SaxoBank Review 2024

Reviewed by
SaxoBank Review 2024 Visit SaxoBank
Overall Rating
Commissions Rating
Education Rating
Service Rating
Founded 1992
Regulation FSA
Standard account $10000
Leverage 1:200
Spread 1-3

SaxoBank General Information

Saxo Bank stands as a beacon in the world of online Forex trading and investment. As a vanguard in the sector, we provide a gateway to the heart of global markets, complete with a robust suite of products and sophisticated online trading platforms. Today, our reach extends to clients across over 160 countries, and we're the chosen partner for numerous high-profile institutional players.

But our offerings aren't just confined to Forex. Dive into a diversified portfolio with us – from 11,500 Stocks and 7,000 CFDs on shares, indices, and commodities to ETFs, ETCs, Bonds, and Futures.

We firmly believe that the vast expanse of the global capital markets should be accessible to all. Everyone possesses the potential to mold their future, and we're here to fuel those aspirations. Our mission? To empower you to trade and invest with precision and confidence.

Experience a World of Financial Opportunities with Saxo:

  • Diverse Offerings: With access to over 40,000 financial instruments, you're not just making decisions – you're making informed decisions.
  • World-class Platforms: Navigate the global markets seamlessly with Saxo's intuitive platforms, offering a plethora of financial products and myriad trading and investment avenues.
  • Unbiased Support: As an independent service provider, our allegiance lies solely with you. We curate the market's finest products, ensuring your goals remain paramount.
  • Empower Your Decisions: Harness the power of expert market insights, innovative charting tools, timely alerts, and comprehensive webinars.
  • Customized Investment: Tailor your investment strategy, whether you're a cautious investor or a risk-taker, with our versatile platform tools.

Your Security, Our Priority:

  • Licensed Leadership: As an industry frontrunner, Saxo Bank operates under strict regulatory mandates across 15 jurisdictions and possesses banking licenses in Denmark and Switzerland.
  • Assured Safety: Your investments with Saxo are shielded, as funds are meticulously held in segregated accounts and backed by the Financial Services Compensation Scheme.
  • Elevating Standards: We champion transparency and fairness. In alignment with the FX Global Code of Conduct, we continuously set higher benchmarks for industry practices.

Saxo Bank: A Pioneering Spirit

The financial landscape is dynamic, and at Saxo Bank, we mirror that vitality. We're a diverse, passionate team, drawing on a broad spectrum of skills and experiences, all centered around refining the trading and investment journey for our clients. Guided by the ethos of the Saxo Foundation, we're ever-evolving, driven by data, and continually challenging the conventions. Our leadership, comprising seasoned industry mavens and technology virtuosos, offers insightful perspectives on the shifting paradigms of financial services and the burgeoning fintech arena. Join us as we shape the future of finance.

Saxo Bank: Your Bridge to Global Finance

Situated at the pinnacle of online Forex trading and investments, Saxo Bank is more than just a bank – it's a gateway to the expansive world of international finance. With a comprehensive range of products and cutting-edge digital platforms, our services span over 160 countries, catering not only to individual clients but also influential institutional allies. Our repertoire extends beyond Forex, encompassing 11,500 Stocks, 7,000 CFDs covering shares, indices, and commodities, and an assortment of ETFs, ETCs, Bonds, and Futures. Since its inception in 1992, Saxo Bank has solidified its place as a fully accredited European bank, meticulously regulated by the Danish Financial Supervisory Authority. Moreover, our esteemed association with the Guarantee Fund for Depositors and Investors showcases our commitment, under the vigilant watch of the Danish Ministry of Economics and Business Affairs.

Unparalleled Trading Platforms

Dive into a tailored trading experience with Saxo's suite of platforms:

  • SaxoTrader: An award-winning desktop application that brings global markets to your screen.
  • SaxoWebTrader: A seamless online interface for those who prefer trading within their browser.
  • SaxoMobileTrader: For the dynamic traders, stay connected to the pulse of the markets, even on the go.

Saxo's essence is about connection – bridging investors and traders to the global financial arena. As a licensed, independent entity, clients are assured a treasure trove of over 71,000 financial tools.

