Broker review

Saxo Bank Broker Profile and Reviews

Here is complete information regarding a review of Saxo Bank, its regulations, and recommendations for forex traders who want to trade at Saxo Bank.

Updated January 1, 1990 Written by adminprog Viewed 20 kali

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.

 

Broker Name Saxo Markets
Website Click Here For The Official Saxo Broker Site
Company Saxo Capital Markets Ltd.
Founded in 1992
Headquarters Saxo Bank A/S (Headquarters), Philip Heymans Alle 15, 2900, Hellerup, Denmark
Regulator
  • Securities and Futures Commission (Hong Kong)
  • Financial Conduct Authority (England)
  • Financial Services Agency (Japan)
  • Financial Supervision Authority (Denmark)
  • Financial Market Supervisory Authority (Switzerland)
  • Spanish Securities Market Commission (Spain)
  • ACP (France)
Customer service Telephone, email and official website by region (Europe, Asia Pacific, Middle East)
Website language English, Japanese, Mandarin, French, Italian, Indonesian, and others.
Deposit and withdrawal Bank Wire
Expert analysis ✔️
Affiliate program ✔️
Educational content ✔️
Trading platform SaxoTraderGO, SaxoTraderPRO
Trading instruments Forex, Gold, Silver, Forex Options (binary options), CFDs, Stocks, etc
Spread Floating
Minimum initial deposit 10,000 USD (Classic), Platinum (200,000 USD) and 1,000,000 USD (VIP account)
Account Currency USD, GBP, AUD, SGD, CHF, etc
Leverage 1:200
Minimum Lot 0.05
Account Type Classic, Platinum, VIP
Swap-free account ✔️
Segregated Account ✔️
Hedging ✔️
Scalping ✔️
  • 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.

Forum Saxo Bank

view all
Comments 5
T

Tara

The best broker quality with serious demands; minimum deposit of USD 5,000. For me personally, with that amount of money, I would be more interested in investing it in mutual funds rather than trading it myself.

Is there a hedge fund organization in Indonesia that is connected to this broker? 

9 Tahun lalu
MT

Mardian T.

yes, if you join a mutual fund, just ask the manager if they also trade here, right? Because as far as I know, mutual funds definitely manage many types of assets, from forex, bonds, stocks to futures. So, feel free to filter where you want to invest.

9 Tahun lalu
DH

Dulmatin Hikam

@Mardian T.
hahahaa I agree, sir, mutual funds also trade their funds in forex trading. big companies also trade, insurance companies also participate in trading, on average, companies do engage in forex trading to manage their funds. so if someone says it's better to join mutual funds than forex trading, it's just funny because mutual fund money is also rotated in forex trading. mutual funds also have risks even though they are not like forex trading. the formula is that the greater the profit, the greater the risk of loss.
6 Tahun lalu
E

Espi

You said here that the broker is a market maker, so that means it's a bandar broker, right? Please clarify.

5 Tahun lalu
K

Karina

Good morning, Espi. This broker is a market maker that helps clients buy and sell products that are not easily accessible, such as CFDs. A bandar broker is not always associated with the term "bad" broker. You can read about it on the following page.

5 Tahun lalu

You will reply to this comment:

-