Saxo Bank Broker Review 2020

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Saxo Bank Broker Review 2020
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Official Fx Watchdog Verdict: SAXO Bank comes with high reviews across the masses with an excellent customer service and great trading conditions.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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Saxo Bank is considered to be a low risk broker, with a total confidence rating of 98 out of 99. Saxo Bank is not traded on a competitive and open market. It operates as a bank and is approved by six tier-1 controllers, this means high trust. Additionally they have one tier-2 controller, tier-2 means average trust. But there are no zero tier-3 controllers (low trust).

Saxo Bank is approved by the accompanying tier 1 controller:
– Securities Futures Commission (SFC)
– Australian Securities & Investment Commission (ASIC)
– Japanese Financial Services Authority (JFSA)
– Swiss Financial Market Supervisory Authority (FINMA)
– Financial Conduct Authority (FCA)
– Monetary Authority of Singapore (MAS)

Mobile Trading 

Saxo Bank does a remarkable job tying in excellent research and trading tools into its mobile application, bringing together the solid SaxoTraderGO online platform feel.

Trading tools: The market news, economic calendar, and other research content, together with analysis of pattern recognition from Auto Chartist, all equate the online of the platform.

Charting: The charting capabilities are well equipped with indicators, customizations, and drawing tools, again giving a closely identical experience with the online version of the platform.

Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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Trading Features of Saxo Bank

FeatureSaxo Bank
Web PlatformYes
Unique Trading PlatformYes
Mobile AppYes
Demo trading accountYes
Watchlists – Total Fields12
Charting – Indicators / StudiesYes, 55
Charting-Drawing ToolsYes, 19
Charting – Trade From ChartYes
MetaTrader4 (MT4)Yes
MetaTrader5 (MT5)No

Is Saxo Bank a trustworthy broker? 

Saxo Bank is considered to be a low risk broker, with a total confidence rating of 98 out of 99. Saxo Bank is not traded on a competitive and open market. It operates as a bank and is approved by six tier-1 controllers, this means high trust. Additionally they have one tier-2 controller, tier-2 means average trust. But there are no zero tier-3 controllers (low trust).

Saxo Bank is approved by the accompanying tier 1 controller:
– Securities Futures Commission (SFC)
– Australian Securities & Investment Commission (ASIC)
– Japanese Financial Services Authority (JFSA)
– Swiss Financial Market Supervisory Authority (FINMA)
– Financial Conduct Authority (FCA)
– Monetary Authority of Singapore (MAS)

Mobile Trading 

Saxo Bank does a remarkable job tying in excellent research and trading tools into its mobile application, bringing together the solid SaxoTraderGO online platform feel.

Trading tools: The market news, economic calendar, and other research content, together with analysis of pattern recognition from Auto Chartist, all equate the online of the platform.

Charting: The charting capabilities are well equipped with indicators, customizations, and drawing tools, again giving a closely identical experience with the online version of the platform.

Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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FeatureSaxo Bank
Minimum Deposit$10,000.00
VIP Trader discountsYes

Trading Features of Saxo Bank

FeatureSaxo Bank
Web PlatformYes
Unique Trading PlatformYes
Mobile AppYes
Demo trading accountYes
Watchlists – Total Fields12
Charting – Indicators / StudiesYes, 55
Charting-Drawing ToolsYes, 19
Charting – Trade From ChartYes
MetaTrader4 (MT4)Yes
MetaTrader5 (MT5)No

Is Saxo Bank a trustworthy broker? 

Saxo Bank is considered to be a low risk broker, with a total confidence rating of 98 out of 99. Saxo Bank is not traded on a competitive and open market. It operates as a bank and is approved by six tier-1 controllers, this means high trust. Additionally they have one tier-2 controller, tier-2 means average trust. But there are no zero tier-3 controllers (low trust).

Saxo Bank is approved by the accompanying tier 1 controller:
– Securities Futures Commission (SFC)
– Australian Securities & Investment Commission (ASIC)
– Japanese Financial Services Authority (JFSA)
– Swiss Financial Market Supervisory Authority (FINMA)
– Financial Conduct Authority (FCA)
– Monetary Authority of Singapore (MAS)

Mobile Trading 

Saxo Bank does a remarkable job tying in excellent research and trading tools into its mobile application, bringing together the solid SaxoTraderGO online platform feel.

Trading tools: The market news, economic calendar, and other research content, together with analysis of pattern recognition from Auto Chartist, all equate the online of the platform.

Charting: The charting capabilities are well equipped with indicators, customizations, and drawing tools, again giving a closely identical experience with the online version of the platform.

Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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Account types: Saxo Bank provides three record types. The basic Classic record needs a minimum deposit of USD 10,000, while the Platinum account created for dynamic traders needs USD 200,000. In 2020, Saxo Bank won the honour of Best VIP Customer Experience. Saxo Bank’s VIP account, which provides the best offer on pricing, is saved for tip-top financial investors who make the least deposit of USD 1,000,000. The exclusion of these high requirements is in Singapore and UK, where the Classic account is accessible with an SGD 3,000 deposit or GBP 500, respectively.

Spreads: Saxo Bank’s main concentration is it’s spread-only valuing, which is without commission and relevant to all traders. All things considered, Saxo Bank’s volume-based estimating incorporates a default commission equivalent that is only 0.5 pips and could be appropriate for traders that are active.

Best execution: Saxo Bank shows a high level of committed to the FX International Code, an advancing interbank standard around execution best-practices and advanced disclosures. The objective of the FX Global Code is to advance transparency and integrity over the global foreign market.

FeatureSaxo Bank
Minimum Deposit$10,000.00
VIP Trader discountsYes

Trading Features of Saxo Bank

FeatureSaxo Bank
Web PlatformYes
Unique Trading PlatformYes
Mobile AppYes
Demo trading accountYes
Watchlists – Total Fields12
Charting – Indicators / StudiesYes, 55
Charting-Drawing ToolsYes, 19
Charting – Trade From ChartYes
MetaTrader4 (MT4)Yes
MetaTrader5 (MT5)No

Is Saxo Bank a trustworthy broker? 

