Saxo Bank review

Saxo Bank is specialized in online trading, being an international investment bank. They offer the possibility to trade CFDs, ETFs, Stocks, Futures, Options and Forex thru some of the most technologically advanced platforms. Their platforms are at the same time easy to use, but also offer a full array of options. Saxo Bank won Best White Label Solution Provider and Best Mobile Trading Platform at the World Finance 2012 Foreign Exchange Awards.

open account final

If you think big in terms of online trading, than you think Saxo Bank as they are one of the most professional brokers out there, oldest and most reliable.

They offer 160+ Fx pairs, 8400+CFDs, 14.000 Stocks, 41 Fx Options and 140+ Futures so no matter what kind of trader you are, you will find your preferred instrument to trade.

A downside is that the minimum deposit required is 2.000 USD. That might not be a problem for some of us, but I think that for most of us, this can be an issue.

Before investing with them it would be wise to check them out for yourself and try the demo account.

General Information:

Broker Headquarters: Copenhagen, Denmark
Also has offices in: London, Singapore, Tokyo
In business since: 1992
Regulated: Saxo Bank is a fully regulated bank in Denmark
Client account segregation: Saxo bank is member of the Guarantee Fund for Depositors so if they go into bankruptcy, client funds are guaranteed up to 100.000 EUR
Accept US traders: Yes

Trading conditions:

Web Platform Saxo Web Trader
Downloadable Platform Saxo Trader
Spreads Variable
Guaranteed stop loss Orders are executed at the best available price
Trailing stop loss Server side
Scalping Allowed
Hedging Allowed
OCO orders Available
Demo account Yes – Open Demo Account
Live account types Classic – Minimum deposit – 2.000 USDPremium – Minimum deposit – 100.000 USD

Platinum – Minimum deposit – 500.000 USD

Open Live Account

Our rating of Saxo Bank: 5/5

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