Saxobank Capital Markets Review
|Broker||Saxobank Capital Markets|
|Support Number||+45 39 77 40 00|
|Support Types||phone, fax, live chat and email|
|Languages||English, Spanish, French, German, Dutch, Portuguese, Greek, Mandarin Chinese, Cantonese Chinese, Japanese, Polish, Hungarian, Danish, Russian, Hebrew and Arabic|
|Trading Platform||SaxoTrader, SaxoWebTrader, SaxoMobileTrader, TradeMaker|
|Minimum 1st Deposit||$10,000|
|Minimum Account Size||$10,000|
|Minimum Trade Amount||$1|
|Maximum Trade Amount||$1m|
|Payout||within 3 business days|
|Leverage||10:1 to 200:1|
|Spread||low, competitive spreads as low as 0.3 pips on major forex pairs|
|Free Demo Account||Open Demo|
|Regulation||Regulated and licensed by Danish Financial Supervisory Authority, Banco de España, FSA, Monetary Authority of Singapore, Swiss Federal Banking Commission, Japanese Financial Services Agency|
|Commission Info||Saxo Bank Capital Markets charges commission per amount of round traded lots|
|Account Types||Demo account, Real Money trading account|
|Deposit Methods||wire transfer, credit card, country specific banking options like iDEAL, SOFORT, MR Cash and many more|
|Withdrawal Methods||wire transfer, credit card, country specific banking options like iDEAL, SOFORT, MR Cash and many more|
|Trading Methods||Hedging, scalping, OCO orders, guaranteed stop-loss limit, negative balance protection|
|Number of Assets||9000+|
|Types of Assets||forex, shares, commodities, ETFs, CFDs, indices, futures, options and bonds|
|Trading Currency||all major forex pairs, most minor forex pairs and even exotic forex pairs like USD/RUB and USD/ZAR|
|Account Currency||€, $, £, ¥|
|US Traders Allowed|
Saxo Bank Capital Markets company information
Saxo Bank Capital Markets is one of the biggest brokers worldwide when considering forex, shares and CFDs. The broker is regulated by many regulatory organizations and is founded in Denmark. Saxo Bank Capital Markets is available for both day traders and institutional traders. The amount of financial assets tradeable on Saxo Bank Capital Markets is huge compared to other most other online brokers.
Saxo Bank Capital Markets trading platforms
Apart from Saxo Bank’s Saxo Trader 2.5 there is also the possibility to trade on MetaTrader 4 and MetaTrader 5 using Saxo Bank Capital Markets. Saxo also has SaxoMobileTrader for trading the financial markets on smartphones and tablets. The Saxo app is downloadable on the Saxo website and is available for both Android and iOS devices.
Saxo Bank Capital Markets bonuses and promotions
Saxo Bank Capital Markets has never had or offered any type of bonus for its clients. Trading the markets is not similar to gamble in a casino and the broker doesn’t want to associate itself with these kind of brokers/companies that do so. What Saxo Bank Capital Markets DOES have to offer is insanely low, competitive spreads starting at 0.3 pips on major forex pairs. To be honest I’d rather have insanely low spreads than a bonus for which a turnover is required before I am able to withdraw anyway.
Saxo Bank Capital Markets demo account
At the moment it is possible to try the Saxo Bank Capital Markets trading platform with a virtual money demo account loaded with $100k.
Saxo Bank Capital Markets review conclusion
At the moment Saxo Bank Capital Markets has a rather high minimum first deposit required of at least $5,000 or more, quite high for beginning traders. We can therefor conclude that Saxo Bank Capital Markets is not really suitable for new traders or people new to to the stock markets but rather for experienced day traders and institutional traders.
✓ Trade over 9.000 financial assets including forex, commodities, futures, CFDs, indices and ETFs
✓ Tight spreads (starting from 0.3 pips), leverage up to 200:1
✓ Practice with unlimited demo account
✓ Reliable and regulated by many regulatory organizations
✓ Available on smartphone and tablet
- Trade over 9.000 financial assets including forex, commodities, futures, CFDs, indices and ETFs
- Tight spreads (starting from 0.3 pips), leverage up to 200:1
- Practice with unlimited demo account
- Reliable and regulated by many regulatory organizations
- Available on smartphone and tablet
There is no review.