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Saxo Bank

Saxo Bank
SKU:
Brand: Forex Broker
Category: Forex Broker

  • Platform

  • Min deposit

  • Min lot

  • Spreads

  • Broker Type

  • Regulated

Our Rating

The overall rating is based on review by our experts

5
  • Broker Customer Service 5 / 10
  • Broker Features 5 / 10
  • Forex Pricing 5 / 10
  • Trading Platform Connectivity 5 / 10
  • Trading Platform Usability 5 / 10

Saxo Bank is a Forex Broker . It started opening it’s doors to clients in 1992 , establishing it’s offices in Denmark, Switzerland , United Kingdom, Switzerland, Singapore, Spain, Hong Kong, Panama, France, Belgium, Netherlands, Italy, Czech Republic, Russia, Turkey, Greece, Cyprus, United Arab Emirates, Japan, Australia, Uruguay, Poland, South Africa, Brazil, India. Saxo Bank (Forex Broker) offers various trading accounts: Mini Account, Standard Account and the minimum deposit for Trading in Forex (FX) is $10000.

broker1} offers accounts in: USD Account, EUR Account, GBP Account, CHF Account, AUD Account, JPY Account, NZD Account, NOK Account, SEK Account, SGD Account, HKD Account, DKK Account with variable spreads. The lowest spread offered in EuroDollar is 0.2 pips.
It’s platform (SaxoTrader Desktop/Web/Mobile/iOS/Android, TradeMaker, SaxoTraderGO ) can be traded on Desktop|Web|Mobile|iOS|Android| , it offeres a Enhanced trading environment feed. The platform is set on GMT and it offers a 5 digits decimal spacing on it’s forex pairs. It’s Forex (FX) accounts offer a leverage of 50 : 1 Standard Account

On it’s platforms: SaxoTrader , TradeMaker, SaxoTraderGO, you can set Trailing Stoploss, OCO orders, One click trading, furthermore it offers Mobile trading, Webtrading and 165 fx pairs (98 exotic). Among the foreign exchange products you can also trade, Gold, Silver, Stocks, Indices, Futures, Options, Energies, Bonds, ETFs.

broker1} (Forex Broker) is regulated by FCA UK, FINMA, is a licensed bank, and is a Bank, independent dealer.

For all those wondering on the payment and withdrawal method, here is a list of funding methods:

Payments:Bank Wire, Credit Card, Debit Card

Withdrawals from your FX account:Bank Wire, Credit Card, Debit Card

Saxo Bank - Specs

Broker

Broker Type Market maker
Broker Country Denmark, Switzerland
Regulation FCA UK, FINMA, is a licensed bank
Indipendant Broker Bank, independent dealer
Year in Industry 1992
International Offices United Kingdom, Switzerland, Singapore, Spain, Hong Kong, Panama, France, Belgium, Netherlands, Italy, Czech Republic, Russia, Turkey, Greece, Cyprus, United Arab Emirates, Japan, Australia, Uruguay, Poland, South Africa, Brazil, India

Account

Accept US Clients No US clients
Mini account deposit $10000
Standard account deposit $10000
Trading account currency USD Account, EUR Account, GBP Account, CHF Account, AUD Account, JPY Account, NZD Account, NOK Account, SEK Account, SGD Account, HKD Account, DKK Account
Leverage Account 50 : 1 Standard Account
Minimal size lot 0.05 lot
Leverage Mini account Mini Account, Standard Account

Payments

Funding method Bank Wire, Credit Card, Debit Card
Withdrawal method Bank Wire, Credit Card, Debit Card

Costs

Commissions yes
Costs & Spreads variable
Costs/Lowest spreads on EURUSD 0.2 pips

Trading

Premium trading Enhanced trading environment
Scalping yes
Hedging
EAs allowed yes

Platform

Trading platform type SaxoTrader Desktop/Web/Mobile/iOS/Android, TradeMaker, SaxoTraderGO
Platform time zone GMT
Decimal pricing 5 digits
Trailing stops Trailing Stoploss
OCO orders OCO orders
One click One click trading
Mobile trading
Webtrading

Products

Currency pairs 165 fx pairs (98 exotic)
Exotic Pairs Exotic Forex Pairs
Gold Silver Gold, Silver
CFD Trading CFD trading
Other instruments Stocks, Indices, Futures, Options, Energies, Bonds, ETFs

Other

MAM PAMM LAMM MAM
Managed Accounts Yes
Swap free accounts No
Segregated client accounts

Promotions and Offers

Bonuses (T&Cs apply) No
Contests Yes

Saxo Bank - Reviews

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  • Rate this Product

  • Funds deposit/withdrawal process, Support, Integrity.
    5
  • Currencies variety, API, News service, etc.
    5
  • Spreads, Spreads during news, Fees, Execution.
    5
  • Bluetooth, Wi-fi connectivity, data trnasfer speed, internet browsing and interfaces.
    5
  • What do you feel about usability and speed of UI (user interface), messaging, calling, contacts management, call history, notifications and internet browsing?
    5
  • 6 / 10 based on your selection

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