Saxo Bank offers three accounts no matter how much client trade, all featuring the same technical capabilities, along with company support. Buying and selling UK-listed physical shares will require new clients to default to Saxo’s Classic Pricing Plan. This base pricing allows UK traders to buy shares at 0.10% per trade (a minimum of £8). UK traders trading on foreign exchanges are subject to various commission charges which will depend on the exchange.

  • Saxo Bank offers three accounts no matter how much client trade, all featuring the same technical capabilities, along with company support.
  • Saxo Bank offers a comprehensive trading platform and educational resources that empower beginners to make informed trading decisions.
  • One of the key advantages of choosing Saxo Bank as your forex trading partner is its extensive educational resources.
  • This is high vs competitors like Degiro and Interactive Brokers.

Advanced traders may also wish to leverage our downloadable, multi-screen trading platform, SaxoTraderPRO. We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. The trading platforms also support a ticket-based system to log withdrawal revenue problems.

Saxo Bank Feature Comparison

It also provides access to full-featured charting and technical indicators where users can customize their time management. Traders can  pay a fee to the exchange each month in order to receive real-time market data. For example, the London Stock Exchange standard streaming quotes cost £6 each month.

UK services are authorised by the FCA, a highly regarded regulatory body in the financial markets. Per FCA licensing, clients benefit from the security of segregated funds in top-tier banks, negative balance protection, and FSCS protection up to £85,000. The broker also aligns activities with the FX Global Code of Conduct.

  • A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
  • Click here for a full list of our partners and an in-depth explanation on how we get paid.
  • Please note that spreads shown are ATM 1 month minimum spreads under normal market conditions.
  • Saxo offers its own trading platform with some major improvements and upgrades in comparison with the MetaTrader4 and 5, which only offers access through an API interface.
  • Do note that this group tends to anticipate, accelerate, and amplify price changes that have been set in motion by fundamentals.

As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s saxo forex broker offers comprehensive educational content and market research. We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

What are the top 10 forex brokers?

The forex market operates 24 hours a day, five days a week, allowing traders to participate in trading activities from anywhere in the world. This accessibility and flexibility make forex trading an attractive option for individuals looking to generate income or diversify their investment portfolios. Firstly and most importantly, Saxo offers foreign currency sub-accounts.

Desktop Experience: SaxoTraderPRO 🖥

Below shows the wide range of markets offered all matches by low brokerage fees and commissions. Trading in financial instruments carries various risks, and is not suitable for all investors. Please seek expert advice, and always ensure that you fully understand these risks before trading. Saxo Capital Markets does not provide ‘personal’ financial product advice, any information available on this website is ‘general’ in nature and for informational purposes only.

Does Saxo Bank or FOREX.com offer lower pricing?

Saxo Bank, a Danish Investment bank, founded in 1992, and specializing in online trading and investment has since grown into a global brokerage spanning across 15 jurisdictions. Here are three of the most important factors to keep in mind when choosing an online broker for forex trading. Alongside nearly 10,000 CFDs, CMC Markets offers the most tradeable currency pairs, with 158 pairs that can be quoted both ways (i.e. EUR/USD or USD/EUR), which comes to a total of 316 pairs. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Saxo Markets is a licensed industry leader, at work to source the best products in the market for you, while also striving to increase accessibility and transparency in the trading industry. At Saxo, we provide full electronic access to trade Forex forward outrights and Forex swaps in 130 currency pairs with maturities from 1 day to 12 months.

Saxo uses a wide range of ‘tier 1’ banks and other sources from market-making firms to ECNs to ensure traders receive the best possible price. This helps minimise spreads that exist when a forex broker sources just one or two sources for a buy/sell rate. Saxo Bank is a multi-asset broker that offers investors and traders a vast selection of more than 70,000 tradeable symbols. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.

Commodity sector supported by peak rates, tight supply focus

I do most of my trading on US markets and appreciate the low trading costs and quick execution. The SaxoInvestor platform is so easy to understand, and I check it everyday on my computer. I also appreciate the tremendous support I have received from the client services team. None of the information contained here constitutes an offer to purchase or sell a financial instrument, or to make any investments. Any opinions made are subject to change and may be personal to the author. These may not necessarily reflect the opinion of Saxo Capital Markets or its affiliates.

Although SaxoTraderGO doesn’t have as many features as SaxoTraderPRO, it is still very outstanding. Its accessibility is by far its biggest advantage over its “big brother.” Although there is little room for customization, the functioning remains unaffected. Charts, news, research, and watchlists can all be organised in this web-based version in accordance with trader preferences. Investors can benefit greatly from Saxo Markets’ (formerly Saxo Capital Markets’) minimal costs, extensive market access, and simple user interface. For instance, while other platforms normally charge around 0.22% for trading of Singapore equities (minimum S$5), the site only costs 0.08%.

Client Safety

Features include price movement alerts, news feeds, and market updates. Innovative risk-management features including account shield, margin alerts, quick close positions, and stop orders are integrated on both platforms. Terminal previews are also available on the website for clients to experience interface navigation before depositing funds. For final thoughts, Saxo Bank is a reliable and regarded broker.

The content and material made available on this website and the linked sites are provided by Saxo Bank A/S. It is the sole responsibility of the recipient to ascertain the terms of and comply with any local laws or regulation to which they are subject. Downloadable desktop software called SaxoTraderPRO is available for Windows and Mac computers.