Saxo Bank is considered to be a low risk broker, with a total confidence rating of 98 out of 99. Saxo Bank is not traded on a competitive and open market. It operates as a bank and is approved by six tier-1 controllers, this means high trust. Additionally they have one tier-2 controller, tier-2 means average trust. But there are no zero tier-3 controllers (low trust).

Saxo Bank is approved by the accompanying tier 1 controller:
– Securities Futures Commission (SFC)
– Australian Securities & Investment Commission (ASIC)
– Japanese Financial Services Authority (JFSA)
– Swiss Financial Market Supervisory Authority (FINMA)
– Financial Conduct Authority (FCA)
– Monetary Authority of Singapore (MAS)

Mobile Trading 

Saxo Bank does a remarkable job tying in excellent research and trading tools into its mobile application, bringing together the solid SaxoTraderGO online platform feel.

Trading tools: The market news, economic calendar, and other research content, together with analysis of pattern recognition from Auto Chartist, all equate the online of the platform.

Charting: The charting capabilities are well equipped with indicators, customizations, and drawing tools, again giving a closely identical experience with the online version of the platform.

Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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Account types: Saxo Bank provides three record types. The basic Classic record needs a minimum deposit of USD 10,000, while the Platinum account created for dynamic traders needs USD 200,000. In 2020, Saxo Bank won the honour of Best VIP Customer Experience. Saxo Bank’s VIP account, which provides the best offer on pricing, is saved for tip-top financial investors who make the least deposit of USD 1,000,000. The exclusion of these high requirements is in Singapore and UK, where the Classic account is accessible with an SGD 3,000 deposit or GBP 500, respectively.

Spreads: Saxo Bank’s main concentration is it’s spread-only valuing, which is without commission and relevant to all traders. All things considered, Saxo Bank’s volume-based estimating incorporates a default commission equivalent that is only 0.5 pips and could be appropriate for traders that are active.

Best execution: Saxo Bank shows a high level of committed to the FX International Code, an advancing interbank standard around execution best-practices and advanced disclosures. The objective of the FX Global Code is to advance transparency and integrity over the global foreign market.

FeatureSaxo Bank
Minimum Deposit$10,000.00
VIP Trader discountsYes

Trading Features of Saxo Bank

FeatureSaxo Bank
Web PlatformYes
Unique Trading PlatformYes
Mobile AppYes
Demo trading accountYes
Watchlists – Total Fields12
Charting – Indicators / StudiesYes, 55
Charting-Drawing ToolsYes, 19
Charting – Trade From ChartYes
MetaTrader4 (MT4)Yes
MetaTrader5 (MT5)No

Is Saxo Bank a trustworthy broker? 

Saxo Bank is considered to be a low risk broker, with a total confidence rating of 98 out of 99. Saxo Bank is not traded on a competitive and open market. It operates as a bank and is approved by six tier-1 controllers, this means high trust. Additionally they have one tier-2 controller, tier-2 means average trust. But there are no zero tier-3 controllers (low trust).

Saxo Bank is approved by the accompanying tier 1 controller:
– Securities Futures Commission (SFC)
– Australian Securities & Investment Commission (ASIC)
– Japanese Financial Services Authority (JFSA)
– Swiss Financial Market Supervisory Authority (FINMA)
– Financial Conduct Authority (FCA)
– Monetary Authority of Singapore (MAS)

Mobile Trading 

Saxo Bank does a remarkable job tying in excellent research and trading tools into its mobile application, bringing together the solid SaxoTraderGO online platform feel.

Trading tools: The market news, economic calendar, and other research content, together with analysis of pattern recognition from Auto Chartist, all equate the online of the platform.

Charting: The charting capabilities are well equipped with indicators, customizations, and drawing tools, again giving a closely identical experience with the online version of the platform.

Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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MetaTrader: For a trader who maintains that they prefer utilizing MetaTrader rather than SaxoTraderGo, the option is accessible; however, it expensive. To utilise MetaTrader with Saxo Bank, a minimum deposit of $20,000 is needed, which likewise incorporates a minimum spend requirement of $2,000 monthly.

What are Saxo Bank’s commissions and fees?

By and large, Saxo Bank gives merchants fantastic all-around valuing. For trading CFDs and forex. Saxo Bank is our top agent in 2020, gaining in front of the rest of the competition in the category of Fees and Commission.

Account types: Saxo Bank provides three record types. The basic Classic record needs a minimum deposit of USD 10,000, while the Platinum account created for dynamic traders needs USD 200,000. In 2020, Saxo Bank won the honour of Best VIP Customer Experience. Saxo Bank’s VIP account, which provides the best offer on pricing, is saved for tip-top financial investors who make the least deposit of USD 1,000,000. The exclusion of these high requirements is in Singapore and UK, where the Classic account is accessible with an SGD 3,000 deposit or GBP 500, respectively.

Spreads: Saxo Bank’s main concentration is it’s spread-only valuing, which is without commission and relevant to all traders. All things considered, Saxo Bank’s volume-based estimating incorporates a default commission equivalent that is only 0.5 pips and could be appropriate for traders that are active.

Best execution: Saxo Bank shows a high level of committed to the FX International Code, an advancing interbank standard around execution best-practices and advanced disclosures. The objective of the FX Global Code is to advance transparency and integrity over the global foreign market.

FeatureSaxo Bank
Minimum Deposit$10,000.00
VIP Trader discountsYes

Trading Features of Saxo Bank

FeatureSaxo Bank
Web PlatformYes
Unique Trading PlatformYes
Mobile AppYes
Demo trading accountYes
Watchlists – Total Fields12
Charting – Indicators / StudiesYes, 55
Charting-Drawing ToolsYes, 19
Charting – Trade From ChartYes
MetaTrader4 (MT4)Yes
MetaTrader5 (MT5)No

Is Saxo Bank a trustworthy broker? 

