Saxo Markets is a part of Saxo Bank, an investment bank founded in 1992. This brokerage, trading, and investment firm was founded in 2006 in London, UK. The renowned investment bank has its headquarters in Copenhagen, Denmark, and offices worldwide. The broker has over 25 years of expertise in providing multi-asset trading over 80 exchanges around the world. The seamless execution with liquidity provided by 15 banks and the transparent trading model makes Saxo Markets one of the most popular brokers among its competitors. The broker offers access to a fantastic selection of over 40,000 financial instruments across multiple asset classes, such as forex, commodities, futures, stocks, listed options as leveraged products, ETFs, and bonds as Trading Products. With its unique proprietary trading platform, the broker also offers third-party trading platforms such as the well-known MetaTrader trading platform. The broker is fully regulated by 15 strict regulatory bodies worldwide, including the top-tier FCA and FSA. Saxo Markets offers trading at very competitive prices in terms of commissions and spreads that are very transparent with direct market access.
Access a huge selection of more than 40,000+ financial instruments across various asset classes. Using powerful platforms you can trade, hedge and invest from a single account with one of the leading brokers in the industry.
Saxo Markets has one of the greatest modern trading platforms and an outstanding research team to offer trading services to its customers. The massive Trading Products portfolio with a transparent trading environment provides an edge to its customers. The broker has very low forex trading fees, predefined low to average commissions, and third-party trading tools to facilitate its customers with the best services.
On the other hand, the broker has high bonds, options, and futures trading fees. Moreover, there are inactivity fees. The broker has a minimum deposit higher than its competitors, and it charges its customers for most of the fundamental data provided. Live chat support is only provided on trading platforms.
- Over 42,000 trading instruments
- Excellent trading platforms
- Comprehensive market research
- Low forex fees
- No deposit or withdrawal fees
- Fully digital account opening
- Two-step verification for security
- Trading ideas
- Fundamental data
- Demo trading
- Trading platform tutorials and educational videos
- Banking license
- Negative balance protection
- Managed portfolios
- Market analysis
- Trading services available for almost all countries
- Comparatively high minimum deposit
- Electronic wallets are not available as the payment method
- Customer support is not available 24/7
- Live chat support is not available
- High bonds, options, and futures fees
- Inactivity fees
- Fundamental data not available free of cost
- US clients are not accepted
- Slow account verification process
Saxo Markets provides traders and investors with access to over 40,000 products across asset classes, allowing them to trade, hedge, and invest from a single account. The prominent products available are stocks, Forex spots, CFDs, futures, ETFs, bonds, mutual funds, forex options, and listed options. Whether traders want to invest in cash items, trade leveraged products, or let the pros handle their money, there is something for everyone with this Saxo Markets.
With the same account, traders at Saxo Markets can trade 19,000+ equities in core and emerging markets on 37 exchanges worldwide. With ultra-competitive ETF fees, traders can trade over 3,000 ETFs from 30+ exchanges across the world. From the same platform, traders can digitally trade 5,000+ government and corporate bonds. Clients benefit from the finest spreads with the least amount of markup. Orders are sent directly to a computerised dealer auction, where the top end of 50+ liquidity providers compete for your order and return the best possible price for real-time execution. Saxo Markets eliminates manual procedures across the conventional bond trading value chain with direct electronic access to liquidity sources, resulting in much cheaper fees. Top-rated mutual funds from the world’s major investors are available at Saxo Markets. When investors invest in mutual funds with this broker, they only pay the management fee.
Clients can invest their money in managed portfolios designed by Saxo Bank. Clients will be able to track their investments, withdraw funds, and exit trades at any moment. Each portfolio is made up of a mix of assets, investing techniques, and portfolio managers. A customer can go through the specifics of each portfolio to see which one best fits his budget, desired assets, risk tolerance, and return rate. Investing in financial products is always full of risks. As a general rule, you should invest in financial products only if you know the risks involved.
Traders can trade majors, minors, cryptocurrencies, exotics, and commodities over forex spot pairs and futures. Single stocks, indices, currencies, cryptocurrencies, commodities, options, and bonds are available for CFD trading at Saxo Markets. Five government bonds are available as CFDs. Saxo Markets offers futures from 23 worldwide exchanges. Saxo Markets provides traders with FX vanilla options with maturities ranging from one day to twelve months, allowing traders to select the expiration and take advantage of the price that best matches their strategy and market outlook. Clients may choose from over 1,200 options listed on 23 exchanges across the world. There is no minimum investment duration, and you can withdraw at any moment without incurring any fees.
