Saxo Bank Review 2021
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Attention!
Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.
Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:
Summary of Saxo Bank Trading Company
“Saxo Bank” company is not the IAFT’s partner and has therefore not been verified.
We work exclusively with the accounts opened through Traders Union.
Saxo Bank Latest Comments 2021
The reviews by customers of the Saxo Bank indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Saxo Bank published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
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Analysis of the Main Features of the Forex Broker
Trading Conditions for Saxo Bank Users
| Trading platform: | SaxoTraderGO, SaxoTraderPRO |
| Accounts: | Classic, Platinum, VIP |
| Account currency: | USD, EUR |
| Replenishment / Withdrawal: | Bank Transfer |
| Minimum deposit: | 10 000 USD |
| Leverage: | 1:50 |
| PAMM-accounts: | No |
| Min Order: | 0.01 |
| Spread: | From 0,4 p |
| Instruments: | Forex, CFDs, Futures, Commodities, Forex options, Listed options, Stocks, Bonds ETFs, Mutual funds |
| Margin call/Stop Out: | 100% |
| Liquidity provider: | No |
| Mobile trading: | Mobile Platforms |
| Affiliate program: | Yes |
| Orders execution: | Market Execution |
| Trading features: | No |
| Contests and bonuses: | No |
Comparison of Saxo Bank with other Brokers
| Saxo Bank | FxPro | XM Group | Admiral Markets UK | AvaTrade | |
| Trading platform |
SaxoTraderGO, SaxoTraderPRO | MT4, MobileTrading, MT5, cTrader | MT4, MT5, MobileTrading | MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition | MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option |
| Min deposit | $10000 | $100 | $5 | $200 | $100 |
| Leverage |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:25 to 1:500 |
From 1:200 to 1:400 |
| Trust management | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No |
| Spread | From 0 points | From 1 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
100% / 100% | 25% / 20% | 100% / 50% | 100% / 30% | 25% / 10% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Instant Execution |
| No deposit bonus | No | No | $30 | No | No |
| Cent accounts | No | No | Yes | No | Yes |
Broker comparison table of trading instruments
| Saxo Bank | FxPro | XM Group | Admiral Markets UK | AvaTrade | |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes |
| Crypto | No | No | No | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes |
| indexes | Yes | Yes | Yes | Yes | Yes |
| Stock | Yes | No | Yes | Yes | Yes |
| ETF | Yes | Yes | No | Yes | Yes |
| Options | Yes | Yes | No | No | Yes |
Contacts
| Registration address | Philip Heymans Alle 15 2900 Hellerup Denmark |
| Regulation |
FCA, DFSA |
| Contacts |
Email:
[email protected],
[email protected],
Phone: +44 (0)207 151 2000, +45 3977 4000 |
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Saxo BankThe Oldest Reviews of the Saxo Bank
The reviews by customers of the Saxo Bank indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Saxo Bank published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
No entries yet.
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FAQs
Do reviews by traders influence the Saxo Bank rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Saxo Bank you need to go to the broker's profile.
How to leave a review about Saxo Bank on the Traders Union website?
To leave a review about Saxo Bank, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Saxo Bank on a non-Traders Union client?
Anyone can leave feedback about Saxo Bank on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Why is it more profitable to work with Saxo Bank through Traders Union?
Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.
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