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Saxo Bank

Company Saxo Bank A/S
Website
Broker type STP / ECN
Minimum deposit 2000 EUR
Regulations FSA (Denmark), FCA (UK), CONSOB, FSA (Japan), SFC (HK)
Discount SaxoRewards loyalty programme, refer a friend programme

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0/10

Credibility ( 0 )
No problems with withdrawals. No suspicious practices.
Customer Service ( 0 )
Contact with the support. Deposit/withdrawal process. Reliability.
Offer ( 0 )
Level of spreads and commissions. Product Range.
Platform ( 0 )
Ease of use, fast execution, reliability.

Description

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. On average, it takes about 3 days to verify a new customer and open an account. The required minimum initial deposit is EUR 2,000 or equivalent in other currency.

You can find an overview of the costs and commissions charged by Saxo Bank here (go to page).

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.

Michał Misiura

Specifications

Company Saxo Bank A/S
Website
Broker type STP / ECN
Leverage 1:30
Minimum deposit 2000 EUR
Negative balance protection Yes
Regulations FSA (Denmark), FCA (UK), CONSOB, FSA (Japan), SFC (HK)
Trading platforms SaxoTraderGO, SaxoTraderPRO, MetaTrader 4
Payments Bank transfer
EUR/USD Spread from 0.7
Min lot 0.01
Country Denmark
Established in 1992
Number of instruments 40,000+
Discount SaxoRewards loyalty programme, refer a friend programme

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No problems with withdrawals. No suspicious practices.
Contact with the support. Deposit/withdrawal process. Reliability.
Level of spreads and commissions. Product Range.
Ease of use, fast execution, reliability.

 

I confirm that this review was written based on my own experience and was not solicited in any way by any broker.

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