Saxo Bank is considered to be a low risk broker, with a total confidence rating of 98 out of 99. Saxo Bank is not traded on a competitive and open market. It operates as a bank and is approved by six tier-1 controllers, this means high trust. Additionally they have one tier-2 controller, tier-2 means average trust. But there are no zero tier-3 controllers (low trust).

Saxo Bank is approved by the accompanying tier 1 controller:
– Securities Futures Commission (SFC)
– Australian Securities & Investment Commission (ASIC)
– Japanese Financial Services Authority (JFSA)
– Swiss Financial Market Supervisory Authority (FINMA)
– Financial Conduct Authority (FCA)
– Monetary Authority of Singapore (MAS)

Mobile Trading 

Saxo Bank does a remarkable job tying in excellent research and trading tools into its mobile application, bringing together the solid SaxoTraderGO online platform feel.

Trading tools: The market news, economic calendar, and other research content, together with analysis of pattern recognition from Auto Chartist, all equate the online of the platform.

Charting: The charting capabilities are well equipped with indicators, customizations, and drawing tools, again giving a closely identical experience with the online version of the platform.

Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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Saxo Bank is a genuine multi-asset merchant obliging traders and investors with over 35,000 electronically tradable images over a wide cluster of global markets and resource classes (and an extra 5,000 stocks offline, for an aggregate of 40,000 instruments). In 2020, we have singled-out Saxo Bank as our top broker in this category, completing Best in Class for its provision of Investments. The accompanying table breaks-down the unique investment items accessible to Saxo Bank customers.

FeatureSaxo Bank
Total Forex (currency) pairs182
Total CFDs offered35
Social TradingYes
Copy-TradingYes
Cryptocurrency traded as actualNo
Cryptocurrency traded as CFDNo

Saxo’s trading platforms

Without any shadow of a doubt, Saxo Bank’s exclusive trading platforms, SaxoTraderPRO (desktop) and SaxoTraderGO (web) set the industry standards, on account of their massive trading tools and streamlined designs. While the two platforms are extraordinary, the web rendition is the favoured choice.

SaxoTraderGO: SaxoTraderGO is the broker’s real-time online platform that is structured around ease of use yet is equipped with rich features. Possesses a robust charting, providing about 20 drawing tools and 55 indicators, incorporating Trade Signals from Auto Chartist.

SaxoTraderPRO: The agent’s leading desktop platform is SaxoTraderPRO, which takes after SaxoTraderGO concerning feel and look. Operation is quite the same; nonetheless, the PRO platform makes available a more reliable option of expert trading features. For instance, PRO allows up to six monitors, streaming time, streaming Level 2 order books, algorithmic requests, and sales time. Note, extra data subscriptions are needed to utilize tools such as the streaming order book for Level 2, which is a typical industry practice.

Convenience: Saxo Bank gives a global platform experience and is our chief representative. Top in Ease of Use classification. Menus have a comparative feel, watch lists, and customized charts automatically sync and save up with the mobile-based application. Above all, extraordinary attention to every detail can be seen all through.

MetaTrader: For a trader who maintains that they prefer utilizing MetaTrader rather than SaxoTraderGo, the option is accessible; however, it expensive. To utilise MetaTrader with Saxo Bank, a minimum deposit of $20,000 is needed, which likewise incorporates a minimum spend requirement of $2,000 monthly.

What are Saxo Bank’s commissions and fees?

By and large, Saxo Bank gives merchants fantastic all-around valuing. For trading CFDs and forex. Saxo Bank is our top agent in 2020, gaining in front of the rest of the competition in the category of Fees and Commission.

Account types: Saxo Bank provides three record types. The basic Classic record needs a minimum deposit of USD 10,000, while the Platinum account created for dynamic traders needs USD 200,000. In 2020, Saxo Bank won the honour of Best VIP Customer Experience. Saxo Bank’s VIP account, which provides the best offer on pricing, is saved for tip-top financial investors who make the least deposit of USD 1,000,000. The exclusion of these high requirements is in Singapore and UK, where the Classic account is accessible with an SGD 3,000 deposit or GBP 500, respectively.

Spreads: Saxo Bank’s main concentration is it’s spread-only valuing, which is without commission and relevant to all traders. All things considered, Saxo Bank’s volume-based estimating incorporates a default commission equivalent that is only 0.5 pips and could be appropriate for traders that are active.

Best execution: Saxo Bank shows a high level of committed to the FX International Code, an advancing interbank standard around execution best-practices and advanced disclosures. The objective of the FX Global Code is to advance transparency and integrity over the global foreign market.

FeatureSaxo Bank
Minimum Deposit$10,000.00
VIP Trader discountsYes

Trading Features of Saxo Bank

FeatureSaxo Bank
Web PlatformYes
Unique Trading PlatformYes
Mobile AppYes
Demo trading accountYes
Watchlists – Total Fields12
Charting – Indicators / StudiesYes, 55
Charting-Drawing ToolsYes, 19
Charting – Trade From ChartYes
MetaTrader4 (MT4)Yes
MetaTrader5 (MT5)No

Is Saxo Bank a trustworthy broker? 

Saxo Bank is considered to be a low risk broker, with a total confidence rating of 98 out of 99. Saxo Bank is not traded on a competitive and open market. It operates as a bank and is approved by six tier-1 controllers, this means high trust. Additionally they have one tier-2 controller, tier-2 means average trust. But there are no zero tier-3 controllers (low trust).

