Saxo Bank - Forex Broker information, rating, reviews

Saxo Bankhttp://www.saxobank.com/
Status
Regulation FSA
Trading software SaxoTrader, SaxoWebTrader, SaxoMobileTrader, TradeMaker
Headquartered Philip Heymans Alle 15, DK-2900 Hellerup

Saxo Bank is a leading specialist in online Forex trading and investment, offering access to global markets and providing a powerful suite of products and online trading platforms to clients in over 160 countries and high-profile institutional partners.  In addition to FX, we offer 11,500 Stocks, 7,000 CFDs on shares, indices and commodities, ETFs and ETCs, Bonds and Futures. Founded in 1992, saxo bank forex is a fully licensed European bank, regulated by the Danish Financial Supervisory Authority and a member of the Guarantee Fund for Depositors and Investors supervised by the Danish Ministry of Economics and Business Affairs.

Saxo Bank’s Forex Offering

  • For nearly two decades, online Forex trading has been the core of saxo bank broker .  We are now a proud market leader, with one of the most complete Forex offerings on the market.
  • 160+ FX crosses, including spot Gold and Silver
  • 40+ Forex Options
  • Forex Forward Outrights
  • Up to 200 times margin available
  • Deep liquidity aggregated from Tier 1 banks
  • Spreads as low as 2 pips and low commissions
  • TradeMaker, the FX trading tool featuring Sostratos FX Daily & Intraday ideas
  • minimum deposit is $2000
  • spreads range from 2 to 3 pips
  • futures trading, virtual trading and gold trading
  • low fees and commissions

Award-winning Trading Platforms
Saxo bank forex broker offers three powerful trading platforms to meet all of your Forex trading needs:

  • SaxoTrader is a saxo bank trading platform the downloadable desktop platform, winner of multiple industry awards
  • SaxoWebTrader, the flexible web-based trading platform or online trading platform ideal for all investors
  • SaxoMobileTrader, is a mobiletrader for on-the-go FX trading from any internet-enabled mobile phone

Our platforms feature customizable workspaces, real-time news, live tradable Forex prices, advanced charting and a variety of order types, including Stops and Trailing Stops.

Saxo Bank Forex Accounts
A Saxo Bank Account, with minimum $10,000 deposit, lets you trade Forex, FX Options, Forwards, Gold and Silver, plus Stocks, CFDs, ETFs and Futures from a single account.  Funding is available via bank transfer, Debit Card, Visa or Mastercard.

Advantages of Trading Forex with Saxo Bank

  • Unrivalled 160+ currency pairs, plus FX Options, Gold & Silver, FX Forwards
  • Industry-leading platforms for desktop, web and mobile phone
  • Superior client service in multiple languages
  • TradeMentor, our free FX trading educational program
  • Practice Forex trading with a free 20 day Saxo Bank demo account, including live prices, real-time charting, streaming Dow Jones news
  • Demo trading account
  • It is easy to open trading account

For more information about trading Forex at Saxo Bank, please visit our website www.saxobank.com or the financial and trading news and analysis website: www.tradingfloor.com also our video content in video.saxobank.com. There you can learn how to use saxo bank and how safe is saxo bank .

On the company’s profile page at our website you can read saxo bank reviews by other traders as well as write your personal saxo bank review of your personal experience with the broker. To add a review in this rating you need to login to the site.

Saxo Bank trading information

WWW http://www.saxobank.com/
Address Philip Heymans Allé 15, DK-2900 Hellerup, Denmark
Headquarters Hellerup
Free phone 810 (45) 3977 6531
24 hour support
Partnership programs
Trust management
Interest charges on the balance
Mobile trading
Automated trading
Demo account
24 hour trading
Scalping
Hedging
Digits after the dot in quotes 4
Minimum position size 0.05
Spread Type fixed
Pip spread on majors 2-3
Leverage 200:1
ECN, $ 1000
Standard account, $ 10000
Mini account, $ 2000
Other payment methods
Popular payment methods Wire Transfer
Account currencies EUR, USD, GBP, JPY
Other instruments Stocks, Futures, Options
Other languages
Languages English, Spanish, French, German, Portuguese, Italian, Greek, Chinese Mandarin, Chinese Cantonese, Japanese, Polish, Hungarian, Czech, Danish, Dutch, Russian, Hebrew, Arabic
Platforms SaxoTrader, SaxoWebTrader, SaxoMobileTrader, TradeMaker
Broker type
Regulation FSA
Foundation 1992
From the floor: Shale 'distress' grows as $40/b in view

Editor’s note: From the floor takes advantage of TradingFloor.com's unique real-time access to Saxo Bank’s various trading floors around the globe to put our community in touch with the developments that matter to their portfolios...

Market analysis
Saxo Bank latest reviews

That’s not a good broker for some sort of trading strategies. I’ve got very poor performance since started trading using small take profits and stop losses. Other words, spreads too high for scalping. It brings my strategy performance to negative level comparing to other brokers. I also found that results are the same on all main currencies. So my conclusion is to use this broker only for position trading.

Silva   3 July, 2017  

It's a terrible and not advanced company in terms of trading currencies. In my story, I was attracted by promises of broker's advantages among other firms. It pushed me to open account and make deposit after relatively short period of time. No demo at all! In addition, I had an ECN account, but in reality, there were no advantages compared to other types of accounts. All the same: requotes, wide spreads, etc. If someone wants to protest against my statements, I will glad to provide all the evidence. Unlikely, I won't communicate to anybody from broker after such a negative experience.

K.L. Slater   25 April, 2017  

Please, can someone leave a comment of true experience with Saxo Bank? Look, when I see list of all trading currencies, I get a little confused. There are 182 currency pairs. My current broker offers 32 currencies for trading. The difference is huge especially when I see much better conditions with saxo. What I do not like is a minimum required balance that is $10000. Comparing to my broker it is very high level of entrance even if Saxo bank gives you so many trading instruments. Is it really worth to deposit 10K? What special with trading solutions if broker provides the same mt4 trading platform, regulated by same authorities and have all major currencies for trading?

Pad65   2 August, 2016  
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Damn rude tha's all I can say of their night dealer no damn manners at all, system slower than my grandmother walking

Rude ???   22 March, 2011  

I'm a Private Wealth Management client in Saxo Bank, what can I tell you about this service?, well, they've made me lost USD 150K trading with Natural Gas futures, they offer a senior advisor for your investments (with a lot of experience) but this only a joke; the senior advisor bought the future contracts without an stop loss order, the result was I lost USD 150K in just 1,5 days. It would be funny for you, but it was not for me, believe me Saxo Bank is not as good as they say.

Pavo   8 April, 2010  
  


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