders everything they need to navigate the markets seamlessly, from complex order types to account protection features, ensuring they can manage their risks effectively.


Introduction

SAXO Bank, formerly known as MIDA, was founded in 1992 and has, over time, quickly become a top player in the world of online trading and investments. With its headquarters in Copenhagen, the SAXO securities group broker has made its mark in 180 countries, earning its title as a global institution.

The SAXO investment bank is different from other banks in its focus on multi-asset trading. From stocks and funds to CFDs, futures, and bonds, SAXO stockbrokers have covered you. They even offer a wide range of over 60,000 tradable symbols, spanning almost every asset type you can think of, making it easier to find something that fits your investment goals.

SAXO Bank International also offers spot FX, FX options, non-deliverable forwards (NDFs), Contracts for Difference (CFDs), Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), futures, and a whopping 33,000 bonds. The minimum deposit ranges between $500-$2,000, depending on your residency. As with any investment bank, there are some requirements to remember.

This review will show you how to leverage SAXO Bank capital markets opportunities to help you reach your financial goals.


Supported Countries

Saxo Capital Markets is the perfect choice for a Brokerage firm with truly global reach. This company has customers in more than 170 countries around the world. Their customers come from countries like Denmark, France, Singapore, the United Kingdom, Slovakia, Japan, Switzerland, the United Arab Emirates, Poland, Australia,  Nigeria, South Africa, Namibia, Ghana, Greece, Grenada, Honduras, Hong Kong, Latvia, and Laos. However, there are a few countries where Saxo Bank is not available, such as the United States, India, South Africa, Nigeria, Brazil, Pakistan, Spain, Portugal, Mexico, and Kenya.


Customer Service Rating

According to topbrokers.com, SAXO BANK has an overall score of 3.44 out of 5 based on 25 reviews. Many reviewers love the platform for its wide variety of trading instruments, quick and convenient withdrawals without commissions, and high-quality analytics. However, some people complained about high trading fees and challenges with support.

Also, on Trustpilot, SAXO GROUP has received a whopping 4,163 reviews with an average rating of 3.4 out of 5 stars. Users raved about the professionalism of the support team in handling technical issues. While every user's experience may differ, it's clear that SAXO BANK has many happy customers who appreciate their platform's features and quality support.


SAXO BANK Trading Platforms

Saxo Bank Brokerage offers several proprietary trading platforms, including the SaxoTrader, established in 2015. The trading platforms are fantastic, thanks to their sleek designs and powerful trading tools. 

SaxoTrader is available on mobile, web, and desktop platforms, giving easy access to a wide range of financial products.

  • SaxoTraderGO: This trading platform is easily accessible and has a web-based interface that allows traders to organize charts, news, research, and watchlists according to their preferences. It comes with an impressive variety of market and pending orders, making it easy for traders to buy and sell quickly. While customization options are limited, this doesn't hamper the platform's functionality. And with full-featured charting and technical indicators, traders have everything they need to analyze the market.

  • SaxoTraderPRO: is a fully customizable, professional-grade platform for the advanced trader. This desktop interface can be downloaded on both Windows and Mac operating systems and allows traders to use up to six screens to take advantage of this platform's advanced workspace management. Algorithmic orders, one-click trading, options chains, and a robust charting package with over 50 technical indicators are just a few of the many features that SaxoTraderPRO offers.

One of the best things about Saxo Bank's proprietary trading platforms is that they were built to provide major upgrades over the industry standard MT4 and the newer cTrader. The seamless integration with third-party tools also opens up myriad possibilities for advanced traders.


Type of Trading Accounts on SAXO BANK

Saxo Bank has three different types of trading accounts available. However, it's worth noting that Saxo Bank's minimum deposit requirement is high compared to most Forex brokers:

  • Classic Account: The minimum deposit requirement for the Classic Account is $2,000. With this Account, traders can access all the trading platforms and trade with all the instruments offered by Saxo Bank. You can also access Trade Maker and Saxo Academy, which can guide you if needed.

  • Platinum Account: The Platinum account requires a minimum deposit of $200,000. Traders with a Platinum account can access all the trading platforms and trade with all available products. You also get access to Trade Maker. Plus, you get free news and research, individual pricing, and an Account executive service available 24 hours a day.

