Saxo Markets Guide – Read our In-Depth Saxo Markets Review
This Saxo Markets review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Saxo Markets review does not apply to US users.
If you're a new entrant in the world of trading and broker, so many facts will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You will get adept at all the concepts of brokerage as you continue trading. For starters, you have to choose the right broker who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program will generate hefty returns. Saxo Markets is just one such stage that will take you and your investment to great heights. It's important that you know all about Saxo Markets before you trust them with your money.
Our full Saxo Markets Review covers all you will need to know about trading with Saxo Markets. A good broker can multiply your first investments and provide you positive profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you should carefully assess your broker before you choose them. It is a common misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, initially, can set your investments in danger.
Saxo Markets is a broker that has forged its way successfully into the broker world. Within this review, we have tried to collate a number of the vital facets of Saxo Markets. This review can help you to understand whether Saxo Markets is a good match for your own investments or not. We've attempted to breakdown all the features and charges for your advantage.
Saxo Markets Review, Table Of Contents
- Who are Saxo Markets?
- Benefits Of Trading With Saxo Markets
- Everything you should know about trading with Saxo Markets
- Is Saxo Markets Safe To Trade With?
- Pro's & Con's Of Trading With Saxo Markets?
- Compare Brokers Similar To Saxo Markets
- Regulation And Licencing In More Detail
- Saxo Markets Awards
- Minimum Deposit Required For A Live Account With Saxo Markets
- Saxo Markets Commission And Fees Explained
- Compare broker fees against Saxo Markets
- Saxo Markets Withdrawal Fees Explained
- Saxo Markets Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Saxo Markets?
- Alternatives To Saxo Markets
- Frequently Asked Questions About Saxo Markets
Who are Saxo Markets?
Saxo Markets is a forex broker headquartered in Denmark and provides a range of tools for online trading. Since its inception in 2012, Saxo Markets has emerged as a top-tier player in the industry of online brokerage. Saxo Markets has an extremely competitive and full-featured trading website that's focused on currency, indices, metals, shares, commodities.
Over the past 9 years, Saxo Markets has grown into one of the leading online brokers.
After launching in 2012, their consumer base is becoming as big as 10,000+ clients.
Saxo Markets is the favorite of many traders.. Our Saxo Markets review found that they're an superb alternative for automated trading options. It's best suited for investors that are looking for a variety of assets. Social and automated trading solutions are the heart at Saxo Markets.
Technology plays a substantial role at Saxo Markets. Saxo Markets features trading on Mac, Web Trader, Tablet & Mobile apps. Saxo Markets is fair, transparent, and a well-regulated broker by the Financial Conduct Authority (FCA). Their outstanding variety of tools will be beneficial for most traders. Third-party partnerships also provide in-house research.
The educational department at Saxo Markets is very enlightening for new dealers as it permits them to get a closer look in the financial markets. Saxo Markets caters to all types of traders and are a must-have broker for any well-diversified method of online trading.
If you feel that Saxo Markets is not right for you then at the bottom of this Saxo Markets review you wil find a lot of alternatives to Saxo Markets.
What you ought to know about trading with Saxo Markets
Saxo Markets is a dynamic platform that offers various methods of trading online. These instruments cover the financial markets substantially. Most of the broker platforms offer less methods than Saxo Markets
If you would like to exchange with Saxo Markets, you'll need a minimum deposit of $6500. This deposit is compulsory if you wish to start trading with Saxo Markets. This 2021 Saxo Markets review will guide you easily about trading with them.
Saxo Markets is as versatile as any other brokerage platform. Saxo Markets is great for traders that want a manageable selection of cheap services. The platforms offered by Saxo Markets are third-party, white-label offerings. All traders can select from Mac, Web Trader, Tablet & Mobile apps.
Along with everything, Saxo Markets has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade must be kept open. The brokers provide premium client service that rewards customers with advantages.
Many unprofessional brokers attempt to pressurise consumers into bigger funding for superior services. Saxo Markets, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the more benefits will come along.
Saxo Markets accounts are available around the world and provides quality service everywhere they have clients. There are only a select few countries where Saxo Markets accounts are not available. Traders in the following countries cannot open or use a Saxo Markets account:
Is Saxo Markets Safe To Trade With?
