Saxobank Capital Markets Review

Saxobank Capital Markets
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Overview

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… more

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Details

Broker Saxobank Capital Markets
Website URL www.saxobank.com
Founded 1992
Headquarters Copenhagen, Denmark
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
Bonus no bonus
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
Regulated Yes
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
Commissions Yes
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 No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 7.9

Full Review

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

Visit SAXO Capital Markets Website

Pros

  • 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

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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