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Saxo Bank
8
Best broker for

Summary

Recommended for investors and traders looking for a great trading platform and solid research

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Saxo Bank is a Danish investment bank founded in 1992, providing online trading and investments. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).

Saxo Bank is a global service provider. In the different regions, its subsidiaries are present in the form of separate legal entities. The services offered by each entity might change slightly especially in case of their fees and products available to trade. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, has a banking background, and is regulated by top-tier financial authorities.

Overall Rating 8

Saxo Bank pros and cons The Saxo trading experience is driven by an excellent, well-designed trading platform. The research service is also superb, with Saxo's proprietary research team constantly feeding trade ideas. Saxo has a wide-ranging product portfolio, meeting the needs of even heavy traders.On the negative side, Saxo's bond, options and futures trading fees are high. The minimum deposit is relatively high, ranging between $600-10,000 depending on your residency. There is no live chat with customer support or 24/7 availability.

PROS:
  • • Great trading platform
  • • Outstanding research
  • • Broad product portfolio
CONS:
  • • High bond, options and futures fees
  • • High minimum deposit
  • • Lacks live chat and 24/7 availability

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Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose.

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