  • VIP Account: The VIP trading account is the most exclusive and requires a minimum deposit of $1,000,000. With this Account, you get access to all trading platforms and trading products and an account executive service. You also get to attend Saxo Academy and use Trade Maker. There are no service fees for this Account, and you can get individual pricing and free choice of customer service. The FX options for this Account are similar to the interbank spreads.


Trading Denominations on SAXO BANK

Saxo stockbrokers understand that clients have different preferences and offer a wide range of trading denominations. Clients can trade in the following currencies: USD, EUR, JPY, GBP, AUD, CHF, CAD, NZD, SEK, RUB, HKD, and SGD.


Company Structure

SAXO securities, also known as Saxo Bank, has been licensed by the Danish Financial Supervisory Authority (FSA) since 2001. With over 1600 employees and connections to the world's primary stock exchanges, the SAXO group broker has truly earned the trust of its stakeholders. Whether you're an individual trader or part of a brokerage firm, bank, or family office, SAXO investment bank provides a platform for all clients.

SAXO Bank International has a global presence, with offices in various countries across the world, including Australia, Brazil, the United Kingdom, Hong Kong, India, Spain, Italy, Cyprus, the United Arab Emirates, Singapore, Turkey, France, the Czech Republic, Switzerland, and Japan. This international reach enables SAXO stock trading to cater to clients' needs in various regions, making it easier for you to trade and invest globally.

Over the years, SAXO Bank has earned recognition and accolades for its trading platform. In 2017, the SaxoTraderGO terminal was recognized as the best trading platform for active trading by FX Week's e-FX Awards and ADVFN International Financial Awards. It shows how reliable and top-notch SAXO stockbrokers are when providing the best platform for their clients.


SAXO BANK Licenses and Regulatory Compliance

Saxo Markets is licensed and regulated by many jurisdictions around the world. These regulators ensure that the Brokerage maintains the highest standards in financial services. Here are some of the organizations that regulate Saxo Markets:

  • ASIC (Australia) license №126 373 859

  • FCA (United Kingdom) license №FC026688

  • FSMA (Belgium) license №837 752 574

  • SFC (Hong Kong) license №1395901

  • DFSA (Denmark) license №9695

  • CONSOB (Italy) license №5720

  • CNMV (Spain) license №1510

  • AFM (Netherlands) license №34357130

  • SMV (Panama) license №689203

  • MAS (Singapore) license №200601141M

  • CNB (Czech Republic) license №28949587

  • FINMA (Switzerland) license №CH-660-0511991-1

  • FSA (Japan) license №239

  • CFSFA (Cyprus) license №AE2674

  • BDF (France) license №483632501 R.C.S. Paris

  • DMCC (United Arab Emirates) license №CL0820

Each regulatory body has strict guidelines that SAXO BANK must follow to ensure that their clients' funds are secure and that they operate with transparency and integrity.


SAXO BANK Customer Protection

Saxo Markets adheres to the U.K. Financial Conduct Authority's (FCA) client money rules, which ensures that client funds are kept separate from corporate funds. Additionally, clients are protected by the Financial Services Compensation Scheme (FSCS), which provides compensation of up to £85,000 in case Saxo Markets cannot meet its obligations.

Saxo Bank Brokerage provides clients with a guarantee that they will never lose more than what they have in their accounts, thanks to the negative balance protection rules mandated under ESMA. 

Saxo Markets prioritizes security, and its software security is among the best in the industry. In addition to two-factor and biometric authentication, users are logged out of web-based and mobile applications if they are inactive for a specific period.


Customer service

Saxo Bank has made it a priority to provide its customers with top-notch support services. The customer support team is available 24/5, and you can reach them via several channels, including phone or email, and social media platforms such as Facebook, Twitter, and LinkedIn.

Additionally, you can access support via the "Contact Support" window in the SaxoTraderGO/PRO platforms in your Account. However, Saxo Bank does not offer a live chat feature like other brokers. They make up for this by offering multilingual support in the trading platform. 


