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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 5470)

Web-site: SaxoBank

Author of SaxoBank: genma | Date 2010-07-25
I've been working with Saxo for a year. This broker has drawbacks as well as advantages. Client support is really friendly, when you only start your way with them. After while their treatment gets worse. Some mails are even delayed. Different bugs occur when you switch diagrams. Sometimes graphs may slow down or freeze. Platform may show s spike, but in reality those orders are not executed. So if you are ready to pay patience for reliability, maybe this broker will meet your requirements.
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Author of SaxoBank: doctor_fx | Date 2010-06-26
Saxo is a well-known for putting-off stop-loss orders. The platfrom's bugs are really annoying.
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Author of SaxoBank: G@mer | Date 2010-06-11
I prefer MT brokers. Using MetaTrader is much easier than getting into the way of their software.
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