- Top 10 Best Forex Brokers For Big Accounts 2020
- Saxo Bank review
- Saxo Bank Broker Licenses:
- Saxo Markets Review: Summary
- Are SaxoBank good for long term share trading?
- Licenses, Regulations & Security of funds:
- Saxo Capital Markets Strength And Weaknesses
- SAXO Bank Review 2019 - Pros and Cons Uncovered - by Thediaryofatrader.com
- Trading Platforms and Tools:
- Saxo Capital Markets 2020 Review
- Markets offering and Accounts:
- About Vanilla Options
- Deposits and Withdrawals:
- Self-trading products
- Open Account SAXO Bank
Top 10 Best Forex Brokers For Big Accounts 2020
Saxo Bank review
Broker Type: OTC, Market Maker
Regulation: FSA, MiFID
Deposit: 2,000 US$
HQ: Copenhagen, Denmark
Platforms: SaxoTraderGo, SaxoTraderPRO
Found in: 1992
Saxo Bank Broker Licenses:
- Saxo Bank A/S – authorized by Danish FSAlicense no.
- Saxo Capital Markets UK Limited – authorized FCA (UK) registration no. 551422
- Saxo Capital Markets Pte.
Saxo Markets Review: Summary
Ltd. Singapore – authorized by MAS (Singapore)registration no. 200601141M
- Saxo Bank – Representative Office (Dubai) – authorized by the U.A.E. Central Bank registration no.
- Saxo Bank FX K.K.
–authorized by FSA (Japan) registration no. 239
- Saxo Capital Markets Hong Kong Ltd. – authorized by the Securities and Futures Commission in Hong Kong registration no. 1395901
- Saxo Capital Markets (Australia) Pty. Ltd – authorized by ASIC (Australia)registration no. 126 373 859
- Saxo Capital Markets Menkul Değerler A.S.
Are SaxoBank good for long term share trading?
–authorized CMBT (Turkey) registration no: G-042(405)
The Saxo Group spans the globe with a strong, unified network through both local sales and organizations allows to service clients in more than 180 countries.
The Saxo Group is a multi-asset trading and investment organization with over 25 years on Fintech innovation, a fully licensed, regulated European bank under the supervision of Danish FSA, headquartered in Copenhagen and operating in financial centers around the world in London, Paris, Zurich, Dubai, Singapore, Shanghai, Sydney, Hong Kong and Tokyo.
Firstly Bank was introduced as Midas, and then officially became Saxo Bank A/S when the European Union Directive has been accepted (in 1996).
As well Saxo Bank became the first broker in Denmark to gain approval under this directive.
Saxo facilities are developed for trading and investments for both private or institutional clients. Saxo bank managing more than 15 billion USD in AUM, over 1 million daily transactions and is a professional partner to 300+ banks, brokers and financial service provider with the broad range of classes and instruments.
The product choices of the company and the forex bank brokerage include the trade of FX, CFDs, Stocks, ETFs, Futures, Options and Bonds, that are all available from the multi-currency account of a single cross-margin.
The benefit to the clients consists of the tight-spreads and low commissions, EUR/USD at 0.1 pips, US 500 at 0.4 pts and US Stocks from 6$.
Overall, the company profile shows a positive feedbacks and operational scores. Recently, the firm won best mobile trading initiative at 2018 Sell Side Technology Awards, as well few last ones to mention:
- Best prime-of-prime provider | e-FX Awards 2017
- Best retail FX platform | e-FX Awards 2017
- Trading Platforms Winner | The Banker Technology, Products of the Year 2017
- Winner Best Banks Awards 2017 | FX-Week
- Best Platform for Active Trader | ADVFN International Financial Awards
Licenses, Regulations & Security of funds:
Saxo Bank A/S is incorporated in Denmark and is a fully licensed European bank (license no.
Saxo Capital Markets Strength And Weaknesses
1149), under the supervision and regulation by the Danish Financial Supervisory Authority (FSA). Saxo Bank, as an EU-regulated bank and investment firm, falls under the jurisdiction and has all necessary legal requirements, protocols and policies to ensure full compliance.
Along with the major registration, Saxo bank is subject to operate under the various worldwide institutions, for its global presence.
SAXO Bank Review 2019 - Pros and Cons Uncovered - by Thediaryofatrader.com
The range of the Saxo Bank A/S authorizations includes UK authorization – FCA, as a Capital Market Services provider and an Exempt Financial Advisor supervised by the Monetary Authority of Singapore, licensed by Japanese FSA, UAE Central Bank, Hong Kong Securities and Futures Commission and others.
As well numerous national EU banks – Bank of Italy, Bank of France, Bank of the Netherlands, Swiss Federal Banking Commission, etc.
In addition, Saxo Bank A/S is subject to stringent financial reporting requirements under EU directives and specific regulations regarding client handling.
Saxo Bank is a member of the Danish Guarantee Fund for Depositors and Investors that guarantees clients’ deposits for up to EUR 100,000 for cash in the event of insolvency.
Trading Platforms and Tools:
The Saxo Bank trading platforms designed specifically, while understanding the important combination of easy interface and the powerful capabilities.
