Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Forex Broker | SaxoBank
With SaxoBank, you can trade stocks and ETFs in 85 markets, including Hong Kong, Japanese, and Singapore markets. There are over 655 major and minor currency pairs, 79 stock indices, 8,855 shares and 5,555 bonds available for trading.
Saxo Bank Review 2020 - Pros and Cons Uncovered
As a Saxo Bank client, you can trade on both your PC and mobile devices. SaxoTrader can also run on browsers, with the interface running consistent to that of the desktop version.
Unlike most brokers, Saxo bank charges a holding fee on bought long dated listed options with maturity beyond 675 days.
Saxo Bank has an average leverage ratio. The maximum leverage ratio allowed is 6:755. This is most likely due to the fact that the company falls under the compliance of several strict regulatory bodies.
SaxoSelect is a mix of mutual funds and robo-advisory. It s suitable for you if you don t want to manage your investments on your own or simply need to gain some confidence in investing.
At Saxo Bank, you can choose from 76 base currencies. You can also open several sub-accounts in different currencies - a great option if you plan to trade assets in more than one currency.
Saxo s desktop trading platform, SaxoTraderPRO looks similar to its web-based equivalent.
Saxo Bank falls short with its high deposit requirements. With a minimum funding requirement of $7,555, the broker isn’t suitable for traders with a small wallet. Saxo Bank’s service fees are also high among its namesakes.
You can also attend webinars held by Saxo experts or become a &ldquo student&rdquo at the Saxo Academy, where you can choose from tons of online educational videos. The quality of these videos is great.
Usability: Saxo Bank provides a universal platform experience and is our number one broker, Best in Class, in the Ease of Use category. Menus have a similar feel, customized charts and watch lists automatically save and sync with the mobile app, and, all in all, great attention to detail can be seen throughout.