Saxo Bank Broker

Overview

Saxo Bank Trading Accounts

Rank
8.22/10
Based on 9 Reviews
Position in Rating
2
Since 06 August, 2015
Vote
Company Reviews
«I Trust» 0% (0) Standart 100% (9) «Scam Alert» 0% (0)
Official Name
Saxo Bank
Headquarters
Saxo Bank A/S (Headquarters) Philip Heymans Allé 15 2900 Hellerup Denmark
Offices in
Cyprus, Greece, United States of America, Spain, France, Switzerland, United Arab Emirates, Italy, Netherlands, Portugal
Year founded
1992
Official Website
Phone numbers
+4539774000
+30211181218
+3317894564

Saxo Bank provides Forex Broker's services since 1992. In 2001, after receiving the European license, company changed its name from Midas to Saxo Bank. This broker specialized in large investments on the international financial markets, and provides clients to trade with currencies, shares, CFDs, futures, options, metals and other. The main difference of Saxo Bank from other companies is that the company offers to traders the maximum confidentiality and reliability in the safety of funds, as well as high-speed order execution and control of online trading system.

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Rating chart

Detailed Information

Min. Position Size, lot:
0.05
Min. Account Size, $:
10000
Max. Leverage
1:200
Spread:
2.0
Payment Options:
Bank Wire Transfer, Visa \ MasterCard
Regulation:
ASIC, Banque de France, FCA, FSA
US Traders:
Demo Platforms:
Own platform
Account Currency:

USD, EUR

Website Languages:
English, Spanish, Russian, German, Portuguese, French, Japanese, Chinese, Korean, Dutch
Support Languages:
English, Spanish, Russian, German, Portuguese, French, Arabic, Japanese, Chinese, Korean
Support Methods:
Callback, Phone, Email
Trading Server Timezone:
GMT
VPS for Traders:
15 euro a month
Classic
Premium
Platinum​
Min. Position Size, lot:
0.01
Min. Account Size, $:
10000
Maximum leverage, 1:
200
Spread Type:
Fixed
Typical spread on EUR/USD, pips:
2.0
Min. spread on EUR/USD, pips:
2.0
Trading Instruments:
Forex — 1:100
Gold & silver — 1:200
CFD — 1:20
Trading Platforms:
MetaTrader 4, WebPlatform, Own platform
Digits after the decimal point in quotes:
4
Margin Call Level, %:
50
Stop-out Level, %:
50
Additional Features:
  • Telephone dealing
  • Scalping
  • Expert advisors
Min. Position Size, lot:
0.01
Min. Account Size, $:
100000
Maximum leverage, 1:
200
Spread Type:
Fixed
Typical spread on EUR/USD, pips:
2.0
Min. spread on EUR/USD, pips:
2.0
Trading Instruments:
Forex — 1:100
Gold & silver — 1:200
CFD — 1:20
Trading Platforms:
MetaTrader 4, WebPlatform, Own platform
Digits after the decimal point in quotes:
4
Margin Call Level, %:
50
Stop-out Level, %:
50
Additional Features:
  • Telephone dealing
  • Scalping
  • Expert advisors
Min. Position Size, lot:
0.01
Min. Account Size, $:
500000
Maximum leverage, 1:
200
Spread Type:
Fixed
Typical spread on EUR/USD, pips:
2.0
Min. spread on EUR/USD, pips:
2.0
Trading Instruments:
Forex — 1:100
Gold & silver — 1:200
CFD — 1:20
Trading Platforms:
MetaTrader 4, WebPlatform, Own platform
Digits after the decimal point in quotes:
4
Margin Call Level, %:
50
Stop-out Level, %:
50
Additional Features:
  • VIP
  • Telephone dealing
  • Scalping
  • Expert advisors

Saxo Bank Reviews

avatar
20 September, 2016

Trader from United Kingdom

9

Good broker, but not for newbie. Firstly it is a high min deposit, I don't think that someone among beginners is ready to deposit such a big amount. Secondly is difficult withdraw, but it works always in time. Use their pro-platform with extended interface. There are no difficulties for me, already used. Orders have being executing in time and dont break away. But, as I already said, this company is not for beginners.

avatar
01 July, 2016

Constantinas from Greece

10

I have requested my 1st withdrawal on Friday and today I already have it. So I can say that is enough fast compared to other brokers. They have minimum deposit $10 000, that is too much for majotiry of newbies, but it underlines good conditions for Pro. But Saxo provides a free demo account for 20 days. There you may practice without risks. I have possitive emotions and satisfied with their service and condiions.

avatar
27 January, 2016

Gamal from Egypt

8

Started working just 3 months ago. I make a deposit $ 2000 and got access to webinars principal analyst - Josh. Watching regular webinars and making stable income, plus 10-20% per month. Very satisfied.

avatar
02 January, 2016

Andrew from Russian Federation

4

SAXO is a market maker with typical trading conditions, but solid license, that will make you trading more secure, but not easier. A lot of problems with platform, SL hunting, poor customer support, all these makes trading crazy. I advise to choose not only regulated brokers, but also ECN, without conflict of interestes. If you don’t know whan companies to choose, add me in skype, vovkfx, i will help you to solve this problem.

avatar
17 December, 2015

Stephan from Belgium

10

This broker perfect beginners. After registration and deposit, you're granted access to educational materials. Also pleased with the user-friendly interface for the trading and relatively high payouts. Problems with withdraw weren't detected. In general, I recommend! Personal manager who is ready for you at any time is something cool :) I like it!

avatar
28 November, 2015

Robert from Hong Kong

8

I don't want to lie - I have lost a lot of funds with this broker but it happened because my trading system was not finished. Now I getting my lost funds back and now I have no problems with earning of funds. IMO, this broker is really honest.

avatar
30 October, 2015

malini from India

8

I more trust in advisors, than in manual trading. My strategy of 5 digits is done very well with this broker. A lot of noise in the night market give me a stable results throughout the month. But you need to pay attention to the type of execution. Different advisors fit different types.

avatar
15 October, 2015

Michele from Italy

8

I read many reviews about this broker and sometimes people say that they withdraw money too long. I decided to check it out and filed an application to withdraw 400 dollars. Cash withdrawn not immediately, within three hours or so. Long story short, nothing wrong with this broker. Works honestly. I earned not so much for half a year, but pretty decent. Give it a try.

avatar
28 September, 2015

AMJAD from India

9

Very good and reliable broker, never had any issues with withdrawals, or orders closing. Sometimes on news there are some delays in execution, but that does not bother me, because I prefer more longterm orders.

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