Statistics of SaxoBank votes

SaxoBank reviews

SaxoBank_logo SaxoBank 7/10 (votes 12431)

On-line since: 1999
Country of origin: Denmark
Regulation: Finanstilsynet (The Danish FSA)
Payment options: Credit/debit cards, Wire transfer
Minimum account size: $10,000
Minimum lot size: 0,1 lot
Leverage: 1:20, 1:100, 1:200
Spreads: 2 to 3 pips on EUR/USD

SaxoBank is a leading brokerage company founded in 1992 by entrepreneurs from Denmark. Initially the company was called Midas, but it was renamed in 2001 after receiving the European banking license.

Today SaxoBank specializes in online trading in international capital markets. The company's customers have an opportunity to use a large number of financial instruments such as currencies, CFDs, options, futures, and other derivatives. In addition, the broker provides professional trading services to its investors.

Trading at SaxoBank is conducted through the SaxoTrader platform developed by the company’s specialists. SaxoTrader features a series of tools that optimize trading process.

SaxoBank head office is located in Copenhagen, Denmark. The company has offices in major cities of the world, including London, Paris, Istanbul, Geneva, Singapore, Sydney, Johannesburg, Tokyo, Madrid, Abu Dhabi, Prague, Milan etc. Traders and investors from more than 100 countries use services of this company.

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Comments about broker

Knowles trader
review SaxoBank
19-06-17

I know and learn a lot of knowledge in trading forex at Oanda by their site, so I can give some reviews about this broker. In my opinion, Oanda is a good and reliable broker. At first, I deposited with 200$ in demo account, and I also got a small profit – 100$. Then, I moved to trade in real account and put money with 600$, and luckily, I got profit with 550$. At the moment, my fund is over 1000$, so I decided to withdraw money with 600$. However, I can’t withdraw because the bank number I fund was different with my account. Therefore, I called their support and I told them about my problem. Their support asked me to provide letter from my bank about this replacement number. I got this letter after I kick the manager. It’s so hard to get this letter from my bank, and I have never asked my bank to change my number. So it is the first document that they want. After that, I got the email from them that I can withdraw using wire transfer. To be honest, I think Oanda is detail about withdraw money and I feel secure my money there. Thus, I feel happy when I trade with Oanda, so I highly recommend this broker to all traders.

Zim trader
review SaxoBank
30-05-17

I am disappointed with SaxoBank due to the manipulating prices. I have trade small and get a small profit, and day by day I made bigger profits by investing smaller capital. I am a scalper very price sensitive. I could strongly feel they always slip 1 or 2 pips every close order. even the market is not volatility. I think SaxoBank uses algorithmic strategy as whenever I tried to exit a position in a profit mode say for a few dollars it didn't close at the said price. The broker stole away a few pips and then closes. Imagine, more than 40 transactions that profit be lost. when my execution state of profit, but I check my account balance has become negative, more than 40 transactions! Not recommended.

Felisha trader
review SaxoBank
16-05-17

I think Saxo Bank is one of the reliable broker that I can rely on and I have been using it for one year. Along my journey with them, I don’t have much issues and MT4 system work well for me. In fact, previously MT4 platform was failed to execute my order properly that was the reason why I decided to left and now join SaxoBank. I believed there is still a lot of hard work require to become generous trader and I am so thank with this broker as they always provide good forex information and educational resources such as webinars to help traders like me improve in trading. I normally work on STOP LOSS and TAKE PROFIT setting to execute any position running on the platform. It is work and good. I can earned average $250 per week and so thanks with the earning. By right, I will keep trade with Saxo and wish more profit grow in account.

pipgongli trader
review SaxoBank
26-04-17

I'm satisfied with SaxoBank's performance so far. This company is one of the oldest on the market and it has a great experience in this sphere. They have quick and helpful customer service, it is a good and safe experience to trade with SaxoBank as compared with my previous brokers. Even though they are old brokers, but they keep abreast of the times. They have cross device capability, on my desktop, tablet or smartphone, move seamlessly between devices, always keeping my account information and trades up-to-date.

Marlene trader
review SaxoBank
12-04-17

They will reduce the balance of your account, without even an explanation. Personally, I don’t like it, when brokers mess up with trader’s accounts and then don’t explain what happened and why. I’d say, the requirement for account balance is obviously too high, considering that we’re talking about such an unreliable service.

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