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Everything About Saxo Bank Broker

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Saxo Bank is a well-established broker since 1992. Saxo Bank has headquarters in Hong Kong, United Kingdom, Denmark, France, Australia, Cyprus, European area and Singapore. Saxo Bank provides their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by SFC (Hong Kong), 1395901, FCA, FC026688, FSA (Denmark), 1149, Banque de France, 483632501, ASIC, 109605610, CySEC, 163/12, ESMA and MAS.

Broker Information Security Popularity Payment Spec Instruments Score
Saxo Bank
Security B
Popularity C
Payment E
Spec E
Instrument A
B
C
E
E
A
score 50
Saxo Bank

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Saxo Bank Testimonials

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Zaire Anwar
Dec 7 2021

Do Saxobank and Oanda Require Us to Lose?

Is trading at a dealer broker required to lose because you are fighting a dealer? Saxobank and Oanda are big broker, but dealer. Does tha...
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Thomas
Sep 17 2020

Customer service simply does not exist. Forget them. They have...

Customer service simply does not exist. Forget them. They have a great affiliate marketing to convince people to join but that is all....
sg
Terajuana
Sep 16 2020

started the online application process but midway through i checked...

started the online application process but midway through i checked this site for their reviews and seen how bad they are. I stopped the ...
sg
Faughan
Sep 15 2020

They seriously need to learn how to communicate to new...

They seriously need to learn how to communicate to new clients. Impossible to open a Corporate Ltd account, sent all required info and th...
sg
Kuangfui321
Sep 14 2020

After 2 years of being there as a trader and...

After 2 years of being there as a trader and investor, I’m very satisfied with the platform. It’s intuitive, genuine and fast...
sg
Farhang
Sep 13 2020

Saxo says no withdrawal fee, but actually withdrawal has a...

Saxo says no withdrawal fee, but actually withdrawal has a fee under the name of intermediary charges, funny enough that there is no othe...
Additional FAQ

First, trading fees on certain asset classes are more expensive than others. Specifically for bonds, options, and futures. Second, Saxo Bank requires a minimum deposit starting from USD10,000 for Classic Account, USD200,000 for Platinum Account, and USD1 million for VIP. Lastly, Saxo Bank does not provide 24/7 live chat and so, you could not always receive an instant response to queries and help requests.

Continue Reading at Saxo Bank and Interactive Brokers: Which One is the Best?

he majority of Saxo Bank clients belong to top-tier financial institutions, such as other banks, fintech, hedge funds, and so on. Obviously, they won't work with Saxo if it is not credible. It is also a legal institution with a solid banking background. Additional good news for EU and MENA residents, Saxo Bank provides negative balance protection as well.

Continue Reading at Saxo Bank and Interactive Brokers: Which One is the Best?