Launched in 2006, Saxo Markets has been in operation for 9 years, they are headquarted in Denmark.
Saxo Markets is regulated by Financial Conduct Authority (FCA). These figures have rules that ensure that trading platforms have steps in place to keep investor's resources secured. This means that Saxo Markets users don't need to be worried about their money since it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's personal information also.
You are able to make use of an option for Two Factor Authentications (2FA) with Saxo Markets for heightened safety. An SMS with the confirmation code will be sent to your mobile phone. You'll be required to input this code to log into your account.
Another concern with financial brokers is in regards to security might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is much more widespread in the case of Market Maker brokers who compete with customers on the stage.
Pro's & Con's Of Trading With Saxo Markets
Every online trading platform has a few pros and cons Saxo Markets review would be complete without showing both sides. This Saxo Markets review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Saxo Markets Pro's
- Saxo Markets is trusted by 10,000+ clients
- Saxo Markets doesn't charge withdrawal fees
- Saxo Markets doesn't charge inactivity fees
- Saxo Markets doesn't charge deposit fees
- Saxo Markets offer trading on Mac, Web Trader, Tablet & Mobile apps
- Saxo Markets offer 100 trading instruments
- Saxo Markets trades major forex pairs
- Saxo Markets trades minor forex pairs
- Saxo Markets trades exotic forex pairs
- Saxo Markets can communicate in
Saxo Markets Con's
- Saxo Markets does not offer Negative Balance Protection
- Saxo Markets does not offer Guaranteed Stop Loss
- Saxo Markets doesn't offer trading on cryptocurrencies
- Saxo Markets charge CFD fees
Saxo Markets Review - Compare Brokers Similar To Saxo Markets
|Saxo Markets||FxPro||Binary Mate||z.com|
|Regulated By||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA), Financial Services Authority (FSA), Securities and Futures Commission (SFC)|
|Find Out More|
|Risk Warning||Losses can exceed deposits||Your capital is at risk||Your capital is at risk||Your capital is at risk|
Saxo Markets Review - Regulation And Licencing In More Detail
Saxo Markets is regulated by Financial Conduct Authority (FCA).
Saxo Markets, as a company, has a strong collection of rules for ensuring honest trading on its own platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client information is never to be shared with some other institutions or individuals. This includes credit history and other financial details.
Saxo Markets Review - Awards
- At the time of writing this Saxo Markets review, they had not received any awards.
Saxo Markets Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on Saxo Markets is $6500. This is an adequate amount for people just beginning. It's possible to create more complex deposits as you go along. However, make certain you know how to make the most of your cash before investing larger amounts.
Saxo Markets Review - Commission And Fees Explained
Saxo Markets is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of clients they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three different types of fees for this purpose.
The first sort of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In such instances, you are spending a spread, funding rate, or even a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are people that are charged when you hold a leveraged position for longer than daily.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, Saxo Markets does not charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who regularly trade, for example weekly or daily trading.
But, non-trading fees charged by Saxo Markets are relatively competitive. As a result, you are billed more for non-trading activities on your trading account, such as deposits and withdrawal. These aren't related to the purchase and sale of assets.
This Saxo Markets review breaks down every one of the applicable non-trading charges for you in detail.
Compare broker fees against Saxo Markets
|Saxo Markets||FxPro||Binary Mate||z.com|
|CFD Fees||Yes||charge commissions on cTrader only|
Saxo Markets Review - Withdrawal Fees ExplainedSaxo Markets doesn't charge withdrawal fees
Withdrawal of money is possible at any time from the Saxo Markets account. It's possible to withdraw up sums to the sum of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't necessarily have to have any cash in your account.
Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent to the card. Saxo Markets will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are choosing to draw in.
Saxo Markets Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your mind while open an account with Saxo Markets. An inactivity fee is an amount charged to registered dealers that haven't participated in purchasing or selling for a while. The period regarded as inactive is determined by the broker.
The inactivity fee differs from one agent to another and is not standardized. If a traders account does not have a buying or selling trade, it is claimed by the broker as an inactivity charge. The traders need to pay this fee under terms and conditions they had agreed while registering.
