Saxo Bank Review

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Overview

SaxoBank was founded in 1992 Copenhagen, Denmark and now is one of the largest retail brokers in the world in regards of forex trading, the broker is regulated by Danish and EU regulators, operating in more than 21 countries.

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Details

Broker Saxo Bank
Website URL www.saxobank.com
Founded 1992
Headquarters Denmark Copenhagen, Philip Heymans Allé 15, 2900 Hellerup
Support Number 45 39 77 40 00
Languages English, Spanish, French, German, Portuguese, Italian, Greek, Chinese Mandarin, Chinese Cantonese, Japanese, Polish, Hungarian, Czech, Danish, Dutch, Russian, Hebrew, Arabic
Trading Platform SaxoTrader, SaxoWebTrader, SaxoMobileTrader, TradeMaker
Minimum 1st Deposit $10000
Minimum Trade Amount 1 lot
Leverage 1:100
Spread Variable, from 2 pip
Free Demo Account Yes
Regulated Yes
Regulation FSA (Denmark)
Account Types Classic Account: minimum deposit: $1 minimum lot size: 5k max leverage: 100:1, Premium Account: Classic account + extended news and research minimum deposit: $100 000 minimum lot size: 5k max leverage: 100:1, Platinum Account: Premium account + Individual pricing minimum deposit: $500 000 minimum lot size: 5k max leverage: 100:1
Deposit Methods Bank Wire
Withdrawal Methods Bank Wire
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 3.6

Screenshots

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Full Review

SaxoBank was founded in 1992 Copenhagen, Denmark and now is one of the largest retail brokers in the world in regards of forex trading, the broker is regulated by Danish and EU regulators, operating in more than 21 countries.The thousands of investors and traders from more than 100 countries of the world are clients of the Bank. The client servicing is conducted from the Headquarters of the Bank in Copenhagen, and also from 12 offices, situated in the largest cities of the world.

 

Saxo Bank is regulated byt FSA (Denmark) and is a member of the Danish Ministry of Economics and Business Affairs’ Guarantee Fund for Depositors and Investors. Furthermore, being a EU broker, it is also MiFID compliant.

 

Saxo Bank specializes in serving online trading to its clients, giving them opportunity to trade with the wide range of financial tools, such as currencies, contracts for difference, futures, options and other derivatives, the Bank renders services on trust management also. With Saxo Bank traders get one of the largest currency pairs set up to 160 different currency pairs.

 

Saxo Bank offers great charting, trading straight from charts, technical indicators, live news feeds (powered by Dow Jones and Deutsche Boerse’s Market News International), technical analysis tools and indicators, etc.

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