Broker Review
Saxo Bank
Saxo Bank is a Danish investment bank founded in 1992, offering institutional-grade trading services to retail and professional clients. As a licensed bank, Saxo provides the highest level of client fund security.
Saxo Bank offers access to over 70,000 instruments across forex, stocks, ETFs, bonds, futures, and options. The SaxoTraderGO and SaxoInvestor platforms are sophisticated yet user-friendly, suitable for both active traders and long-term investors.
Regulated as a bank by the Danish FSA and overseen by multiple Tier-1 regulators including the FCA, ASIC, and MAS, Saxo Bank is one of the safest brokers in the industry. The high $2,000 minimum deposit positions it as a premium service for serious investors.
Ratings Breakdown
Pros
- Danish bank regulation
- Institutional-grade platforms
- 70,000+ instruments
- Excellent research
- Multi-asset portfolio tools
- Strong safety of funds
Cons
- High minimum deposit ($2,000)
- Higher fees than retail brokers
- Complex fee structure
- Limited platform customization
Key Details
| Regulation | FSA, FCA, ASIC, MAS, HFSA |
|---|---|
| Minimum Deposit | $2,000 |
| Platforms | SaxoTraderGO, SaxoInvestor, API, Mobile |
| Leverage | Up to 1:30 |
| Assets | Forex, Stocks, ETFs, Bonds, Futures, Options, Crypto CFDs |
| Spreads | From 0.4 pips |
Funding
| Deposit Methods | Bank Wire, Credit/Debit Cards, Skrill |
|---|---|
| Withdrawal Methods | Bank Wire, Credit/Debit Cards |
Support
24/5 Phone, Chat, Email
User Reviews
No reviews yet. Be the first to share your experience!