Saxo Markets Review

Huge range of investment products

Pros

Cons

Contents

Introduction

Saxo Markets was founded in Denmark in 1992. This broker offers online trading in a very broad range of investment instruments. In addition to its huge product range, Saxo Markets offers user-friendly and advanced platforms with which you can trade efficiently. Saxo Bank is known for its high reliability and is one of the largest brokers in the world. They are active in 170 countries and process more than one million transactions per day.

Target audience

Almost all types of investors will quickly feel at home at this broker. The product range is huge. The trading platforms offer many possibilities and are user-friendly. With this broker you have cheap rates at your disposal if you trade in large volumes. Saxo is therefore suitable for both starting and experienced investors.

Is Saxo Markets reliable?

Saxo Bank is a very reliable broker. This broker is regulated in 15 countries, including the Danish Financial Markets Authority (FSA) and the UK Financial Conduct Authority (FCA).

Customer experiences on Trustpilot
2.9/5

Customers are generally positive about the service and the advanced trading platform. On Trustpilot they get a score of 2.9/5 which is not very good. This is mostly because of the higher costs.

Trading instruments

You can invest in shares, ETFs, forex, investment funds, bonds, options, futures, CFDs and cryptcurrencies. Saxo Bank generally charges average rates. The rates for trading in CFDs and forex are somewhat lower. Trading in shares and ETFs is slightly more expensive.

Stocks

0
Markets

Options

0
Markets

Futures

0
Markets

Funds

0
#

Bonds

0 k
#

ETFs

0
#

Trading platform

Saxo Bank is known for its good webtrader. It is very easy to use, and also offers enough advanced options for active investors. The platform is more equipped for active investors than for passive investors. For example, you pay £25 inactivity allowance for each quarter that you did not trade. You can choose from different platforms:

With the SaxoAcademy they offer the necessary education. Here you find a clear explanation of almost all functions of the platform. Forex analyzes are also available.

Fees and commissions

Saxo Markets is one of the more expensive brokers. Especially the service fee is quite high. Below, common transactions with associated transaction costs from different brokers are compared. The amount of service fee or custody fee of different brokers is also compared. Check out the comparison page for a complete fee comparison of all brokers.

Shares £1.000

Shares £10.000

Service fee £10.000

£9

£19

£12 PM

£1.89

£3.15

£0

£2.95

£2.95

£0

£11.95

£11.95

£0

£7.99

£7.99

€9.99 PM

Demo account

Saxo Bank offers the opportunity to try the trading platform for 20 days with a demo account. This allows you to try out your strategies and get used to the functionalities before you start for real.

In short

Due to the advanced trading platform and extensive product range, Saxo Bank is extremely suitable for the active investor. Day traders will also feel at home here with the highly advanced SaxoTraderPRO platform. Thanks to the modern and user-friendly web trader, this broker is also suitable for beginning investors. You can always use the demo mode first to find out if this broker suits you.

£ 0
per year*

# Active investors

100,000

Money guaranteed

€100.000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£600

Fees

4/5

Shares

0.10% min. £8

Options

$0.85

Leveraged products

Futures

£3

Funds or trusts

0.10% min. £8

ETFs

0.10% min. £8

Telephone order

£50

Service fee

0.12% min. £12 PM

Forex

CFDs

Cryptocurrencies

Customer service

3/5

Education

4/5

Usability

4/5

Trading platform

5/5

Bank transfer

Credit card

PayPal

Compare Saxo Markets with other share dealing brokers

£ 0
per year*

# Active investors

400,000

Money guaranteed

£20,000

Reliability

4/5

Securities lending

Yes

Mobile app

Demo account

Minimum deposit

£1

Fees

5/5

Shares

£1.75 + 0.014%

Options

€0,75

Leveraged products

£1.75 + 0.014%

Futures

€0.75

Funds or trusts

€0-€7,50+0,10%

ETFs

€2 + 0.03%

Telephone order

£8.50

Service fee

€0

Forex

CFDs

Cryptocurrencies

Customer service

4/5

Education

3/5

Usability

5/5

Trading platform

4/5

Bank transfer

Credit card

PayPal

£ 0
per year*

# Active investors

300,000

Money guaranteed

£85,000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£1

Fees

4/5

Shares

£7.99

Options

Leveraged products

Futures

Funds or trusts

£7.99

ETFs

£7.99

Telephone order

£49

Service fee

£9.99 PM

Forex

CFDs

Cryptocurrencies

Customer service

5/5

Education

2/5

Usability

5/5

Trading platform

4/5

Bank transfer

Credit card

PayPal

£ 0
per year*

# Active investors

178,000

Money guaranteed

£85,000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£450

Fees

4/5

Shares

£3 – £8

Options

£0.10

Leveraged products

Futures

Funds or trusts

£8

ETFs

£8

Telephone order

£40

Service fee

£24 PQ – paid commissions

Forex

CFDs

Cryptocurrencies

Customer service

5/5

Education

5/5

Usability

4/5

Trading platform

5/5

Bank transfer

Credit card

PayPal

£ 0
per year*

# Active investors

100,000

Money guaranteed

€100.000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£600

Fees

4/5

Shares

0.10% min. £8

Options

$0.85

Leveraged products

Futures

£3

Funds or trusts

0.10% min. £8

ETFs

0.10% min. £8

Telephone order

£50

Service fee

0.12% min. £12 PM

Forex

CFDs

Cryptocurrencies

Customer service

3/5

Education

4/5

Usability

4/5

Trading platform

5/5

Bank transfer

Credit card

PayPal

* Estimated annual costs with £10,000 one-time investment, £100 monthly investment and an average investment profile. Investing involves risks of losses.