Saxo Markets Review

Saxo Markets is a fully regulated and trusted online broker established by Saxo Bank in 1992. It is known for being a leading fintech specialist, connecting traders and investors to over 40,000+ instruments across a variety of assets includingForex, Stocks, Mutual Funds, ETFs, Bonds, Equities, Futures and Commodities.

Saxo Markets provides traders and investors with great features and tools such as professional-grade trading tools, industry-leading prices, in-class trading services and lots more.

Saxo Markets Broker Details

BrokerSaxo Markets
Head OfficeSaxo Bank A/S (Headquarters)
Philip Heymans Allé 15
2900 Hellerup, Denmark.
RegulationsFSA (Denmark), FCA (United Kingdom),
JFSA (Japan), ASIC (Australia).
Trading Desk TypeECN/ DMA (Direct Market Access )
Trading PlatformsSaxoTraderGO, SaxoTraderPRO, MetaTrader 4,
TradingView, Open API For Excel.
Mobile TradingAvailable
PC TradingAvailable
Minimum deposit$10,000
£500 – the UK
3000 SGD – Singapore
$3000 – Australia
Leverage1:1 to 1:200
1:1 1:30 (EU)
Minimum trade size0.01
Demo AccountAvailable – Open Demo Account
Account Funding &
Withdrawal Methods
Card Payments, Bank Wire Transfer.
Asset ClassesForex, Stocks, Mutual Funds, ETFs, Bonds, Equities,
Futures, Commodities.
Investment ProductsStocks, Bonds, ETFs, Managed portfolios
Leveraged ProductsCrypto, Forex, CFDs (CFDs on Single Stocks and ETFs,
Indices, Forex, Bonds, Commodities and Index Options ),
Futures, Commodities, Forex Options, Listed Options.

Saxo Markets Pros & Cons


  • Award-winning trading platform.
  • Fully regulated by top-tier regulatory bodies globally.
  • Professional-grade trading platforms
  • Great customer support service.
  • Great educational and research resources.
  • Over 8 asset classes to trade from.


  • High minimum deposit.
  • US traders not accepted.

Saxo Markets License and Regulation

SaxoMarkets is licensed and regulated globally, by top tier regulatory bodies across the world, including;

  • FSA – The Danish Financial Supervisory Authority (Denmark),
  • FCA – Financial Conduct Authority (United Kingdom),
  • JFSA – Japan Financial Services Authority (Japan),
  • ASIC – Australian Securities and Investments Commission (Australia)

SaxoMarkets Accounts

SaxoMarkets provides its clients with 3 different account types, designed to suit different trading needs. The three account types are designed in a hierarchical structure and the significant difference between each account type is the upgrade in trading conditions based on the trading volume of the client’s trading account.

The three account types offered bySaxoMarkets include;

  • The Classic Account,
  • Platinum Account and the
  • VIP Account.

Classic Account

The Classic Account is the first on the list and the lowest on the hierarchy although clients still stand to enjoy a variety of optimal trading conditions such as tight entry prices; in-class digital service and support; a 24/5 technical and account support and more. The minimum required deposit on this account type is $10,000 (£500 in the UK).

Platinum Account

The platinum account comes second on the account hierarchy with a required minimum deposit of $200,000.

With the Platinum Account, traders stand to enjoy an upgraded service from the Classic Account such as; tighter spreads and commissions; up to 30% low prices; in-class digital service and support; a 24/5 technical and account support; priority local-language customer support and more.

VIP Account

This account type requires a minimum deposit of $1,000,000, as it is designed for clients with very large capital.

With the VIP Account, clients tend to literally get VIP treatments, as they are provided with the best prices and services as well as a bunch of other exclusive trading features such as; the best-in-class digital service and support; 24/5 technical and account support; local-language personal relationship manager; a 24/5 direct access to the brokerages’ trading experts; 1:1 SaxoStrats access; exclusive event invitations and lots more.