Trading Information

Saxo Bank charges zero commissions, which is great news for traders. If you trade less than 50,000 units per month, you'll be charged a ticket fee of $3 per side. It's important to remember this, especially if you're a small-time trader. The average EUR/USD spreads are competitive, with the Classic, Platinum, and VIP accounts offering spreads of 0.8, 0.7, and 0.6 pips, respectively.

Trading fees will depend on the tier and asset class the trader chooses. Reviewing the fee structure to ensure you're getting the best deal possible is always a good idea. Saxo Bank's trading platform is available to traders 24/6, which means you can trade even on weekends.

However, it's noteworthy that different currency pairs have different trading hours. For example, the trading hours for RON, ILS, SAR & AED, and RUB currencies are from 08:15 to 17:00 CET, 07:00 to 17:00 CET, 07:00 to 15:00 CET, and 07:00 GMT to 19:00 GMT, respectively.


Tradable Instruments

Saxo Markets has a vast range of investment options across different asset classes. With this broker, you can trade and invest in products, including:

  • Over 180 FX spot pairs

  • More than 200 futures contracts

  • Over 19,000 stocks

  • More than 1,200 listed options

  • Over 9,000 CFDs

  • 20 commodity CFDs

  • More than 5,000 bonds

  • Over 3,000 ETFs

  • More than 12,500 mutual funds

  • Cryptocurrency

With such an extensive product range, you can diversify your portfolio and invest in various assets that align with your investment goals and risk tolerance.


SAXO BANK Leverage

Unlike most brokerage firms, Saxo Bank takes a more conservative approach to leverage. While some brokers may offer high leverage ratios of 1:100, 1:500, or even higher, Saxo Markets offers maximum leverage of 1:30. While this may seem like a lower leverage ratio compared to other brokers, it is important to remember that higher leverage ratios can lead to greater risk of loss.


Deposits and Withdrawals

When it comes to depositing and withdrawing funds from Saxo Bank, there are a few things you should know. You won't be able to use e-wallets such as Skrill or PayPal to deposit funds into your Account. Instead, you'll need to use a bank account to transfer funds. 


Deposits 

Saxo Bank offers three options: bank transfer, stock transfer, and credit/debit cards. The minimum deposit amount varies depending on your location and currency, which is a great way to ensure everyone has access to their services. Here are some of the minimum deposit amounts for specific locations and currencies:

  • Belgium – No minimum deposit

  • MENA – 5000 USD

  • Hong Kong – 10,000 HKD

  • UK – 500 GBP

  • France – 300 EUR

  • Central Eastern Europe (EU countries) – 2000 EUR

  • Central Eastern Europe (non-EU countries) – 10,000 EUR

  • Denmark – No minimum deposit

  • Norway – No minimum deposit

  • Singapore – No minimum deposit

  • Switzerland – 2000 CHF

  • Australia – 1000 AUD

  • Japan – 100,000 JPY

Once you've made a deposit, you can expect it to take 2 to 5 working days for the funds to be credited to your Account. 

Withdrawals

Regarding withdrawing your funds, Saxo Bank doesn't charge any withdrawal fees. You can withdraw your funds to a bank or broker account as long as it's in your name. If you're withdrawing in another currency, the funds will be automatically converted from EUR or USD at the exchange rate set on the site.


SAXO BANK Trading Education and Training

Saxo Bank is known for its vast educational resources that can help traders succeed in their trading careers. They have several tutorials that are available on their platform. Traders can also access Saxo Academy, where they can take interactive courses and quizzes to test their knowledge.

They can also sign up for weekly webinars to learn from experts in the field. In addition, Saxo Bank does have a Frequently Asked Questions page that can be helpful for traders who have questions about the platform.


FAQs

Is SAXO BANK a Scam?

Saxo Bank is a legitimate and reputable financial institution providing its services for over two decades. Top-tier financial authorities regulate it and operate in over 180 countries globally. Based on the available facts, Saxo Bank is not a scam. It is a trustworthy financial institution that provides high-quality services to its clients while adhering to strict regulatory requirements.

How do I open a SAXO BANK trading account?

Opening a new account with Saxo Bank is a straightforward process that requires some personal information from the trader and identity verification. Visit the platform's website to start the registration process.

Can I open a SAXO account in the US?

