Saxo Market is a fully regulated and globally trusted online broker, established by Saxo Bank in 1992. Over the years, Saxo Market has grown to become a leading fintech specialist, connecting traders and investors to over 40,000+ instruments across a variety of assets, all from a single trading account.
Saxo bank also provides traders and investors with great tools and trading features to ensure optimal trading conditions these include professional-grade trading tools, industry-leading prices and best-in-class trading service among others.
Saxo Markets Broker Details
|Head Office||Saxo Bank A/S (Headquarters)|
Philip Heymans Allé 15
2900 Hellerup, Denmark.
|Regulations||FSA (Denmark), FCA (United Kingdom), JFSA (Japan), ASIC (Australia).|
|Trading Desk Type||ECN/ DMA (Direct Market Access )|
|Trading Platforms||SaxoTraderGO, SaxoTraderPRO, MetaTrader 4, TradingView, Open API For Excel.|
£500 – the UK
3000 SGD – Singapore
$3000 – Australia
|Leverage||1:1 to 1:200|
1:1 1:30 (EU)
|Minimum trade size||0.01|
|Demo Account||Available – Open Demo Account|
|Deposit/ Withdrawals Methods||Card Payments, Bank Wire Transfer.|
|Asset Classes||Forex, Stocks, Mutual Funds, ETFs, Bonds, Equities,|
|Investment Products||Stocks, Bonds, ETFs, Managed portfolios|
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
Saxo Markets 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)
Saxo Markets Accounts
Saxo Markets provide 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 by Saxo Markets 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 By Saxo Markets
Saxo Market 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.
Saxo Markets Asset Class Details
|Forex||182 Forex pairs across majors, minors and exotics, plus spot metals.|
|Stocks||19,000+ stocks across core and emerging markets, on over 30+ exchanges around the world.|
|Mutual Funds||250 top-rated mutual funds from the world’s largest investors.|
|Exchange-Traded Funds (ETFs)||3,000 exchange-traded funds (ETFs) from 30+ exchanges around the world.|
|Bonds||5,000+ government and corporate bonds in Europe, the US, Asia, Middle East and Latin America.|
|Futures||200+ futures from 23 global exchanges, covering equity indices, energy, metals, agriculture, rates and FX.|
|Commodities||A wide range of commodities as CFDs, futures, options, spot pairs or exchange-traded commodities.|
Saxo Markets Spreads and Commissions
Saxo Markets 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.
Saxo Markets Trading Platforms
Saxo Markets provide 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.
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 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.
Saxo Markets Trading Platform Details
|Web Trading Terminal||Yes|
Saxo Markets Customer Support
Saxo Markets 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.
Saxo Market 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, Saxo Markets 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. Also trader can be rest assured that their capital is under safe hands as Saxo Market is fully licensed and regulated globally by top tier regulatory bodies across the world.
Saxo Markets FAQ
- Is Saxo Markets regulated?
Yes, Saxo Markets 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)
- Is Saxo Markets a regulated broker?
Yes, Saxo Markets is licensed and regulated across multiple jurisdictions, including
- Is Saxo Markets an ECN broker?
Yes, Saxo Markets is an ECN Broker.
- What is Saxo Markets minimum deposit?
Saxo Bank accepts a minimum deposit of $10,000 but it goes down to £500 for UK clients.
- Does Saxo Markets accept US traders?
No, Saxo Markets does not accept US traders.
- Does Saxo Markets allow scalping?
Yes, Saxo Markets allows scalping.
- Does Saxo Markets allow hedging?
Yes, Saxo Markets allows hedging.