Note – When you open an account, the broker places you in a tier, based on the initial amount you fund your account with over the first 30 days. After your first three months of trading, you will be automatically moved to the best tier that reflects your trading volume, with no additional funding required. 

Asset Classes Offered BySaxoMarkets

SaxoMarkets offers 8 asset classes with over 40,000+ instruments available to trade from. The asset classes offered by the broker include; Forex, Stocks, mutual funds, ETFs, bonds, equities,
futures and commodities.

SaxoMarkets Asset Class Details

Asset ClassesAssets
Forex182 Forex pairs across majors, minors and exotics, plus spot metals.
Stocks19,000+ stocks across core and emerging markets, on over 30+ exchanges around the world.
Mutual Funds250 top-rated mutual funds from the world’s largest investors.
Exchange-Traded Funds3,000 exchange-traded funds (ETFs) from 30+ exchanges around the world.
Bonds5,000+ government and corporate bonds in Europe, the US, Asia, Middle East and Latin America.
Futures200+ futures from 23 global exchanges, covering equity indices, energy, metals, agriculture, rates and FX.
CommoditiesA wide range of commodities as CFDs, futures, options, spot pairs or exchange-traded commodities.

SaxoMarkets Spreads and Commissions

SaxoMarkets offers one of the best prices in the industry when it comes to spreads and commissions. The broker offers tight spreads and low commissions which applies to all account types they offer as well as across all asset classes and products available on their platform.

  • FX – Spreads as low as 0.4 pips.
  • FX Options – Spreads as low s 3 pips.
  • CFDs – Spreads as low as 0.4 pips.
  • Stocks – Commissions from $3 on US Stocks.
  • Commodities – Commission as low as $1.25 per lot.
  • ETFs – Commission as low as $3 on US-listed ETFs
  • Futures – Commission as low as $1.25 per lot.
  • Bonds – Commission as low as $0.05 on government bonds.
  • Listed Options – Commission as low as $1.25 per lot.
  • Mutual Funds – Commission, custody and platform fee at $0

Note – These are the base prices offered by the broker, for more details on the brokers’ prices, visit their website here.

SaxoMarkets Trading Platforms

SaxoMarkets provides clients with their award-winning proprietary trading platforms, SaxoTraderGO and SaxoTraderPRO as well as access to advanced third-party trading platforms like MetaTrader 4 and MetaTrader 5 and TradingView.


Saxotradergo Trading Platfroms
Saxotradergo Trading Platform

The SaxoTraderGO is a web-based trading platform, with an advanced but easy-to-use trading interface. The trading platform comes with a bunch of essential trading features and is available across multiple devices (PC and mobile).


SaxoTraderPro Trading Platform
SaxoTraderPro Trading Platform

SaxoTraderPRO is an advanced professional-grade trading platform, built for advanced traders. The trading platform is downloadable and comes with a fully customisable user interface as well as a number of professional trading tools and features.

SaxoMarkets Trading Platform Details

Platform FeaturesSaxoMarkets
PC PlatformYes
Mobile PlatformYes
Web Trading TerminalYes
Social TradingNo
Copy TradingNo
MetaTrader 4Yes
MetaTrader 5Yes

SaxoMarkets Customer Support

SaxoMarkets provides traders with a dedicated customer support team, available 24 hours every business excluding weekends.

The support team can be reached via live chat, support tickets and telephone calls. Also, depending on your account type, traders and investors can also get access to a prioritised local-language customer support service.


SaxoMarkets is no doubt an amazing broker overall, although it is more suited for professional traders and investors with huge trading capital, considering the fact that the broker offers a high minimum initial deposit of over $10,000, along with their professional-grade trading platforms.

Among other great trading benefits offered,SaxoMarkets also offers quality educational materials, a good range of asset classes with over 40,000+ instruments to trade, industry-leading prices and dedicated customer support teams.