Saxobank Review


Saxo Bank is a leading specialist in online trading and investment which is offering access to global markets and providing a powerful suite of products and online trading platforms to clients in over 160 countries and high-profile institutional partners.

 

In addition to Forex, they offer 11,500 Stocks, 7,000 CFDs on shares, indices and commodities, ETFs and ETCs, Bonds and Futures. Founded in 1992, Saxo Bank is a fully licensed European bank which is regulated by the Danish Financial Supervisory Authority and a member of the Guarantee Fund for Depositors and Investors supervised by the Danish Ministry of Economics and Business Affairs.

 

Saxo Bank A/S is a Denmark licensed and incorporated bank which is also offering investing services and trading currencies on global financial markets. The firm is headquartered in Hellerup, Denmark. The firm’s services and activities are regulated by the Danish Financial Supervisory Authority (FSA). As a member of the European Union, Denmark has incorporated the EU Banking and Investment Directives into Danish law. The company was established in 1992.

 

The broker specializes in online trading and investment across international financial markets enabling private investors and institutional customers to trade Forex, CFDs, ETFs, Stocks, Futures, Options and other financial tools and trading assets via multi-award winning online trading platforms such as SaxoWebTrader, SaxoTrader and SaxoMobileTrader. Besides this broker offers trust management and professional investment portfolios.

 

The trading accounts with Saxo Bank start from $10000 with the leverage reaching up to 200:1 and the spreads on major currency pairs ranging from 2 to 3 pips. Price spreads include all fees and commission and are listed clearly on the spread form. Traders have access to all the Saxo Bank trading products and platforms as well as to TradeMaker and TradeMentor. Saxo Bank provides a 20-day free demonstration of their platforms with a simulated USD 100,000 account to practice with, so new traders can try out market strategies and familiarize themselves with the Saxo Bank platforms before they start trading for real. U.S. residents are not allowed to trade with Saxo Bank.

 

From the beginning of its operation the firm’s team has emphasized advanced technologies as a vital and indispensable element for being highly competitive in the online trading industry. Safeguarding clients’ data and securely controlling, fulfilling and managing real-time internal systems are of extreme importance to the firm. A large group of highly experienced IT professionals works hard to firmly secure all of the broker’s information and operating systems.

 

Headquartered in Copenhagen, Denmark, Saxo Bank spans the entire globe with offices in 26 countries across Europe, Asia, Australia, South America and Africa. Through their local sales and service organization and global online presence, Saxo Bank serves clients in more than 180 countries, and their trading platforms are available in over 20 different languages.

 

The Client support is offered via phone and live chat 24 hours a day during the market hours and email support is available, too. As can be expected from a large banking institution, Saxo Bank provides reliability and transparency and traders should feel comfortable trading here. The website is user-friendly and much of the important information appears on the home page.