The Saxo Odyssey

Our narrative at Saxo is inspired by the passion for discovery. As investors traverse through the landscapes of new ventures, societies, or territories, they broaden their scope. This unquenchable thirst for knowledge, what we deem as 'curiosity', is the heartbeat of our mission. Today, Saxo isn't merely a Danish bank; it's a symbol of financial stability with strong capital metrics, a commendable S&P rating, and the unwavering trust of over a million patrons. Our global footprint, with a diverse workforce representing 72 nationalities, functions seamlessly across 15 countries. Our Scandinavian heritage reverberates principles of trust, fairness, and security, laying the foundation for our clients to venture fearlessly.

Investing isn't just about financial growth; it's transformative, widening horizons and catalyzing personal evolution. At Saxo, we dream big – to inspire, enable, and encourage everyone to take the reins and invest with conviction. More than 200 banking establishments, 400+ financial intermediaries, and countless corporates leverage Saxo's state-of-the-art technology, plugging into global marketplaces. With our renowned SaxoTraderGO platform, we offer an ensemble of trading resources, in-depth account analytics, and cross-device flexibility.

Saxo: The Globally-Acclaimed Investment Powerhouse Chosen by Over 1 Million Loyal Clients

Saxo, a beacon in the world of investment, crafts a seamless bridge for both investors and traders to tap into the heart of global financial territories. As an autonomously licensed entity, maintaining the highest standards of regulations, we assure our client family unfaltering access to a spectrum of over 71,000 financial instruments.

Key Highlights:

  • Global Regulatory Footprint: Recognized and supervised in 15 paramount financial hubs globally.
  • Reliable Fund Security: A proud affiliate of the Financial Services Compensation Scheme (FSCS).
  • Monumental Trade Metrics: Clocking in a colossal USD 17+ billion daily trade volume.
  • Technological Forerunner: Over 200 esteemed banking institutions and brokerage firms harness our pioneering technology.

Our Origin, Our Belief

Saxo's heart beats with a simple belief - the act of investing ignites a flame of exploration and wonder. As you delve deeper into this world, there emerges an innate hunger to learn, unravel, and experience — be it in the realms of pioneering corporations, vibrant communities, or even uncharted national landscapes. This undying thirst for knowledge and expertise? We fondly christen it — Curiosity. Every stride we take, every solution we provide, aims to fuel this very curiosity, ensuring our patrons harness the potential to maximize their financial aspirations.

Our journey commenced in the picturesque lanes of Copenhagen, Denmark, in 1992, with a vision that resonated far and wide: democratizing access to the global financial mosaic. Fast forward to 1998, we pioneered one of Europe's inaugural online trading platforms, a revolutionary step providing every aspirant with robust tools and an expressway to global financial landscapes.

The present-day Saxo is a fortified Danish banking institution, boasting exemplary capital metrics, accolades from S&P for investment-grade ratings, and a designation as a Systemically Important Financial Institution (SIFI). Our clientele, extending over a million globally, trusts us with assets surpassing USD 100 billion. Such trust cements our status as a stellar, award-winning investment entity, catering to those with a voracious appetite for intelligent investing. With a monumental offering of over 70,000 financial instruments, we ensure our clients tap into a reliable and regulated treasure trove of opportunities via our avant-garde platforms.

While our roots remain firmly planted in Denmark, the branches of our enterprise now extend across the globe, encompassing over 72 distinct nationalities and a presence in 15 nations. Our Scandinavian lineage radiates values of unwavering trust, equitable conduct, and impenetrable security. We reckon this ethos kindles in our patrons the courage to venture out, to remain incessantly inquisitive.

Imagine a world where every investment is not just a financial decision, but a journey — a journey that reshapes perspectives, broadens vistas, and brings about personal evolution. Where every transaction piques a genuine intrigue, not just for global markets, but for the myriad stories they hold. Our vision for you, at Saxo, is simple yet profound: Be engaged, feel empowered, and truly, Be Invested.

SaxoBank Trading Information 2024

Address
Philip Heymans Allee 15, DK-2900 Hellerup, Denmark
Support Phone
810 (45) 3977 6531
Trading software

SaxoTraderGO: The Award-Winning Trading Powerhouse

  • Superior Trading Tickets: Streamlined for faster trade executions.
  • Robust Analysis Tools: Delve deep with our fundamental and technical analysis capabilities.
  • Charting Excellence: Our expansive charting package ensures every trend is at your fingertips.
  • Options Chain: Seamlessly monitor and trade multiple options strategies.
  • Performance & Account Insights: Stay ahead with detailed performance analysis and a 360-degree account overview.