Saxo Markets doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no charges have been implied by Saxo Markets, it is best that you close the account if you're inactive. Inactivity fees are not only charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is subjected to many conditions and should be disclosed clearly by the broker beforehand.
Saxo Markets Review - Deposit Fees Explained
When you transfer money in your trading account from your bank account, a deposit fee can be charged by the broker. Most agents do not charge too much money for this particular operation.
Saxo Markets doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the Saxo Markets trading platform is easy. You just need to complete a single-user profile survey to start depositing money into your trading account. You will need to provide an identity proof and evidence of residency to deposit substantial sums.
Saxo Markets Review - Compare Broker Deposit Methods
|Saxo Markets||FxPro||Binary Mate||z.com|
What Can You trade With Saxo Markets?
Note: Saxo Markets provides a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may differ based on the country of residence of the client.
Saxo Markets has a wide variety of over 100 instruments available for you to trade with.
If trading currency pairs is of interest to you then Saxo Markets offer over 200 currency pairs.
Compare Saxo Markets, FxPro, Binary Mate & z.com below.
Alternatives To Saxo Markets
If, after studying this Saxo Markets review, Saxo Markets doesn't fulfill your requirements check out these Saxo Markets alternatives.
We have scoured the web to find the best alternatives to Saxo Markets. Click on the hyperlinks below to find out more.
Frequently Asked Questions about Saxo Markets
Can I try Saxo Markets before I buy?
Yes, you can most certainly try Saxo Markets before you buy. Saxo Markets provides demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demo account on Saxo Markets, you may set out with a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you before you choose to invest your own money.
With this digital Saxo Marketsdemo account, you are able to experiment at all, to whatever length you desire. You might even open positions, test different trading strategies, and much more.
Saxo Markets specifies on its official site which you can exchange real time stocks with your demo account.
Is Saxo Markets safe?
It is possible to drop all of your worries because we believe that Saxo Markets is totally safe to use. It is in compliance with the rules of Financial Conduct Authority (FCA).
Nevertheless, Saxo Markets does not provide assured stop-loss protection.
Why does Saxo Markets ask for my passport?
The reason that Saxo Markets asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Saxo Markets has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Saxo Markets must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Saxo Markets?
The process to start trading withSaxo Markets is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Saxo Markets website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Saxo Markets is $6500. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Saxo Markets.
The best way to kickstart your trading career with Saxo Markets is to open a demo account facility before risking any real money
What funding methods do Saxo Markets accept?
There are a number of ways to finance your accounts with Saxo Markets. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must bear in mind that PayPal is not available in every place. The monies Saxo Markets
Is my money safe with Saxo Markets?
Yes, your money is safe and protected with Saxo Markets. As you know, Saxo Markets operates with good conformation to. It has established plenty of measures to protect all of its own investors.
Saxo Markets safeguards its customers' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further safeguard your account, you can enable Two-Step Verification also. It takes an SMS confirmation that you access your account.
Is Saxo Markets trading good?
Yes, trading via Saxo Markets is a pleasant and good experience indeed. It's a great and intuitive platform with helpful features for your ease. Moreover, you could even obtain access to a huge selection of educational tools and assistive substance to kickstart your trading experience.
If you are still skeptical, you can open a eToro demo account and assess the credibility of the platform for yourself.
Which Countries does Saxo Markets support?
Saxo Markets operates across the world. However, due to regulations there are some countries that Saxo Markets cannot accept clients resident in
Is Saxo Markets legit?
Saxo Markets is a legit company headquarted in Denmark since 2012. They are regulated by Financial Conduct Authority (FCA). Saxo Markets is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Saxo Markets a good broker?
Saxo Markets is an excellent agent, and its own users may vouch for this. The highlight of the platform is its fast order execution on transactions.
You'll discover the clean layout of the platform along with the commendable features that a pleasure to work with.
Is Saxo Markets a trustworthy broker?
Yes, Saxo Markets is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Saxo Markets?
The minimum deposit to open a live account with Saxo Markets is $6500
How long do Saxo Markets withdrawals take?
Normally, withdrawal of money from Saxo Markets is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Saxo Markets to show in your bank account.
Are Saxo Markets regulated?
