Integrated digital support Access our self-service support centre, email helpdesk and a range of educational courses. Whether you’re a high- or low-volume trader, you’ll receive first-class support tailored to your needs. Assume greater control of your trading, and achieve an optimal balance between fill ratio and price level through our fully customised orders. Read more about FX margins for Retail clients here or FX margins for Professionals here. See a full list of our FX margin rates for Retail clients as well as our FX margin rates for Elective Professional clients. Choose an investment account with Saxo Bank – a Danish bank based in Copenhagen, subject to the Danish Guarantee Fund.

Saxo Capital Markets is licensed through the Financial Conduct Authority (FCA) and its clients will be protected if the broker goes bankrupt for up to £85,000 through the Financial Services Compensation Scheme (FSCS). Previous to this, in 2010, the Bank was accused of manipulating stock currency prices, with a Portuguese Financial Institution claiming it has lost 10 million Euro. Upon investigation in that same year, the Danish FSA found Saxo Bank’s automated trading system to be sufficiently transparent for users, among other things. Saxo is considered safe as it is fully regulated, adhering to strict regulatory criteria across, as we mentioned above, 15 different jurisdictions, including the UK, Denmark, Singapore and Australia. This is important because the amount of compensation you will be eligible to receive varies drastically across these jurisdictions.

Podium finisher: Interactive Brokers

He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Learn more about the forex fundamentals by checking out my detailed Forex 101 educational series covering everything you’ll need to know about forex and currency trading. I dive into the ins and outs of leverage, explain how pips work, and more. Saxo Bank is a fully regulated broker with offices in 15 countries, serving 1,000,000+ clients globally.

Review today’s biggest gains and losses on the forex and spot metals markets for a snapshot of the market mood. Client sentiment data shows the percentage split between buyers and sellers on today’s most popular instruments. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

Traders will gain access to a huge product catalog range through Saxo Capital Markets, including 180 currency pairs, 3,000 ETFs, 5,000 bonds, 200 plus index and community markets, and a list of forex and listed options. Traders can also trade CFDs on over 9,000 products, including stocks, indices, and commodities, to name a few. It’s important to make sure that your forex broker is well-trusted and properly regulated in order to avoid forex scams. To see an intuitive, comprehensive list of highly regarded regulatory agencies, check out our Trust Score page.

Does Saxo Bank or FOREX.com offer lower pricing?

In addition, the bonus offered by the bank is built into the interests, which is part of the service provided to the Premium clients and above. Saxo Bank is considered a very reliable and solid firm due to its regulation, banking license in Europe, and extra transparency. Trading conditions are good, and the range of instruments is very wide including Options, Futures, Bonds, Forex, and CFD instruments, provided via well-developed trading software and platforms.

Is Saxo Bank Safe or Scam?

A guaranteed stop-loss order is exactly the same amount as above, but the forex broker guarantees the exit level. This means that you can’t lose more than the amount set providing peace of mind. The issue with a guaranteed stop-loss is they may require an additional trading fee. Below shows six additional features Saxotrader Go offers FX traders. Features like quick close, margin breakdown and cancel all orders are unique to Saxo.

There is a short indicator list but it’s still quite comprehensive, and real-time news and research can be accessed in just a few swipes. Users can flawlessly go from charting indicators to the stock overview. Nothing there is for show, or unnecessary, like tabs, or extra steps in the process, which can be a part of other UK brokers platforms. Saxo charges a custody fee of 0.12% per annum for any accounts holding either an open stock, ETF or bond position, with a minimum fee of €10 charged every month.

In addition to competitive spreads and low commission-based pricing for forex, Interactive Brokers provides more third-party research than any other broker. Overall, our Saxo Capital Markets review concludes that the Denmark-based forex broker offers all the trading tools and a wide range of financial products to accommodate the needs of all types of traders. The only major disadvantage is that Saxo Capital Markets requires a high minimum deposit of $10,000 to start trading CFDs. Saxo offers three trading accounts including classic, platinum and VIP. The most popular trading account is the Classic account which has a minimum deposit requirement of $10,000. This account has entry prices that beat other leading forex brokers when it comes to spreads as shown below.

With a wide range of forex brokers comes a wide variety of features and specialties. To help you find the best forex broker for what you’re looking for, we’ve listed our top picks for some of the most sought-after features in the forex industry. Between 74% and 89% of retail investor accounts lose money saxo forex broker when trading CFDs. One of the key advantages of choosing Saxo Bank as your forex trading partner is its extensive educational resources. Saxo Bank understands the importance of educating traders, especially beginners, on the fundamentals of forex trading and the various strategies that can be employed.

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Saxo Capital Markets does not take into account an individual’s needs, objectives or financial situation. The Target Market Determination should assist you in determining whether any of the products or services we offer are likely to be consistent with your objectives, financial situation and needs. In addition to operating three banks (in Denmark, Luxembourg, and Switzerland), Saxo Bank is well-capitalized with $85 billion in client assets as of its latest annual report for 2022. Saxo Bank has an excellent regulatory track record and holds numerous licenses in Tier 1 and Tier 2 jurisdictions, making it a low-risk broker for investing and trading in financial markets. 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.

Top Brokers By Region

You can buy and sell both domestic and international shares as well as trading currency pairs and CFDs with their award-winning trading platform. They also offer low spreads and fees, making them a low fee share and trading solution. You should only consider a different forex broker if you require high leverage, risk management tools, or require a low minimum deposit. In order to cater to sophisticated active traders, investors, professionals, and institutions, it offers a wide range of brokerage services. Smaller account holders will face a number of peculiar challenges, such as higher account minimums, a range of fees, and fewer options for customer service.

Besides the numerous clients, it serves and obtains a reputation over the years. The firm constantly shows some of the best results in its performance along with achievements in international recognition. To add to this, the chat is not supported on the demo account which means that anyone looking to enquire more into this broker will need to call or email. Saxo can be found on both Facebook and Twitter but it does not deal with any service inquiries there. Saxo offers an impressive bank of in-house analysts providing consistent market updates, commentary and ratings, going above and beyond with its research on both SaxoTraderGO and its social-trading website, TradingFloor.com. When selecting a stock users will be shown all the fundamentals, trading signals, and a chart on a smaller pop up menu.

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