Statistics of SaxoBank votes

SaxoBank reviews

SaxoBank_logo SaxoBank 7/10 (votes 12468)

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

Ilias trader
review SaxoBank

I am happy with my experience at SaxoBank. They are professional brokers, their high minimum account size is worth it with their service. They always provide the best service, good quality platform with fast execution, and lowest spreads. It's very easy to use their platform, I can place an order in the position I want with easy customization. Customer service is also helpful and friendly. I made a profit many times and they always process my withdrawal requests on time. I have no words to complain, Saxobank is the best broker as far I know.

Hamza trader
review SaxoBank

I started trading with SaxoBank four months ago and I have no doubts trading with this broker. They have their own trading platform called SaxoTrader platform. Really this is good trading platform with plenty of tools. Also their trade execution and spreads are on a good level. They are transparent when it comes to sharing information. All withdrawals and deposits are very secured and safe, this is a very regulated broker.

Matej Marko trader
review SaxoBank

Saxobank dead company without support team. In Saxobank doesn't exist support team, they doesn't answer on me emails. It is SCAM broker.

Knowles trader
review SaxoBank

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

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.

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