Asset Spectrum: From stocks, ETFs, and bonds to mutual funds, managed portfolios, futures, and more. Dive into a plethora of asset classes and leverage products at your disposal. Interface and Accessibility: Crafted for modern traders, it supports a one-screen setup but remains flexible for those who prefer a dual-screen arrangement. Seamlessly switch between mobile and desktop, ensuring the world of trading remains in your palm.

SaxoTraderPRO: The Elite Trading Interface

  • Algorithmic Mastery: Place orders with precision using advanced algorithmic strategies.
  • One-Click Trading: Efficiency meets effectiveness, ensuring you never miss an opportunity.
  • Charting & Options Chain: Get detailed market visualizations and a streamlined options trading experience.
  • Revamped Account Section: Dive deep into your trading performance with enhanced analytical tools.

Asset Spectrum: Access a vast world, from stocks and ETFs to futures, options, bonds, and even managed portfolios among other leveraged assets. Interface and Accessibility: Experience a trading platform that adapts to you. Customize your interface across up to six screens, manage workspaces with ease, and interlink modules for a seamless experience. Compatible with both PC and MAC.

Third-Party Integration: Supercharge Your Trading Experience

  • Platform Connectivity: Seamlessly link your Saxo account with renowned third-party platforms, enhancing your trading arsenal.
  • Bespoke Trading Tools: From asset-specific analytical tools to advanced strategy simulations and ultra-responsive charting – broaden your trading horizon.

Saxo Execution & Pricing: Irrespective of your platform preference, leverage Saxo's industry-leading execution and unmatched pricing. Plus, connecting to third-party platforms is absolutely free.

Connectivity & APIs: Tap into Saxo’s Infrastructure

  • FIX API: Unlock the financial world with our fast, adaptive, and fully-documented electronic structure. Experience custom multi-asset liquidity through our FIX API integration.
  • OpenAPI: Interact with our capital markets infrastructure using the same API that powers our award-winning platforms. Access comprehensive market data and more with our RESTful web API, designed around modern tech standards.
Account Types

Dive into the trading world with access to more than 71,000 financial instruments, all through our most sought-after account. Become a part of the Saxo community today! Experience seamless trading across diverse asset classes, boasting industry-leading rates, all through our top-tier, award-winning platforms, complemented by unparalleled personal services.

Start Your Saxo Journey Interested in a corporate solution? Open a Corporate Account

Why Choose Saxo for Your Trading Needs?

  • Unrivalled Global Reach: Dive deep into markets with over 71,000 instruments, spanning stocks, ETFs, bonds, mutual funds, options, futures, and an array of leveraged products.
  • Dynamic Platform Choices: Get the best of both worlds. Access our user-friendly SaxoTraderGO and the advanced SaxoTraderPRO, all under one account.
  • Pricing That Suits You: Elevate your trading with our competitive pricing structures. As you climb our trading tiers, enjoy tighter spreads and diminished commissions.
  • Guidance at Every Step: Benefit from top-tier digital support as a baseline service. As you advance, our premium trading tiers offer an even more personalized service experience.

Discover Our Account Tiers: Customize Your Trading Experience

How to Earn Points: Learn More Minimum Starting Investment: USD 2,000

Classic:

  • Competitive industry-standard pricing.
  • Stellar digital service and support available 24/5.
  • Priority support in your native language.
  • Direct 24/5 access to our pool of trading experts.
  • Exclusive invitations to premium Saxo events.
  • One-on-one sessions with our SaxoStrats team. Eligibility: 120,000 points or an initial fund of USD 200,000.

Platinum:

  • Reduced prices with up to 30% savings.
  • Consistent superior digital support, available 24/5.
  • Priority support in your local language.
  • 24/5 direct access to our trading gurus.
  • One-on-one access to our SaxoStrats insights.
  • Invitations to exclusive Saxo gatherings. Eligibility: 500,000 points or an initial fund of USD 1,000,000.

