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This only applies to retail clients- institutional clients are not covered. Saxo provides clients with a guarantee that they will never lose more than they have in their accounts via the negative balance protection rules mandated under ESMA that went into effect in 2018. However, guaranteed stop-loss protection is not available, exposing accounts to potentially catastrophic losses in extreme market conditions, like the 2015 Swiss franc currency shock. Saxo also takes steps to ensure that client funds are not co-mingled with corporate funds, in accordance with the U.K. This ensures that client assets are protected in the unlikely event that Saxo becomes insolvent by holding those funds in segregated accounts at regulated banks. Clients also have additional asset protection through the Financial Services Compensation Scheme (FSCS), up to £85,000.

• The Saxo Bank demo account can be used for a 20-day trial period with no obligation to deposit real money after this.
• Tighter spreads and lower commissions are available as you move up the account tiers.
• Overall, the bank’s regulatory oversight ensures that clients’ funds and personal information are protected, and that the bank operates in a transparent and fair manner.
• I wouldn’t have any problems trusting them with my funds and can focus on my trading without worrying if they will operate in a transparent and honest manner.
• While conducting our evaluations of online forex brokers, we’ve collected over 360 data points that track the research-specific features that are most important to traders and investors.

Saxo Advanced Solutions features FIX and Open API, supporting the development of third-party trading applications with full access to the Saxo Bank market portfolio. The advanced features are not available to retail clients, who have access to algorithmic trading as is available inside of the SaxoTraderPRO platform. SaxoTraderGO does not support automated trading solutions, the sole drawback as compared to the retail-favorite and developer-friendly MT4 trading platform. saxo bank broker reviews Saxo Bank is a fully licensed European bank and is one of the best-known players in the global brokerage industry. As one of the most transparent and trusted banks as well as brokers in the world, it caters to new traders as well as to professional traders, institutions and hedged funds. The broker’s main focus is on the professional crowd with better offerings from a minimum deposit of €/£50,000, but their Classic Account does come with a minimum deposit of just €/£500.

How To Find A Broker For Safe Trading?

Saxo Bank’s education section offers free webinars that are uploaded to their website accompanied with a title, a short description, and the speaker’s name. This last feature is only available on major US, Asian, and European markets. You can download the guide to learn more on Saxo Bank’s website, under the SaxoTrader PRO information section. If you happen to need an additional tool, you can connect your account to a third party charting tool such as Trading View. According to Saxo Bank you will “gain market access through a stable, fast, flexible and fully documented electronic infrastructure”. With this, you can buy or sell once the asset you have selected reaches a specific price.

• The Saxo Quick Take is a short, distilled opinion on financial markets with references to key news and events.
• You can read their insights which are based on their experience in articles that are available for all.
• Compare Ukraine authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below.
• SaxoTraderPRO is a fully customizable desktop interface that traders can download on Windows and Mac operating systems.
• To find the best forex brokers in Ukraine, we created a list of all brokers that list Ukraine as a country they accept new customers from.
• The process is handled entirely from inside the trading platform.

Take advantage of time and sales, futures spread orders and depth trader — plus, trade directly from charts. Saxo Bank has created managed portfolios where clients can invest their funds. The clients will have access to monitor the investments, withdraw or exit at any time. Each portfolio consists of a collection of assets, investment strategies and managers. With direct electronic access to liquidity providers, Saxo eliminate manual processes across the value chain of traditional bond trading – so that you can benefit from significantly lower commissions.

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I have been an avid MT4 user for many years and think it is the ideal platform for a no-nonsense approach to trading online. I especially like it for the automated trading capabilities (expert advisors) and versatility. I can run strategies on the desktop platform and take the markets with me in my pocket via the app. The web version of the platform is great to easily access my account from any device without any installations required and it is always up to date. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

Mobile Trading on Saxo Bank

Saxo Bank offers clients its proprietary trading platform, developed in-house. Saxo Bank made a great effort to deliver its global traders a state-of-the-art trading platform, also available as a White Label Solution for partners. Forex traders who have grown used to the MT4 or MT5 trading platforms, as offered by most forex brokers, or who deploy EA’s based on that infrastructure, will be disappointed as Saxo Bank does not support them. Saxo Bank is a Danish online investment broker that offers a wide range of financial instruments for online trading, including forex, stocks, commodities and more.

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This gives you an advantage, as you don’t need to exchange between currencies when cashing out. Many people believe that they are the future of money and are eager to catch the opportunity of getting involved with them. For others, cryptocurrencies are just a financial bubble waiting to burst.

The broker offers investors access to a large set of investment and trading products. SaxoTraderGO offers manual traders a superior trading experience over industry-standard MT4. These accounts are available for individual as well as corporate clients, come packed with special features and come with a minimum deposit of €/£1,000,000. Saxo Markets is regulated by the FCA, one of the main regulatory agencies in the U.K. And is highly regarded globally for its strictness in ensuring that market practices are fair for both individuals and businesses. Simply put, regulation by a reputable, government-backed agency goes a long way toward establishing a firm’s credibility.

The broker also regularly requests additional or updated verification documents to maintain the highest levels of user security. Of course, the first major downside we can notice is that the minimum deposit here comes in higher than many other brokers. This makes it a tough choice for new traders alongside the fact that their trading platforms are geared more toward professionals.

These factors make Saxo Bank a trusted and reliable broker to hold your money when it comes to trading CFDs, forex, shares, options, and exchange-traded and over-the-counter (OTC) derivatives. Furthermore, Saxo Bank provides a variety of assets, such as futures and options, stocks, commodities, and more, so that all types of clients, regardless of experience level, can benefit from its services. In conclusion, Saxo Bank stands as a reputable broker in the financial industry. With its extensive range of trading options, including FX, CFDs, and a vast selection of financial instruments, Saxo Bank offers a thorough platform for investors. Operating for over 30 years and driving Fintech innovations, Saxo Bank has established itself as a prominent player in multi-asset trading. Safety is the number one topic to consider when it comes to choosing the right broker.

Its headquarters is in Copenhagen but it has other offices in various locations including Singapore, UK, Australia, Brazil, China, Czech Republic, France, Hong Kong, Japan, Switzerland, Netherland and UAE. The Saxo brand offers a superb selection of more than 40,000 trading instruments in the asset classes of forex, stocks, commodities, ETFs, Futures, Bonds and Vanilla options. In terms of instruments, few brokers can compare although TMGM certainly come close.

In addition to its trading platform, Saxo Bank also provides its clients with a comprehensive range of educational resources, including webinars, video tutorials, and market analysis reports. This enables clients to improve their trading skills and stay up-to-date with the latest market trends. In our Saxo Bank review, we found that the broker provides a wide range of educational materials. These include trading courses covering futures, bonds, CFDs, equities, FX, and more.