Reviewed broker: SaxoBank
Established in 1992
Location: Denmark and subsidiary offices over 25 countries
Regulation: Danish Financial Supervisory Authority, ASIC, Banque de France, FCA UK, SFC Hong Kong, Japanese Financial Services Agency, Dubai Financial Services Authority, FSB South Africa, CMBT Turkey, Monetary Authority of Singapore, Swiss Federal Banking Commission, Bank of France
Saxo Bank is a privately owned company. Geely Financials Denmark A/S – a subsidiary of Zhejiang Geely Holding Group Co. Ltd – owns 52 percent of Saxo Bank. Founder and CEO, Kim Fournais, owns 25.71 percent of the Bank, while Sampo Plc, a leading Nordic financial services group, owns 19.9 percent of the company. Minority shareholders, including current and former Bank employees, hold the remaining shares.
Market maker model: yes
ECN: yes
Why Trade with Saxobank?
Industry-leading prices
Spreads from 0.4 pips for VIP clients, and up to 50x leverage.
Client-focused execution
Our order-driven model results in higher fill-rates, fewer premature stop-outs, and significant price improvements.
Award-winning FX trading platforms
Fast and reliable access to the markets from your phone, tablet, laptop, or multi-screen desktop setup.
24/5 expert service
Professional support whenever markets are open, including technical assistance, market analysis and access to personal sales traders.
Saxo Bank Review : Accounts, Payments and Trading Conditions
Trading instruments: Forex, CFDs, Contract Options, Futures
USA traders: not accepted
Trading platforms
SaxoTraderGO
Get fast and reliable access to 35,000+ instruments from any PC, Mac, tablet or smartphone.
SaxoTraderGO is our powerful yet easy-to-use platform, complete with a comprehensive suite of trading tools and features.
SaxoTraderPRO
Our professional-grade platform is fully customisable across multiple screens, and includes advanced features such as Depth Trader and algorithmic orders.
SaxoTraderPRO is downloadable on Windows or Mac, and your account syncs seamlessly with the SaxoTraderGO mobile and tablet apps when you’re on the move.
Metatrader 4: not available, discontinued
Account types: Saxo, Corporate, Professional
Saxo Bank Review : Account Types
Classic – Minimum funding USD 10,000
Benefit from industry-leading entry prices
- Tight entry prices
- Best-in-class digital service and support
- 24/5 technical and account support
Platinum – Minimum funding USD 200,000
Receive even tighter spreads and commissions
- Up to 30% lower prices
- Best-in-class digital service and support
- 24/5 technical and account support
- Priority local-language customer support
VIP- Minimum funding USD 1,000,000
Get the VIP treatment with our best prices and service
- Our very best prices
- Best-in-class digital service and support
- 24/5 technical and account support
- Local-language personal relationship manager
- Direct access to our trading experts, 24/5
- 1:1 SaxoStrats access
- Exclusive event invitations
Minimum deposit requirement: $10,000
Analysis tools: stock screener, equity research, advanced charting
Currency pairs: 169
Demo account: available, but limited to only 20 days!
Commissions: Saxobank charges commissions for their trading services based on the account you choose.
Maximum leverage is up to 1:100
Spread types: fixed, floating
Fixed spreads start from 2.0 pips
Floating spreads start from 0.5 pips plus up to $6 commissions
Minimum position size: 0.05 lot
Payment methods: wire transfer, credit cards
Saxo Bank Review : Learning Material and Latest Promotions
Customer support: phone, email, online chat
How was the rating of Saxobank performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Saxobank FX broker performance and features.
Overall our online Saxobank review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Saxobank or you find inaccurate details Saxobank broker review please get in touch with us and the changes will be applied.
