Saxo Bank A/S Review

Founded in 1992
Headquarters in Denmark
Description: 

Saxo Bank Review – 2019, last updated on 31st of October.

 

The home of online trading and investing, Saxo Bank. The broker offers a variety of products, platforms and pricing which will be explained below

 

It’s not just a Forex Broker, it’s the (forex) broker.

 

1.    Platforms

Saxo Bank has two different Trading and Investment Platforms you can pick from depending on your preference and financial style:

SaxoTraderGo – For those on the move and popular amongst cross device traders

SaxoTraderPro – For the highly professional traders

In Denmark and Singpore, SaxoInvestor is also available for all investors.

This platform is streamlined and tailored to cash products and will become available in more markets over time.

1,1 SaxoTraderGo

The bulk of traders and investors will prefer SaxoTraderGo due to It’s easy to use, fast pace and adaptable features. If you require a fast and accessible platform on any device, at any location, then this is it.

SaxoTraderGo supports all products and asset classes via its web-based application for PC’s, Mac’s, Tablets and IOS and Android smartphones.

This includes Forex, FX options, CFDs, stocks, ETFs, futures, listed options and bonds, all from a single cross-margin, multi-currency account.

Access a staggering 35,00 plus instruments across all asset classes you are familiar with without any platform subscription fees.

Make use of the platform’s simple navigation to place orders and create charts in a few clicks. Available in over 10 languages and 20 currencies.

Read more on the SaxoTraderGO platform here

 

1,2 SaxoTraderPro

The high level prefessionals and daytraders are more likely to choose our downloadable SaxoTraderPro platform. Fully customizable to your needs, it’s an intuitive multi-screen setup brought to PC’s and Mac’s.

Features you will most certainly be using:

·         Enhanced trade ticket

·         News and expert research

·         Fundamental analysis tools

·         Technical analysis tools

·         Extensive charting package

·         Option chain

·         Access news and analysis from our in-house experts and leading third-party providers, directly in the platform.

·        Innovative risk-management features

·        Discover unique tools to manage your risk and control your positions.

Don’t forget, that while you are on the move, you have SaxoTraderGo access at any time as well.

 

Read more on the SaxoTraderPro platform here

 

Products

Trade, and invest in, over 35,000 instruments across 8 asset classes under one account:

-          Forex, Trade 182 FX spot pairs and 140 forwards

-          CFDs, access over 9,000+ CFDs across stocks, indices, FX, commodities and bonds.

-          Stocks, take your pick from 19,000 stocks on 36 global exchanges.

-          ETFs, go through an extensive list of 3,101 ETFs and ETCs, plus ETNs.

-          FX options, available on both Puts and calls for 40 FX vanilla options.

-          Listed options, consider over 1,200+ equity, index and futures options including metals, energy and rates.

-          Futures, decide on 200+ futures across 23 global exchanges and a range of asset classes.

-          Bonds, invest in 5,000 bonds from 26 countries and in 21 different currencies.

 

Pricing

Each market and office Saxo Bank and it’s subsidiaries operate in, offer different pricing. Below the Danish, United Kingdom, Singaporean and Australian market prices for Forex, CFD’s and Stocks.

 

DK pricing

FX

INSTRUMENTS                            Starting as low as

 EUR USD                                       0,4

 USD JPY                                         0,4

 XAU USD                                       0,08

 EUR JPY                                         0,6

 EUR NOK                                      17,5

 GBP USD                                       0,4

 

CFD

Instrument                                   Starting as low as

 Germany 30                                 0,9

 US Tech 100 NAS                       0,5

 US 30                                              1,5

 US 500                                           0,4

 USA aktie CFD'er                       0,05% (min. USD 15)

 Denmark 20 Cap                        0,75

 US Crude Oil                                0,03

 

Stocks

Instrument                                   Starting as low as

Danmark                                        0,035% (min. DKK 0

Tyskland                                        0,1% (min. EUR 0)

Norge                                             0,35% (min. NOK 0)

USA (aktiekurs > USD 10)         0,05% (min. USD 0)

Storbrittanien                             0,10% (min. GBP 0)

 

 

UK pricing

 

Ultra-competitive FX pricing

We offer three levels of pricing depending on your initial funding and trading volume.

