Saxo Bank Review

Saxo Bank is one of the leading global operators in online trading, providing their services to both private and institutional clients on an innovative, multi-asset trading platform that can be accessed from one simple account. Since the company’s establishment in 1992, Saxo has gone on to become a fully regulated and licensed bank in Europe, with their specialties lying with electronic trading and investments. The company provides services to a huge international client base from their headquartering offices located in Copenhagen, however they now support a growing network of offices located across the world with operations now in 26 countries including Europe, Australia, Asia, Latin America and the Middle East. The platforms offered by Saxo are white-labelled with over 100 major financial institutions worldwide offering more than 30,000 financial instruments available to invest in across their platforms.

Saxo Bank has been consistently recognised for their technology, services and products through an array of prestigious awards, some of which include:

  • 2015 Sell-Side Technology Awards: Best Outsourcing Provider
  • 2015 FX Week e-FX Awards: Best White Label Technology Provider
  • 2014 Financial World Innovation Awards: Most Innovative Application of Technology
  • 2014 Forex Magnates Awards: World’s Best Forex Broker
  • 2014 Banking Technology Awards: Best Use of IT in Investment Banking
  • 2014 FX Week e-FX Awards: Best Retail Platform
  • 2014 IFM Awards: Most Innovative Social Trading Platform

Trading with Saxo Bank

Saxo Bank is a multi award-winning online trading company which has been consistently recognised as a global leader in the financial industry. Saxo Bank provides three different accounts for individual retail traders depending on their personal trading activities and funds. An overview of the features of each account have been detailed below.

Saxo Bank Trading Accounts
Classic Account Premium Account Platinum Account
Service Offered Min. Deposit Required

$10,000.00

Min. Deposit Required $100,000.00 Min. Deposit Required $500,000.00
Access to all trading products
Access to all trading platforms
No service fee
24/5 access to customer service
Free access to Saxo Academy
Free access to TradeMaker
Free extended news and research
24/5 dedicated account executive service
FX options as tight as interbank spreads
Individual Pricing
Preferred Customer Service

Saxo Bank also offers two trading platforms for their clients to utilise, those being the SaxoTraderGO and the SaxoTrader. Features of these platforms have been provided below.

SaxoTraderGO

The SaxoTraderGo is one of the most intuitive multi-asset platforms available. The platform provides users with easy, seamless access to perform trades across all web-based devices as well as Android and iOS mobile phones from one single account. Functions of the SaxoTraderGO platform include:

  • Access market prices on over 30,000 tradable instruments across CFDs, Futures, Forex, Stocks and Options
  • Monitor your positions and place orders at anytime, from any device
  • Make trades directly from the watchlist or direct from the charting options which are streamed directly in real time
  • Develop your own watchlist to personalise your trading experience
  • Access the available annotations and technical analysis resources
  • Utilise the company’s new charting package where you can apply annotations and technical analysis to your trades in just a few simple clicks
  • Trade confirmations are directly sent to your smartphone using push notifications
  • Access the platform seamlessly through multiple devices which has been optimised to connect to anywhere in the world
  • Make trades on CFD and FX instruments with guaranteed green prices and low slippage
  • Easily apply limit and market orders on over 30,000 instruments to help minimise risk

SaxoTrader

The SaxoTrader is an advanced, award-winning platform which provides access to an array of features tailored to suit advanced and professional traders. The platform is available as a downloadable windows browser with an advanced multi-screen dashboard on a fully customisable layout. Further features of the SaxoTrader platform include:

  • Huge product range for tradable instruments including:
  • Over 9,000 CFDs
  • 22 Index-tracking CFDs
  • 182 FX crosses
  • ETFs
  • Stocks (from 36 exchanges)
  • FX Options
  • Futures contracts
  • Easy to use interface with customisable functions and features
  • Ability to view and manage positions as well as place a variety of market and limit orders in one integrated workflow
  • Access to their professional charting subscription with features such as:
  • Order management through the chart
  • View and analyse multiple price instruments with separated price axes
  • Access to fast and highly accurate annotation tools
  • Access to over 55 built-in technical indicators which are highly customisable and flexible
  • Access to a variety of period and range selections
  • Access to a customisable macroeconomic calendar containing detailed information on data events in major global economic institutions

Saxo Bank Summary

Saxo Bank has continually proven itself to be one of the most feature-packed, innovative online trading services provider in the world. With the company’s consistent recognition through numerous prestigious awards, the trading platform, services and additional features provided by SB are world class. The company offers clients two different platforms to trade on which are tailored specifically to the needs of a variety of traders. With the ability to access the SaxoTraderGO platform at anytime, in any location across the world, users are given unlimited access to their trades and trading accounts. The SaxoTrader platform is especially beneficial for those advanced and experienced traders as the features provided on the platform offer seamless integration of their highly advanced tools and features which facilitate the needs of the most experienced traders. It is suggested that Saxo Bank would be best suited to those traders who have previous experience in the industry and are wishing to invest significant funds into their trading activities. By doing so, these investors receive an array of benefits and advantages from the company that will potentially result in a significant increase in their trading abilities and performance.