Saxo Bank is a Danish investment bank founded in 1992 that provides global online trading services. The company is regulated by many financial regulators, incl. Danish FSA, British FCA and Japanese FSA. The company has 18 local offices around the world
Saxo Bank’s platform offers access to over 40,000 financial instruments from Forex, CFD, Stocks, ETFs, Funds, Bonds, Cryptocurrencies, Options markets and SaxoSelect investment portfolios. Every new account is immedietaly verified. There is nor required minimum of initial deposit.
You can find an overview of the costs and commissions charged by Saxo Bank here (go to page).
Interest on Idle Funds
Saxo offers a very interesting interest rate on idle funds that you are not using for investments. It can be as much as 4% per annum.
Reap profits from uninvested capital without specifying a minimum investment period or a maximum deposit. Your funds will continuously be available for withdrawal or investment while generating income daily.
Here (link) you will find an account interest calculator, which depends on various factors, including the deposited amount and the type of account.
Account types at Saxo Bank
The Saxo Bank broker offers three types of individual accounts:
Classic
- Minimum deposit: 0;
- 24/7 account support and technical support;
Platinum
- Minimum deposit: EUR 200 000;
- Spreads lower by up to 30%;
- 24/7 account support and technical support;
- Priority customer service in the local language;
VIP
- Minimum deposit: EUR 1,000,000;
- Best Spreads;
- 24/7 account support and technical support;
- Personal Account Manager (in local language);
- Direct access to financial experts around the clock, 5 days a week;
- 1: 1 sessions with Saxo Strats experts;
- Invitations to exclusive events;
Trading platforms at Saxo Bank
Saxo Bank offers 3 different trading platforms, the ability to connect your account with external platforms such as MultiCharts or TradingView and the access to the API.
The broker offers two proprietary trading platforms, SaxoTraderGO and SaxoTraderPRO.
SaxoTraderGO offers enhanced trade tickets, fundamental and technical analysis tools, extensive charting package, options chain, performance analysis and comprehensive account overview.
SaxoTraderPRO algorithmic orders, one-click trading, options chains and charting packages. Analyse your performance in detail with revamped account section.
The third platform is the well-known MetaTrader 4.
Instrument offerings at Saxo Bank
The broker divides its products into two types – leveraged products and traditional investment products.
Leveraged products
- Crypto FX
- Forex
- CFDs
- Futures contracts
- Raw Materials
- Currency options
- Stock options
- SaxoSelect – Trading Strategies
Investment products
- Actions
- Bonds
- ETFs
- Cryptocurrency ETFs
- Investment funds
- SaxoSelect – Managed Wallets
Is the Saxo Bank broker safe?
Yes, Saxo Bank is a well-known financial institution that has been in the market since 1992.
Is the Saxo Bank broker operating legally?
The broker is regulated in many countries - Denmark (FSA), United Kingdom (FCA), Italy (CONSOB), Japan (FSA) and others.
What can you invest in on the Saxo platform?
Saxo Bank allows you to invest in Stocks, ETFs, Bonds, Cryptocurrency ETFs, Special Funds and leveraged products (including forex).
Is the Saxo Bank account free?
Yes, but broker charges spreads and transaction fees on every transaction.