As of now, residents of the United States cannot open an account with the SAXO Broker since the platform does not accept clients from the country. This is due to regulatory restrictions which can be complex.


Conclusion

This review has provided a comprehensive overview of Saxo Bank as a brokerage firm. As a highly regulated investment platform, Saxo Bank offers traders a wide range of financial instruments to trade, including forex, stocks, bonds, and options. The platform is user-friendly, with advanced charting tools and a customizable interface that allows traders to monitor their positions and execute trades easily.

Saxo Bank offers competitive spreads, low commissions, and no hidden fees. The bank provides several educational tools to help traders make informed decisions, including tutorials, interactive courses, and weekly webinars. Although the bank does not offer live chat support, its customer service representatives are highly knowledgeable about their product offerings.

Overall, Saxo Bank is a reliable brokerage firm that provides a conducive and complex trading platform for experienced traders.

Trading accounts of Saxo Bank

  • Saxo Classic
  • Saxo Premium
  • Saxo Platinum
Trading platforms: SaxoTrader
Minimum Deposit : 10000 $
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CAD - Canadian Dollar
NZD - New Zealand Dollar
SEK - Swedish Krona
RUB - Russian Ruble
HKD - Hong Kong Dollar
SGD - Singapore Dollar
Trading instruments:
Forex1:100
Number of currency pairs: 148
  • AUD/CAD
  • AUD/CHF
  • AUD/CNH
  • AUD/CZK
  • AUD/DKK
  • AUD/EUR
  • AUD/HKD
  • AUD/HUF
  • AUD/JPY
  • AUD/MXN
  • AUD/NOK
  • AUD/NZD
  • AUD/PLN
  • AUD/SEK
  • AUD/SGD
  • AUD/TRY
  • AUD/USD
  • AUD/ZAR
  • CAD/CHF
  • CAD/JPY
  • CAD/MXN
  • CAD/NOK
  • CAD/PLN
  • CAD/SEK
  • CAD/TRY
  • CHF/CZK
  • CHF/DKK
  • CHF/HUF
  • CHF/JPY
  • CHF/MXN
  • CHF/NOK
  • CHF/PLN
  • CHF/SEK
  • CHF/SGD
  • CHF/TRY
  • CHF/USD
  • CHF/ZAR
  • CNH/HKD
  • CNH/JPY
  • CZK/PLN
  • DKK/CZK
  • DKK/HUF
  • DKK/JPY
  • DKK/PLN
  • DKK/SGD
  • DKK/ZAR
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/CNH
  • EUR/CZK
  • EUR/DKK
  • EUR/GBP
  • EUR/HKD
  • EUR/HRK
  • EUR/HUF
  • EUR/ILS
  • EUR/JPY
  • EUR/LTL
  • EUR/MXN
  • EUR/NOK
  • EUR/NZD
  • EUR/PLN
  • EUR/RON
  • EUR/RUB
  • EUR/SEK
  • EUR/SGD
  • EUR/TRY
  • EUR/USD
  • EUR/ZAR
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/CZK
  • GBP/DKK
  • GBP/HUF
  • GBP/ILS
  • GBP/JPY
  • GBP/MXN
  • GBP/NOK
  • GBP/NZD
  • GBP/PLN
  • GBP/SEK
  • GBP/SGD
  • GBP/TRY
  • GBP/USD
  • GBP/ZAR
  • HKD/JPY
  • HUF/JPY
  • JPY/DKK
  • MXN/JPY
  • NOK/DKK
  • NOK/JPY
  • NOK/SEK
  • NZD/CAD
  • NZD/CHF
  • NZD/CZK
  • NZD/DKK
  • NZD/HUF
  • NZD/JPY
  • NZD/MXN
  • NZD/PLN
  • NZD/SEK
  • NZD/SGD
  • NZD/TRY
  • NZD/USD
  • NZD/ZAR
  • PLN/HUF
  • PLN/JPY
  • SEK/DKK
  • SEK/JPY
  • SEK/PLN
  • SGD/HKD
  • SGD/JPY
  • TRY/DKK
  • TRY/JPY
  • TRY/ZAR
  • USD/AED
