Saxo Bank Review and Information 2023

	Saxo Bank
Voting Rating	Saxo Bank does not participate in the Forex Rating Submit Forex Broker
Reviews Rating
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 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.

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.

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 2023

WWW	http://www.saxobank.com/
Address	Philip Heymans AllÃ© 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
24/5 trading
Scalping
Hedging
Digits after the dot in quotes	4
Minimum position size	0.05
Spread Type	fixed
Pip spread on majors	2-3
Maximum Leverage	200:1
STP, $
ECN, $	1000
Standard account, $	10000
Mini account, $	2000
Popular payment methods	PayPal, Wire Transfer
Account currencies	EUR, USD, GBP, JPY
Available assets	Stocks, Futures, Options
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

Saxo Bank Reviews and Comments

Unreliable and Limited. The platform is to some extent good; however, if you need to chat with the agent and receive support it is very challenging. The chat can be open for 5 min at most and then it restarts and you end up speaking with 10 agents before you can only address your problem. I never solved one so far. Saxo Bank is also very unreliable. They change margins, fees and their interpretation of regulation without any previous communication and as they seem appropriate, usually on client's damage. They also never send you a name or a link to the regulation they are enforcing. Especially if you are a non EU citizen, avoid it. There are many other platforms in the US which are more reliable and less costly than SAXO. Do a better research. This is a branded mamut which will not survive the New Age.
Andriana 23 May 2022 Reply

Very bad experience. I asked them to withdraw some money on the 1/2/2021. I got no response until I made official complaints to the Monetary Authorities of Singapore where I hold the Account and to their "complaints dept". They finally registered the bank account of the receiving bank on the 8/2/2021 but. still today on 17/2/2021 I have not received my money. The people answering the phone are totally irrelevant. I have started worrying about the rest of my money with them and I think I will have to change broker. Its not the first time that I have problems with this broker. Stay clear.
George 16 Feb 2021 Reply

Thank you for your honest review, this helps new clients be aware and cautious for sure.
Jonathan Bartsch 8 Sep 2021

Saw an add for NDD Saxo bank trading accounts, later I find they are market makers. below is from their Product disclosure statement. 3.14 Conflicts of interest: Trading with Saxo for the Saxo Products carries an automatic risk of actual conflicts of interests because Saxo is acting as principal and issuer of the Saxo Products and Saxo sets the price of the Saxo Products and also because it might be transacting with other persons, at different prices or rates, or Saxo might be trading with market participants.
HB 10 May 2018 Reply

Saxobank dead company without support team. In Saxobank doesn't exist support team, they doesn't answer on me emails. It is SCAM broker.
Pavol 31 Jan 2018 Reply

Far More than just an XM Trading Account - Client Benefits

All clients receive free and unlimited access to personal account managers, forex market research, daily forex webinars, video tutorials, forex trading signals, daily technical analysis, daily market outlook and 24/5 live customer support in over 30 languages.

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 Jul 2017 Reply

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 Apr 2017 Reply

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 Aug 2016 Reply

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 Mar 2011 Reply

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 Apr 2010 Reply

please somebody tell me... which is the best forex borker?
Predac 13 Jan 2010 Reply

guys iam confused! which is the best forex borker?
johannes 30 Dec 2009 Reply

Jean Claude blaming the broker is one thing but "legal" excuses not to give you your profits is quite another I dont think you read the comments proprerly
Gary De Lacy 5 Jul 2009 Reply

people on this page is complaining only because they do not know how the market works.....
before you open a trading account with a broker or a bank PLEASE LEARN THE MARKET.....
blaming the broker for slippage, execution or else comes only from ROOKIES....

jean claude 5 Jul 2008 Reply

I am a client of Saxo bank and the platform is great but the execution on the FX is frankly average. I use saxo for my stock trading only where its quite ok.
saxo trader 25 Jun 2008 Reply

Trade Gold with FXTM

Trading precious metals is one of the most popular ways of diversifying your portfolio. Trade spot gold and spot silver prices against the US Dollar and other major currencies with a global broker today, and reap the potential benefits.

I opened with Saxo as they have a multi product platform but their execution on fx markets is always requoted and quite many problems placing stops. I have found a better deal for fx and so just kept Saxo for CFD's it works ok.
fxlion 23 May 2008 Reply

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