摘要:Saxo is a Danish investment bank founded in 1992. It provides investment products (stocks, ETFs, bonds, mutual funds, crypto ETPs) and leveraged products (options, futures, forex, forex options, crypto FX, CFDs, commodities, turbos) through its proprietary trading platforms - SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO. The bank operates in over 100 countries and has offices in major financial centers worldwide, including Copenhagen, London, Singapore, and Tokyo. Saxo Bank is regulated by several financial authorities, including ASIC (Australia), FCA (UK), FSA (Japan), AMF (France), CONSOB (Italy), FINMA (Switzerland), and MAS (Singapore). The bank also has a banking license and is a member of the Danish guarantee fund for depositors and investors.
Saxo Review Summary in 10 Points | |
Founded | 1992 |
Headquarters | Hellerup, Denmark |
Regulation | ASIC, FCA, FSA, SFC, AMF, CONSOB, FINMA, MAS |
Market Instruments | Investment products: stocks, ETFs, bonds, mutual funds, crypto ETPs |
Leveraged products: options, futures, forex, forex options, crypto FX, CFDs, commodities, turbos | |
Demo Account | ✅(20 days with $100,000 virtual fund) |
Leverage | 1:100 |
EUR/USD Spread | From 0.9 pips (Classic account) |
Trading Platform | SaxoInvestor, SaxoTraderGO, SaxoTraderPRO |
Minimum Deposit | $0 |
Customer Support | 24/5 - phone, email |
Saxo is a Danish investment bank founded in 1992. It provides investment products (stocks, ETFs, bonds, mutual funds, crypto ETPs) and leveraged products (options, futures, forex, forex options, crypto FX, CFDs, commodities, turbos) through its proprietary trading platforms - SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO. The bank operates in over 100 countries and has offices in major financial centers worldwide, including Copenhagen, London, Singapore, and Tokyo. Saxo Bank is regulated by several financial authorities, including ASIC (Australia), FCA (UK), FSA (Japan), AMF (France), CONSOB (Italy), FINMA (Switzerland), and MAS (Singapore). The bank also has a banking license and is a member of the Danish guarantee fund for depositors and investors.
Saxo is a well-established and reputable broker with a range of trading platforms, instruments, and research tools.
However, the broker's high fees and lack of negative balance protection may not be suitable for all traders. Additionally, some users have reported poor customer service experiences.
Pros | Cons |
• Wide range of financial instruments available | • Fees and commissions may be higher than competitors |
• No minimum deposit requirement | • Inactivity fee for dormant accounts |
• User-friendly trading platforms | • Limited educational resources |
• Advanced trading tools and research | • Limited customer support options |
• Regulated by top-tier financial authorities | |
• 20 days' demo accounts with $100,000 virtual fund |
Saxo has several entities that operate in multiple jurisdictions, heavily and globally regulated to provide a reassuring trading environment.
Regulated Country | Regulated Entity | Regulated by | License Type | License Number |
SAXO CAPITAL MARKETS (AUSTRALIA) LIMITED | ASIC | Market Making (MM) | 280372 | |
Saxo Capital Markets UK Limited | FCA | Market Making (MM) | 551422 | |
Saxo Bank Securities Ltd. | FSA | Retail Forex License | 関東財務局長(金商)第239号 | |
Saxo Capital Markets HK Limited 盛寶金融(香港)有限公司 | SFC | Dealing in futures contracts & Leveraged foreign exchange trading | AVD061 | |
Saxo bank A/S | AMF | Retail Forex License | 71081 | |
BG SAXO SIM SPA | CONSOB | Market Making (MM) | 296 | |
SAXO BANK (SCHWEIZ) AG | FINMA | Financial Service | Unreleased | |
SAXO CAPITAL MARKETS PTE. LTD. | MAS | Retail Forex License | Unreleased |
How are you protected?
