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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 5482)

Web-site: SaxoBank

Author of SaxoBank: Lute | Date 2016-03-28
I'm absolutely disappointed about them. No real solutions just short answers which did not help me at all.
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Author of SaxoBank: Burnout | Date 2016-03-14
Their platform looks and works very well, but the floating spread becomes huge around releasing of news. A serious, strongly regulated broker, which has been on the market for a while now. So far, I’m satisfied and I won’t hesitate to invest bigger amounts.
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Author of SaxoBank: KenFried318 | Date 2016-03-10
They will easily deposit ur money on an account without sending any document. When u submit a request to withrdraw ur money it is almost impossible to get money back. I have been waiting without any results for 15 days. Still don't have any money on my account.
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Author of SaxoBank: Jean_sts | Date 2016-03-10
Their spreads are quite high if compared to other brokers, but this is not the problem, their system is good, but I experienced some requotes, that made my deals more complicated.
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Author of SaxoBank: Mosher | Date 2016-03-02
Saxo Bank is 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.
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Author of SaxoBank: Rene1100 | Date 2016-02-24
There were times that I couldn't get the price that I wanted. This company is giving me a hard time to earn. Everything is strange. I can feel it.
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Author of SaxoBank: lEglington | Date 2016-02-08
Until now there's no money that has been credited to my account. I thought the funding of account is instant.
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Author of SaxoBank: riann | Date 2016-01-27
They don't have a complete set of trading instruments. So, please consider them before opening an account.
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Author of SaxoBank: igliottifra | Date 2016-01-12
The trading system of this company is out-dated. Not good for beginners. Only one percent of their clients got substantial profit from them.
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Author of SaxoBank: liezel fx | Date 2016-01-06
I say STAY AWAY if you are building up your account because as you know every pip is crucial, especially since they widen their spreads during large movements!!!!!!!!!!!!
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