VIP:

  • Enjoy our best pricing offers.
  • Unmatched digital service and support, available round the clock.
  • Personal relationship manager to cater to your unique needs.
  • Direct 24/5 access to our seasoned trading experts.
  • One-on-one sessions with our SaxoStrats team.
  • Secure your spot at our exclusive Saxo events. Experience the VIP Saxo treatment.
Support
For the quickest reply to your query, please contact us through the platform, via live Chat.
Available Assets
Stocks, Futures, Options
Currencies

Step into the vast world of Forex with Saxo Bank, offering you access to over 185 Forex pairs which encompass majors, minors, exotics, cryptocurrencies, and spot metals - all starting from a competitive 0.6 pips.

Advantages of Forex Trading with Saxo Bank

  • Competitive Forex Spreads: Dive into Forex trading with prices starting from 0.6 pips for major pairs. With our competitive rates, active traders can enjoy even more cost-efficient entry points.
  • Superior Execution Quality: Our Tier-1 liquidity ensures enhanced fill-rates, reduced early stop-outs, and notable price enhancements.
  • Acclaimed Trading Interface: Our platform is adorned with integrated trade signals, real-time news updates, and groundbreaking risk-management tools to provide you with an edge. 
  • Decades of Expertise: With a legacy spanning over 30 years and over a million satisfied customers globally, our round-the-clock world-class service is a testament to our commitment. 

Transparent Forex Pricing: Depending on your account type - Classic, Platinum, or VIP - we provide clear and comprehensive FX spread structures.

  • EURUSD (Euro/US Dollar): From 0.9 to 0.7 PIPS
  • GBPUSD (British Pound/US Dollar): From 1 to 0.8 PIPS
  • EURJPY (Euro/Japanese Yen): From 1.2 to 1 PIPS ... and more.

Expand Your Forex Trading Horizons with Saxo

  • Spot FX: Dive into real-time trading with over 185 currency pairs.
  • Crypto FX: Seamlessly trade leading cryptocurrencies against renowned fiat currencies. [Learn More]
  • FX Options: Strategically predict future prices, ranging from a day to a whole year. [Learn More]
  • FX Swaps: Speculate on Forex prices while concurrently hedging your exposure.

Embrace Superior Forex Execution

  • Robust Tier 1 Liquidity: We source our prices from an extensive array of Tier 1 entities, including esteemed banks and ECNs, guaranteeing you optimum prices.
  • Reduced Early Stop-Outs: We implement stop orders considering a neutral inter-bank price, safeguarding you from premature stops.
  • Price Enhancements: Our meticulously tailored orders empower you with greater trading control, allowing potential significant price benefits with every trade.

Forex Trading on SaxoTraderGO: Intuitive and robust, our SaxoTraderGO platform is perfect for all devices. Boasting over 50 technical indicators and pioneering risk-management tools, you can trade over 185 Forex spot pairs and 130+ forwards among 71,000+ other instruments—all from one multi-currency account.

A Support System Tailored for Every Trader: Be it a high-frequency trader or a newcomer, we offer unmatched support tailored to your individual needs:

  • Integrated Digital Assistance: Our self-serve support center, email helpdesk, and a plethora of educational modules are always at your service.
  • 24/7 Customer Support: Avail continuous support for technical issues and account inquiries whenever the markets are alive.
  • Relationship Management: Active traders enjoy a personalized liaison and access to our elite trading professionals.
  • VIP Exclusive Services: Experience our prime offerings, prioritized support, and exclusive invites to events.

Over 30 Years of Trust and Excellence

  • Full Regulation: Our adherence to the highest regulatory standards has won us licenses and regulations in over 15 jurisdictions spanning Europe, Asia, and the Middle East.
  • Financial Robustness: As a financially sound entity with a strong balance sheet, we cater to clients from 170 countries, managing over 100 billion USD in AUM and processing a million transactions daily.
  • Award-winning Legacy: Our continued excellence has garnered numerous accolades, acknowledging our unparalleled products, platforms, and services.
Bonds

Global Bond Opportunities at Your Fingertips: Broaden your investment horizon with an impressive selection of over 5,900 government and corporate bonds, sourced from regions spanning Europe, the US, Asia, the Middle East, and Latin America. Dive into the stability bonds can offer by focusing on reliable returns from around the world.

