Saxo Bank is one of the most popular online trading platforms in the world. It offers several products and services, including foreign exchange (forex) trading, CFDs, stocks, and even cryptocurrencies.
The company is based in Denmark, but it has offices all over the world including Singapore, Hong Kong, London, and New York City.
Saxo Bank was founded in 1992 by Lars Seier Christensen as a currency trading company called Saxo Privatbank. In 1999 it began offering online trading, focusing on FX pairs first and then expanding into other asset classes such as CFDs and stocks.
Saxo Bank Features
The saxo broker is a global online trading and investment specialist bank.
Saxo Bank has been in operation since 1992 and has grown to become a leading provider of online trading and investment services in the world.
It provides a range of tools to help you make better decisions in the markets, including:
- Trading platforms offer access to key financial markets globally, with prices updated every second via streaming technology.
- A comprehensive suite of analytical tools for all investors to help them understand market trends and make informed decisions.
- A suite of advisory tools that help investors execute their strategies by identifying opportunities, analyzing risk, and placing orders directly on their behalf.
Saxo Bank Services
A Danish entrepreneur who started the company to provide financial services to small and medium-sized businesses. Today, Saxo Bank has offices in 20 countries, serving more than 2 million clients worldwide.
Saxo Bank offers a range of services for both retail and institutional traders, including spot forex trading, CFDs on stocks and indexes, mutual funds, futures, and ETFs. The company also offers copy trading services through its SaxoTraderGO app and third-party providers such as eToro.
Saxo Bank comes with several perks that may be appealing to some traders:
Lowest commissions in the industry: Saxo Bank charges just 0.5 pips per lot on trades in major currencies — less than half the commission charged by other brokers like IG or Plus500! For smaller traders who trade small volumes, this can make a big difference in terms of your bottom line.
Free access to real-time data: Saxo Bank allows free access to live prices for over 1,200 instruments in currency pairs, stocks, commodities, and indices — no upgrades required! Check out the 10 best forex bitcoin brokers in 2022.
Saxo Popular Bank Products
Saxo Bank is a European investment bank that offers trading platforms for retail and institutional investors around the world. They’re particularly well known for their forex trading platform, but they also offer options, CFDs, futures, and cryptocurrencies.
Some of their most popular products are:
Forex trading platform – including web-based trading, mobile apps, and desktop software
Cryptocurrency trading – Bitcoin and Ethereum pairs can be traded with leverage up to 1:100
Options trading – both European-style and American-style options are available
The company offers a wide range of trading products including CFDs, commodities, equities, and currency pairs. Customers can trade these instruments through the SaxoTrader platform which is available on desktop or mobile devices via an app store download or web browser. The platform allows traders to place trades directly from charts with live price updates displayed alongside charts so you can see how your positions are performing as they happen.
Saxo Bank’s trading platform is known for its innovative features and ease of use. It has been designed to be as intuitive as possible, so novices can learn how to trade forex or CFDs quickly and easily. The platform is available on desktop computers, tablet devices, and smartphones.
The SaxoTraderGO app is free to download from the App Store or Google Play Store. It allows you to place trades on your phone or tablet while you’re out of the office or traveling around town. You can also access your account history with this app, which makes it easier to review your performance over time.
Pros:
The SaxoTraderGO app lets you trade anywhere at any time
You don’t need a lot of money to get started with this broker – just $100 will do!