Saxo Markets are regulated by Financial Conduct Authority (FCA)
Is Saxo Markets a market leading broker?
Saxo Markets is currently among the industry leaders. It has over 10,000+ registered users and over 9 years of expertise on its own record. They're one of the world's top trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and broad range of resources plus tools so you can invest in capital markets.
Is Saxo Markets a con?
No, Saxo Markets is not a con. They are regulated by Financial Conduct Authority (FCA) and must adhere to their rules. Thus, it is safe to say that Saxo Markets is not a scam.
Can you make money with Saxo Markets?
Through Saxo Markets, many traders earn a lot of cash. However, on average, through continual trading, you also can create between 2% - 10% profit a month.
This may seem to be a small number, but within the year, this adds to a significant amount of gains. Even though Saxo Markets provide you all the tools to earn money, they can't guarantee you will gain.
Does Saxo Markets have fees?
Yes. To begin trading using Saxo Markets, you have to deposit $6500. Certain commissions while trading additionally applies. Any processing fees from your bank might have to be incurred by you.
When was Saxo Markets founded?
Saxo Markets was founded in 2012 in Denmark. Saxo Markets is regulated by Financial Conduct Authority (FCA).
How many people use Saxo Markets?
Saxo Markets is a worldwide recognised broker with 10,000+ clients.
Where is the Saxo Markets head office?
Saxo Markets has its head office in Denmark
Does Saxo Markets offer negative balance protection?
No. Saxo Markets does not provide negative balance protection. If your balance is negative, Saxo Markets indicates that you promptly contact client services. For this, you can correct any imbalances in your own account.
Does Saxo Markets offer guaranteed stop loss?Saxo Markets regrettably, does not offer guaranteed stop loss. Saxo Markets provides a chance to its traders to close their trade in their specified price. Aside from that, Saxo Markets doesn't provide guaranteed stop loss.
Does Saxo Markets allow scalping?Yes, Saxo Markets do permit scalping. Several traders across the world select Saxo Markets for their scalping services. They offer trading on Mac, Web Trader, Tablet & Mobile apps which allow this.
Does Saxo Markets allow hedging?
Yes, Saxo Markets does allow hedging.
Can you trade energies with Saxo Markets?
Yes, you can trade energy stocks with Saxo Markets
Can you trade agricultural shares with Saxo Markets?
Yes, you can trade agricultural stocks with Saxo Markets
Can you trade cryptocurrency with Saxo Markets?
No, unfortunately you cannot trade cryptocurrency with Saxo Markets
Can you trade metals with Saxo Markets?
Yes, you can trade metals with Saxo Markets
Can you trade UK Shares with Saxo Markets?
Yes, you can trade UK shares with Saxo Markets
Can you trade US Shares with Saxo Markets?
Yes, you can trade US shares with Saxo Markets
Can you trade Japanese Shares with Saxo Markets?
No, unfortunately you cannot trade Japanese shares with Saxo Markets
Can you trade German Shares with Saxo Markets?
Yes, you can trade German shares with Saxo Markets
Does Saxo Markets accept bank transfers?
No, Saxo Markets does not accept bank transfers.
Does Saxo Markets accept credit cards?
No, Saxo Markets does not accept credit cards.
Does Saxo Markets accept PayPal?
No, Saxo Markets does not accept PayPal.
Does Saxo Markets accept Skrill?
No, Saxo Markets does not accept Skrill.
Does Saxo Markets accept Payoneer?
No, Saxo Markets does not accept Payoneer.
Does Saxo Markets accept Neteller?
No, Saxo Markets does not accept Neteller.
Does Saxo Markets offer Live Chat customer support?
No, Saxo Markets does not offer customer support through live chat.
Does Saxo Markets offer phone customer support?
No, Saxo Markets does not offer customer support over the telephone.
Does Saxo Markets offer email customer support?
No, Saxo Markets does not offer customer support through email.
What languages can Saxo Markets communicate in?
Saxo Markets has the ability to communicate and support customers who speak:
Does Saxo Markets have a wikipedia page?
No, Saxo Markets does not have an official wikipedia page.
Does Saxo Markets offer demo accounts?
Yes, Saxo Markets offers demo accounts so you can learn their systems before risking any real money.