Saxo Markets
3.8/5

Saxo Markets

✔ Great research tools ✔ Wide array of products
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Home » Saxo Markets

Saxo Markets is one of the best global brokers with diverse offerings for portfolio diversification.

Pros
  • Broad range of product offerings.
  • Top-quality research materials.
  • SaxoTraderGO app that is compatible with all mobile devices.
  • Low forex trading fees.
Cons
  • 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
Saxo Markets
Saxo Markets
Saxo Markets
Saxo Markets
Saxo Markets
Saxo Markets
Saxo Markets

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. 

Saxo Bank review

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.

Compare Saxo Markets With Other Brokers

Compare with other broker
Minimum deposit
Payment & Withdraw options
Fee on Amazon
Fee on GBP/USD
Fee on Bitcoin
Fee on ETFs
Fee on Gold
Software
License
Demo account
Money Insurance
Stock Assets
Forex Assets
Commodities Assets
ETFs Assets
Cryptocurrency Assets
Saxo Markets logo
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$2000 (depend on the country)
Bank Wire Transfer, Credit cards
$1- $4
$1- $4
0.3 – 1.0
0.06% – 0.15%
$1- $4
SaxoTraderGO, TradingView
MAS, PRA
Yes
Yes, up to EUR 100,000
19000+
182
6
30+
5+
eToro logo
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$200
Credit card, PayPal, Bank transfer, Neteller, Skrill, WebMoney
0.1%
0.1%
From 1.5%
0.1%
From 2 pips
eToro Proprietary Platform
ASIC, CySec, FCA, FSAS, FSCS
Yes
Yes (up to $115,793)
2044
47
13
145
15
Plus500 logo
Visit site
Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$100
Bank Wire Transfer, Credit cards, Paypal, Skrill
Spreads apply*
Spreads apply*
Spreads apply*
Spreads apply*
Spreads apply*
Plus500 Webtrader
ASIC, FCA, FSCA
Yes
2000+ (CFDs only)
70+ (CFDs only)
4 (CFDs only)
96 (CFDs only)
9 (CFDs only)
CMC Markets logo
Visit site
Risk Warning
69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
No
Credit cards, Paypal
0.08%
0.11%
From 0.7 pips
0.08%
From 0.3 pips
MetaTrader 4
FCA, BaFin
Yes
Yes (up to $115,793)
8,000
338
136
1,000
13

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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.

Thadeus Geodfrey
Thadeus Geodfrey

is a copywriter with extensive experience in trading. Thadeus knows exactly his field and what he writes about. His goal is to make life easier for traders and provide them with important information about brokers. Now, he continues to be active in trading and researching brokers for you.

There is no need to doubt his experience because the guides Thadeus writes speak for themselves. He knows exactly what to draw your attention to and will tell you truthfully about each trading platform.

Saxo Markets Details

Software
Licences
OnlineTrading.Reviews Rating:
✔ Great research tools
✔ Wide array of products
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
4.0
Customer support
3.0
Commissions & Fees
5.0
Platform & Tools
5.0
Research
4.3 Overall Rating

5 Replies to “Saxo Markets”

  • Harry G. says:

    Not only are there impressively up-to-date odds and easy-to-navigate interfaces, but the customer service is instantaneous. 10/10

  • Ullrich says:

    Saxo Markets is a great platform for anyone starting out in online trading!

  • Derick Griffith says:

    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!

  • Mohsin Jones says:

    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.

  • Stonebraker D. says:

    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.

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