Saxo Bank is approved by the accompanying tier 1 controller:
– Securities Futures Commission (SFC)
– Australian Securities & Investment Commission (ASIC)
– Japanese Financial Services Authority (JFSA)
– Swiss Financial Market Supervisory Authority (FINMA)
– Financial Conduct Authority (FCA)
– Monetary Authority of Singapore (MAS)

Mobile Trading 

Saxo Bank does a remarkable job tying in excellent research and trading tools into its mobile application, bringing together the solid SaxoTraderGO online platform feel.

Trading tools: The market news, economic calendar, and other research content, together with analysis of pattern recognition from Auto Chartist, all equate the online of the platform.

Charting: The charting capabilities are well equipped with indicators, customizations, and drawing tools, again giving a closely identical experience with the online version of the platform.

Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

[/vc_column_text][/vc_column][/vc_row]

Saxo Bank is a genuine multi-asset merchant obliging traders and investors with over 35,000 electronically tradable images over a wide cluster of global markets and resource classes (and an extra 5,000 stocks offline, for an aggregate of 40,000 instruments). In 2020, we have singled-out Saxo Bank as our top broker in this category, completing Best in Class for its provision of Investments. The accompanying table breaks-down the unique investment items accessible to Saxo Bank customers.

FeatureSaxo Bank
Total Forex (currency) pairs182
Total CFDs offered35
Social TradingYes
Copy-TradingYes
Cryptocurrency traded as actualNo
Cryptocurrency traded as CFDNo

Saxo’s trading platforms

Without any shadow of a doubt, Saxo Bank’s exclusive trading platforms, SaxoTraderPRO (desktop) and SaxoTraderGO (web) set the industry standards, on account of their massive trading tools and streamlined designs. While the two platforms are extraordinary, the web rendition is the favoured choice.

SaxoTraderGO: SaxoTraderGO is the broker’s real-time online platform that is structured around ease of use yet is equipped with rich features. Possesses a robust charting, providing about 20 drawing tools and 55 indicators, incorporating Trade Signals from Auto Chartist.

SaxoTraderPRO: The agent’s leading desktop platform is SaxoTraderPRO, which takes after SaxoTraderGO concerning feel and look. Operation is quite the same; nonetheless, the PRO platform makes available a more reliable option of expert trading features. For instance, PRO allows up to six monitors, streaming time, streaming Level 2 order books, algorithmic requests, and sales time. Note, extra data subscriptions are needed to utilize tools such as the streaming order book for Level 2, which is a typical industry practice.

Convenience: Saxo Bank gives a global platform experience and is our chief representative. Top in Ease of Use classification. Menus have a comparative feel, watch lists, and customized charts automatically sync and save up with the mobile-based application. Above all, extraordinary attention to every detail can be seen all through.

MetaTrader: For a trader who maintains that they prefer utilizing MetaTrader rather than SaxoTraderGo, the option is accessible; however, it expensive. To utilise MetaTrader with Saxo Bank, a minimum deposit of $20,000 is needed, which likewise incorporates a minimum spend requirement of $2,000 monthly.

What are Saxo Bank’s commissions and fees?

By and large, Saxo Bank gives merchants fantastic all-around valuing. For trading CFDs and forex. Saxo Bank is our top agent in 2020, gaining in front of the rest of the competition in the category of Fees and Commission.

Account types: Saxo Bank provides three record types. The basic Classic record needs a minimum deposit of USD 10,000, while the Platinum account created for dynamic traders needs USD 200,000. In 2020, Saxo Bank won the honour of Best VIP Customer Experience. Saxo Bank’s VIP account, which provides the best offer on pricing, is saved for tip-top financial investors who make the least deposit of USD 1,000,000. The exclusion of these high requirements is in Singapore and UK, where the Classic account is accessible with an SGD 3,000 deposit or GBP 500, respectively.

Spreads: Saxo Bank’s main concentration is it’s spread-only valuing, which is without commission and relevant to all traders. All things considered, Saxo Bank’s volume-based estimating incorporates a default commission equivalent that is only 0.5 pips and could be appropriate for traders that are active.

Best execution: Saxo Bank shows a high level of committed to the FX International Code, an advancing interbank standard around execution best-practices and advanced disclosures. The objective of the FX Global Code is to advance transparency and integrity over the global foreign market.

FeatureSaxo Bank
Minimum Deposit$10,000.00
VIP Trader discountsYes

Trading Features of Saxo Bank

FeatureSaxo Bank
Web PlatformYes
Unique Trading PlatformYes
Mobile AppYes
Demo trading accountYes
Watchlists – Total Fields12
Charting – Indicators / StudiesYes, 55
Charting-Drawing ToolsYes, 19
Charting – Trade From ChartYes
MetaTrader4 (MT4)Yes
MetaTrader5 (MT5)No

Is Saxo Bank a trustworthy broker? 

Saxo Bank is considered to be a low risk broker, with a total confidence rating of 98 out of 99. Saxo Bank is not traded on a competitive and open market. It operates as a bank and is approved by six tier-1 controllers, this means high trust. Additionally they have one tier-2 controller, tier-2 means average trust. But there are no zero tier-3 controllers (low trust).

Saxo Bank is approved by the accompanying tier 1 controller:
– Securities Futures Commission (SFC)
– Australian Securities & Investment Commission (ASIC)
– Japanese Financial Services Authority (JFSA)
– Swiss Financial Market Supervisory Authority (FINMA)
– Financial Conduct Authority (FCA)
– Monetary Authority of Singapore (MAS)

Mobile Trading 

Saxo Bank does a remarkable job tying in excellent research and trading tools into its mobile application, bringing together the solid SaxoTraderGO online platform feel.

Trading tools: The market news, economic calendar, and other research content, together with analysis of pattern recognition from Auto Chartist, all equate the online of the platform.

Charting: The charting capabilities are well equipped with indicators, customizations, and drawing tools, again giving a closely identical experience with the online version of the platform.

Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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Founded in 1992, Saxo Bank (large part-owned by China-based Geely Holding Group) is one of the top multi-asset brokerages and retail forex with controlled substances across 15 universal locations, including the Denmark, UK, and Singapore. Taking into account both institutional and retail customers, Saxo Bank handles more than one million exchanges for each day. It holds €46 billion in assets under management (AUM), coordinating 860,000 customers as of June 30th, 2019, after it purchased BinckBank.

Saxo Bank provides traders with almost every e-traded asset class, including FX options, spot FX, Contracts for Difference (CFDs), non-deliverable forwards (NDFs), stocks, Exchange Traded Funds (ETFs), stock options, Exchange Traded Notes (ETNs) including futures, cryptos, bonds, and contract options.

  1. Established in 1992, Saxo Bank is known by many to be a regulated bank and authorized in six tier-1 jurisdictions, thereby seeing it as a low-risk broker for CFDs exchanging and forex.
  2. Saxo Bank is recognized as a high-class broker, demanding a USD 10,000 least deposit (SGD 3,000 for Singapore, GBP 500 for the UK) to create a starter “Classic” account. Saxo Bank’s VIP and Platinum accounts need 1,000,000 and USD 200,000, respectively. On the off chance that the least amount deposited is a challenge, think about CMC or IG Markets.
  3. Least deposit apart, the whole Saxo Trader customer experience is entirely splendid. Coupled with access to exchanging 40,000 instruments, Saxo Bank provides dependable client assistance and astounding pricing all through the board. Even better, Saxo Bank’s leader stage, SaxoTraderGo, is incredible, including everything brokers require to explore the market.

Financial assets 

Saxo Bank is a genuine multi-asset merchant obliging traders and investors with over 35,000 electronically tradable images over a wide cluster of global markets and resource classes (and an extra 5,000 stocks offline, for an aggregate of 40,000 instruments). In 2020, we have singled-out Saxo Bank as our top broker in this category, completing Best in Class for its provision of Investments. The accompanying table breaks-down the unique investment items accessible to Saxo Bank customers.

FeatureSaxo Bank
Total Forex (currency) pairs182
Total CFDs offered35
Social TradingYes
Copy-TradingYes
Cryptocurrency traded as actualNo
Cryptocurrency traded as CFDNo

Saxo’s trading platforms

Without any shadow of a doubt, Saxo Bank’s exclusive trading platforms, SaxoTraderPRO (desktop) and SaxoTraderGO (web) set the industry standards, on account of their massive trading tools and streamlined designs. While the two platforms are extraordinary, the web rendition is the favoured choice.

SaxoTraderGO: SaxoTraderGO is the broker’s real-time online platform that is structured around ease of use yet is equipped with rich features. Possesses a robust charting, providing about 20 drawing tools and 55 indicators, incorporating Trade Signals from Auto Chartist.

SaxoTraderPRO: The agent’s leading desktop platform is SaxoTraderPRO, which takes after SaxoTraderGO concerning feel and look. Operation is quite the same; nonetheless, the PRO platform makes available a more reliable option of expert trading features. For instance, PRO allows up to six monitors, streaming time, streaming Level 2 order books, algorithmic requests, and sales time. Note, extra data subscriptions are needed to utilize tools such as the streaming order book for Level 2, which is a typical industry practice.

Convenience: Saxo Bank gives a global platform experience and is our chief representative. Top in Ease of Use classification. Menus have a comparative feel, watch lists, and customized charts automatically sync and save up with the mobile-based application. Above all, extraordinary attention to every detail can be seen all through.

MetaTrader: For a trader who maintains that they prefer utilizing MetaTrader rather than SaxoTraderGo, the option is accessible; however, it expensive. To utilise MetaTrader with Saxo Bank, a minimum deposit of $20,000 is needed, which likewise incorporates a minimum spend requirement of $2,000 monthly.

What are Saxo Bank’s commissions and fees?

By and large, Saxo Bank gives merchants fantastic all-around valuing. For trading CFDs and forex. Saxo Bank is our top agent in 2020, gaining in front of the rest of the competition in the category of Fees and Commission.

Account types: Saxo Bank provides three record types. The basic Classic record needs a minimum deposit of USD 10,000, while the Platinum account created for dynamic traders needs USD 200,000. In 2020, Saxo Bank won the honour of Best VIP Customer Experience. Saxo Bank’s VIP account, which provides the best offer on pricing, is saved for tip-top financial investors who make the least deposit of USD 1,000,000. The exclusion of these high requirements is in Singapore and UK, where the Classic account is accessible with an SGD 3,000 deposit or GBP 500, respectively.

Spreads: Saxo Bank’s main concentration is it’s spread-only valuing, which is without commission and relevant to all traders. All things considered, Saxo Bank’s volume-based estimating incorporates a default commission equivalent that is only 0.5 pips and could be appropriate for traders that are active.

Best execution: Saxo Bank shows a high level of committed to the FX International Code, an advancing interbank standard around execution best-practices and advanced disclosures. The objective of the FX Global Code is to advance transparency and integrity over the global foreign market.

FeatureSaxo Bank
Minimum Deposit$10,000.00
VIP Trader discountsYes

Trading Features of Saxo Bank

FeatureSaxo Bank
Web PlatformYes
Unique Trading PlatformYes
Mobile AppYes
Demo trading accountYes
Watchlists – Total Fields12
Charting – Indicators / StudiesYes, 55
Charting-Drawing ToolsYes, 19
Charting – Trade From ChartYes
MetaTrader4 (MT4)Yes
MetaTrader5 (MT5)No

Is Saxo Bank a trustworthy broker? 

Saxo Bank is considered to be a low risk broker, with a total confidence rating of 98 out of 99. Saxo Bank is not traded on a competitive and open market. It operates as a bank and is approved by six tier-1 controllers, this means high trust. Additionally they have one tier-2 controller, tier-2 means average trust. But there are no zero tier-3 controllers (low trust).