Saxo Capital Markets 2020 Review
Whether the client is a demanding trader who’s looking for the performance and flexibility or an investor who require an easy platform on the go the Saxo Bank offers that solution by two types of the platform SaxoTraderGo and SaxoTraderPRO.
SaxoTraderGO – the choice of the most traders and investors, an easy-going yet powerful platform, that gain awards for its productivity. Fast, reliable and available across multiple devices, SaxoTraderGO is a web-based application that supports all products and asset classes.
A wide range of risk management tools and features allows to execute trades quickly and intuitively, news feeds, market data, economic releases and live charting are on-hand.
SaxoTraderPRO is the professional’s choice of a downloadable, fully customized, professional-grade platform for advanced traders.
SaxoTraderPRO brings an intuitive, multi-screen platform to Windows and Mac, also can still have access with mobile and tablet apps. The platform features configurable workstations and workflows, tailored trade settings, as well series of advanced functions: enhanced trade ticket, depth trader, time and sales, algorithmic orders, charting package and option chain for vanilla and touch options.
Markets offering and Accounts:
The product offering of the Saxo Bank includes a truly wide selection of markets to trade.
*The selection of 9000+ CFDs on indices, stocks and commodities, that are offered with up to 40x leverage, as well that stocks and bonds at margin collateral for CFD trading.
*40+ vanilla and binary FX options that maturities from 1 day to 12 months, spreads are starting from 5 pips with the streaming prices through high thresholds for automatic execution, additionally professional reposts providing detailed analysis.
The leverage comes up to 1:100, since the bank does not support the high risk trade strategies for the traders good, as high leverage increases the risks.
*19,000 Stocks, 3,000+ ETFs, 36 exchanges through 10+ order types including Market, Limit and Stop orders and actionable trade signals, insights and analysis from equity strategists.
*FX offers spreads from 0.1 pips on 180+ FX spot, forwards and options instruments, potential price improvement provided by the company of every FX trade.
*1,000+ Equity Options across US, EU and APAC markets are opened to use options on favourite stocks that are with low transparent prices and with no minimum ticket fee.
*Options and Futures allows to trade after market hours across all asset classes, that gains exposure to equity indices, metals, energy and rates across major markets.
Futures are accessed to 200+ contracts on 23 global exchanges through diversity across asset classes with intramarket spreads with lower margin requirement.
*Over 5,000 fully digital Bonds in both USD and local currency throughout international markets offers pricing and execution from 40+ bonds providers or exchanges.
Reduced spreads costs by up to 50 bps and low commissions of 0.05%.
Saxo Bank is a member of NASDAQ Copenhagen A/S and Chicago Mercantile Exchange (“CME“) and additionally uses a number of external financial institutions and brokers in the process of receiving and relaying orders or to directly execute listed financial instruments.
For the Account types, the broker uses three accounts with, no matter how much client trade, all featuring the same technical capabilities, along with company support.
Also, the corporate account is available but should be requested through the company support by the application form. The difference will vary by the price offerings as well as the depth of support from the company, like extended news and research capabilities and preferred customer services.
The Classic account demands minimum of 2,000$ deposit with further option to upgrade to Premium Account – minimum funding 100,000$, and the last is the Platinum Account – with minimum of 500,000$.
About Vanilla Options
The bonus offered by the bank is the interests, which is the part of the service provided to the Premium clients and above.
The new traders can benefit from the Saxo Bank offer to try out market strategies and familiarise yourself with their platforms before the real trade practice.
The 20-day free demonstration of their platforms with a simulated 100,000$ account to practice with is available to all.
Deposits and Withdrawals:
The deposits or withdrawals at Saxo Bank only accept funds originating from a bank account or an account held at a licensed financial institution.
Saxo Bank does not accept Third Party Payments, Bankers Drafts, Check, Cash deposits and remittances from Exchange houses. Debit & Credit card payments are subject to the fee charged by the card operator (Visa / MasterCard), which ranges from 0.50% to 2.83%, depending on the transaction currency.
The bank policy and strict regulations demand that to withdraw funds from trading account to a bank account should be held under the client’s name only.
This policy applies to both individual accounts as well as the corporate accounts. The transaction fees are not charged for any withdrawals submitted via the Online Cash Withdrawal Module.
Entering the market in 1992, Saxo was a fintech long before the term was created and has proceeded to become one of the most trusted names in online trading and investing.
Dedicated to a higher level of service, a broader offering, better technology and competitive pricing, they continue to provide everything you have come to expect from an online trading house.
As a licensed and regulated Danish bank, the Saxo Bank Group brings a trusted offer to trade any cycle in the economy, while covering risks by hedges.
If you are retail trader, Saxo Bank will be a solution to have the same access and features as an institution or organization.
Nevertheless, the powerful designed by the broker platform carries the features, speed and performance traders need, along with competitive offers and solutions. So, overall Saxo Bank is a good choice for the traders of bigger size, since the first deposit is 2,000$ and as a trusted worldwide Bank the benefits will be major too.
Open Account SAXO Bank
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