  • Efficient and Cost-Effective Bond Trading: Opt for our streamlined online trading system, ensuring you purchase bonds starting from a commission of just 0.05% per trade, subject to a minimum trade size of USD 10,000 for online bonds. Not only does this digital approach offer convenience, but it also guarantees cost efficiency.
  • Insights that Illuminate Your Investment Path: With the esteemed Saxo account, the world of bond research is at your fingertips. Enrich your decision-making with global bond research, glean innovative investment inspirations, stay updated with real-time market movements, and gain wisdom from in-depth expert analyses. For those keen on continuous learning, our podcasts and webinars offer invaluable knowledge and insights, all integrated seamlessly into the trading platform.
  • The Advantage of Digital Bond Trading: Modernize your trading strategy with our digital bond trading platform. By transitioning online, we've significantly reduced manual interventions seen in traditional bond trading, translating to cost savings for you. Furthermore, your bond orders are channeled through an advanced dealer auction system where up to 40 of the world's largest bond liquidity providers compete, ensuring you receive the most competitive prices.
  • 24/5 Bond Trading at Your Service: Our digital bond trading platform is awake when the world is. Trade bonds online anytime during the week, as long as the underlying bond market is operational. However, it's good to note that trading hours are synchronized with daylight timings in regions where the liquidity of the specific bond market is at its peak.

With Saxo, step into an era of bond trading that blends tradition with technology, ensuring you get the best of both worlds.

Stocks

Unlock the Power of Comprehensive Research: As a privileged Saxo account holder, you are entitled to an information-rich trading experience. Dive deep into a sea of research on individual stocks, discover investment inspirations, stay abreast with real-time market updates, benefit from seasoned expert analyses, and enrich your knowledge through insightful podcasts and engaging webinars. All these, right at your fingertips, integrated seamlessly into your trading platform.

  • Magnifying Glass. Market Intelligence at its Best: Sift through potential investments using our exhaustive stock screener. Moreover, our curated investment themes are designed to spark ideas and offer a fresh perspective on the ever-evolving market dynamics.
  • Stars. In-depth Product Analysis: Venture beyond the surface with extensive charting data, key performance indicators, and unbiased analyst ratings. These tools empower you to make informed decisions, ensuring you have a 360-degree view of your potential investments.
  • Read. Cutting-Edge Risk Management Tools: Never leave your investments to chance. Even when you're away from your trading desk, our intuitive features like stop-loss and take-profit orders work tirelessly to ensure your capital remains safeguarded.
  • Chart. Optimized Portfolio Tracking: As your investments flourish, ensure your strategies evolve alongside. Delve into your performance history, scrutinize associated costs, and analyze returns. This holistic view enables you to adapt, refine, and perfect your trading strategy for the future.

Your journey with Saxo is more than just trading—it's a strategic evolution powered by top-notch insights and tools. Step into a world where every trade is backed by knowledge, precision, and foresight.

Reasons to Trade Stocks with Saxo Bank

  • Unbeatable Pricing Model: Dive into the world of stock trading with Saxo Bank's unmatched pricing structure. With rates as inviting as USD 1 for U.S. stocks and a mere HKD 60 for Hong Kong stocks, active traders stand to benefit even more with exclusive discounted rates.
  • Expansive Stock Universe: Experience the diversity of the stock market on a global scale. With Saxo Bank, you have the golden key to a treasure trove of over 30,000 stocks. Spanning across 60+ international exchanges, all of these are accessible seamlessly through a single Saxo Account.
  • Cutting-Edge, Award-Winning Platform: Crafted meticulously with insights from traders and for traders, our platform offers multiple avenues to trade stocks. User-friendly, innovative, and feature-packed, it's a platform that has garnered accolades and stands testament to our commitment to offering only the best.
  • A Legacy of Trust and Excellence: Our 25-year journey in the financial world is adorned with trust, expertise, and unparalleled service. With a burgeoning family of over 810,000 elated customers, Saxo Bank is synonymous with world-class service, available 24/7, ensuring you're never alone in your trading journey.

Trade with Saxo Bank, where every stock trading venture is supported by our unwavering commitment, advanced tools, and a legacy of trust. Embrace a superior trading experience.