Saxo Bank is approved by the accompanying tier 1 controller:
– Securities Futures Commission (SFC)
– Australian Securities & Investment Commission (ASIC)
– Japanese Financial Services Authority (JFSA)
– Swiss Financial Market Supervisory Authority (FINMA)
– Financial Conduct Authority (FCA)
– Monetary Authority of Singapore (MAS)

Mobile Trading 

Saxo Bank does a remarkable job tying in excellent research and trading tools into its mobile application, bringing together the solid SaxoTraderGO online platform feel.

Trading tools: The market news, economic calendar, and other research content, together with analysis of pattern recognition from Auto Chartist, all equate the online of the platform.

Charting: The charting capabilities are well equipped with indicators, customizations, and drawing tools, again giving a closely identical experience with the online version of the platform.

Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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Founded in 1992, Saxo Bank (large part-owned by China-based Geely Holding Group) is one of the top multi-asset brokerages and retail forex with controlled substances across 15 universal locations, including the Denmark, UK, and Singapore. Taking into account both institutional and retail customers, Saxo Bank handles more than one million exchanges for each day. It holds €46 billion in assets under management (AUM), coordinating 860,000 customers as of June 30th, 2019, after it purchased BinckBank.

Saxo Bank provides traders with almost every e-traded asset class, including FX options, spot FX, Contracts for Difference (CFDs), non-deliverable forwards (NDFs), stocks, Exchange Traded Funds (ETFs), stock options, Exchange Traded Notes (ETNs) including futures, cryptos, bonds, and contract options.

  1. Established in 1992, Saxo Bank is known by many to be a regulated bank and authorized in six tier-1 jurisdictions, thereby seeing it as a low-risk broker for CFDs exchanging and forex.
  2. Saxo Bank is recognized as a high-class broker, demanding a USD 10,000 least deposit (SGD 3,000 for Singapore, GBP 500 for the UK) to create a starter “Classic” account. Saxo Bank’s VIP and Platinum accounts need 1,000,000 and USD 200,000, respectively. On the off chance that the least amount deposited is a challenge, think about CMC or IG Markets.
  3. Least deposit apart, the whole Saxo Trader customer experience is entirely splendid. Coupled with access to exchanging 40,000 instruments, Saxo Bank provides dependable client assistance and astounding pricing all through the board. Even better, Saxo Bank’s leader stage, SaxoTraderGo, is incredible, including everything brokers require to explore the market.

Financial assets 

Saxo Bank is a genuine multi-asset merchant obliging traders and investors with over 35,000 electronically tradable images over a wide cluster of global markets and resource classes (and an extra 5,000 stocks offline, for an aggregate of 40,000 instruments). In 2020, we have singled-out Saxo Bank as our top broker in this category, completing Best in Class for its provision of Investments. The accompanying table breaks-down the unique investment items accessible to Saxo Bank customers.

FeatureSaxo Bank
Total Forex (currency) pairs182
Total CFDs offered35
Social TradingYes
Copy-TradingYes
Cryptocurrency traded as actualNo
Cryptocurrency traded as CFDNo

Saxo’s trading platforms

Without any shadow of a doubt, Saxo Bank’s exclusive trading platforms, SaxoTraderPRO (desktop) and SaxoTraderGO (web) set the industry standards, on account of their massive trading tools and streamlined designs. While the two platforms are extraordinary, the web rendition is the favoured choice.

SaxoTraderGO: SaxoTraderGO is the broker’s real-time online platform that is structured around ease of use yet is equipped with rich features. Possesses a robust charting, providing about 20 drawing tools and 55 indicators, incorporating Trade Signals from Auto Chartist.

SaxoTraderPRO: The agent’s leading desktop platform is SaxoTraderPRO, which takes after SaxoTraderGO concerning feel and look. Operation is quite the same; nonetheless, the PRO platform makes available a more reliable option of expert trading features. For instance, PRO allows up to six monitors, streaming time, streaming Level 2 order books, algorithmic requests, and sales time. Note, extra data subscriptions are needed to utilize tools such as the streaming order book for Level 2, which is a typical industry practice.

Convenience: Saxo Bank gives a global platform experience and is our chief representative. Top in Ease of Use classification. Menus have a comparative feel, watch lists, and customized charts automatically sync and save up with the mobile-based application. Above all, extraordinary attention to every detail can be seen all through.

MetaTrader: For a trader who maintains that they prefer utilizing MetaTrader rather than SaxoTraderGo, the option is accessible; however, it expensive. To utilise MetaTrader with Saxo Bank, a minimum deposit of $20,000 is needed, which likewise incorporates a minimum spend requirement of $2,000 monthly.

What are Saxo Bank’s commissions and fees?

By and large, Saxo Bank gives merchants fantastic all-around valuing. For trading CFDs and forex. Saxo Bank is our top agent in 2020, gaining in front of the rest of the competition in the category of Fees and Commission.

Account types: Saxo Bank provides three record types. The basic Classic record needs a minimum deposit of USD 10,000, while the Platinum account created for dynamic traders needs USD 200,000. In 2020, Saxo Bank won the honour of Best VIP Customer Experience. Saxo Bank’s VIP account, which provides the best offer on pricing, is saved for tip-top financial investors who make the least deposit of USD 1,000,000. The exclusion of these high requirements is in Singapore and UK, where the Classic account is accessible with an SGD 3,000 deposit or GBP 500, respectively.

Spreads: Saxo Bank’s main concentration is it’s spread-only valuing, which is without commission and relevant to all traders. All things considered, Saxo Bank’s volume-based estimating incorporates a default commission equivalent that is only 0.5 pips and could be appropriate for traders that are active.

Best execution: Saxo Bank shows a high level of committed to the FX International Code, an advancing interbank standard around execution best-practices and advanced disclosures. The objective of the FX Global Code is to advance transparency and integrity over the global foreign market.

