Saxo Bank non-trading fees summary

asset class

A key point to reiterate is that Saxo Markets does not offer MT4, the ever-present, white-labeled interface that is part of nearly every forex broker’s platform suite. Saxo Markets does not offer MT4, the ever-present, white-labeled interface that is part of nearly every forex broker’s platform suite. Saxo’s dedication to providing clients with top-notch research is commendable. A key point to note is that Saxo Markets does not offer MT4, the ever-present, white-labeled interface that is part of nearly every forex broker’s platform suite. In the forex markets, currencies trade against each other as exchange rate pairs. The EUR/USD would be a currency pair for trading the euro against the U.S. dollar, for example.


Every saxo forex broker needs to manage their emotions when using and developing a trading system. If you don’t have a profitable trading system and you’re blaming the markets for your bad results, changing to a different market is not going to fix your problems. Meaning that if your account balance gets close to zero, the broker will close all of the active positions you hold. This is done to avoid a situation where traders could end up with a negative balance and become indebted to the broker. It is especially important for beginner traders as volatility increases during news announcements and rapid moves in price can be surprising for most. Saxo offers a dedicated support center, which is highly extensive, where the trader can take the help of the support team for their issues/queries to be solved.

Make the most of market moves

If you are interested in Saxo Bank, read out comprehensive review. If you would like to know more about the fees at Saxo Bank check our overview of Saxo Bank fees and charges. In addition, every broker we surveyed was asked to fill out a comprehensive survey about all aspects of their platform that we used in our testing.

  • I love that there is almost any asset available that you can wish to trade.
  • This makes it simple to navigate complete pricing for each asset class.
  • Some of them include price alerts, showing a notification when the positions are about to open and close.
  • The company embraced the technological advancements of the late ’90s in launching one of the first online trading platforms in 1998.
  • An impressive variety of market and pending orders handily beats the competition and reinforces Saxo’s commitment to attracting the advanced trader.
  • Ltd, 25.71% ownership at co-founder and CEO Kim Fournais, 19.90% ownership at leading Nordic financial services group Sampo Plc and the rest in minority ownership by former and current bank employees.

Our fully customised orders offer you greater control over your trading. With no asymmetric slippage, you could benefit from significant price improvements on every trade. To protect you from being stopped out early, we trigger stop orders on the opposite side of the spread, based on a neutral price from a primary inter-bank venue. To provide you with the best price possible, we derive our prices from a broad range of Tier 1 institutions. These include banks, ECNs and market-making firms with unique liquidity. Benefit from integrated Trade Signals, news feeds and innovative risk-management features.

Australia advances in the cryptosphere for a global lead

Saxo offers trading access to a number of assets on Saxo Trader. Saxo bank trading platforms include proprietary SaxoTraderPro, SaxoTraderGO, and third-party platforms such as MetaTrader 4, OpenAPI for MS Excel, Dynamic Trend, TradingView, MultiCharts, and Updata. SaxoTraderGO offers manual traders a superior trading experience over industry-standard MT4. These accounts are available for individual as well as corporate clients, come packed with special features and come with a minimum deposit of €/£1,000,000. Concerning charting, it offers 17 drawing tools and 49 technical indicators. By providing this customization, it lets the traders easily identify good trading opportunities and efficiently trade.

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In ETFs, it offers more than 3,000 exchange-traded funds that are offered from several exchanges. Besides, Saxo Bank also holds several licenses in other jurisdictions; and it is currently one of the most regulated brokers in the trading industry. Concerning safety, Saxo Bank is regulated by top-tier licensing bodies. FCA regulates Saxo markets UK and includes other regulators from Switzerland, France, Singapore, Italy, Australia, and Japan. This would be a red flag were it not for the fact that the company is regulated by the FCA which, along with U.S. regulatory agencies , is widely considered to be the leading regulatory body. However, guaranteed stop-loss protection is not available, exposing accounts to potentially catastrophic losses in extreme market conditions, like the 2015 Swiss franc currency shock.