  • USD/BHD
  • USD/CAD
  • USD/CHF
  • USD/CNH
  • USD/CZK
  • USD/DKK
  • USD/HKD
  • USD/HRK
  • USD/HUF
  • USD/ILS
  • USD/JOD
  • USD/JPY
  • USD/KWD
  • USD/LTL
  • USD/MXN
  • USD/NOK
  • USD/OMR
  • USD/PLN
  • USD/QAR
  • USD/RON
  • USD/RUB
  • USD/SAR
  • USD/SEK
  • USD/SGD
  • USD/THB
  • USD/TRY
  • USD/ZAR
  • XPD/USD
  • XPT/USD
  • ZAR/JPY
CFD's1:100
Amount of assets : 32421
  • Promotions
  • Futures
  • Indices
  • Products
Metals1:100
  • Gold
  • Silver
Energy sources1:100
  • Oil
  • Gas
Execution type:
Market Execution
Swap Free:
No
VIP Account:
Yes
Spread type:
Floating
Decimal places:
4 characters
Phone trading:
No
Trading platforms: SaxoTrader
Minimum Deposit : 100000 $
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CAD - Canadian Dollar
NZD - New Zealand Dollar
RUB - Russian Ruble
Trading instruments:
Forex1:100
Number of currency pairs: 148
  • AUD/CAD
  • AUD/CHF
  • AUD/CNH
  • AUD/CZK
  • AUD/DKK
  • AUD/EUR
  • AUD/HKD
  • AUD/HUF
  • AUD/JPY
  • AUD/MXN
  • AUD/NOK
  • AUD/NZD
  • AUD/PLN
  • AUD/SEK
  • AUD/SGD
  • AUD/TRY
  • AUD/USD
  • AUD/ZAR
  • CAD/CHF
  • CAD/JPY
  • CAD/MXN
  • CAD/NOK
  • CAD/PLN
  • CAD/SEK
  • CAD/TRY
  • CHF/CZK
  • CHF/DKK
  • CHF/HUF
  • CHF/JPY
  • CHF/MXN
  • CHF/NOK
  • CHF/PLN
  • CHF/SEK
  • CHF/SGD
  • CHF/TRY
  • CHF/USD
  • CHF/ZAR
  • CNH/HKD
  • CNH/JPY
  • CZK/PLN
  • DKK/CZK
  • DKK/HUF
  • DKK/JPY
  • DKK/PLN
  • DKK/SGD
  • DKK/ZAR
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/CNH
  • EUR/CZK
  • EUR/DKK
  • EUR/GBP
  • EUR/HKD
  • EUR/HRK
  • EUR/HUF
  • EUR/ILS
  • EUR/JPY
  • EUR/LTL
  • EUR/MXN
  • EUR/NOK
  • EUR/NZD
  • EUR/PLN
  • EUR/RON
  • EUR/RUB
  • EUR/SEK
  • EUR/SGD
  • EUR/TRY
  • EUR/USD
  • EUR/ZAR
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/CZK
  • GBP/DKK
  • GBP/HUF
  • GBP/ILS
  • GBP/JPY
  • GBP/MXN
  • GBP/NOK
  • GBP/NZD
  • GBP/PLN
  • GBP/SEK
  • GBP/SGD
  • GBP/TRY
  • GBP/USD
  • GBP/ZAR
  • HKD/JPY
  • HUF/JPY
  • JPY/DKK
  • MXN/JPY
  • NOK/DKK
  • NOK/JPY
  • NOK/SEK
  • NZD/CAD
  • NZD/CHF
  • NZD/CZK
  • NZD/DKK
  • NZD/HUF
  • NZD/JPY
  • NZD/MXN
  • NZD/PLN
  • NZD/SEK
  • NZD/SGD
  • NZD/TRY
  • NZD/USD
  • NZD/ZAR
  • PLN/HUF
  • PLN/JPY
  • SEK/DKK
  • SEK/JPY
  • SEK/PLN
  • SGD/HKD
  • SGD/JPY
  • TRY/DKK
  • TRY/JPY
  • TRY/ZAR
  • USD/AED
  • USD/BHD
  • USD/CAD
  • USD/CHF
  • USD/CNH
  • USD/CZK
  • USD/DKK
  • USD/HKD
  • USD/HRK
  • USD/HUF
  • USD/ILS
  • USD/JOD
  • USD/JPY
  • USD/KWD
  • USD/LTL
  • USD/MXN
  • USD/NOK
  • USD/OMR
  • USD/PLN
  • USD/QAR
  • USD/RON
  • USD/RUB
  • USD/SAR
  • USD/SEK
  • USD/SGD
  • USD/THB
  • USD/TRY
  • USD/ZAR
  • XPD/USD
  • XPT/USD
  • ZAR/JPY
CFD's1:100
Amount of assets : 32421
  • Promotions
  • Futures
  • Indices
  • Products
Metals1:100
  • Gold
  • Silver
Energy sources1:100
  • Oil
  • Gas
Stock exchange
  • Promotions
  • Futures
  • Options
  • Bonds
  • Depositary Receipts (ADR and GDR)
  • Exchange goods (UTS)
