adminCompany: Saxo Bank
Office location: Saxo Bank A/S, Philip Heymans Allé 15, DK-2900 Hellerup, Danemarca
Contact: Denmark Phone: (+45) 39 77 40 00; Fax: (+45) 39 77 42 00
Date founded: 1992
On-line since: 2001
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Regulation: Fully licensed and regulated European bank. Saxo Bank supports a global base of individual retail clients, corporations and financial institutions from its headquarters in Denmark and numerous regional offices. Since receiving European bank status in June 2001, Saxo Bank has rapidly become a presence in online trading thanks to its client service, competitive pricing and focus on the development of industry-leading trading platforms.
Business performance: FX Week’s Best Bank for FX for Investors, the Best retail platform at the 5th annual e-FX awards in 2008, World Finance magazine recognised Saxo Bank as the Institutional FX provider of the year 2008, and many other awards.
Subscription: Form completed online or sent by regular mail.
Payment options: Bank transfer.
Minimum account size: USD 10,000
Minimum trade size: USD 5,000
Mini account size: USD 2,000
Leveraged trading: Forex and 6600+ CFDs
Referals: n/a
Saxo Bank Description:
Saxo Bank is a global investment bank specialising in online trading and investment across the international financial markets. Saxo Bank enables private investors and institutional clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives via multi-award winning online trading platforms, as well as offering professional portfolio and fund management.
Saxo Bank Features:
- Professional-grade trading platform.
- Some of the industry’s tightest spreads - as low as 1-3 pips
- Fractional pips allows an extra digit of precision
- Expert market research.
My opinion:
This is a huge company with very good financial results. Some people are complaining about their customer service; this might be because of the volume of their customers. Their platform is good but too complicated for beginners. Also, trading with Saxo Bank means having at least $10,000 for regular account or $2,000 for a miniaccount to invest. There is a good option if you don’t have this money. Saxo Bank has entered into an exclusive partnership with Finexo Forex Broker (a White Label of Saxo Bank) to offer you the Forex Micro Account. This account allows you start trading currencies in the world of the Forex market with as little as $25, on Finexo’s trading platform. I am using Finexo platform, it’s simple and user friendly.
Other people opinions:
It is good to hear what other people say about brokers we are reviewing. Some opinions may be subjective, but they will give you an overall view on company’s service. Click here for more reviews on Saxo Bank!
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Happy Trading,
Teodor M Muntean
Marketer, investor, entrepreneur since 1988
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