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- Saxo Bank
Saxo Bank
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Platform
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Regulated
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 |