Saxo is a regulated broker, with licenses from multiple reputable regulatory authorities and a long-standing history of providing financial services. The broker takes extensive measures to protect client funds, including segregating them from the company's assets and offering negative balance protection.
Additionally, Saxo offers various security features, such as two-factor authentication and encryption, to ensure secure trading.
More details can be found in the table below:
Security Measures | Description |
Regulation | ASIC, FCA, FSA, SFC, AMF, CONSOB, FINMA, MAS |
Segregated Accounts | Client funds are held in segregated bank accounts to protect them in case of insolvency |
Two-Factor Authentication | As an extra layer of security for client accounts |
SSL Encryption | The Saxo website and platform are secured with SSL encryption to protect user data |
Investor Compensation Scheme | A member of the Danish Investor Compensation Scheme, which provides additional protection to clients in case of insolvency |
It's important to note that while these measures provide some level of protection for clients, there is always some level of risk involved in trading financial instruments, and clients should always be aware of the risks before making any trades.
Based on the information available, Saxo is a reliable and trustworthy broker. It is regulated by reputable authorities, has been in operation for several years.
Saxo offers a wide range of trading instruments across multiple asset classes, including
Saxo offers a range of account types designed to suit the different needs of its clients. The account types offered by Saxo are:
Classic Account: A traditional account with no minimum funding required, which is friendly for beginners.
Platinum Account: A premium account for high-net-worth individuals, with a minimum funding requirement of USD 200,000+.
VIP Account: An exclusive account for ultra-high-net-worth individuals, with a minimum funding requirement of USD 1,000,000+.
Each account type has its own unique features and benefits, such as lower pricing, higher leverage, and dedicated account managers. Saxo also offers a free demo account (20 days with $100,000 virtual fund) for clients to practice trading before committing to a live account.
It takes only about five minutes and a short online form to open an account. Clients will need to submit the standard verification documents required by KYC and AML rules, but the procedure should be quick and easy, and they will have access to their account in minutes.
Saxo offers leverage up to 1:100 for forex trading. Professional clients are entitled to leverage of 1:40 for the primary index, 1:33 for the secondary index, 1:33 for gold, 1:10 for equities, and 1:25 for commodities. Retail clients are entitled to leverage of 1:20 for the primary index, 1:10 for the secondary index, 1:20 for gold, 1:5 for equities and 1:10 for commodities.
However, the maximum leverage may vary depending on the instrument being traded and the client's location. It is important to note that trading with high leverage carries a higher level of risk, and traders should always exercise caution and use risk management strategies.
Saxo offers variable spreads, which means that the spreads can change depending on market conditions. The typical minimum spreads for popular instruments are as follows:
EUR/USD: 0.4 pips
USD/JPY: 0.6 pips
GBP/USD: 0.9 pips
AUD/USD: 0.6 pips
USD/CHF: 1.2 pips
USD/CAD: 1.5 pips
Saxo also charges commissions on some products, including stocks, ETFs, and futures. The commission fees vary depending on the specific market and the size of the trade. Commissions start from $1 on US stocks, US listed ETFs and futures. Bonds commissions start at 0.05%, listed options commissions start as low as $0.75 per contract, and mutual funds commissions are $0 for custody and platform fees.
Saxo offers its own proprietary trading platform called SaxoTraderGO. It is a web-based platform that can be accessed from any device with an internet connection. In addition to SaxoTraderGO, Saxo also offers SaxoTraderPRO, a desktop-based trading platform that is designed for advanced traders who require additional functionality.
SaxoTraderGO is highly customizable, allowing traders to arrange the interface to suit their preferences. It provides access to a wide range of trading tools and features, including charting tools, technical analysis indicators, and news feeds. The platform also includes a comprehensive range of order types, including market, limit, stop, and trailing stop orders.
SaxoTraderPRO is a professional-grade trading platform that offers advanced trading tools and features. It is designed for active traders and includes a range of tools that allow traders to monitor multiple markets and instruments simultaneously. The platform also includes advanced charting tools and a range of order types, including conditional orders and algorithmic trading capabilities.
