Saxo Overview
| Website | home.saxo |
| Year Founded | 1992 |
| Countries of Registration | Denmark, United Kingdom, Singapore, Australia, Switzerland, UAE, Hong Kong, Japan, Germany, France |
| Website Languages | English, Danish, German, French, Italian, Spanish, Dutch, Polish, Czech, Japanese, Simplified Chinese, Traditional Chinese, Arabic, Portuguese, Russian |
| Regulators | Danish FSA, FCA, MAS, FINMA |
| Broker Type | DMA |
| Dealing | A-book |
| Minimum Deposit | $1 |
| Account Currencies | USD, EUR, GBP, CHF, JPY, AUD, SGD, HKD, DKK, SEK, NOK |
| Spread | average |
| Trading Platforms | SaxoTraderGO, SaxoTraderPRO, TradingView |
| Trading Assets | Currencies, Stocks, ETFs, Bonds, Options, Futures, Commodities, Cryptocurrencies |
Brief look at Saxo
Saxo is a Danish multi-asset broker and fully licensed bank offering Direct Market Access across more than 190 FX pairs, 19 000+ equities and thousands of other instruments. Regulated by the Danish FSA, FCA, MAS and FINMA, Saxo provides the award-winning SaxoTraderGO/PRO platforms plus TradingView connectivity. Its Classic account has no minimum deposit, floating FX spreads from 0.9 pips and leverage up to 1:30, while Platinum and VIP tiers unlock tighter pricing and premium service. Traders benefit from segregated client funds, negative-balance protection in the EU, rich analytics and extensive education.
Pros
- Bank-grade regulation (DK FSA, FCA, MAS, FINMA)
- No-minimum Classic account; tight DMA pricing
- 190+ FX pairs and 40 000+ instruments overall
- SaxoTraderGO/PRO plus TradingView integration
- Tiered positive-balance interest on cash
- Extensive research, webinars and market tools
Cons
- High deposits (USD 200k / 1 M) for better Platinum / VIP pricing
- No MetaTrader support
- Islamic swap-free accounts not available
Is Saxo available in my country?
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Saxo doesn't accept clients from United States!
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Saxo Reviews
Saxo has been a solid broker for my forex trading. The app is user-friendly, and the demo account helped me get familiar with the platform before I signed up. The spreads are competitive, and the withdrawal time is quick. Highly recommend!
8/15/2023The minimum deposit is reasonable. The customer service is responsive, making it easy to resolve any issues.
5/10/2023While Saxo's platform is robust, I found the login process a bit cumbersome at times. The bonus offers are decent, but I wish they had more rebates for frequent traders. Overall, it's a good broker, just some room for improvement.
12/20/2022Saxo's trading features are top-notch, especially for forex. I was impressed by the leverage options available. The app is convenient for on-the-go trading, though I had a slight delay in my withdrawal time. Overall, a solid experience.
6/30/2023I've been using Saxo for a while now, and I can't complain. Their support team is helpful. I also appreciate the educational resources they provide for new traders. Definitely a broker worth considering!
1/25/2023Leave a Review
Is Saxo regulated?
| Companies | Saxo Bank A/S |
| Countries | Denmark, United Kingdom, Singapore, Australia, Switzerland, UAE, Hong Kong, Japan, Germany, France |
| Regulators | Danish FSA, FCA, MAS, FINMA |
| Investor Protection | Danish Guarantee Fund, UK FSCS |
| Investor Protection Size | DKK 100 000 / £85 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
Saxo Account Types
| Property | Classic |
|---|---|
| Min Deposit | $1 |
| Lot Size | 0.01 lots |
| Spread Type | Floating |
| Execution | Market |
| Min Spread | 0.9 pips |
| Fee | No |
| Max Leverage | 1:30 |
| Stop Out | 50% |
| Margin Call | 100% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Saxo Funding and Fees
| Base currencies | USD, EUR, GBP, CHF, JPY, AUD, SGD, HKD, DKK, SEK, NOK |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee |
Saxo Trading Platforms and Conditions
| Trading Platforms | SaxoTraderGO, SaxoTraderPRO, TradingView |
| Execution Speed | 9 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | average |
Saxo Trading Assets
| Currencies | 190 |
| Indices | 29 |
| Stocks | 19000 |
| Cryptocurrencies | 20 |
| Bonds | 5000 |
| Metals | 4 |
| Energies | 5 |
| Soft Commodities | 8 |
| ETFs | 3000 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Saxo Support
| salesCEE@saxobank.com | |
| Phone | +4539774113 |
Saxo Alternatives
| Broker | Saxo | Interactive Brokers | eToro | OANDA |
|---|---|---|---|---|
| Type | DMA | DMA | MM | STP |
| Minimum Deposit | $1 | $1 | $200 | $1 |
| Regulators | Danish FSA, FCA, MAS, FINMA | SEC, FINRA, FCA, CBI, CIRO, ASIC, SFC, SEBI, JFSA, MAS | SFSA, FCA, CySEC, ASIC, SEC | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF |
| Platforms | SaxoTraderGO, SaxoTraderPRO, TradingView | Trader Workstation (TWS), IBKR Mobile, Client Portal, IBKR GlobalTrader, FXTrader | eToro | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade |
| Spread | average | low | high | low |
| Leverage | 1:30 | 1:50 | 1:30 | 1:200 |
| Assets | Currencies, Stocks, ETFs, Bonds, Options, Futures, Commodities, Cryptocurrencies | Stocks, ETFs, Options, Futures, Forex, Bonds, Mutual Funds, Cryptocurrencies, Commodities, CFDs | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
