4.6/10
(5 qualified reviews)
US Traders
  • Interest rate on funds
  • Company Saxo Bank
  • Founded in 1992
  • Online since 1996
  • Offices in
    Show countries Hide countries
  • Payment options
    • Credit/debit cards
    • Wire transfer
  • Demo platforms
    • SaxoTrader (Limited with 20 days)
    • SaxoWebTrader (Limited with 20 days)
    • SaxoTraderGO (Limited with 20 days)
  • Account currencies
    Show account currencies Hide account currencies
  • Currency pairs
    Show currency pairs Hide currency pairs
  • Regulated by
    Show regulation Hide regulation
  • Website available in
    Show website languages Hide website languages
  • Support methods
    • Email
    • Live chat
    • Phone
  • Trading server time zone GMT
  • Special notes Free Autochartist analysis software.
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Minimum account size $5,000
  • Minimum position size 0.05 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 2
  • Trading instruments
    • Forex1:100
    • Gold & silver1:200
    • CFD1:20
    • Spread betting
    • Cryptocurrencies1:5
  • Trading platforms
    • SaxoTrader
    • SaxoWebTrader
    • SaxoTraderGO
  • Digits after dot 4
  • Number of currency pairs 160
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Minimum account size $100,000
  • Minimum position size 0.05 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 2
  • Trading instruments
    • Forex1:100
    • Gold & silver1:200
    • CFD1:20
    • Spread betting
    • Cryptocurrencies1:5
  • Trading platforms
    • SaxoTrader
    • SaxoWebTrader
    • SaxoTraderGO
  • Digits after dot 4
  • Number of currency pairs 160
  • Special notes With a Premium account, investors enjoy all the features of the Classic account plus direct access to their own personal account manager, through phone, chat or email.

    The Premium account also allows for several sub-accounts in different base-currencies, for investors who trade in many different markets.
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Minimum account size $500,000
  • Minimum position size 0.05 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 2
  • Trading instruments
    • Forex1:100
    • Gold & silver1:200
    • CFD1:20
    • Spread betting
    • Cryptocurrencies1:5
  • Trading platforms
    • SaxoTrader
    • SaxoWebTrader
    • SaxoTraderGO
  • Digits after dot 4
  • Number of currency pairs 160
View contract specifications

Reviews

10 reviews of Saxo Bank are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

, South Africa, Johannesburg.

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.

, Netherlands.

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.

, Russian.

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.

, Rugby, UK.

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

, sweden.

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

, UK.

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.

, Denmark.

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.

, New Zealand.

If you trade FX. STAY AWAY. Worst ever

, Czech Rep..

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.

, Japan.

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

Submit your review

To submit your own Forex Broker review for Saxo Bank fill the form below. Your review will be checked by a moderator and published on this page.

By submitting a Forex Broker review to EarnForex.com you confirm that you grant us rights to publish and change this review at no cost and without any warranties.Make sure that you are entering a valid email address. A confirmation link will be sent to this email. Reviews posted from a disposable e-mail address (e.g. example@mailinator.com) will not be published. Please submit your normal e-mail address that can be used to contact you.

Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing.

Required
Required (will not be published)
Only first and last digit will be published
Impression about company
Image Code (5 characters)