ETFs

Unparalleled Pricing in the ETF Market: With Saxo Bank, you don't just trade ETFs; you experience the luxury of ultra-competitive pricing. Discover the advantage of trading ETFs at rates designed to maximize your investment potential. Dive into a diverse universe of over 7,000 ETFs, encompassing booming sectors like technology, healthcare, environmental sustainability, and many more. Enjoy the privilege of investing with a starting commission as low as USD 0.01 per share.

Empower Your Investment Strategy with Targeted Insights

Unlock the wealth of resources your Saxo account brings. Enrich your ETF trading approach with our meticulously curated research spanning various sectors and global markets. Whether you're seeking fresh investment ideas, keen on staying abreast of live market dynamics, or eager to deep dive into comprehensive expert analyses, we have you covered. For those passionate about continuous learning and staying ahead of market trends, our platform boasts an array of informative podcasts and webinars, ensuring you're always a step ahead in your investment journey.

At Saxo Bank, we believe in providing not just a platform for trading but a comprehensive ecosystem that supports and enhances your ETF investment strategy at every step.

Cryptocurrencies

Venture into the ever-evolving world of cryptocurrencies with Saxo, whether you're intrigued by quick market fluctuations or aspiring for long-term investments. With Saxo, you get an immersive, secure, and hassle-free experience in popular cryptocurrencies such as bitcoin, ethereum, and beyond.

Highlights of Crypto Trading with Saxo

  • Seamless Experience: Navigate your crypto investments on an intuitive platform. Forget the complexities of crypto wallets, cold storage, or recovery mechanisms.
  • Versatile Trading: Whether you're keen on leveraging rapid price dynamics or eyeing long-term crypto investments, Saxo's platform is available across mobile and desktop to serve your needs.
  • Peace of Mind: Shift your focus purely to market dynamics. Since you neither own nor store the cryptos, concerns about exchange vulnerabilities or access issues become irrelevant.
  • A Trusted Partner: Bank on a platform fortified over three decades, licensed and dedicated to safeguarding your investments.
  • Transparent Risks: Cryptocurrencies are renowned for their price volatility. While potential for gains is noteworthy, it's essential to grasp the inherent risks prior to diving in.
  • Security Risks: The nascent nature of crypto markets makes them susceptible to market manipulations. Past instances have seen hackers breach crypto exchanges and digital wallets.
  • Liquidity Concerns: A vast majority of bitcoins reside with a select group of investors, leading to potential liquidity issues during rapid market shifts.
  • Speculative Nature: Cryptocurrency's price trajectory leans heavily on speculation. The burst of the first crypto bubble in 2018 signals potential future occurrences.
  • High Volatility: Consider the highs and lows of bitcoin over a short duration. It's vital to remain prepared for these extreme price swings.

Your Crypto Trading Options with Saxo

Select an instrument that aligns with your strategic vision and risk preference:

  • Crypto FX: Harness short-term market variations with leverage.

    • Trade major cryptocurrencies against leading fiat currencies without needing exchanges during liquidation. Our offerings include BTC and ETH paired with USD, EUR, or JPY.
    • Explore both rising and falling markets without being tethered to bullish phases.
    • Enhance your capital. Leverage Crypto FX pairs to augment your buying capacity and widen your exposure to possible profits, while noting the potential losses.
  • Crypto ETFs & ETNs: Embrace a holistic perspective with exchange-traded instruments that lack leverage, such as ETFs and ETNs.

    • Seamlessly enrich your portfolio with long-term crypto instruments. Opt for ETFs or ETNs on popular cryptocurrencies like bitcoin, ethereum, ripple, and more.
    • A cost-effective avenue for those planning to integrate cryptocurrencies into their portfolios for an extended period.
    • Safeguard your investments. With the absence of leverage in ETFs and ETNs, you only risk the amount you commit, safeguarding you against any steep price drops in crypto.

Transparent and Competitive Pricing Structure

Stay informed with our upfront pricing strategy, ensuring maximum returns without unexpected hitches.

Investments Portfolios

Effortless and Intelligent Onboarding: Step into the world of investing with ease. With Saxo, the setup process is seamless and online, letting you jumpstart your investment journey without unnecessary delays. And once you're on board, sit back and relax as we navigate the intricacies of the financial markets for you.

