Saxo Broker Review

Editor Editor:  Chris Cammack Updated: May 10, 2023
Author Author:  Alison Heyerdahl

Last Updated On May 10, 2023

Alison Heyerdahl
Broker Score
4.36 4.36 / 5
🏦  Min. DepositGBP 500
🛡️  Regulated By
💵  Trading Cost 
USD 8
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
Alert74%

Last Updated On May 10, 2023

Alison Heyerdahl

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website you agree to our Terms of Service.

Our verdict on Saxo

🏦  Min. DepositGBP 500
🛡️  Regulated By
💵  Trading Cost 
USD 8
⚖️  Max. Leverage30:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Trust Rating
111115/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
111003/ 5
Education & Research
11110.54.5/ 5
Assets Available
111115/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Welcome Bonus

Account Information

Base Currencies
AUD, CAD, CHF, CNH, CZK, EUR, DKK, GBP, HKD, HUF, JPY, NOK, NZD, PLN, SEK, SGD, USD
Number of FX Pairs
190
Crypto Pairs
9
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
VIP Account
Trading Desk
Commission
Fees Included in Spread
EUR/USD
0.40 pips
GBP/USD
0.60 pips
USD/JPY
0.80 pips
Negative Balance Protection

Company Details

Company Name
Saxo Bank (Switzerland) Lt
Founded
1992
Website Language
English
Support Language
English
Office Locations
Switzerland, Denmark, France, Italy, UK, Hong Kong

Pros

  • Well regulated
  • Innovative trading platforms
  • Wide range of financial assets
  • Excellent market analysis

Cons

  • Limited demo account
  • No swap-free account option
  • High minimum deposit

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Broker Score
4.36 4.36  / 5
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Saxo Financial Regulation

Regulator License
Regulator License

Saxo Trading Cost Comparison

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