Saxo Markets Review

Saxo Markets is among one of the oldest brokers in the forex industry. They have been providing their brokerage services since 1992. They are based out of Denmark but provide financial trading services to traders from all over the globe.

Saxo Markets has one of the biggest financial asset collections the industry has ever seen. You get access to trade over 42,000 different financial instruments. These include forex pairs and CFDs. You get access to these instruments after a minimum deposit of $500.

With Saxo Bank, you will get access to the highest liquidity which is drawn from over 85 different exchanges from 15 different banks around the world. They use Direct Market Access (DMA) to provide you with the fastest execution speeds and the tightest spreads in the industry.

Do you ever sign up with a broker only to later realize that they don’t really have the assets you were hoping to trade? Trust me, we’ve all been there. I remember signing up with a broker and being really excited about trading a certain currency pair that I practiced really hard on, only to find out they don’t even offer that currency pair for trading. Once I discovered Saxo Bank, I was never in a situation where I couldn’t find an asset to trade. They have virtually all the assets under a single roof.

It’s quite disappointing when you hear so much about a broker and decide to sign up with them just to realize that they don’t even operate in your country of residence. If you are living in a third-world country, you know how hard it can be to find a broker who operates in your region. This is why I find Saxo Markets very useful as they operate in over 170 countries so no matter where you may be, you can still have access to their services.

Saxo Markets is a trading platform that is designed for professionals. Through Saxo Markets, you can get access to a wide variety of trading tools and resources which is exactly what a professional needs to properly conduct their market analysis.

Contrary to popular belief, Saxo Markets is also great for beginners. This is because their risk management tools are among the best in the industry. These include account shield, stop orders, margin breakdown, cancel all orders, etc. As a beginner, you’re going to be making a lot of mistakes. This is why it’s important to have access to risk management features so these mistakes don’t cost you an arm and a leg.

TRADING TOOLS

Analyze, optimise and manage your trades

with tools tailored to your needs

Saxo Markets is an industry-leading broker that is regulated by some of the top-tier regulatory bodies in the industry. These regulations ensure the safety of your funds and prevent any fraudulent activity. Some of the regulatory bodies that are keeping an eye on Saxo Markets include the Financial Conduct Authority UK (FCA), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS), and many more.

One of the greatest things about Saxo Markets is that they provide a wide variety of trading platforms to choose from. These include their own proprietary trading platforms but also the popular MetaTrader 4 platform. Aside from these, you can also get access to the FIX API software to customize your trading experience to the best of your requirements.

Saxo Markets has a diverse customer support team that comes from over 16 different countries and speaks a wide variety of different languages. This is a great team to have as it attracts clients from all over the world. The customer support team is available 24 hours a day, 5 days a week to answer any general or technical queries you may have.

INSIGHTS

Sharpen your strategy with curated market research

Do you want to quickly take the pulse of a market or research ESG-focused investments? From live market updates to in-depth macro analysis, your Saxo account gives you access to impactful insights, directly in your trading platform.

One of the biggest causes of instability in the marketplace is unstable economic conditions around the world. In order to know if the market is going to become unstable, you should know when each major event is going to happen. Most traders have a hard time knowing what is considered a major event and how it will impact the markets.

Saxo Markets provides its clients with an Economic Calendar which lists the schedules of the major economic events around the world along with how it may impact the markets. This can really save you a lot of time surfing the web.

Most traders just don’t have the time to watch the markets all day. This is because trading is not their full-time job and they’ve got other things in their life that they need to worry about. Saxo Markets provides you with the Autochartist tool which is constantly scanning the market for you so you don’t miss out on any deals when you’re preoccupied. It will then alert you on the best positions it found and notion for you to execute the order.

Oftentimes no one is willing to teach a newbie the ropes and how to survive in this industry. They are usually left pretty confused with no one to turn to. This is why Saxo Markets is the perfect broker for beginners. They provide you with a wide variety of educational resources which can make any beginner a professional in this space.

Saxo Markets requires a minimum deposit of $500 to open an account with them. While it is great to show future traders a realistic amount that is needed to become successful, I believe $500 is still a bit much and most brokers should stick to around the $200 mark.

It is an industry leader and provides one of the biggest collections of financial instruments from all over the world. They provide a personalized experience by providing their own proprietary platform. They’re also strictly regulated to prevent any fraudulent activity. If you’re looking for a broker with a decent size offering, Saxo Markets is the way to go.