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SaxoBank review
SaxoBank


On-line since: 1999
Country of origin: Denmark
Regulation: Saxo Bank is an officially registered European bank
Payment options: Wire transfer
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD

About the company:

SaxoBank was founded in 1992 by the Danish businessman. Originally the Company was called Midas, but it was changed to SaxoBank at the time the bank obtained its European license for banking in 2001.

SaxoBank specializes in online investments at the international capital markets and provides its clients with opportunity to trade with the wide range of financial tools, such as currencies, contracts for difference, futures, options and other derivatives, the Bank renders services on trust management also.

The trading is carried out online with the help of SaxoTrader program, which is the proprietary of the Bank. The thousands of investors and traders from more than 100 countries of the world are clients of the Bank. The client servicing is conducted from the Headquarters of the Bank in Copenhagen, and also from 12 offices, situated in the largest cities of the world.

SaxoBank 9/10 (votes 5481)

Web-site: SaxoBank

Author of SaxoBank: SR Forex | Date 2013-01-13
They are so nice when I inquire about forex trading with them. And I think they will not cheat me If i open an account with them this month. What do you think????
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Author of SaxoBank: KPC | Date 2013-01-03
It took a big longer before funds are credited to my trading account. But it was absolutely okay with me. This sometimes happens to any broker. I don't ever think that they will cheat.
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Author of SaxoBank: Trader Match | Date 2012-12-07
they are using some type of virtual dealer which results to quick disconnects and delay of execution.
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Author of SaxoBank: chartist | Date 2012-11-24
Platform is a bad dream. It shows on different time frames different prices. My advice is to choose some reliable platform and broker. By the way, their spreads are doubled against leverage.
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Author of SaxoBank: Adelle | Date 2012-07-14
Saxo bank has a plenty of charts and graphs displayed and can be customize any time.
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Author of SaxoBank: Vita | Date 2012-07-09
Saxo Trader has some slippahe particularly on larger trades. Live chats are not being answered by their online support and if they respond, they are very slow.
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Author of SaxoBank: ventura | Date 2012-01-07
I traded only on a demo account with Saxo Bank and I'd like to tell that I was pretty impressed by the multiproduct interface. But using it was a real pain because it too complicated for me. The customer support was really good, but the spreads on FX were much too wide and I decided not to go on with this broker.
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Author of SaxoBank: Billy The Kid | Date 2011-12-26
Their platform are very hard for trading and very hard to RAM and there is no indicator which I trade, I do not find them...
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Author of SaxoBank: cuda | Date 2011-08-02
Stable platform, good execution, but very high spreads! I would not recomend them for this reason.
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Author of SaxoBank: S-Trader | Date 2011-05-31
I've been trading with Saxobank for over 1 year now and I can only say that they have solid execution and fantastic customer service, but yes, spreads are too wide. Saxo is an EU regulated bank with a nice platform. Recommended to experienced traders, but not for beginners.
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