Headquartered in Copenhagen, with offices in more than 25 countries, Saxo Bank was established in 1992 and specialises in trading a range of options, including Forex. In addition to being a fully regulated bank, this company has been a facilitator in the global capital market, offering liquidity and access to partners and private investors alike in the online world since 1996.
Saxobank.com’s Special FX:
Saxo Banks accessibility is one of its key features. With a presence in 21 countries across the world, the company is able to be directly connected to the users who access its platform. This local knowledge is a precious asset that Saxo Bank is able to nurture and use to their advantage when tailoring their online platform.
Another key feature of Saxobank.com is the range of tools and widgets on offer. With everything from Forex correlations and analytics software to automatic orders, the features provided at Saxo Bank are particularly useful for the experienced trader who wants to tailor their platform to the own specifications.
Saxo Bank’s accounts offer access to the Forex market through desktop and web-based platforms. Many users will opt to use the popular MetaTrader 4 platform while other will choose Saxo Bank’s custom software: SaxoTrader and SaxWebTrader.
All demo accounts at Saxobank.com provide direct access to the live currency exchange market through MT4, SaxoTrader or SaxoWebTrader; however their usage is limited to 20 days. Indeed, once this trial period has ended the user must step up to one of the three real money accounts if they wish to continue trading through Saxo Bank.
As with all Saxo Bank accounts there are a number of benefits to be had, including: trailing stops, one-click trading from charts, automated trading and pending orders.
Classic Account: Minimum account size $2,000, minimum position size 0.05 lots, fixed spread ranging from 2 pips, currencies tracked to four digits after the comma, 160 currency pairs accessible with a leverage point of 1:100.
Premium Account: Minimum account size $100,000, minimum position size 0.05 lots, fixed spread from 2 pips, four digits after comma, 160 currency pairs on offer and leverage of 1:100. Additionally, with this account traders have access to their own personal account manager.
Platinum Account: Minimum account size $500,000, minimum position size 0.05 lots, fixed spread from 2 pips, Forex trading with leverage from 1:100 on 160 currency pairs counted to four digits after the comma.