Saxo Bank Broker Profile and Reviews

Starting as a brokerage firm established in 1992 in Denmark, Saxo Bank expanded into banking and broadened its reach to international online forex trading. The forex trading services of the company officially named SAXO Markets are known as one of the best in the world. This is evidenced by a series of awards and its platform is even used by global institutions such as Microsoft, Barclays Stockbrokers Ltd, and TD Waterhouse.

In addition to a long history and cutting-edge technology, Saxo Bank is also registered as a Market Maker broker licensed under various regulators from around the world, including The Securities and Futures Commission (Hong Kong), The Financial Conduct Authority (England), Financial Services Agency (Japan), Financial Supervision Authority (Denmark), Financial Market Supervisory Authority (Switzerland), Spanish Securities Market Commission (Spain), ACP (France).

Saxo Bank is one of the longest-standing historical forex brokers. Broker Saxo Bank originated as a brokerage firm Midas Fondsmæglerselskab in the 1990s. After obtaining a license to open banking services in the 2000s, the broker changed its name to Saxo Bank, from the name of the famous Danish historian "Saxo Grammaticus". In the following period, their reputation as a provider of trading platforms and liquidity grew, achieving popularity as one of the leading platform providers in the world today.

Advantages of Saxo Bank Broker

• Legendary And Multi-Regulated Broker

  With a track record of over 25 years, Saxo Bank has successfully maintained its activity as a leading forex trading service provider in the world. Regulation from 15 financial institutions around the world such as the UK, Singapore, Hong Kong and Denmark; is proof of Saxo Bank's commitment to providing universal service. Its international reputation is beyond doubt, with a website available in dozens of languages including Indonesian.

• Exclusive Trading Platform

  Unlike other brokers who generally provide trading services on the MetaTrader4 platform, Saxo Bank has developed its own trading platform. There are SaxoTraderGO and SaxoTraderPRO trading platforms that can be customized to your needs. SaxoTraderGO is presented for retail and individual traders with features that are already familiar. Meanwhile, SaxoTraderPRO is designed for more professional traders, with more complex analytic tools and high trading volume.

• Diverse Trading Instruments To Suit Your Needs

  Another advantage of Saxo Bank lies in the extraordinarily large number of instruments that can be traded, namely 29,000 instruments including 184 forex pairs, 9,000 CFDs, 19,000 Stocks, 200 Stock Options, 2,500 ETFs, Futures, Spot Gold and Silver, forex options, and many more on all exchanges worldwide. In addition, execution speed can be expected because they also function as a bank. Saxo Bank boldly states that 40,000 instruments are available for trading

• Tier 1 Liquidity

  To deliver the best trading execution experience, Saxo Bank broker receives its pricing from tier 1 institutions. Its Liquidity Providers include major banks and market-making companies, such as: ABN AMRO, JP Morgan, Goldman Sachs, Merrill Lynch and so on.

• A Variety of Bonafide Account Options

  Broker Saxo Bank provides 8 types of accounts, both for individuals, corporations, professionals, joint accounts, and VIP offers. The minimum deposit starting from 500 USD, may make traders think twice. However, this is commensurate with the prestigious reputation of Saxo Bank broker which has served for more than 25 years in the forex industry.