Saxo Markets Instruments Summary
Commission and Spread Fees
Saxo Markets offers average, transparent trading costs in terms of spreads and commissions compared to its competitors. Depending on the trader’s investment, a variety of accounts are available. In general, the more you trade with Saxo Markets, the lower your trading costs are and the better service you receive. The broker offers trading forex and funds at very low prices. On the other hand, the trading costs of stocks, bonds, and futures are high.
Moreover, traders are forced to trade with their capital or else charged with an inactivity fee. Traders can start trading forex spots at very low spreads starting from 0.6 pips, CFDs trading starting from 0.85 pips, and forex options starting from 3.0 pips. On the other hand, starting from £5 commission on UK stocks, $1 per lot commission on commodities, $3 commission per lot on the US listed ETFs, $1 commission per lot on futures, 0.05% commission on govt bonds, and $0.85 commission per lot on listed options are charged from customers. Overall, the broker has very lucrative trading costs.
|Commission (per standard lot per side)
Deposit and Withdrawal Fees
Saxo Markets offers popular payments methods as deposit and withdrawal methods. They do not charge any deposit or withdrawal fees which is great.
Customers are charged £25 or equivalent inactivity fee per quarter in case of no trading activity. If you would prefer not to pay an inactivity fee, Swissquote also have an impressive product range but do not charge any inactivity fees.
Saxo Markets has its own unique trading platforms with integrated trading tools for in-depth market research, trade signals, news feeds, and revolutionary risk-management features. With a single Saxo account, you may access all platforms. Whatever your trading needs or degree of experience, there is a right trading platform for you. The broker also provides the popular third-party MetaTrader 4 (MT4) platform, API connection, and third-party tools in addition to the Saxo platforms.
SaxoTraderGO is a multi-award-winning trading platform that includes a variety of tools for efficient trading and in-depth market analysis. SaxoTradersGO is simple to use and is compatible with Windows, Mac OS X, and Linux systems. It’s mobile-friendly, with SaxoTraderGO mobile trading applications for iPhone and Android. The key features of SaxoTraderGo are as followed:
- Built for speed and efficiency
- Autochartist embedded
- 15 timeframes
- 7 chart types
- OCO, stop limit, trailing stop, market orders
- 50+ technical indicators
- Account administration
- Portfolio summary
- Performance analysis
- Historical data
- Analysis, news, trading ideas, and training tools
- Market commentary and analysis
- Account shield, stop orders, margin alerts, margin breakdown, cancel all orders, and quick close risk management tools
- Enhanced Trade Ticket generation
- Option chain
SaxoTraderPRO is a premium trading platform for professional traders from Saxo Bank. This professional-grade platform is fully configurable and equipped with critical features to provide skilled high-volume traders with a superior trading experience. It is available for download and installation on both Windows and Mac OS systems. Here are the key features you can enjoy by trading with SaxoTraderPRO:
- Ready for 6 screens display
- Access over 40,000 instruments.
- Account analysis
- Performance reports
- Handle orders in real-time with the level 2 order book
- Ability to see real-time order executions on an exchange
- Ticket for advanced trading
- Drawing tools
- 50+ technical indicators
- Both Forex vanilla and touch options are available
- Depth Trader
- Time and sales data
- Algorithmic orders
- Charting package
- Option chain
- Performance analysis
- Returns analysis
- Portfolio summary
- Account shield, stop orders, cancel all orders, margin breakdown, margin alerts, and quick close risk management tools
MetaTrader 4 (MT4) is a trading platform built by MetaQuotes and used by millions of Forex and CFD traders worldwide. MT4 is widely recognised as one of the most user-friendly trading platforms, offering a diverse set of trading tools for market analysis and order management. MT4 is accessible using a single Saxo Markets account. Traders can plan, place, and manage your trades on your MT4 platform while using Saxo Markets’ industry-leading execution and liquidity. Under Saxo Markets’ more favourable conditions, continue to test your trading approach using MT4 tools like Expert Advisors and customised charts. There are a variety of liquidity solutions available. MT4 accounts can access Saxo Bank’s own liquidity, which offers minimal fees and superior execution. On request, Direct Market Access with access to more than 25 Tier 1 liquidity providers is also available. I think it would be great if they also supported the newer MT5 platform. If that is your platform of choice then you might want to take a look at IG instead. Here are some salient features you can enjoy while trading on MT4 with Saxo Markets:
- Saxo real-time feeds
- An interface that can be customised
- A variety of chart types
- Multiple timeframes
- Limit, pending, and market orders
- Over 50 technical indicators
- Drawing tools
- email, SMS, and pop-up alerts
- Automate trading with Expert advisors (EAs)
- Back-testing EAs with a strategy tester
- MQL programming interface for customised tools
- MQL marketplace for signals and tools
- Desktop, online, and mobile platforms
- Multiple languages
Connectivity and API
Receive customised multi-asset liquidity via FIX API and gain market access through a stable, rapid, flexible, and well-documented electronic infrastructure. Saxo Markets builds competitive solutions best suited to customers’ flow with over 20 years of expertise in developing liquidity pools and execution capabilities. They have one of the most impressive API connections I have seen, Global Prime also being worth a mention.
