Saxo Verified Reviews from Actual Clients

Additionally, following activation, algorithmic trading orders can be completely incorporated. There are various tools that require a subscription, such as “depth of market” and “time and sales” statistics, which may prove to be value-added services. Forex, shares, commodities, indices, options, bonds, and futures are among the amazing product offerings that can be purchased or sold short using CFDs, forward contracts, and/or direct ownership.

• The prices above are indicative minimum spreads and will vary according to the country of residency.
• Our review covers minimum deposit requirements, trading fees, UK regulation, and more.
• Charts, news, research, and watchlists can all be organised in this web-based version in accordance with trader preferences.
• No, based on your detected country of UA, you can’t open an account with this broker.
• Read more Additional Key Information Documents are available in our trading platform.
• Whether you are a beginner looking to learn the basics or an experienced trader seeking to enhance your skills, Saxo Bank’s educational resources have you covered.

Saxo Bank provides a range of risk management tools to help traders protect their capital and manage their exposure. The final area Saxo offers is the contract for difference (CFDs Trading). You can trade leveraged products with Saxo Bank on more than 9,000 CFD instruments including shares, indices, bonds,  ETFs, commodities and index options as shown below.

Saxo Capital Markets 2023 Review

The site offers no glossary, which is a nuisance for lower-skilled clients. This does point towards the overall theme of this broker which aims its service away from smaller and lower-skilled traders. All in all, although there is some thorough content, there is limited education material. But apart from this, there is only a chat-bot that fails to answer basic questions such as how to open an account. Saxo offers traders two platforms, the web-based SaxoTraderGo and the desktop-based SaxoTraderPRO.

Let’s see what body each of Saxo’s legal entities is regulated by and how each of these work to protect traders in the concerned jurisdiction. You’ll need to open an account and deposit enough collateral (margin) to enable you to place orders with your broker to buy or sell forex. Are you looking to speculate that the Euro (EUR) currency will go up in value against the U.S.

IG holds nearly a dozen regulatory licenses (and holds the distinction of being the only forex broker regulated in both Switzerland and the U.S.); simply put, IG is one of the most trusted brokers in the industry. Trading with a trusted forex broker is a crucial factor for success in international currency markets. As a contract for difference (CFD) trader or forex investor, you may have specific needs related to which platform, trading tools, or research requirements you have. Understanding more about your investment style needs can help determine which forex broker will be best for you. Not every broker publishes average spread data, and pricing structures vary.

Also, under FCA regulations, the broker does not offer cryptocurrency trading, including on Bitcoin and Ripple. SaxoTraderPRO is the professional’s choice of a downloadable, fully customized, professional-grade platform for advanced traders. SaxoTraderPRO brings an intuitive, multi-screen platform to Windows and Mac, and also can still have access to mobile and tablet apps. The product choices of Saxo Bank include a truly wide selection of markets including Forex, CFDs, Stocks, ETFs, Futures, Options, Mutual funds, Bonds, and Cryptocurrencies. You can get an instrument you wish to trade, and also provided with competitive pricing. The new traders can benefit from Saxo Bank’s offer to try out market strategies and familiarise themselves with Demo Account before the real trade practice.

Trading conditions

Saxo Bank offers three live account options; Classic, Platinum, and VIP. To open an account, clients must complete a simple online registration form with identity documents and proof of address. All accounts offer access to all asset classes, 24/5 technical support, and both trading platforms. Tighter spreads and lower commissions are available as you move up the account tiers.

ABOUT SAXO

Which also runs its service under the supervision and regulation of the Danish Financial Supervisory Authority (FSA). Traders can access research tools through either the website or the platform, but its small archive and poor search functionality make it hard to navigate and find exactly what you’re looking for. The Youtube page has a subset of analyst videos but there aren’t many materials available in the research section.

Mobile Apps

Saxo is regulated in 15 jurisdictions across Europe, the Middle East and Asia. Access tier 1 liquidity to receive higher fill-rates, fewer premature stop-outs and significant price improvements. Access 185+ Forex pairs across majors, minors and exotics, crypto, plus spot metals – from only 0.5 pips, no commission charged and cash rebates. Read our full explanation and accounting of our research and testing process to learn more about how we test.

Please note that spreads shown are ATM 1 month minimum spreads under normal market conditions. Spreads will vary depending on the life and the strike of the option. Blue indicates rising trends and red indicates descending trends. Automate your analysis with Trade Signals by Autochartist, free for Saxo clients. This leading technical analysis tool identifies emerging and completed chart patterns.

Do note that this group tends to anticipate, accelerate, and amplify price changes that have been set in motion by fundamentals. Commodity Futures Trading Commission (CFTC) saxo forex broker and the ICE Exchange Europe for Brent crude oil and gas oil. They are released every Friday after the U.S. close with data from the week ending the previous Tuesday.

Saxo Bank vs FOREX.com 2023

As a whole, Saxo Group’s 10 subsidiaries are spread across 15 different jurisdictions, including the U.K, Denmark, and Singapore. This is important because, due to the lack of central authority, the Forex market is regulated by separate authorities. Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com.