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The service is only available to private banking clients with the aim of generating a return in the medium or long term. They have the worst contact support than any other broker out there. Εxpensive commissions, not accurate trade transactions and more. If you have a big account they give you priority to your support.

We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. Complex products, including CFDs and FX, come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs, FX, or any of its other products work and whether you can afford to take the high risk of losing your money. About 75% of retail investor accounts lose money when trading CFDs with this provider.

The simple and clear videos make it easy for new traders to get caught up and build a foundation from where they can grow. The webinars are hosted by the Saxo Bank experts in the field, though no webinars were on the calendar at the time of this Saxo Bank review. Client funds are held in segregated accounts and Saxo Bank fully complies with all regulations. Each regulator will have different requirement and Saxo Bank fully satisfies all of them. In addition, being a Danish Bank, client deposits are guaranteed by the Guarantee Fund up to €100,000.

This fee is not applied in case the trader has long-term holdings for stocks or a managed portfolio. However, the trader should check with the platform’s inactivity fee policy before proceeding. As per our Saxo Bank review, we can say that the minimum deposit required by this broker is 500 pounds in the UK if they are choosing a classic type. Besides, the minimum amount to deposit varies depending on the account type the trader chooses and the residing country. For example, for Middle Eastern or Central European clients, the minimum deposit is $10,000, and for Australian and Swiss clients, they need to deposit $2000. Considering the account minimum, the classic type needs a deposit of 500 pounds, and we can say that these brokers do not charge any fees for deposits and withdrawals.

  • Access a wide range of investment options, intuitive trading tools and market insights to help you execute your trading strategies.
  • The unique features at Saxo Bank are its transparency, its asset selection and services offer to traders as well as its proprietary trading platform.
  • Finally I have moved my money to a different broker which have lower commissions and better support.
  • This may be too much for new traders, but a multi-asset broker should be part of any diversified asset management strategy.

Read more about FX margins for Retail clients hereor FX margins for Professionals here. See a full list of our FX margin rates for Retail clients as well as our FX margin rates for Elective Professional clients. Our initial margin rates start at 3.33% for major FX pairs including EURUSD, USDJPY, USDCAD, EURJPY and more. If you qualify as an Elective Professional client, our initial margin rates start at 1.5% for major FX pairs. We fully disclose our dealing practices and never trade against you in the market. Our commitment to transparency shows that our interests are aligned with yours.

Furthermore, the broker also delivers detailed stock fundamental data. For cashing out, it can be processed to your bank or other broker accounts. Saxo Bank requires no minimum withdrawal, and also charges no fees on withdrawals. The prices above are indicative minimum spreads and will vary according to the country of residency. A full overview of exact pricing is available through the platform trade tickets. Saxo Bank sets a very high standard when it comes to offering asset classes.

To read much more details about the broker’s services and features, expand on the sections below. Opening an account is done through a very simple online form and takes roughly five minutes. The comprehensive account overview allows traders to fine-tune their trading strategy. In the cryptocurrencies segment, the traders can trade with Bitcoin and Ethereum through ETN instruments. It offers a wide variety of ETFs, CFD, futures, options, exchange-traded commodities, and several more in commodities.

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Saxo Capital Markets UK Limited is authorised and regulated by the Financial Conduct Authority . Below given are the step by step process the trader needs to undertake to get started with Saxo Bank. Hans Daniel Jasperson has over a decade of experience in public policy research, with an emphasis on workforce development, education, and economic justice. Congress, federal agencies, and policymakers in several states.

Get for technical matters and account queries whenever markets are open. Access our self-service support centre, email helpdesk and a range of educational courses. NDFs are tradable offline only through the Global Sales Trading desk. An initial FX margin requirement of 9% is applicable (8% maintenance margin) and 1% interest rate margin .

cfd accounts lose

In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. Saxo’s software security is aligned with the best that the industry has to offer. In addition to two-factor and biometric authentication, the user gets logged out of both the web-based and mobile applications if they are not using it for a specific period of time.

FX swaps likewise enable you to agree a price today at which two transactions will be executed. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. I love that there is almost any asset available that you can wish to trade. In case you need to contact the team, there’s an email and call option.

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