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Saxo Bank Review

Saxo Bank A/S is a Denmark licensed and incorporated bank also offering investing services and trading currencies on global financial markets. The company is headquartered in Hellerup, Denmark. The company’s services and activities are regulated by the Danish Financial Supervisory Authority (FSA). As a member of the European Union, Denmark has incorporated the EU Banking and Investment Directives into Danish law. The company was established in 1992.

The broker specializes in online trading and investment across international financial markets enabling private investors and institutional customers to trade FX, CFDs, ETFs, Stocks, Futures, Options and other financial tools and trading assets via multi-award winning online trading platforms such as SaxoWebTrader, SaxoTrader and SaxoMobileTrader. Besides the broker offers trust management and professional investment portfolios.

The trading accounts with Saxo Bank start from $10000 with the leverage reaching up to 200:1 and the spreads on major currency pairs ranging from 2 to 3 pips.  From the beginning of its operation the company’s team has emphasized advanced technologies as a vital and indispensable element for being highly competitive in the online trading industry. Safeguarding customers’ data and securely controlling, fulfilling and managing real-time internal systems are of extreme importance to the company. A large group of highly experienced IT professionals works hard to firmly secure all of the broker’s information and operating systems.

Saxo Bank — Forex Boker information

Saxo Bank
Status No status
Broker type Broker, MM
Traders reviews Post a review
Foundation 1992
Regulation DFSA
License DFSA
Languages English, Spanish, Chinese, Japanese, Arabic, Italian, Korean, German, Portuguese, Russian, French, Greek
Support phone 810 (45) 3977 6531
Address Philip Heymans Allé 15, DK-2900 Hellerup, Denmark
Offices in Denmark
Headquartered in Denmark

Forex Trading information

Accepts US traders Yes
Trading conditions Min. deposit: $10,000
Leverage: 200:1 maximum
Commissions: low
Free trial: Yes
Pip Spread on Majors: 2-3
Trading platforms SaxoWebTrader, SaxoTrader, SaxoMobileTrader
Other trading instruments Stocks, Futures, Options
Leverage 200:1
Pip spread on majors 2-3
Minimum position size 0.05
Digits after the dot in quotes 4
Spread Type Fixed
Min. spread 200
Margin call level, % 10
Stop-out level, % 30
Minimum distance to stop/limit orders, pips 2
Guaranteed stop loss Yes
Guaranteed limit orders Yes
VPS for traders Free for deposits greater than $300
Rebates per 1 standard lot, $
24 hour trading Yes
24 hour support Yes
Mobile trading Yes
Trading by phone No
Automated trading No
One-click trading No
Hedging Yes
Scalping No
Swaps Yes
Pending orders Yes

Forex Account information

Payment methods Credit Cards, Wire Transfer, PayPal
Account currencies EUR, USD, GBP, JPY
Mini account, $ 2000
Standard account, $ 10000
ECN account, $
Institutional accounts No
1st deposit bonus No
Commissions No
Demo account Yes
Bonuses, Promotions No
Forex contests, competitions No
Free education No
Daily analysis Yes
Expert advisors No
Trading Signals Yes
Partnership programs No
Affiliate program No
Trust management Yes
Personal manager Yes
Managed accounts Yes
Segregated accounts Yes
Interest charges on the balance No
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