Saxo Bank Review 2025: Pros, Cons and Key Features

For example, Australian-based traders have a minimum deposit policy of AUD 3,000. At Saxo, funding is supported in 18 different currencies while your money is kept safe in segregated trust accounts and protected by different compensation schemes. Yes, Saxo Markets is considered a safe brokerage trading firm by all industry standards. Saxo Bank gives its clients access to world-class education material that caters to beginner traders as well as professional traders.

Risk Management

• This comprehensive support structure ensures that traders can rely on prompt and effective assistance, enhancing their overall trading experience.
• Saxo Bank offer a choice of convenient funding options including bank wire transfer and credit/debit cards.
• Regulation is in place to protect investors and I would therefore always prefer to use a regulated broker although this does restrict certain products and services that can be offered to clients.

Saxo does charge higher fees than some of its peers, but that is arguably compensated for by the quality of service it offers, primarily in terms of customer support but also via its technology stack. Saxo also gives investors access to a broad range of trading products, namely options, futures, foreign exchange, and CFDs. SaxoTraderGO offers manual traders a superior trading experience over industry-standard MT4. This account allows traders to take full advantage of the tax-free allowance, but is available to UK residents only.

Investors with a large portfolio should also be mindful of the trading charges, which are a percentage of your trade rather than a flat fee. Saxo offers three trading accounts including classic, platinum and VIP. The most popular trading account is the Classic account which has a minimum deposit requirement of $10,000. This account has entry prices that beat other leading forex brokers when it comes to spreads.

Withdrawal Fees

Automated trade signals assist traders in navigating the broad asset selection, while the option chain grants excellent hedging opportunities. The broker has a wide range of services from share trading to contract for difference (CFDs). Below shows the wide range of markets offered all matches by low brokerage fees and commissions.

Saxo’s US election trading hub rolls-out commission-free US stocks

Trade a wide range of commodities as CFDs, futures, options, spot pairs or exchange traded commodities (ETCs). You will find tight spreads and low commissions across the entire Saxo commodity range. Access 19,000+ stocks across core and emerging markets on 37 exchanges worldwide, with the same Saxo Account. The prices are very competitive, you can trade stocks from USD 3 and HK stocks from HKD 60 with even lower rates for active traders. The Autochartist search pane enables users to define the parameters of the markets that the program scans.

• Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the U.K.
• This investment bank and fintech company was founded in 1992 under the name Midas Fondsmæglerselskab by Lars Seier Christensen, Kim Fournais and Marc Hauschildt.
• Since the money does not have any real value, you can test strategies without the actual risk.
• However, I feel that the sheer size of the company means that you perhaps do not get that personalised approach that some other brokers can deliver.

Saxo expands it’s tradeable CFD & Options universe with CFD Index Options

For us, Saxo Bank stands out for their SaxoTraderGo and SaxoTraderPro trading platforms. The first will appeal for beginner traders and comes with good research tools, while the latter will appeal to experienced traders wanting advanced features like automation. Saxo Bank offers access to leading trading platforms, ensuring a familiar and flexible trading experience for its clients. A high percentage of retail investor accounts lose money when trading CFDs.

65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Overall, Saxo Markets is an excellent trading platform for retail traders and investors who want institutional-grade pricing, robust execution and wide market coverage. Saxo Bank’s web-based platforms, such as SaxoTraderGO, offer a seamless trading experience accessible from any web browser.

They are made to help you better your knowledge on basic strategy such as managing risks, planning the trade, trading the plan with tips for everyone. If you would like to open one all you must do is enter your name, email country, phone number, and add a password. Since the money does not have any real value, you can test strategies without the actual risk. The Saxo demo account can be used for a 20-day trial period with no obligation to deposit real money after this. As a big plus, the Pro platform features saxo bank broker review a customizable layout that can be displayed over six screens to cater ideally for high volume or expert trading requirements.

Saxo Bank operates with high levels of security, adhering to strict regulatory standards to ensure that clients’ investments are well-protected. Yes, credit and debit card deposits are typically processed instantly, giving you immediate access to funds. Their focus on delivering excellent value is matched by 24/5 expert support and dedicated relationship managers for active traders.

Saxo provides clients with their own proprietary platforms, a vast selection of powerful tools and useful market analysis to assist with your trading activity. You can choose to invest in cash products, trade with leveraged products or let the experts manage your money. They are a huge brand and have been at the forefront of the online trading industry. However, I feel that the sheer size of the company means that you perhaps do not get that personalised approach that some other brokers can deliver. That being said, I feel they are a market leader in so many aspects that it is just too hard to ignore them. I think the average retail trader may feel overwhelmed by the options available to them, but professional and institutional traders are sure to be impressed with the possibilities.

For instance, charting tools and technical analysis features may appeal more to short term traders, whereas company fundamentals data is more likely to be useful for long-term investors in stocks. Saxo is a multi-asset broker providing retail and institutional clients access to stocks, bonds, funds, derivatives, and other products. SaxoTraderGO is an award-winning webtrader, fully customizable, and also available as a mobile version. It includes an extensive charting package and fully supports manual analysis of assets with a wide range of fundamental and technical analytics tools. They include equity insights provided by SaxoStrats and third-party TipRanks, streaming news and market commentary, and more than 40 technical indicators.

You can trade with peace of mind as they are regulated in multiple jurisdictions and have won over 40 industry awards. They have been providing top class brokerage service for over 25 years to a global clientele. Saxo offers access to an extremely impressive selection of over 40,000+ instruments – across asset classes – to trade, hedge and invest from a single account. You can choose from popular products such as Stocks, Forex & CFDs, along with futures, ETFs, bonds, mutual funds, forex options and listed options. From what I have seen, they have the one of the most impressive selections of instruments from any brokerage firm.

You should only engage in any such activity only if you are fully aware of the relevant risks. There are a range of different account types depending on the trader’s capital. Generally speaking, the more you trade with Saxo, the less you pay and better service you get. When you open an account, you are placed into a tier based on your initial funding within 30 days. After your first three months trading, you will automatically be moved to the tier that best reflects your volume – with no additional funding required. Saxo offer full access to more than 250 top-rated mutual funds from the world’s largest investors.

Handelsplatformen en tools

Saxo operates globally and provides services to investors in 84 different jurisdictions, although that can change over time. Investors can also open an account in 23 different currencies with the broker. The broker offers investors access to a large set of investment and trading products.

There is nothing wrong, but this seemsrather outdated and given that Saxo Bank is a fintech company it would be nice if they implement methods of asset transfers which are leading the industry. Saxo Bank offers APIs to allow third parties to connect and interact with the SaxoTraderPRO. Direct clients and subsidiaries may manage accounts via Excel, connect through TradingView, or utilize MultiCharts. Saxo Advanced Solutions features FIX and Open API, supporting the development of third-party trading applications with full access to the Saxo Bank market portfolio. The advanced features are not available to retail clients, who have access to algorithmic trading as is available inside of the SaxoTraderPRO platform. SaxoTraderGO does not support automated trading solutions, the sole drawback as compared to the retail-favorite and developer-friendly MT4 trading platform.