- Liquidity across several assets and complete back-office functions
- Connect with important technology, platform, and bridge vendors
- Presence in the world’s most important financial data centres
Access Saxo Bank’s entire capital markets infrastructure, including instrument and client portfolio data, charts, quotes, order placement, lead sign-up, and event notifications, through a single REST web API based on modern standards, on the same API used by their award-winning platforms (including market data).
- Use proprietary UI/UX to your advantage
- Make secure development easier
- Improve your agility
OpenAPI for Excel
Excel’s sophisticated automation capabilities can be used to create a personalised trading environment. In Excel, you can see and manage your portfolio. When you connect to Excel using OpenAPI, you may execute sophisticated commands and create custom workspaces. Use Excel’s strong automation features. When you connect to Excel using OpenAPI, you may execute sophisticated commands and create custom workspaces. Using dynamic data and algorithmic triggers, create and execute a completely automated trading strategy. Use it as a standalone solution or in combination with SaxoTraderGO. Set up bulk deals and do automated hedging.
Traders at Saxo Markets can browse and share ideas and insights with millions of traders from around the world as part of an active community. Customers can identify and analyse trends using advanced charting tools on easy-to-read, completely configurable charts. There are 100+ prebuilt indicators and other tools to outsource technical analysis. I think TradingView is an excellent charting software which you will not find available through many brokers, Forex.com being another option who do.
MultiCharts is designed for experienced traders and offers extensive market analysis and high-speed one-click trading directly from the chart. Advanced market analysis tools, rigorous backtesting, and chart trading can help traders fine-tune their trading strategy. View high-definition charting that is entirely configurable and includes built-in indicators and strategies. With full support for automated trading, you can get faster and more robust execution. With powerful backtesting options, you can verify and improve your strategy.
Dynamic Trend is a complete stock and options analysis and trading platform. Connect to Dynamic Trend’s complete suite of options tools via your Saxo account. You can trade Saxo’s full range of US stocks and stock options on Dynamic Trend against the same conditions as on their own platforms. Dynamic Trend provides the data and tools you need to make smarter trading decisions.
Leverage Dynamic Trend’s Options Volume Map to identify price targets and convert these directly into suitable option strategies with the Options Strategy Builder.
Use advanced tools to refine your option trading strategy, including the Option Projection tool, Decay Chart, Matrix Scanner, Spread Select, and more.
Free access to expert online education and weekly webinars hosted by the Dynamic Trend team.
- Options Volume Map
- Option Price Projection
- Options Strategy Builder
- Decay Chart
- Matrix Scanner
- Spread Select
Use expert technical analysis, scanning, alerting and system testing to improve your timing and performance. Access Updata Analytics expert technical analysis tools via your Saxo account with top technical tools including automated price projection targets with one key press, scanning, alerting and system testing. On Updata Analytics you can trade FX, index CFDs, futures and stocks. Updata Analytics provides the tools and analysis you need to make better trading decisions.
- Run hundreds of charts live across virtual desktops
- Over 1,000 pre-built custom indicators and trading strategies
- 10-module advanced technical trading course
- Trade from Charts
- Run on multiple data sources
- Scan instrument universes for your own criteria
- Powerful system testing and strategy development
- Scan long lists of trading systems for the best trading results
Saxo Markets Platforms Summary
|MetaTrader 4 (MT4)
|MetaTrader 5 (MT5)
|Proprietary (SaxoTraderGO, SaxoTraderPRO)
With Saxo Markets’ educational materials and professional analysis, traders can learn new techniques and improve their trading edge. Video courses, trade tips, seminars, and other resources are available.
