13 reviews of Saxo Bank are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
They are a good broker and having fantastic customer service but their minimum deposit is really high. They won't consider $1000 deposit which other brokers can offer.
I am neutral to Saxo bank because I know their spread is not that good but considering their customer support and the analysis/signals that they're are providing, they helped me a lot in earning profits.
Saxobank dead company without support team. In Saxobank doesn't exist support team, they doesn't answer on me emails. It is SCAM broker.
I don't understand why some people claim they're scams. Withdrawal/depositing go normally, within the specified limits, all as it should be. All money that yhey owned me they gave me back without any problem. Initial deposit amount is not small, but it worth that! People, if you had problems with teading, I think you should learn how to trade first. I had some losses with Saxo Bank, but I don't shift my blame on them, I realize that my strategy was a rubbish. Now I make good profit and there's no problem within the foreseeable future. Last my withdrawal was processed on Monday, at the day of y request.
I traded at Saxo in the first few months of 2012. I stopped there after 3 months. When I think of Saxo I think: requote, requote, requote. And I have seen too many times that they let their price miss my take-profit order while the underlying market had made a bigger move. Their spread is also not competitive. I would recommend this broker to my enemy only.
Please stay away from Saxobank. U need only a few minutes for refilling the account, but very difficult to withdraw cash from the account. Last week I sent them a request for withdrawal, but I didn’t receive the answer till today.
In particular, I am sending them these requests for withdrawal of my money every day. They replie to do this today, but it had been a week and "breakfasts feed" to this day.
Platform is horrible, too much mistakes and delays. I have often observed such a mistake as "internal server error". And if u have not login u can’t remove again ur request, neither set nor change your stop to loss - nothing. If were errors with stop to loss, I losed my money more.
They wrote on the their website that for opening the account need two thousand dollars only in the first, but really they require ten thousands. If u haven’t they don’t allow to trade. Saxobank is a SCAMP.
Please stay away from them, do not repeat my mistakes.
I have been trading cfds and forex with Saxo bank for last three years and found them excellent whenever I wanted to withdraw money it is transferred into my bank a/c within two hours executions are fast and perfect no doubt best broker for retail traders
this broker is shady to say the least! this happend to a friend of a friend, I have no reason to doubt this would not be true, this guy deposited 10000 dollars to this broker, this was his first try at the market, he asked if the transaction would be safe? they ensured him it was perfectly safe and was very friendly and helpful about it, he deposited the money but somehow the money never reached his acount, they just wanished, and there after they wasnt so friendly suddenly, and didn't want to admit any misstakes from their side, they don't ansver emails from him anymore and when he call they put him on hold for hours and he never get to speak with anyone, the guys money still havent shown up what I know of. further, the minimum deposit sum is redicilously huge, these guys are scum
They have just paid out some of the Investors who lost money in GFX. Will they pay the rest. £6.4 million between 325 leaving around 450 who haven;t been paid.
What should they do to get some of their money back.
Please stay away from Saxobank. It is the worth broker ever. It takes only few second to deposit your account, but it is extremely difficult to withdraw cash from your account. I withdrawn my money last week, but haven't got any money so far and I am not sure if I would get it.
I have called them several times, and they said everytime I called that you would get money today, but money never be transferred to my bank account.
The platform is horrible, too many errors and delay. I have experienced an error such as "internal server error". You cannot place an order, cancel an order or even change your stop loss, unless you sign out and sign in again.
You stop loss does not stop at the point you set, and you will always loose money more than you have set your stop loss.
They wrote on their website, that the minimum deposit is 2000 USD, but this account is not available, and they will ask you to pay 10000 USD for deposit.
Saxobank is SCAMP. Please stay away from them.
If you trade FX. STAY AWAY. Worst ever
Platform is bullshit - shows different prices on different time frames.
Choose some prof. platform or provider with MT4.
Btw. spreads are doubled against average.
P.S Who likes to see screens copies, mail me.
They are the worst broker I have come across. They seem to activate my stop losses and profit from it. When I bought index CFDs and when the market went up, they said that they received incorrect feeds from their MM.
They cancelled my successful trades after 60 mins and then put my original orders back.
Aren't they a MM anyway ?
Avoid them like a plague
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