“SaxoBank offers a professional trading offering to trade on more than 40,000+ financial instruments from just one account on its own feature-rich and award-winning trading platform.”
From our observations, SaxoBank provides a very competitive trading offering for both beginner and advanced traders. While some beginner traders may find the wealth of choice overwhelming at first, there are lots of support videos to help navigate the different markets that are offered.
Fortunately, the SaxoTraderGO and SaxoTraderPRO platform is simple to use but may take a bit of practice for complete beginners. Nonetheless, the platform is feature-rich with access to a wide range of markets and additional trading features, as well as a wealth of videos on how to use it.
Is SaxoBank regulated?
Yes, by the DFSA, UK FCA, ASIC, FSA (Japan), FINMA, MAS and others.
Where is SaxoBank based?
SaxoBank is based at Philip Heymans Alle 15, 2900 Hellerup, Danmark.
How does SaxoBank make money?
SaxoBank makes money mainly through spreads, commissions and swaps.
How do I deposit in SaxoBank account?
Funds can be deposited into a trading account via credit card, debit card, bank transfer or stock transfer.
What is the min. deposit for SaxoBank?
The minimum deposit is $10,000.
How do I withdraw money from SaxoBank?
Withdrawals can be made via credit card, debit card and bank transfer.
What is the max leverage in SaxoBank?
The maximum leverage offered by SaxoBank is 1:30 for retail clients.
How do I open an account with SaxoBank?
An account can be opened at the click of a button on the SaxoBank website and can be done in just a few steps.
Does SaxoBank use MetaTrader?
“Saxo is a globally regulated, multi-asset class broker offering to trade on more than 40,000 instruments covering Forex, CFDs, Stocks, Options, ETFs, Commodities, Futures, Bonds and Mutual Funds from just one account but on multiple platforms including their own, award-winning SaxoTraderGO and professional-grade SaxoTraderPRO.”
SaxoBank was founded in 1992 and is a fully licenced Danish bank that is also a regulated industry leader in 15 jurisdictions including Denmark, the UK, Japan, Singapore, Australia and Switzerland among others. With Saxo, users are joining a company which serves clients in over 120 countries, holds 16 billion USD assets under management and processes one million client transactions every day.
With SaxoBank, users can trade, hedge or invest from one single account and access more than 40,000 financial instruments covering Forex, CFDs, Stocks, Options, ETFs, Commodities, Futures, Bonds and Mutual Funds with low latency, deep liquidity from multiple venues such as Tier 1 banks, ECNs and 36 exchanges.
Users are also offered the award-winning SaxoTraderGO trading platform which offers advanced order functionality, technical and fundamental analysis and trade signals. Users are also offered the professional-grade SaxoTraderPRO trading platform which has advanced features such as one-click trading, algorithmic orders and an options chain.
Both beginner and advanced traders will enjoy the impressive range of trader research and educational tools which come in the form of Platform Video Guides, Events and Webinars, a Market Call podcast and articles and videos covering Macro, IPOs, Outrageous Predictions and a Quarterly Outlook report.
- Globally regulated broker.
- Can access 40,000+ financial instruments from just one account.
- Feature-rich SaxoTrader platform for web, desktop and mobile.
- Impressive range of trader research and education resources.