  • Guided by Industry Elites: Trust in the hands that handle your wealth. At Saxo, your investments aren't just managed; they're nurtured by experts boasting a wealth of industry knowledge and experience. Our team ensures that your portfolio is attuned to the latest market trends and opportunities.
  • Affordable, Transparent Pricing: Why pay more when you can get superior service at a fraction of the cost? With Saxo, enjoy the benefits of world-class investment management without the hefty price tag that typically comes with traditional wealth managers. Our transparent pricing model ensures you know exactly what you're paying for.
  • Flexibility at Your Fingertips: Life is unpredictable, and we understand that your financial needs can change. That's why we offer unparalleled flexibility with no lock-in periods. Whether you're looking to reinvest or need immediate access to your funds, with Saxo, you're always in control.

At Saxo, our commitment goes beyond just managing your wealth. We aim to be your trusted partner, guiding you at every step of your investment journey.

Account currencies
USD, EUR
Payment Methods
Credit Cards, Wire Transfer
Commissions

Dive into a trading environment where cost-efficiency meets excellence. Our competitive spreads and commissions across a vast spectrum of asset classes set industry benchmarks. And as your trading volume ascends, we reward your loyalty with even more favorable rates.

Stocks:

  • Stellar Commissions: Start from just $1 on U.S. stocks.
  • Global Reach: Engage with an expansive selection of over 23,500 stocks, spanning both established and budding markets, hosted on over 50 global exchanges.

ETFs (Exchange-Traded Funds):

  • Affordable Access: Begin your ETF journey with commissions as low as $1 for U.S. listed entities.
  • Diverse Portfolio: Dive into a pool of over 7,000 ETFs curated from more than 30 exchanges worldwide.

Futures:

  • Cost-Efficient Trading: Experience commissions dipping to a mere $1.25 per contract.
  • Comprehensive Coverage: Engage with 320+ futures encompassing sectors like equity indices, energy, precious metals, agriculture, rate instruments, and beyond.

Bonds:

  • Optimized Commissions: Start at a modest 0.05% for government bonds.
  • Global Bond Universe: Navigate seamlessly through both online and offline portfolios of government and corporate bonds, spread across 26 nations and transacted in 21 diverse currencies.

Listed Options:

  • Competitive Rates: Plunge into trading with commissions diving as low as $1.25 per contract.
  • Variety at its Best: Deal with over 3,200 listed options in domains like equities, energy, metals, and more, aggregated from 20 global exchanges.

Mutual Funds:

  • Zero Hassles: Enjoy commission-free, custody-free, and platform fee-free trading.
  • Elite Choices: Invest effortlessly in a curated selection of mutual funds sourced from the industry's leading providers.

Expand Your Trading Horizons:

Venture into the realm of leveraged products and amplify your market exposure. With Saxo, the world of leveraged trading unfurls before you, spanning an impressive array of asset categories. Embrace opportunities and optimize your trading potential.

Languages
Chinese, English, French
Spread Type
Fixed
Broker Type
Broker

Minimum Lot Size: 0.01

ECN Account: 1000

Mini Account, $: 2000

Digits After Dot
5

Yes   24/5 Trading

Yes   Demo account

Yes   Daily Analytics

Yes   Swaps

Yes   Hedging

Yes   Scalping

Yes   Minus Protection

Yes   Mobile Trading

Yes   Automated Trading

Yes   Cashback

Yes   Trust Management

Yes   Promotions

SaxoBank Traders Reviews

  August 30, 2023  

SaxoBank's funds withdrawal process is relatively smooth. On average, I've received my funds within 2-3 business days. However, I'd suggest speeding up the process a bit more to match the instantaneous world of Forex trading.