 

Trade forex from 0.4 pips

FX                        Starting as low as

GBP USD           0.4

 EUR USD          0.4

 USD JPY            0.4

 AUD USD         0.3

 EUR JPY            0.4

 XAU USD          0.08

 

CFD

Instrument                                   Starting as low as

 UK Stocks                                     0.05% (min. GBP 5)

 UK100                                            0.8

 US Stocks                                     0.01 USD/share (min. USD 3)

 US500                                            0.4

 Gold                                               0.5

Stocks                                            

Instrument                                   Starting as low as

 UK Stocks                                     0.05% (min. GBP 5)

 UK100                                            0.8

 US Stocks                                     0.01 USD/share (min. USD 3)

 US500                                            0.4

 Gold                                               0.5

 

 

 

SG pricing

Forex

Instrument                                   Starting as low as

 EUR USD                                       0.4

 USD JPY                                         0.4

 GBP USD                                       0.4

 AUD USD                                      0.3

 EUR JPY                                         0.4

 XAU USD                                       0.08

 

CFD

Instrument                                   Starting as low as

 US stocks                                      0.04% (min. USD 3, max. USD 100)**

 US 30                                              1.4

 Japan 225                                     7.0

 HK 50                                              5.0

 US 500                                           0.4

 Germany 30                                 0.9

 Gold                                               0.5

 

 

Stocks

Exchange                                                                    Starting as low as

NASDAQ                                                                     0.04% (min. USD 3, max. USD 100)**

NYSE MKT                                                                  0.04% (min. USD 3, max. USD 100)**

New York Stock Exchange                                    0.04% (min. USD 3, max. USD 100)**

Singapore Exchange                                               0.08% (min. SGD 10)

Hong Kong Exchange                                             0.10% (min. HKD 60)

Australian Securities Exchange                          0.05% (min. AUD 6)

Tokyo Stock Exchange                                           0.10% (min. JPY 1,000)

 

AU pricing

FX

INSTRUMENTS                            Starting as low as

 AUD USD                                      0.3

 EUR USD                                       0.4

 USD JPY                                         0.4

 GBP USD                                       0.4

 EUR JPY                                         0.4

 XAU USD                                       0.08

 

CFD

nstrument                                    Starting as low as

 AU Securities Exchange          0.05% (min. AUD 6)

 US stocks                                      0.01 USD/share (min. USD 3)

 US500                                            0.4

 UK stocks                                     0.05% (min. GBP 5)

 UK100                                            0.85

 Gold                                               0.5

 

Stocks

Exchange                                                                                                 Starting as low as

Australian Securities Exchanges (Custodian)                             0.05% (min. AUD 6.99)

Australian Securities Exchanges (CHESS)                                    0.06% (min. AUD 14.90)

NASDAQ                                                                                                  0.01 USD/share (min. USD 3)

NYSE MKT                                                                                               0.01 USD/share (min. USD 3)

Deutsche Börse (XETRA)                                                                   0.05% (min. EUR 6)

London Stock Exchange                                                                     0.05% (min. GBP 5)

Milan Stock Exchange                                                                        0.06% (min. EUR 8)

NYSE Euronext Paris                                                                            0.05% (min. EUR 6)

Singapore Exchange                                                                            0.10% (min. SGD 15)

Still not convinced?

Fully regulated, globally trusted

When you choose Saxo, you’re choosing to trade with a fully regulated industry leader, who adheres to strict regulatory requirements in in 15 jurisdictions, including Denmark, the UK and Singapore.

Protecting your funds

Ensuring Saxo Bank clients’ funds are protected is of the utmost importance to Saxo Bank A/S. When you make a deposit into a Saxo account, your money is guaranteed according to the relevant compensation scheme within your jurisdiction.

 

Robust financial strength

When you open a Saxo account, you’re joining a financially stable partner, who serves clients in over 120 countries, holds USD 16 billion assets under management and processes more than one million client transactions every day.

Multi-asset liquidity

Saxo Bank sources low latency, deep liquidity – across asset classes – from multiple venues including Tier 1 banks, MTFs, ECNs, SIs, interdealer brokers and 36 exchanges.

 

Other offices:  14
  • Australia
  • China
  • Czech Republic
  • Denmark
  • France
  • Hong Kong
  • India
  • Italy
  • Japan
  • Netherlands
  • Singapore
  • Switzerland
  • United Arab Emirates
  • United Kingdom
CEO: 
Platforms: 
Currency pairs:  37
  • AUD/NZD
  • EUR/NZD
  • AUD/CAD
  • AUD/CHF
  • AUD/JPY
  • AUD/SGD
  • AUD/USD
  • CAD/CHF
  • CAD/JPY
  • CHF/JPY
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/GBP
  • EUR/JPY
  • EUR/NOK
  • EUR/SEK
  • EUR/SGD
  • EUR/USD
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/SGD
  • GBP/USD
  • NZD/JPY
  • NZD/USD
  • SGD/JPY
  • USD/CAD
  • USD/CHF
  • USD/HKD
  • USD/ILS
  • USD/JPY
  • USD/NOK
  • USD/SEK
  • USD/SGD
  • USD/TRY
Employees:  1000
Monthly volume:  227.4 Billion USD
Execution model:  Market Maker/STP
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