Saxo Bank – broker review

Min. deposit
10000$
Min. trade price
0.01$
Website address
https://www.home.saxo/
Profitability
87%*
Demo account
Yes
Currency
EUR GBP JPY USD
Supported languages
Eng Rus
Active
Yes
* The amount that will be credited to the account in the case of a successful deal

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 2.2,
according to 2821 reviews

4.5 Stars
Guy Tal
Guy Tal
stars
il
The data was correct and helpful. Highly recommended

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Sten Brygger
Sten Brygger
stars
dk
Super nem side at bruge God over blik over investeringer

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gushim
gushim
stars
de
The platform is comprehensive, user friendly (as user friendly as the stock market can be) and transparent. Yes, it charges fees, as it should, it does not attempt to gather to larger audiences. For serious long term investment.

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Timothy Parker
Timothy Parker
stars
gb
Switching my SIPP, ISA and general trading accounts to Saxo could not have gone more smoothly. This has been in no small part to the advice and assistance from Elliott King. All the functions that I have used so far have been very straightforward to use. My experience leads me to highly recommend Saxo.

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Jon Lee Junior
Jon Lee Junior
stars
gb
The Saxo demo platform is intelligently designed, clear and logical to use, and comprehensive in its range of products. E.g. most other UK brokers either do not offer options, offer options only on CFDs (placing one derivative on another derivative), or do so only for Forex and not for a full range of stocks and other assets. Also, all the options info - such as 'the greeks' - are there or easy to find. Also, the customer service staff were responsive and instantly well-informed about the intricate details of a trading question. Likewise, when I asked them about fees they replied honestly. For a beginner who wishes to explore the mature world of trading and investing ~ in a smooth and uncomplicated way ~ there is no better demo account with which to practice trades. (It does terminate, though, 21 days after signing up.) 5+ stars. Well done! Ok, so all this professional perfectionism has to be paid for, and the fees for an active account are slightly ~ though not outrageously ~ expensive. Also, there are a few other scattered costs customary to the business - such as custody fees. I get the feeling that Saxo will nickel and dime a guy. In particular, foreign trades incur a currency conversion of 1% each way, making 2% in total. This fee is cheaper than Halifax, the same as Hargreaves Lansdown but twice as much as IG. It is also twice as much as Etoro though only for US instruments. Yes, for a Brit buying UK stocks or transacting in any trade not denominated in US Dollars, Saxo is much much cheaper than Etoro. Really, this is a great platform for well-funded veteran investors ~ and not quite so much for retail Joe small-traders or moody millennials still at home in their parents' basement. For senior-cliental with bumper deposits there are Platinum accounts which offer cheaper fees. But, positively, the demo account allows us ordinary guys to form a picture of how the smart financial world actual works at its honest best. Even for us small investors who wish to move up to a live account, Saxo is never worse than fair.

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adam habib
adam habib
stars
gb
Monalisa was truly fantastic. She stuck with me for more than an hour and was very helpful. I would not have been able to resolve my challenge without her assistance. This is the best customer experience I have had in many years. 🙏🏾🙏🏾

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Saharuddin Ramli
Saharuddin Ramli
stars
my
The best platform to me so far.

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A.Philp
A.Philp
stars
ca
Great support! Really easy to get needed support through online chat function.

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Norasikin Binti Hassim
Norasikin Binti Hassim
stars
my
Good service

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Ian Deal
Ian Deal
stars
gb
I deal in contract options, the Saxo platform is excellent for that, quick to navigate and trade Recommended

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Gary
Gary
stars
us
Clear interface, decent support by email and phone, and no issues funding account.

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Cliff Burt
Cliff Burt
stars
gr
Big thank you to Charlotte and Nina for sorting out my account password. What would be considered easy became complicated due to safari and several changes were rejected without reason. On the advice from Charlotte we changed to Google Chrome and the girls talked me through and now wow are all set. thanks again

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Jan Rune Skorpen
Jan Rune Skorpen
stars
gb
To whom it may concern: I like most of your functionality. However, I would like to suggest for you to add a feature whereby one can see ytd % return live updated, for example next to total portfolio value. You do have daily % live updates, but ytd would be very useful. Even monthly live % returns would be nice. Rgds - Jan Skorpen

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alexey orekhov
alexey orekhov
stars
ru
Might not the cheapest. But range of markets instruments is superwide. Asx stocks all kind of all world dericatives... I am ok

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Daniel
Daniel
stars
gb
First of all I want to thank my Private Sales Manager Mr. Elliott King for his dedication in helping me thoughout the process, for his timely communication, and that he facilitated and greatly contributed to the successful transfer of my shares into Saxo. I want to thank Saxo for transfering my position and allowing me to easily trade it on their platform with reasonable commission. I even received my money the next day after the withdrawal.

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Pascal Olivier Napoleon
Pascal Olivier Napoleon
stars
dk
Super intelligent bank. God service ok bank. Problem marts 22. Inflation usa circa 8% Europa circa 7% måske. Inflation = pb capitalisme ( lagarde power er måske a angst) May be russik obligationom om 3 måneder. Europa usa harakiri økonomist . Russe = china + India ok forretning. Farvel til Europa og USA. Russe+china+India = circa 3 milliard mennesker.(ok business) Selvfølgelig er jeg økonomiske analfabet. Rigtig god aften i drømme land 😇

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Kasra
Kasra
stars
se
Perfect platform, variety of products are amazing, however, its so costy to trade with Saxo.