  • Funds (ETF)
Entry to stock exchanges
  • NASDAQ (US)
  • CME (USA)
  • NYSE (USA)
  • NYMEX (USA)
  • Eurex (EU)
  • Euronext (ES)
  • FBW (Germany)
  • LSE (United Kingdom)
Execution type:
Market Execution
Swap Free:
No
VIP Account:
Yes
Spread type:
Floating
Decimal places:
4 characters
Phone trading:
Yes
Trading platforms: SaxoTrader
Minimum Deposit : 500000 $
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CAD - Canadian Dollar
NZD - New Zealand Dollar
RUB - Russian Ruble
Trading instruments:
Forex1:100
Number of currency pairs: 148
  • AUD/CAD
  • AUD/CHF
  • AUD/CNH
  • AUD/CZK
  • AUD/DKK
  • AUD/EUR
  • AUD/HKD
  • AUD/HUF
  • AUD/JPY
  • AUD/MXN
  • AUD/NOK
  • AUD/NZD
  • AUD/PLN
  • AUD/SEK
  • AUD/SGD
  • AUD/TRY
  • AUD/USD
  • AUD/ZAR
  • CAD/CHF
  • CAD/JPY
  • CAD/MXN
  • CAD/NOK
  • CAD/PLN
  • CAD/SEK
  • CAD/TRY
  • CHF/CZK
  • CHF/DKK
  • CHF/HUF
  • CHF/JPY
  • CHF/MXN
  • CHF/NOK
  • CHF/PLN
  • CHF/SEK
  • CHF/SGD
  • CHF/TRY
  • CHF/USD
  • CHF/ZAR
  • CNH/HKD
  • CNH/JPY
  • CZK/PLN
  • DKK/CZK
  • DKK/HUF
  • DKK/JPY
  • DKK/PLN
  • DKK/SGD
  • DKK/ZAR
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/CNH
  • EUR/CZK
  • EUR/DKK
  • EUR/GBP
  • EUR/HKD
  • EUR/HRK
  • EUR/HUF
  • EUR/ILS
  • EUR/JPY
  • EUR/LTL
  • EUR/MXN
  • EUR/NOK
  • EUR/NZD
  • EUR/PLN
  • EUR/RON
  • EUR/RUB
  • EUR/SEK
  • EUR/SGD
  • EUR/TRY
  • EUR/USD
  • EUR/ZAR
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/CZK
  • GBP/DKK
  • GBP/HUF
  • GBP/ILS
  • GBP/JPY
  • GBP/MXN
  • GBP/NOK
  • GBP/NZD
  • GBP/PLN
  • GBP/SEK
  • GBP/SGD
  • GBP/TRY
  • GBP/USD
  • GBP/ZAR
  • HKD/JPY
  • HUF/JPY
  • JPY/DKK
  • MXN/JPY
  • NOK/DKK
  • NOK/JPY
  • NOK/SEK
  • NZD/CAD
  • NZD/CHF
  • NZD/CZK
  • NZD/DKK
  • NZD/HUF
  • NZD/JPY
  • NZD/MXN
  • NZD/PLN
  • NZD/SEK
  • NZD/SGD
  • NZD/TRY
  • NZD/USD
  • NZD/ZAR
  • PLN/HUF
  • PLN/JPY
  • SEK/DKK
  • SEK/JPY
  • SEK/PLN
  • SGD/HKD
  • SGD/JPY
  • TRY/DKK
  • TRY/JPY
  • TRY/ZAR
  • USD/AED
  • USD/BHD
  • USD/CAD
  • USD/CHF
  • USD/CNH
  • USD/CZK
  • USD/DKK
  • USD/HKD
  • USD/HRK
  • USD/HUF
  • USD/ILS
  • USD/JOD
  • USD/JPY
  • USD/KWD
  • USD/LTL
  • USD/MXN
  • USD/NOK
  • USD/OMR
  • USD/PLN
  • USD/QAR
  • USD/RON
  • USD/RUB
  • USD/SAR
  • USD/SEK
  • USD/SGD
  • USD/THB
  • USD/TRY
  • USD/ZAR
  • XPD/USD
  • XPT/USD
  • ZAR/JPY
CFD's1:100
Amount of assets : 32421
  • Promotions
  • Futures
  • Indices
  • Products
Metals1:100
  • Gold
  • Silver
Energy sources1:100
  • Oil
  • Gas
Stock exchange
  • Promotions
  • Futures
  • Options
  • Bonds
  • Depositary Receipts (ADR and GDR)
  • Exchange goods (UTS)
  • Funds (ETF)
Entry to stock exchanges
  • NASDAQ (US)
  • CME (USA)
  • NYSE (USA)
  • NYMEX (USA)
  • Eurex (EU)
  • Euronext (ES)
  • FBW (Germany)
  • LSE (United Kingdom)
Execution type:
Market Execution
Swap Free:
No
VIP Account:
Yes
Spread type:
Floating
Decimal places:
5 characters
Phone trading:
No

