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€ 100,00 / $ 117.63 * | $ 100.00 / € 85,01 *
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  • Saxo Bank
    Saxo Bank A/S, 1992
    Saxo Trader, Saxo GO
    SFBC, FCA, MAS, Bank of Spain ...
    Deposit - 10,000 USD
    US Allow - No
    Acc Currency -
    Crypto - Yes
    Country -
    Trade - 1 USD
    Leverage - 1:200
    Scalping - Yes
    Hedging - Yes
    Bonus - Yes
    Mobile - Yes
    Demo - Yes
    Social - No

    Saxo Bank – The Best Forex Broker?

    Saxo Bank
    Read our Saxo Bank Forex broker review below...
    ...Saxo Bank is a Danish financial services company in the European and Asian stock markets. The company is regulated by the Regulatory Danish Financial Supervision Authority (DFSA) and also adheres to the European Directive on Financial Instrument Markets (MiFID).

    Among clients there are hundreds of traders from around the world - the geography of distribution of company services reaches 100 countries. Saxo is headquartered in Copenhagen, with 12 branches in the world's megacities. An important achievement of Saxo Bank is a system of stable business partnerships under various programs.
    Payments
    78
    Broker Rating
    78
    Reader Rating23 Votes
    82
    Pros
    Global regulatory licenses
    Wide variety of trading assets
    Professional work platform
    Availability of investment service
    Award-winning brokerage
    Cons
    High inactivity fees
    High cost of trading accounts
    Limited payment methods
    No bonuses and no shares
    Delay in withdrawing funds
    78
    Overall Rating
    Broker Check

    Saxo Bank Review

    The company was founded in 1992 under the Midas trademark, and it switched to the modern format in 2001 in connection with obtaining a European license. The Danish financial brand Saxo Bank is known all over the world: it can be judged on the official website of the company, localized in 42 languages. Its client base includes citizens of major European countries, as well as the Near and Middle East, Africa, America and the Asia-Pacific region. At the same time, its offices are located in Denmark, the UK, China, Italy, France, Switzerland, Singapore, the Czech Republic, Spain, Japan, Australia and the Russian Federation.

    Saxo Bank Regulation

    Saxo Bank operates under the control of the Regulatory Danish Financial Supervision Authority (DFSA), license number 1149, and is a member of the Danish Guarantee Fund for depositors and investors. The company also follows the provisions, norms and requirements of the European Union Directive on Financial Instrument Markets (MiFID). Depending on the jurisdiction, the company has licenses to carry out activities from organizations such as FCA, Bank of Italy, Czech National Bank, Bank of the Netherlands, Bank of Cyprus, MAS, SFBC (now FINMA), Bank of France, Central Bank of the UAE, JFSA, FSB, SFC, ASIC, CMBT.

    Saxo Bank Platforms

    The Saxo Bank trading platforms designed specifically, with a deep understanding of importance in a combination of easy interface and powerful capabilities. Whether the client is a demanding trader who’s looking for the performance and flexibility or an investor who require an easy platform on the go the Saxo Bank offers that solution by two types of the platform SaxoTrader and SaxoTraderPRO.

    • SaxoTrader – allows you to trade on any device from a single account, as well as save and update personal settings and parameters automatically on all mobile devices;
    • SaxoTraderGO – is a full-fledged professional desktop platform that allows you to trade on multiple screens simultaneously.

    Saxo Bank Payments

    Like many European brokers, SaxoBank provides a limited list of methods for depositing / withdrawing money. There are two options in total:

    • Classic Bank Transfer;
    • Bank Plastic Cards.

    When withdrawing money for a larger amount than the transfer was made, the remaining money can be withdrawn only by bank transfer. There is also a ban on all types of financial transactions using payment details of third parties. Similar requirements are imposed by financial regulators. Any types of cash transactions are processed within 3-5 business days. The broker does not charge any additional fees from clients when transferring funds. To withdraw money, the application must be sent to the financial department of the company.

    Saxo Bank Conclusion

    Saxo Bank is a well-known broker whose activities are controlled by many serious and reputable regulators. An additional factor confirming the safety of the company is considered to be that it works with the NASDAQ and NYSE (New York Stock Exchange). These exchanges would not cooperate with scammers. In simple words, the question of the integrity of SaxoBank disappears. There are several awards on the broker’s website that serve the seriousness of the broker and confirm a positive impression.

    With Saxo Bank you have many options for trading financial instruments and you can take advantage of attractive conditions. Spreads are low in the Forex market, and you also enjoy great comfort when trading stocks. There is also a demo account, a mobile application and reliable support for you.