Saxo also offers SaxoInvestor, which is a user-friendly trading platform suitable for beginner investors who are interested in a wide range of asset classes. It provides a simple and intuitive interface with basic research tools and features, making it easy for investors to buy and sell stocks, ETFs, bonds, and mutual funds. However, advanced traders may find the platform's lack of advanced tools and customization options limiting.
Saxo Bank supports several deposit and withdrawal methods, including Visa, MasterCard, Visa Debit, Visa Electron, MasterCard Debit, Maestro (for UK residents), Visa Dankort (for Denmark residents), Carte Bleue (for France residents). The company does not charge any fees for deposits and withdrawals, but if an investor makes a withdrawal request via manual withdrawal, a processing fee of 40 EUR will be charged.
Saxo has different minimum deposit requirements depending on the type of account you open and your country of residence. For example, there is no minimum deposit requirement for the Classic account of Saxo account.
Saxo | Most other | |
Minimum Deposit | $0 | $100 |
Swap costs, sometimes called overnight fees, are assessed on overnight open positions at Saxo Bank. These are expressed as interest and, depending on the trader's position, might be either charged to or credited to his or her account.
Traders of the Muslim faith, for whom the payment of interest is forbidden, are out of luck with Saxo Bank because they don't have the option of opening an Islamic account. With the wide variety of deposit currencies offered by Saxo Bank, customers will have a decreased chance of incurring conversion fees.
Amounts credited to your account are converted from their original currency at the mid-point FX Spot rate plus/minus the margins and spreads indicated below. This includes both trading fees and profits/losses incurred as a result of your trading activities.
Fees for account inactivity are also a reality for inactive accounts. After the initial six months, the rate increased to $150, which is quite a bit.
Saxo provides customer support through several channels, including phone, email, and social media (Facebook, LinkedIn, Twitter and YouTube). The broker offers 24/5 customer service in multiple languages, including English, Chinese, French, German, Italian, Japanese, Portuguese, and Spanish.
Saxo also provides a comprehensive help center on its website that includes an extensive knowledge base, FAQs, trading guides, and video tutorials.
Saxo Bank provides excellent market research in addition to a wealth of instructional resources like video courses, webinars, and events. Saxo Bank's SaxoStrats Experts group consists of eight analysts and strategists who are tasked with providing coverage of the various asset classes available to customers. It's apparent that this broker places a high value on its research team and recognizes the significance of this service, both for its clients and as a global investment bank. The classes are a wonderful way for newcomers to get their feet wet and become acquainted with the resources that are at their disposal. Videos are easy to follow and understand, helping novice traders quickly get up to speed and lay a solid groundwork from which to expand their knowledge. Saxo Bank specialists will be hosting webinars.
In conclusion, Saxo is a well-established broker. The broker offers a wide range of trading instruments, including forex, stocks, options, futures, and CFDs, and provides access to various markets worldwide. Saxo also offers advanced trading platforms - Saxoinvestor, SaxoTraderGO, and SaxoTraderPRO. While Saxo has some of the highest fees in the industry, the broker's competitive spreads and tight execution make it a popular choice for traders.
Overall, Saxo is a multi-asset broker that offers a comprehensive suite of trading tools and services to help traders achieve their investment goals. However, potential clients should carefully consider the fees before opening an account. Also, dont forget check their user reviews on the Internet.
Is Saxo legit?
Yes. It is regulated by ASIC (Australia), FCA (UK), FSA (Japan), AMF (France), CONSOB (Italy), FINMA (Switzerland), and MAS (Singapore).
Does Saxo offer demo accounts?
Yes. Demo accounts are available with the Saxo platform.
Does Saxo offer the industry-standard MT4 & MT5?
No. Instead, it offers SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO.
What is the minimum deposit for Saxo?
There is no minimum initial deposit to open an account.
Is Saxo a good broker for beginners?
Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.