  August 20, 2023  

Having engaged with several trading platforms over the years, my experience with SaxoBank was less than stellar. A glaring concern was their quotes, which were noticeably inconsistent when juxtaposed with other reputable brokers. These discrepancies often mirrored the kind seen with 'bucket shops,' raising questions about their transparency and reliability. The TraderGO trading terminal, which should be a seamless interface for traders, was riddled with issues. Its response time was sluggish, and I encountered frequent system freezes. This problem was exacerbated during critical periods like significant news releases, rendering trading virtually impossible at such pivotal moments. For a trader, timing is everything, and these glitches could mean the difference between making a profit or incurring a loss. Additionally, I was confronted with persistent slippage issues. Slippage in itself isn't uncommon in trading, but what was alarming was its regular occurrence even during stable market conditions. Compounding this was the fact that the slippage almost invariably worked against me. Instead of a random occurrence, it seemed more like a systematic issue, where orders were often closed at the least favorable rates. Given these setbacks, profiting through SaxoBank became an uphill battle. It wasn't long before I decided to retrieve the remainder of my deposit and redirect my trading endeavors to a more reliable and efficient broker. Potential traders should exercise caution and conduct thorough research before committing their resources to SaxoBank.

  July 17, 2023  

One of SaxoBank's strengths lies in its comprehensive set of trading tools. The provision of advanced charting tools and analytical resources greatly aids in making informed trading decisions. While their fee structure is transparent, I've felt that some of the commissions, especially for higher volume trades, are on the steeper side. It's something for high-frequency traders to consider.

  June 21, 2023  

After conducting extensive research on where to invest my disposable capital, which amounted to 15,000 euros, SaxoBank emerged as a frontrunner. The institution projected an aura of professionalism and seriousness that resonated with my investment ethos. Given the substantial amount, I decided to tread cautiously and parked my funds in a low-risk BlackRock portfolio. While some might raise eyebrows at the relatively modest return of around 10%, my perspective has always been to prioritize steady and reliable returns over high, volatile gains. In the unpredictable world of finance, an assured, albeit modest, income often outshines the allure of sky-high returns, which are usually trailed by equally dramatic pitfalls. I've always believed that it's far more prudent to grow one's wealth steadily than to risk a massive 200-300% depletion in the quest for astronomical gains. When it came to the withdrawal process, SaxoBank exhibited efficiency and reliability. I initiated a transfer to my Visa card and, true to their word, the funds reflected in my account within a span of 3-4 days. In an age where instant gratification reigns supreme, some might find this waiting period slightly tedious. However, in the grand scheme of investment timelines, a few days' delay isn't a significant drawback, especially if it ensures the safety and security of my hard-earned money. In summation, SaxoBank offered a stable and reliable investment avenue that catered to my conservative risk appetite. While the returns might not be headline-worthy, their consistency and the bank's overall professionalism make it a worthy consideration for like-minded investors.

  May 31, 2023  

SaxoBank is regulated by several top-tier authorities, which boosts its credibility. As a trader, it's reassuring to know that my broker operates within a strict regulatory framework. Order execution is swift and mostly accurate. While occasional slippages do occur, they're infrequent and, from my experience, within an acceptable range.

  May 17, 2023  

Over the span of five years trading on Forex, I've had my fair share of experiences with an assortment of brokers, each bringing a unique set of offerings to the table. SaxoBank caught my attention with their distinct terms, which seemed to radiate an earnest commitment to serving professional traders. Initially, I embarked on my trading journey with SaxoBank via a classic account. The terms, specifically the spreads for the EUR/JPY pair, rested at around 1.5 pips. Though not groundbreaking, it was reasonable. However, upon exploring and test-driving their Pro terminal, I was swayed by its potential and subsequently decided to upgrade to a premium account, where the spreads dipped further to a more appealing 1.1 pips. On paper, this seemed like a winning scenario. But, as they say, the devil is in the details. Post the initial euphoria of low spreads, I encountered recurring technical hiccups with their platform. An inconsistent user experience plagued by intermittent freezes became a frustrating norm. For a seasoned trader, such glitches are not mere inconveniences; they translate to real monetary losses. After enduring these unwarranted challenges, I felt compelled to transition to a different broker in search of a more seamless and dependable trading environment. In conclusion, while SaxoBank exudes potential and a clear intent to cater to professionals, the technological drawbacks in their platform made it difficult for me to continue my trading journey with them.

Find the Best Forex Brokers evaluated and selected by FBO

Forex Brokers Organization conducts thorough evaluations of brokers, examining aspects such as spreads, trading platforms, customer support, regulation, and more. These evaluations serve as a compass for traders seeking reliable platforms that align with their trading preferences.

Forex Brokers 2024