Contacts of Saxo Bank

Headquarters
Дания , КопенгагенPhilip Heymans Allé, 15
show on the map
+45 3977 5321Телефон штаб-квартиры
Представительство
Кипр , LimassolAgias Fylaxeos, 1
show on the map
+7-499 705 6177Поддержка клиентов

Recent customer reviews of Saxo Bank

Mayowa Oyedokun 21 February 2024

Advantages: none

Disadvantages: none

Comment: Have you ever tried to trade and failed? I recommend you to try “primecryptomarket.c-o-m” this is the only trading site I can vouch for. They have really good AI trading bots. I have made over 700, 000 USD on their platform and I have withdrawn 15 times with ease.

Comment
Add a COMMENT
Perry Williams 27 January 2023

Advantages: Great variety of trading instruments, good educational materials

Disadvantages: High trading fees

Comment: I've been working with this broker for almost a year already, and I'd say that overall experience is way better than with any other broker, but trading fees there are too high, compared to other brokers. If I were a novice trader, I wouldn't choose that broker because of the trading fees. But I can say that you have access to 60,000+ instruments, and I don't think that any other broker can provide that, it's a huge advantage. So I believe that choosing this broker can be a great option, trading conditions there are on point.

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Ayden Clarke 04 October 2022

Advantages: Stability of the terminal operation Favorable trading conditions Training materials Quick and convenient withdrawal of earnings without commissions Fast verification High-quality analytics

Disadvantages: Terminal freezes and slips Inconvenient personal account

Comment: I like everything, except for a few intrusive employees. This also applies to those support who call themselves and offer unnecessary help, and managers who do not miss the opportunity to offer signals or some other nonsense. I need it. perhaps someone likes to be coddled and someone is bribed by such attention from the broker, as if you are a “golden” client, but I think this is superfluous. He asked me to get rid of the calls, it seems like they haven't been calling for several days. Otherwise, everything suits me. Orders work fine, I didn't notice any problems with the terminal. So far, more than half of my deals have been successful, I have withdrawn part of the profit twice - no questions were asked about this by the way. The speed is not mega fast, but I have no complaints, because within the framework of the regulations.

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Saxo Bank webinars and seminars

21:17 18 JULY, 2017
Webinar: "FX Options" - Saxo Bank

Saxo Bank now provides a webinar that talks about Forex Options in Forex trading. FX Options are considered to be a good way to e ...

Saxo Bank categories


Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.