Saxo Bank Trading Signals - TU Expert review

Updated: February 14, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

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Saxo Bank Trading Signals

We have compiled a comparison of all types of Forex signals offered by Saxo Bank alongside its top two competitors, based on the Traders Union rating. The analysis includes features such as Copy Trading, Trading Central, automated alerts, and other tools like Autochartist and TradingView integration. This comparison showcases the range, accuracy, and accessibility of signals available, helping traders identify the best provider for their needs.

Saxo Bank Trading Signals Review

	Saxo Bank	Eightcap	XM Group
Copy trading	Yes	No	Yes
Trading Central	No	No	Yes
Signals (alerts)	Yes	No	Yes
TradingView	Yes	Yes	No
Autochartist	Yes	No	No
Trading bots (EAs)	Yes	Yes	Yes
Expert Analytics	Yes	Yes	Yes
Open an account	Open an account	Open an account	Open an account

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

Copy Trading Signals
Copy trading signals allow traders to automatically replicate the trades of successful investors. By following experienced traders, beginners can gain exposure to professional strategies, while advanced traders can diversify their portfolios.
Trading Central Signals
Generated by the Trading Central platform, these signals provide technical analysis and actionable insights based on market trends, patterns, and key levels. They cater to traders seeking a professional edge in decision-making.
Signals (Alerts)
Forex Alerts are direct notifications sent to traders about potential trading opportunities. These signals can be based on technical indicators, fundamental analysis, or market movements, helping traders act quickly on profitable setups.
TradingView Signals
These signals are derived from indicators and tools available on the TradingView platform. Brokers integrated with TradingView offer users access to custom alerts and community-driven insights, making it ideal for chart enthusiasts.
Autochartist Signals
Autochartist generates automated signals by identifying chart patterns, Fibonacci levels, and key price movements. It’s a valuable tool for traders looking for technical setups without manual charting.
Trading Bots (Expert Advisors)
Trading bots or EAs are automated systems that execute trades based on pre-programmed strategies. They allow traders to capitalize on opportunities without continuous monitoring of the markets.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

Short introduction of Saxo Bank

The SaxoBank brokerage company was founded in 1992 under the original name Midas. In 2001, the broker was licensed by the FSA, a Danish Financial Supervisory Authority (1149), FCA (Financial Conduct Authority | UK, 551422), ASIC (Australian Securities and Investments Commission, AFSL 280372), FINMA (Swiss Financial Market Supervisory Authority, CHE-106.787.764), and SFC (Securities and Futures Commission | Hong Kong, AVD061). After that, the company changed its name to SaxoBank. Today the broker provides online access to various financial markets to clients from 170 countries. In 2017, the SaxoTraderGO terminal was recognized as the best trading platform for active trading according to FX Week’s e-FX Awards and ADVFN International Financial Awards. Can you trade options with Saxo Bank?

💰 Account currency:	EUR, USD
🚀 Minimum deposit:	$0
⚖️ Leverage:	Up to 1:30
💱 Spread:	From 0.7 pips
🔧 Instruments:	Forex, CFDs, Futures, Commodities, Forex options, Listed options, Stocks, Bonds, ETFs, Funds
💹 Margin Call / Stop Out:	Not indicated

Saxo Bank Pros and Cons

👍 Advantages of trading with Saxo Bank:

•favorable trading terms for professional traders with at least 1 year of experience;

•over 71 thousand instruments for trading;

•the opportunity to invest in ready-to-use long-term portfolios managed by professionals.

👎 Disadvantages of Saxo Bank:

•Cent accounts are not available.

•You can trade through proprietary platforms; access to the MT4 and MT5 terminals is not provided;

•a ban on algorithmic trading for traders from abroad;

•you cannot contact support in the online chat on the company's website.

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that Saxo Bank does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.

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FAQs

How do I choose a signal provider?

Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.

Can I lose money by trading signals?

Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.

In which form can signals be provided?

Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.