Saxo Markets is one of the best global brokers with diverse offerings for portfolio diversification.
- Broad range of product offerings.
- Top-quality research materials.
- SaxoTraderGO app that is compatible with all mobile devices.
- Low forex trading fees.
- High inactivity fee.
- High account minimum requirement.
It is loaded with over 40,000 tradable assets on stocks, options, futures, bonds, ETFs, and mutual funds. Your trading funds are safe with Saxo Markets, and you are guaranteed the best trading experience since it adheres to global authorities’ regulations.
Saxo Markets – Who Are They?
Saxo Markets was established in 1992. With its headquarters in Denmark, it also provides investment services in its bank section. It is considered one of the safest brokers since it has the best financial authorities overseeing its services globally. Examples of regulators overseeing Saxo Markets include the Financial Services Agency (FSA) in Denmark and the Financial Conduct Authority in the UK.
Saxo Markets boasts of hosting more than 660,000 clients globally, with daily executed trades exceeding 180,000. This shows how most traders prefer it. You have diverse asset offerings at your disposal to trade with and make huge profits.
This broker has an intuitive design and easy-to-use trading platform. Getting started requires at least a $500 deposit for UK clients and even more for traders in other countries. However, only clients in Denmark enjoy zero accounts minimums.
Note that transactions, whether deposits or withdrawals, do not incur charges. Trading costs are also low, making it easier for budget-conscious traders to give it a try.
You can trade at Saxo Markets with multiple currencies (over 20). No wonder it has become a common choice for most traders. This lets you trade on diverse global markets freely without the need for currency exchanges.
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Our Opinion About Saxo Markets
We believe that Saxo Markets has a user-friendly trading platform that is easy to navigate. Account opening is also fast, even though the minimum deposit required is relatively high. Evidently, you will never worry about your safety and that of your trading funds with Saxo Markets since it is highly regulated and hosts an investment bank.
We liked the learning content provided by Saxo Markets. This includes a demo account, simulated with $100,000 virtual funds for you to experiment the broker with. Unfortunately, the demo account has an expiry period, and you can only use it for 20 days, after which you should create a live trading account.
This broker has the SaxoTraderPro platform for trading. Its mobile app, the SaxoTraderGO, has the same features and design as the web platform. In addition, the app has a two-step secure login, which is perfect for protecting the data of the most active traders who trade on the go.
Saxo Markets has a very responsive customer service that provides relevant solutions to your trading issues. Even though the support service does not support live chat communication, you can still communicate via email or phone 24 hours a day, five days a week.
Not only are there impressively up-to-date odds and easy-to-navigate interfaces, but the customer service is instantaneous. 10/10
Saxo Markets is a great platform for anyone starting out in online trading!
For small investors and beginners, Saxo Markets is the best broker with a low brokerage. The app offers complete transparency in market dealings with a friendly interface that makes the app even more interesting to use, it’s quite easy to understand as well. Since the charges are low, it’s an ideal platform for small investors like me. Must try it out!
The broker can never restrict your trading unless they have some issues in your trading account or when you have no funds. I traded with Saxo Markets and there were no restrictions on my trade until I have reached my last amount to use for trading. By restrictions, there are various meanings – it can be margin call, stop-out call, bonus lost alert, or anything else. You need to be aware of the maximum lots that you can trade with your broker.
The Saxo Markets are professional, just a few thing that I don’t like: One can’t place a stop unless there is 20 pips between it and the current quote. Nor can one use all their money to leverage up – only about 60 percent of it. If you leverage close to the limit, but still below it, you may get a call to reduce or close the position. And the chat window can’t be turned off. Other than that, they seem to be on the level.