Saxo Bank Review Was Founded In 1992 By Danish Duo Kim Fournais And Lars Seier Christensen As A Single-broker Online Trading Firm. In 2001 It Set Up Headquarters In Denmark, Expanding Its Operations To London In 2002 And Setting Up As A Bank In Switzerland In 2006. It Rapidly Grew Into One Of The Most Well-renowned Online Trading Platforms Around The World, Boasting 1.4 Million Clients In More Than 180 Countries At Present.
Saxo Bank Company Details
| Headquarters | Denmark |
| Regulation | FCA And MAS |
| Platforms | SaxoTraderGo And SaxoTraderPro |
| Demo Account | Available |
| Minimum Deposit | $2,000 |
| Base Currencies | EUR AND USD |
| Instruments | Stocks, Bonds, Etfs, Mutual Funds, Options, Futures, Cfds And Fx Instruments |
| Payments Methods | Wire Transfer,Credit/ Debit Cards And Online Wallets |
| Customer Support | 24/7 |
Saxo Bank Accepted Countries
Saxo Bank Pros And Cons
Saxo Bank Is A Great Option For Those Looking To Put Some Diversity In Their Investment Portfolio With Access To More Than 40,000 Tradable Assets Including Real Assets Such As Stocks, Bonds, Etfs, Options And Mutual Funds. There Is A Huge Variety Of Forex Pairs To Trade Starting From (0.4pips – 0.6pips) On The Major Currencies Like The Eur/usd And Gbp/usd. Commissions Start At $3 On Us Shares Traded, So It’s Important To Take These Into Account When Considering Saxo Bank Offers Good Value For Your Trading Strategy.
PROS
CONS
- 1. Proprietary Trading Platforms With A Professional Edge
- 2. Scalable, Customizable Trading Software
CONS
- 1. No Trading Signals Are Being Generated
- 2. Fidelity Website Is Down For Maintenance
Saxo Bank Accounts Types
Saxo Bank Provides Vip, Islamic And Joint Account Types. You Will Get The Best Pricing And Service By Vip Account. You May Use A Different Currency As Long As The Amount Is Equivalent. The Joint Account Is For Those Who Would Like To Open An Account Alongside Someone Else, And Trade Together. You Can Choose Classic, Platinum Or Vip Account. Saxo Bank Does Not Offer Islamic Accounts.
| Vip Account | Yes |
| Platinum Account | Yes |
| Classic Account | Yes |
Saxo Bank Registration
Saxo Bank Platform & Tools
Saxo Bank Offers A Wide Range Of Trading Platforms, Including The Saxotradergo And Saxotraderpro Platforms. The Advanced Trading Platforms Offer The Most Professional Tools In The Industry. Their Flagship Platform Is Their Saxotraderpro That Provides Many Professional Charts With Integrated Indicators And Strategies To Use. If You Prefer To Trade On The Go Or Have Less Experience, They Also Have A Mobile App Called Saxotradergo That Is Quite Intuitive, Easy To Use, And Provides Fewer Features Than Its Brother.
| Metatrader 4 | No |
| Metatrader 5 | No |
| Mobile | No |
| Web | No |
| Desktop | No |
| Ctrader | No |
Saxo Bank Copy Trading
The Saxo Bank Copytrade Is A Platform That Allows Investors To Copy Other Traders, Choose The Percentage Of Investment, And Follow Their Performance. The Platform Is Easy To Use And Gives The Opportunity For Investors To Start Trading With The Minimum Investment Amount Of 10 Usd. Fee For This Service Depends On The Trader You Chose To Follow And The Percentage Of Your Total Investment.
Saxo Bank Copy Trading Features
- Saxo Bank Offers Professional Proprietary Trading Platforms.
- They Are Api Friendly.
Saxo Bank Deposits
Deposits Are, In General, Credited To A Client’s Trading Account Within 1-2 Business Days. Bank Wire Transfers May Be Subject To Delay If They Come From Other Banks Such As Correspondent Banks, Who Do Not Have A Direct Link To Saxo Bank. Please Note That All Deposits Need To Originate From The Same Account Or Credit Card Registered In Your Name. Users Can Add Additional Payment Solutions To Their Account And Trade With Them Without Any Problems.
| Wire Transfer | Yes |
| Credit Cards /Debit Card | Yes |
| Online Wallets | Yes |
Saxo Bank Withdrawal
Withdrawals Take A Bit More Time To Process Than Deposits. It Will Take Up To Three Business Days To Complete A Withdrawal. Most Trading Platforms Do Not Accept Withdrawals By Credit Card, Only Deposits. The Methods Available Include Wire Transfers, And Credit Cards. All Of The Same Methods That Are Available To Make Your Deposits.
Saxo Bank Minimum Deposit
Saxo Bank Works With A Minimum Deposit, This Being The First Amount That You Need To Deposit Into Your Account In Order To Start Trading. After Depositing Your Minimum Funds Into Saxo Bank, You Can Take Advantage Of The Lower Spreads And Commissions. The Saxo Classic Account Is An Account That All Clients Receive At Saxo Bank And It Comes With A Minimum Deposit Of 500 Gbp.
Saxo Bank No Deposit Bonus
Saxo Bank Does Not Provide No Deposit Bonus.
Saxo Bank Promotion
Saxo Bank Does Not Provide Promotion.
Saxo Bank Customer Service
Saxo Bank Offers Customer Service Through Email, Phone, Or Live Chat. There Is Always Someone Available During Their Business Hours To Help With Any Questions Or Issues You May Have. If You Need Help But Aren’t Able To Reach Someone Directly, They Also Have An Extensive Faq Section That Is Available In Multiple Languages.
Saxo Bank Contact Details
- home.saxo/da-dk/contact-us
- +4539774000
Saxo Bank Review Conclusion
Saxo Bank Review Is A Danish Investment Bank Specializing In Online Trading And Investment. It Was Founded As A Brokerage Firm In 1992, Under The Name Midas Fondsmæglerselskab, By Lars Seier Christensen, Kim Fournais And Marc Hauschildt. The Name Was Changed To Saxo When The Company Obtained A Banking Licence In 2001. Saxo Offers Trading Through Its Online Platforms In Forex, Stocks, Cfds, Futures, Funds, Bonds And Futures Spreads.