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PP
PP
stars
nl
Quality platform and products. I would like to have more choices to buy same tickers registered in different exchanges. Fees are too high though, I would bring more of my portfolio if they were not as high

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Ahmed Alghfeli
Ahmed Alghfeli
stars
ae
I would love to thank Sammy Jassam for helping resolving the Issue I had, he worked sincerely hard to help me. He deserves 10 out 10. Glad to deal with people like him.

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Raf
Raf
stars
gb
Few years experience with Saxo Group and they never dissapointed me. High quality and reliable service, intuitive software although commissions can be relatively expensive for some users (E.g. day/short term traders).

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Overview of the best financial organizations involved in online trading: Saxo Bank

If you decide to engage in commercial activities related to online commerce, first of all, learn all that they write about it in the network and other media. Make a list of well-known web resources that are respected by experts in the industry, prepare your questions and start searching for answers to them. If you don’t go into details, it seems that even a first-year economics student will cope with such a task. But … In any matter, especially if it is connected with the modern economy, there will always be important details on which the final result of your work depends. As the object of the review we take Saxo Bank. Well-known Danish investment bank, which is of great interest for this topic. Why bank? We learn the answer to this question by examining in more detail the activities of this participant in the global financial market.

 

Saxo Bank – trading platform review

 

Saxo Bank – principles of work and attitude towards customers

For more than two decades, a financial institution has provided services to its customers, ensuring their needs, analyzing and controlling the market situation, trying to keep up with industry leaders. Throughout its existence, the company adhered to the philosophy that is called the philosophy of objectivism, and its main principles were formulated at the time by the famous writer Ayn Rand:

● Justice.

● Decency.

● Pride.

● Frankness.

● Productivity.

● Independence.

It sounds noble, although it is not proof of the safety of clients of the company. But do not worry about this. He was one of the main ones, both in 1992 and today. Specialists of the institution are constantly thinking about the comfort and safety of financial resources, as well as personal information of their clients:

● The company’s specialists attract new customers due to the simplicity, transparency and availability of their services. If at the end of the last century many traders were counting on financiers, today brokers are interested in both educated economists and representatives of other specialties, and the latter invest their savings only in the case of full confidence in their safety.

● Quarterly / annual reports, changes in management structure, financial plans also indicate the security of a financial institution.

● An application developed by the best experts of Saxo Bank and constantly updated software is not only the immediate execution of the necessary transactions, but also the protection of all data from competitors and fraudsters.

● The multi-faceted activity of the company always makes it possible to cover losses in one direction, with profits in other sectors.

● Representative offices are open not only in Denmark, but also in Britain, Italy, France, the Czech Republic, Spain, China, Singapore, etc.

● But of course the age of the company. According to this indicator, it is among the most trusted and reliable corporations.

In the event that you decide to register a login with Saxo Bank, but you still have some doubts, be sure to study one of the main indicators of the reliability of any broker – an organization that regulates the activity of a participant in the global financial market.

Saxo bank Regulators

First of all, you need to pay attention to the readers that Saxo Bank ensures the safety of user accounts thanks to the deposit guarantee system and European financial legislation.

And in 2001, Saxo Bank obtained a license from the Danish Financial Supervision Authority, which allowed this institution to provide its services in almost any country in the world. Do you still have any doubts? Then there remains the last option – reviews of real customers (do not confuse competitors’ comments with purchased!) And reviews of reputable financial analysts.

Training at Saxo Bank

The organization in question provides both new and experienced traders with the opportunity to thoroughly study not only the structure of the global financial market, but also understand the role of each element of this complex mechanism.

● Thanks to the team of this institute, you will learn:

● What is Forex, and what factors affect the exchange rate.

● What is needed and what are the securities.

● How to make money on CFD contracts.

● Learn to work on SaxoTraderGO and SaxoTraderPRO.

● Learn the benefits of major exchange products and deal with their pricing.

But besides theoretical training, bank customers can open a demo account on Saxo Bank in order to see in practice all the nuances of a trader’s work. It is at this stage that most users decide whether to work on trading platforms or to devote themselves to other activities.

Also on the web resource are provided: individual advice, assistance of experienced analysts and managers, the study of trading strategies under the supervision of professional traders or training in small groups.

What Saxo Bank customers should know

Studying the reviews prepared on Saxo Bank, attentive readers immediately note that there are no usual tables on the authoritative sites with indication of the main indicators. On the one hand, it is alarming, but, on the other hand, maybe the resource owners simply don’t want to “reveal the cards” ahead of time?

Saxo bank Trading Terms

● The minimum deposit is $ 10,000.

● The minimum lot is 0.01.

● Available account types are Classic, Premium and Platinum.

● Currency accounts – euro, US dollars, British pounds, Japanese yen.

● The maximum shoulder is 1: 100.

● Site support – works around the clock, 5 days a week, except weekends.

● Spread – 2-3%.

Saxo Bank Deposit and withdrawal

Some users believe that for this trading platform, it is necessary to increase the number of methods for depositing and withdrawing money. Many Saxo Bank reviews refer to this. At the moment, for the implementation of the task used: bank transfers, PayPal, as well as debit and credit plastic cards of the most common systems. Only on the basis of these data it is possible to accurately determine that the site belongs to the bank.

Saxo Bank Assets

By the number of used financial assets and instruments, the broker is one of the most advanced companies. It uses currency pairs, stocks, bonds, commodities, precious metals, as well as instruments such as CFDs, options, futures, and others.