FeatureSaxo Bank
Minimum Deposit$10,000.00
VIP Trader discountsYes

Trading Features of Saxo Bank

FeatureSaxo Bank
Web PlatformYes
Unique Trading PlatformYes
Mobile AppYes
Demo trading accountYes
Watchlists – Total Fields12
Charting – Indicators / StudiesYes, 55
Charting-Drawing ToolsYes, 19
Charting – Trade From ChartYes
MetaTrader4 (MT4)Yes
MetaTrader5 (MT5)No

Is Saxo Bank a trustworthy broker? 

Saxo Bank is considered to be a low risk broker, with a total confidence rating of 98 out of 99. Saxo Bank is not traded on a competitive and open market. It operates as a bank and is approved by six tier-1 controllers, this means high trust. Additionally they have one tier-2 controller, tier-2 means average trust. But there are no zero tier-3 controllers (low trust).

Saxo Bank is approved by the accompanying tier 1 controller:
– Securities Futures Commission (SFC)
– Australian Securities & Investment Commission (ASIC)
– Japanese Financial Services Authority (JFSA)
– Swiss Financial Market Supervisory Authority (FINMA)
– Financial Conduct Authority (FCA)
– Monetary Authority of Singapore (MAS)

Mobile Trading 

Saxo Bank does a remarkable job tying in excellent research and trading tools into its mobile application, bringing together the solid SaxoTraderGO online platform feel.

Trading tools: The market news, economic calendar, and other research content, together with analysis of pattern recognition from Auto Chartist, all equate the online of the platform.

Charting: The charting capabilities are well equipped with indicators, customizations, and drawing tools, again giving a closely identical experience with the online version of the platform.

Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

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It is time for our Saxo Bank broker review. This Saxo Bank broker review 2020 will show you all you need to know before you start investing via this broker. Saxo Bank is one of the top international brokers. In 2020 they won the Best Customer Service Award, after winning several awards in recent years. In this broker review, you will find out why Saxo Bank is known as one of the low-risk brokers out there. Saxo Bank puts together leading third-party dealers and excellent internal analysis. Saxo Bank is an ideal broker for both new and professional traders.

Details of Saxo Bank

Founded in 1992, Saxo Bank (large part-owned by China-based Geely Holding Group) is one of the top multi-asset brokerages and retail forex with controlled substances across 15 universal locations, including the Denmark, UK, and Singapore. Taking into account both institutional and retail customers, Saxo Bank handles more than one million exchanges for each day. It holds €46 billion in assets under management (AUM), coordinating 860,000 customers as of June 30th, 2019, after it purchased BinckBank.

Saxo Bank provides traders with almost every e-traded asset class, including FX options, spot FX, Contracts for Difference (CFDs), non-deliverable forwards (NDFs), stocks, Exchange Traded Funds (ETFs), stock options, Exchange Traded Notes (ETNs) including futures, cryptos, bonds, and contract options.

  1. Established in 1992, Saxo Bank is known by many to be a regulated bank and authorized in six tier-1 jurisdictions, thereby seeing it as a low-risk broker for CFDs exchanging and forex.
  2. Saxo Bank is recognized as a high-class broker, demanding a USD 10,000 least deposit (SGD 3,000 for Singapore, GBP 500 for the UK) to create a starter “Classic” account. Saxo Bank’s VIP and Platinum accounts need 1,000,000 and USD 200,000, respectively. On the off chance that the least amount deposited is a challenge, think about CMC or IG Markets.
  3. Least deposit apart, the whole Saxo Trader customer experience is entirely splendid. Coupled with access to exchanging 40,000 instruments, Saxo Bank provides dependable client assistance and astounding pricing all through the board. Even better, Saxo Bank’s leader stage, SaxoTraderGo, is incredible, including everything brokers require to explore the market.

Financial assets 

Saxo Bank is a genuine multi-asset merchant obliging traders and investors with over 35,000 electronically tradable images over a wide cluster of global markets and resource classes (and an extra 5,000 stocks offline, for an aggregate of 40,000 instruments). In 2020, we have singled-out Saxo Bank as our top broker in this category, completing Best in Class for its provision of Investments. The accompanying table breaks-down the unique investment items accessible to Saxo Bank customers.

FeatureSaxo Bank
Total Forex (currency) pairs182
Total CFDs offered35
Social TradingYes
Copy-TradingYes
Cryptocurrency traded as actualNo
Cryptocurrency traded as CFDNo

Saxo’s trading platforms

Without any shadow of a doubt, Saxo Bank’s exclusive trading platforms, SaxoTraderPRO (desktop) and SaxoTraderGO (web) set the industry standards, on account of their massive trading tools and streamlined designs. While the two platforms are extraordinary, the web rendition is the favoured choice.

SaxoTraderGO: SaxoTraderGO is the broker’s real-time online platform that is structured around ease of use yet is equipped with rich features. Possesses a robust charting, providing about 20 drawing tools and 55 indicators, incorporating Trade Signals from Auto Chartist.

SaxoTraderPRO: The agent’s leading desktop platform is SaxoTraderPRO, which takes after SaxoTraderGO concerning feel and look. Operation is quite the same; nonetheless, the PRO platform makes available a more reliable option of expert trading features. For instance, PRO allows up to six monitors, streaming time, streaming Level 2 order books, algorithmic requests, and sales time. Note, extra data subscriptions are needed to utilize tools such as the streaming order book for Level 2, which is a typical industry practice.

Convenience: Saxo Bank gives a global platform experience and is our chief representative. Top in Ease of Use classification. Menus have a comparative feel, watch lists, and customized charts automatically sync and save up with the mobile-based application. Above all, extraordinary attention to every detail can be seen all through.

MetaTrader: For a trader who maintains that they prefer utilizing MetaTrader rather than SaxoTraderGo, the option is accessible; however, it expensive. To utilise MetaTrader with Saxo Bank, a minimum deposit of $20,000 is needed, which likewise incorporates a minimum spend requirement of $2,000 monthly.

