Saxo Bank

Saxo Bank

Saxo Bank - Forex Broker

Broker nameSaxo Bank
Company nameSaxo Bank
Online since1999-01-01
Site urlhttp://www.saxobank.com
CountryDenmark
Minimum account size2000.00
Minimum account size currencyUSD
Minimum position size1.000000
Maximum leverage100
Maximum leverage description1:100
Spread levelmedium
Spread description2 pips on EUR/USD
Is regulatedYES
Regulation descriptionSaxo Bank is an officially registered European bank.
Easy registrationNO
Votes count309
Rating6.50
Email[email protected]

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Advantages

  • Unique trading software.
  • Very solid company.

Disadvantages

  • Opening an account is a complicated process.
  • Very high margin requirements.

Payments

  • Wire transfer

Categories

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6 Reviews

  1. chris:

    There is something wrong with this broker. I am going to tell you the story that happened to the friend of my friend. I have no reason to doubt that. So, he wanted to start to trade on Forex market for the first time. Before deposited with this broker $1,000, he asked them whether it would be save and they told he that this is totally sage, so he deposited. They were nice and friendly but the money did not reach his account eventually. They just disappeared. After this, they were not that nice and friendly any more. What happen after is that they did not say that there was something done wrongly by them. The guy wrote emails to them that they never replied and he had to wait for hours to be put through when he called them. There is still no money. They ask for craze amount for the first deposit. I am pretty sure that this broker is scam.

  2. Tiger:

    Because of some investors lost their money in GFX, they have to pay them out. Will they pay the rest. 6.4 million Pounds between 325 and 450 who have not been paid.
    What do they do to get the money back?

  3. Mai:

    I do not recommend you to trade with this broker. I am pretty sure that they are dishonest. I deposited with them and it was extremely fast but then it came to withdrawing they are so slow. In fact, I asked to withdraw my money last week and still did not get anything. I doubt if I will get my money someday. I called them several times and every time they convinced me that the money would be on my account today which never happened.
    They platform is bad with many errors and problems. I have experienced an error like “internal server error”. In this case you just cannot place an order, cancel an order or change your Stop Loss. The only way to do it is sign out and start all over again. In fact, there is no sense in setting stop Loss as it will not work out and you will lose your money.
    There is the information on their website that you can deposit only with $2,000 but this is not what is really is as they would ask you to deposit $10,000.
    Saxobank is SCAM. Please do not deposit with them.

  4. Paul Stevenson:

    If you are trade on FX, I suggest you to stay away from this broker. They are the worst!

  5. Bohumil Prazak:

    Platform is a bad dream. It shows on different time frames different prices. My advice is to choose some reliable platform and broker. By the way, their spreads are doubled against leverage.
    If you want I can send you the copies of screens.

  6. John Simmons:

    This is the worst broker I ever tried. It looks like they activated my stop Losses and got profit from it. I bought index CFDs and the market went up. They told me that this was because they had gotten incorrect feeds from their MM. What they did is cancelled my profitable trade and place it again.
    Are they a MM anyway? Beware of them. It is better to avoid them.

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