Saxo Bank

  • Name:Saxo Bank
  • Website:http://www.saxobank.com/
  • Location:Cyprus Greece Italy Netherlands Spain United Arab Emirates United Kingdom
  • Found in:1992
  • Regulation Authority:SFC (Hong Kong), FCA (UK) FSA (Japan), FSA (Denmark) FINMA (Switzerland), CNMV (Spain) ACP (France)
Editorial Rating:
3.96
Accept US Traders:
No

Saxobank.com

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.

The Essentials:

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.

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.