What are Saxo Bank’s commissions and fees?

By and large, Saxo Bank gives merchants fantastic all-around valuing. For trading CFDs and forex. Saxo Bank is our top agent in 2020, gaining in front of the rest of the competition in the category of Fees and Commission.

Account types: Saxo Bank provides three record types. The basic Classic record needs a minimum deposit of USD 10,000, while the Platinum account created for dynamic traders needs USD 200,000. In 2020, Saxo Bank won the honour of Best VIP Customer Experience. Saxo Bank’s VIP account, which provides the best offer on pricing, is saved for tip-top financial investors who make the least deposit of USD 1,000,000. The exclusion of these high requirements is in Singapore and UK, where the Classic account is accessible with an SGD 3,000 deposit or GBP 500, respectively.

Spreads: Saxo Bank’s main concentration is it’s spread-only valuing, which is without commission and relevant to all traders. All things considered, Saxo Bank’s volume-based estimating incorporates a default commission equivalent that is only 0.5 pips and could be appropriate for traders that are active.

Best execution: Saxo Bank shows a high level of committed to the FX International Code, an advancing interbank standard around execution best-practices and advanced disclosures. The objective of the FX Global Code is to advance transparency and integrity over the global foreign market.

FeatureSaxo Bank
Minimum Deposit$10,000.00
VIP Trader discountsYes

Trading Features of Saxo Bank

FeatureSaxo Bank
Web PlatformYes
Unique Trading PlatformYes
Mobile AppYes
Demo trading accountYes
Watchlists – Total Fields12
Charting – Indicators / StudiesYes, 55
Charting-Drawing ToolsYes, 19
Charting – Trade From ChartYes
MetaTrader4 (MT4)Yes
MetaTrader5 (MT5)No

Is Saxo Bank a trustworthy broker? 

Saxo Bank is considered to be a low risk broker, with a total confidence rating of 98 out of 99. Saxo Bank is not traded on a competitive and open market. It operates as a bank and is approved by six tier-1 controllers, this means high trust. Additionally they have one tier-2 controller, tier-2 means average trust. But there are no zero tier-3 controllers (low trust).

Saxo Bank is approved by the accompanying tier 1 controller:
– Securities Futures Commission (SFC)
– Australian Securities & Investment Commission (ASIC)
– Japanese Financial Services Authority (JFSA)
– Swiss Financial Market Supervisory Authority (FINMA)
– Financial Conduct Authority (FCA)
– Monetary Authority of Singapore (MAS)

Mobile Trading 

Saxo Bank does a remarkable job tying in excellent research and trading tools into its mobile application, bringing together the solid SaxoTraderGO online platform feel.

Trading tools: The market news, economic calendar, and other research content, together with analysis of pattern recognition from Auto Chartist, all equate the online of the platform.

Charting: The charting capabilities are well equipped with indicators, customizations, and drawing tools, again giving a closely identical experience with the online version of the platform.

Syncing: Mobile charts in SaxoTraderGO mobile has the capability to sync with the online version of the platform. For instance, if you add indicators in the online version and draw trend-lines, they show up in the mobile app (and vice-versa).

Saxo Bank Mobile App Features

FeatureSaxo Bank
Android AppYes
Apple iOS AppYes
Trading – ForexYes
Trading – CFDsYes
Alerts – Basic FieldsYes
Watch ListYes
Watch List SyncingYes
Charting–Indicators / Studies41
Charting – Draw Trend LinesYes
Charting– Trend Lines MoveableYes
Charting – Multiple Time FramesYes
Charting– Drawings AutosaveYes
Forex CalendarYes

Customer Service

To rate client Service, ForexReview cooperated with client experience research group Customerwise to carry out telephone tests from various locations.

Results

Average Connection Time: <1 minute
Avg Net Promoter Score: 7.8 / 10
Average Professionalism Score: 7.9 / 10
Overall Score: 8.21 / 10

Research

Saxo Bank puts together notable third-party dealers and excellent in-house research to provide magnificent research experience.

Scope of content: Saxo offers a rich, assorted research offering over its platforms and websites. Research ranges from in-house professionals who publish day by day analysis via the portal of Saxo Bank’s Market Analysis to resources made available by gave by various third-party agents.

Usability: Saxo Bank does a perfect job of bringing together its research inside the SaxoTraderGo online platform. Third-party research agents incorporate streaming financial news and Auto Chartist (mechanized trade signals) from NewsEdge and RanSquawk. To discover errors, we needed to get fastidious; for instance, while there is a coordinated financial schedule, it isn’t interactive.

SaxoTraderPRO: Saxo Bank’s work desktop platform provides considerably more research tools than its web companion, including level 2 order books, screeners, and equity research data from FactSet.

Reports: Saxo Bank’s research group conveys yearly forecast reports and quarterly outlooks in pdf format. Also, related web recordings with complementary articles are made available, supplementing the day by day coverage from inside the Market Analysis section.

Conclusion

Saxo Bank does a splendid job of bringing together its web, mobile, and desktop platforms. Aside from the fact that the customer experience is flawless, it is additionally well equipped with research and tools all through.

For brokers that can bear the cost of the expensive minimum deposit, Saxo Bank gives a total bundle worth being a client for, under a worldwide brand that merchants can trust. Saxo Bank completed Best in Class over a noteworthy twelve groupings (more than some other trader) while taking top place over four of them year-over-year in 2020.

On a final note, Saxo Bank is suitable for both experienced and inexperienced traders. I hope this Saxo Bank broker review will go a long way to help you in making the best decision when choosing a low-risk broker. Register with Saxo Bank today, and you won’t regret your decision.

Want to compare Saxo Bank broker review to IG broker review? Get all the ins and outs about trading with IG here.

 

Good

  • Best customer service
  • Great platform and trading tools
  • Regulated by many authorities
  • Great education tools

Bad

  • High minimum deposit
8.6
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