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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 5516)

Web-site: SaxoBank

Author of SaxoBank: Danny | Date 2020-03-30
As a trader with long experience, I can proudly say that Saxo Bank is my broker and this has been taking care of me since day 1. I invested quite a huge amount on this broker and I did not need to hesitate because the broker is well-regulated and I am assured that my fund will be secured. Also, the whole trading experience is great. The tools that they provide are of good quality and their customer support representatives are always available.
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Author of SaxoBank: Dean | Date 2020-02-26
I have been using Saxo Bank for a year. It’s very easy to open an account with them, processes of deposits or withdrawals are fast. What I like the most if that they allow microlots and offered leverage is great. great website design which made the navigation easier and not confusing. As for the deposit and withdrawals, these transactions are processed efficiently. great website design which made the navigation easier and not confusing. As for the deposit and withdrawals, these transactions are processed efficiently.
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Author of SaxoBank: Elishi | Date 2019-11-21
I think Saxo Bank is the fit broker for their fixed for scalping strategy due to the fixed spread and stable MT4 trading platform. Actually, their MT4 platform trading execution didn't miss my possition and I can use many trading tools for trade analysisis. Also, I have customized this platform too and the scalping EA works much better than I thought. Till now I've withdrawn almost $680 profit from a standard account. So I give an only good mark to Saxo Bank broker and I recommend to you.
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Author of SaxoBank: Paul Richky | Date 2019-08-19
It has been a week I am waiting for their approval for my request withdrawal 400 USD via wire transfer. They still hold my money and keep telling it will be process as soon as possible but nothing happen for a week already. I keep follow up my withdrawal status, but always said the same thing. Trading activity does not give me a big problem but sometimes platform will freeze for 2 minutes and the execution is being slowly. I hope that they will transfer my money and improve the flaws so that I don't have to find another broker.
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Author of SaxoBank: Lethan | Date 2019-02-11
Opening and funding my account at SaxoBank was very easy. There are no complicated procedures. I could say that their spread is also reasonable. Moreover, their customer support is very responsive and polite. I inquired them about the wide range of accessible markets (just a few clarifications) and they answered me comprehensively. Withdrawing a few dollars from my account is just as easy as funding it. I just needed to submit documents for verification (which only took a few hours to be completed) and I can already transfer my funds. As per my experience, withdrawal process is done within 24-48 hours.
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Author of SaxoBank: Capour | Date 2018-11-28
SaxoBank is best broker I have ever come upon. Quite impressed with their clients recruit clients referral offer. I got $100 credit as a loyalty bonus, and your referral will be credited with a welcome bonus of $50. I already refer 6 of my friend and they added my bonus in my account instantly. Also my every friend got $50 as a welcome bonus. Last month I withdraw $200 from my bonus using Skrill and they processed it within 2 days I must say they are very honest broker.
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Author of SaxoBank: Helen | Date 2018-09-18
SaxoBank was introduced to me by a childhood friend. It came up while catching up. And so she recommended it to me. That was two years ago and I opened an account about three months after we met. So far, I have been gaining steady profits. I'm having a satisfactory experience because just as she said, I wouldn't have any problem with the platform. Even their web trading platform is very stable. I haven't been disconnected ever expect when my internet connection is suddenly lost. I haven't withdrawn any profit yet but as of now, I have already earned $895.09.
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Author of SaxoBank: KabilFx | Date 2018-07-18
I am a client of SaxoBank for 4 months I have a live forex account with them. I invested $2000 and my average monthly profit is around $600. Their trading platform is perfect for me . As for their execution, most of the time there are good fills, sometimes not, in particular, during important economic news. Every month I made withdrawal requests, all processed within one business day. My last withdraw was $400 using wire transfer and they send it within 2 hours. No complaints so far.
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Author of SaxoBank: Paulpip | Date 2017-12-29
SaxoBank is a reliable broker, with nice trading conditions and real time prices. The broker is not manipulating the prices during volatility times. I have another two friends as their clients which they recommend me the broker and they are also very pleased with their services. I deposited 2000$ and after 3 months I doubled my initial deposit. I trade during day time on MetaTrader 4 using major currency pairs, Gold and shares from Apple and Google.
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Author of SaxoBank: Roland | Date 2017-11-07
Most often, I trade Euro pair especially when I scalp for short-term profits. Saxobank has tight spreads and easy withdrawal. The platform also works fast and doesn't lag whenever I trade.
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