Take a tour of the platforms and learn how to place orders, manage positions, do analysis, and more. Video lessons may be found in the Education part of the trading interface and on the broker’s website.
Learn Trading Basics
Short online courses covering the fundamentals of financial products allow you to explore the markets at your own pace. These e-learning courses on equities, forex, ETFs, bonds, commodities, and macros are intended to provide you with the tools you’ll need to comprehend and navigate the markets. With the brief, step-by-step courses, you can learn at your own speed, with videos, interactive activities, and quizzes to keep track of your progress. The most serious task for every trader or investor is to learn how to manage risk in the markets. Learn how to handle risks in your positions and investments to take your approach to the next level with Saxo Markets trading courses.
Daily commentary and in-depth analysis, including annotated charts, are provided by the Saxo Markets expert team worldwide.
Market Call Podcast
The Saxo Market Call podcast is produced by the Saxo strategy team and is accessible on your favourite audio provider multiple times a week. The Saxo Market Call podcast is a great way to stay up to date on the latest market news and potential dangers and opportunities.
Events & Webinars
Saxo Markets’ webinars are scheduled regularly. The SaxoStrats, Saxo Bank’s professionals, are in charge of them. Previous webinars are also available in the online library.
The Saxo Markets’ in-house analysts prepare daily insights, analysis, and perspectives across global markets, asset classes, and tradable instruments. Daily macro releases and their effects on instruments and macro trading strategy suggestions keep traders informed. Expert analysis of stocks from 40 different exchanges across the world is provided to the clients via SaxoStrats. The Saxo Bank team provides technical analysis and cross-asset correlations. A financial projection for the upcoming quarter includes significant currencies, economies, and forecasts at the start of each quarter.
Saxo Markets Research and Education Summary
Saxo Markets offers 19 base currencies for the account and provides a variety of handy payment methods, such as bank wire transfer and credit/debit cards. Saxo Markets doesn’t charge any fees for deposits or withdrawals. Transfers via third parties are not allowed by Saxo Markets. The broker does not offer electronic wallets or cryptocurrencies as payment methods which is dissapointing. It would save the clients some hassle who frequently use cryptocurrency wallets and electronic wallets if the broker allowed these options as well. RoboForex have a greater variety of funding options including e-wallets and cryptos. The transactions can complete from instant to 3-5 business days.
Saxo Markets Funding Summary
Saxo Bank is fully registered and regulated in 15 nations spanning Europe, the Middle East, and Asia, including the big names like the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA). They are one of the most well regulated brokers I have ever come across, up there with the likes of City Index and AvaTrade.
Saxo Markets Regulation Summary
|SFC (Hong Kong)
Saxo Markets Safety
Saxo Markets has a banking license, Saxo Bank was founded in 1992 but is not listed on any stock exchange. The broker keeps its clients’ investments in separate accounts than its own operating capital. Negative balance protection is available from Saxo Markets for currency spot and CFD trading, but only for retail clients from the European Union and a few other MENA countries. Over 25 years of investment banking provides Saxo Markets the top place among its competitors as it successfully survived all the major financial crises during this time. This means the broker is comparatively safer than its competitors. You can try opening an account with this broker and let us know about your experience.
Saxo Markets provides customer support 24/5 via live chat (on trading platforms), phone, and email. Customer support teams are based in 16 countries. Support tickets can be generated via trading platforms as well. Over 250 questions concerning starting accounts, financing and withdrawals, trading platforms, trading instruments, trading charges, and much more are answered in the help center’s FAQ section. I think they could improve by providing 24/7 support just like IC Markets do.
Saxo Markets is a multi-jurisdictional investing and CFD broker that has earned more than 40 industry awards over the years which is a testament to the excellent range and quality of financial products and services that they offer. The broker has been delivering top-notch brokerage services to global clients for over 25 years. They have a huge range of over 42,000 financial instruments available to satisfy all sorts of client. Tight spreads, cheap commission rates, and quick trade execution are some of the trading conditions you can get access to in a regulated environment with one of the best brokers in the industry. Saxo Markets also offers managed portfolios, trading courses, and 24/5 customer service.