Saxo Bank A/S is a fully licensed and regulated Danish bank specialising in online trading and investment across global financial markets. It is a heavily regulated broker in several countries, including its home country, Denmark. The broker is one of the oldest ECNs available to the retail client, as well as institutional traders. The amount of different markets available for trading is simply staggering.
Saxo Bank offers a few different choices for platforms. SaxoTrader 2.5 is their standalone platform, and there is a web based version called SaxoWebTrader 2.5 as well. There is a mobile platform called SaxoMobileTrader as well for smart phones.
Saxo Bank has phone and live chat support via phone for traders, 24 hours a day during the Forex market hours.
Being one of the original ECN brokers as well as a registered bank in Denmark, Saxo Bank has plenty of former and current customers that can attest to its reliability and dependability. Being regulated as a Danish bank – there are plenty of protections for the customer.
Commissions and Spreads
Saxo Bank charges a staggered list of commissions for their trading services depending on the size of your account. Please check with the website in relation to your trading account size. The spreads are floating as it is a true ECN.
At the time of this writing, there are no promotions at Saxo Bank for new clients.
Saxo Bank is a value-packed broker for a professional setting in the Forex world, as well as many other markets such as futures, options, stocks, bonds, and forwards. The broker has long been known to be reliable, honest, and cheap in their commissions. While there are no micro accounts, if you have a decent sized account, this is a good choice for you as it is simply impossible to “outgrow” the broker since it offers so much in the way of trading markets.
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