When you trade FX options with Saxo Bank, you get competitive pricing. You can also take advantage of extensive option chain tools, option analytics and innovative risk-management tools. Trade a wide range of commodities as CFDs, futures, options, spot pairs or exchange traded commodities (ETCs). You will find tight spreads and low commissions across the entire Saxo commodity range. Clients get direct access to tier 1 liquidity and receive the best spreads with minimal mark-up.
If you are still unsure if investing is right for you, please seek independent advice. Saxo Markets assumes no liability for any loss sustained from trading in accordance with a recommendation. This appointment follows the recent addition of Carolina Martinez-Caro as an Independent Director at H2PLT. To find a safe broker, ensure they are regulated and have positive user reviews. The Classic account is the starter account and the fees and conditions improve as you go from Classic to Platinum and on to VIP. UK clients can register a maximum of three cards with one account.
- The broker sources liquidity from a network of more than 50+ Tier-1 liquidity providers in the global OTC market, covering the US, EU and emerging markets including LATAM, APAC and MENA.
- Saxo Bank, remaining loyal to its transparency, publishes all documents and information on their website.
- Some of the risk management tools it offers are margin breakdowns, stop orders, account shields, and margin alerts.
- The broker does charge higher fees than some of its peers but we believe that is because the quality of service is among the highest in the industry.
While they offer a massive range of markets alongside extensive research tools and analysis, the only thing you will not find here are any social or copy trading features. Besides lots of currency pair,
Saxo Bank also offers some instruments you would like to trade on, such as
Forex, Gold & silver, CFD, Spread betting and Crypto for your best choice. Somehow, remember that different instrument
has different trading conditions. In this case, you have to make sure that your strategy is well
suited for the instrument you chose. Moreover, Saxobank provides more than 100 institutional specialists operating from offices in key financial centers, including Denmark, London, Singapore, Shanghai, Hong Kong, Switzerland, and Dubai.
A Look at Saxo Bank
In these countries, investors open an account with the company’s Dutch-regulated entity. If that sounds confusing, then remember that Saxo Bank is a global company. As a result, investors may be based in countries where Saxo Bank has no office or only a representative office or local branch. Over-the-counter derivatives, like forex contracts or CFDs, are charged for via the spread – the difference between the buy and sell price.
If you ever drop below the qualifying points criteria, you’ll have a 12-month grace period before we’ll move you to a lower tier, giving you time to build up your reward points again. CFDs on 8,800+ single stocks and 675 ETFs traded on the world’s biggest exchanges. The brokers top class execution and Tier-1 liquidity gives higher fill-rates, fewer premature stop-outs and significant price improvements.
- It includes a research hub where you can access the latest news on asset movements, global sales trading market updates, and more.
- To open a Saxo Bank trading account, visit the Saxo website and click on ‘Open Account’.
- The one omission to an otherwise impressive array of order types is the lack of a guaranteed stop loss order.
- It has been in operation for nearly 30 years, and has had an impeccable regulatory track record since 1992.
- Saxo Bank’s online trading services allow customers to buy and sell different trading instruments.
If you would like to invest in mutual funds, Saxo Bank offers zero commissions. It is a collective way to invest, where a group of funds is traded by a professional investor in order to generate profit. As for customer support your local language will be prioritized if you contact them.
Saxo Bank Professional Account
Personal information helps the broker offer services that are in line with the customer’s demands. Stock trading is very popular among traders as stocks provide opportunities for both short-term speculators and long-term investors. Potentially Stock prices can go up without a ceiling and can go down as low as 0. Currencies, on the other hand, are backed by people and countries and their prices are measured relative to each other.
Best Forex Brokers Denmark for 2023
As noted, there is also a lot of information on Saxo Bank’s platforms that can help you make your decisions here. For example, the screenshot below provides pricing and other information on silver futures contracts. Saxo Bank was founded in 1992 by Kim Fournais, a Danish businessman and entrepreneur based in Copenhagen. Today the company’s headquarters are still in Copenhagen, but Saxo Bank is a large conglomerate with offices and regulatory licences in financial hubs across the globe.
How can you Deposit and withdraw with Saxo Bank?
Autochartist can save you a lot of time that you would otherwise dedicate to scanning the markets manually. You can browse and discuss ideas and insights as part of an active community with millions of traders from all over the world. TradingView has access to powerful charting tools to identify and analyse patterns on easy-to-read and fully customisable charts. If you have your own ideas, you can outsource technical analysis to 100+ prebuilt indicators and other tools.
SAXO BANK ACCOUNT TYPES
Trade tickets include necessary information such as margin requirements and allow the user to select the unit (percent, pips, price, value) to set stop-loss and take-profit orders. All data is in real time so that the trader can make an informed decision. If you can afford the minimum deposit (which was reduced from $10,000 down to just €2,000 in 2021), Saxo Bank provides the complete package for discerning traders.
It has been in operation for nearly 30 years, and has had an impeccable regulatory track record since 1992. Saxo Bank is trusted by hundreds of thousands of clients from all over the world, and has over $90 billion in client assets under its custody. All in all, Saxo Bank’s close attention to detail can be seen throughout its proprietary platforms. For example, in SaxoTraderGO, the trade ticket comes with advanced options such as the ability to switch between forex CFDs, futures, forwards, or forex options.
It would take a ridiculous amount of time to do this all manually. However, there are other great choices outside of the USA, similar to Saxo Bank. Our first choice would be Interactive Brokers, a global broker that also provides a wide saxo bank broker reviews range of financial products. The main point to note here is that every entity that Saxo Bank operates is required by regulation to segregate client assets. That means those funds are not commingled with the firm’s and cannot be misused.
Saxo Bank is a highly trusted broker among both institutional and retail traders. Each client’s funds are kept in segregated accounts, which is a big deal as some brokers mix accounts and this segregation makes funds more easily accessible. One of the proprietary Saxo Bank trading platforms on offer is the SaxoTraderGo platform. This is award-winning within the industry and caters for trading on a wide range of assets offered by the broker across many different areas.
