Saxo broker: key findings 2022

Saxo Bank is a multi-asset broker firm having brilliant research & a superb trading platform, as well as a fantastic selection of more than 40,000 securities. For active investors (or those who can manage the steep account balance needs), Saxo Bank offers a fascinating and rich trading experience with a vast selection of tools, research, & premium characteristics.

Saxo bank safety:

Saxo Bank is considered a low-risk platform, having an overall 99 /99 trust score. Saxo Bank doesn’t trade publicly; it operates through a bank & is authorized by six tier-1 regulators (which means a high level of trust). Saxo Bank is regulated by the tier-1 regulators such as the Financial Conduct Authority (FCA), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), and Swiss Financial Market Supervisory Authority (FINMA).

Regulatory Comparison:

Characteristics                                                                                                               Saxo Bank

Year of establishment                                                                                                      1992

Publicly Traded                                                                                                                    No

Tier-1 License                                                                                                                       6

Tier-2 License                                                                                                                       1

Tier-3 License                                                                                                                      0

Commissions & fees:

Saxo broker provides excellent overall pricing. For active traders and large account balance holders, Saxo provides the lowest pricing in the industry.


In August 2020, the EUR/USD average spreads were 0.8, 0.7, & 0.6 pips. This is for the Classic, Platinum, & VIP accounts.

  • Classic account: The classic account needs a $2,000 least deposit in many cases, although it keeps changing if you are located in the U.K. (GBP 500), Australia (AUD 3,000), or Singapore (SGD 3,000).
  • Platinum account: The least deposit of the platinum account is $200,000 or AUD 300,000 (Australia). Investors with the classic account can be upgraded to Platinum by acquiring the volume-based loyalty points by Saxo Bank’s Loyalty Plans
  • VIP account: For 2022, Saxo Bank won the award of Best VIP Client Experience. Its VIP account offers the best savings on pricing. It is reserved for elite traders who deposit a minimum of $1,000,000 or upgrade their accounts under Saxo Bank’s Loyalty Program.

Commission: Saxo bank is a commission-free broker, which means it earns money off the spread. But there is an exception: traders who trade less than fifty thousand units per month (1/2 of a standard lot) are charged a $3 per side ticket fee.

Best execution: Saxo Bank is registered to FX Global Code, an evolving interbank standard based on disclosures & implementation of best practices. The FX Global Code aims to boost global integrity & transparency around the foreign exchange market.

Mobile trading platform:

Saxo brokers have a relatively similar function as its web platform. Saxo broker’s mobile trading platform works for both iOS & Android versions. The application is available in many languages & has similar search functions, types of orders & alerts as its web trading platform with two-step authentication.

The trading platform falls short in terms of user-friendliness as traders like its modern design but are a little disappointed about the confusing structure of the menu, which is sometimes difficult to search for the things the users are looking for.

Olivia bradly
the authorOlivia bradly
I am a professional writer and blogger. I’m researching and writing about innovation, Entertainment, technology, business, and the latest digital marketing trends click here to go website. You can read more Biographies. emily rinaudo wpc2025 frances beatrix spade ramneek sidhu entrepreneur instagram bottled and jarred packaged goods cameron herren filmy4web y2mate com inatogel How Late is the Closes Grocery Store Open ramneek sidhu

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