Saxo Bank Broker Reviews
Pros
- Regulated Broker
- Mobile Trading
- Live Chat 24/5
- Variety of Base Currencies
Cons
- No Islamic accounts available
- Do not accept U.S. Clients
Additional Information
| Full Name: | Saxo Bank |
| Year and place of Establishment: | 1999, Denmark |
| Regulators: | FSA Denmark, FSA UK, CECEI (France), CMC (Greece), CNMV (Spain), DFSA (Dubai), FINMA (Switzerland), FSA (Japan), SFC (Hong Kong) |
| Trading Platform: | Own Platform, WebBased, Mobile Platform |
| Tradable Instruments: | Forex, CFDs on Stocks, Stock Indices, Commodities, Futures, ETFs & ETCs, Bonds |
| Maximum Trade per Ticket (Standard Lots): | 250 |
| Spreads: | Variable – as low as 2 pips |
| Deposit Methods: | Bank wire, credit & debit card (Visa, MasterCard, Maestro) |
| Base Currencies: | USD, EUR, GBP, CHF, AUD, JPY, DKK, NOK, SEK, HUF, PLN, RUB, RON, ILS, SGD, SZK, HKD |
| Website Languages: | English, Check, Danish, German, Greek, Spanish, French, Chinese, Italian, Hungarian, Japanese, Arabic, Swedish, Korean, Dutch, Polish, Norweigien, Slovenian, Romanian, Finish |
| Hedging, Scalping & News Trading Permitted: | Hedging |
| Server Time Zone: | GMT+2 |
{ 10 comments… read them below or add one }
Saxo Bank is really really bad I hate how I fell for their trap.. they are really good at assuring potential costumers how safe the money is and will surely gain profits..
I trusted them so much so I deposited 10 gran USD but look where I am, running after them to get my money back, which they have no intension of giving back, SCAM SCAM SCAM never ever open account here, I hope this review helps out a lot!!!
More reviews please, I want know good side this brokerage company but all I reading everywhere is not good reviews,… ..I want know if this company really bad, I don’t know what do now coz I have also friend having account here and say he is good doing trades and say Saxo bank is reall y good, now I confuse XD……….
- Recently opened an account, first time to start my froex career and chose this broker since they hav been in the businez for a long time, so I thought they’d have one of the most trusted and reliable services.. Turns out my very first experience trading in forex is just so horrible,, and I can’t have any day trading without problems, delays, wrong executions of trades etc its just horrible
Don’t take any risk opening an account with Saxo Bank, very shady broker and their so called “unique” software is a crap, I am vvery disappointed with them, seriously.. never take risks on using unknown platforms, always go for MT4, at least you know how it goes.. also, stop loss never gets done, never stops at the set point, therefore, you always end up more money, very very messed up and complicated they have in here!!
My journey with this scam broker has been a nightmare, 2 years with them and I just feel like they keep digging a hole in the ground for me every fu**ing time!!
A very exhausting time with Saxo bank, I’m glad I finally got out from them, I never gave up until I got my money, I fought with them and already filed a case against them which triggered them to return my money!! It tok almost 8 months to finally pay the money they owe me, freakin’ SCAMMER!!
I’ve had my highs and lows with Saxo, but per experience they are not the worst broker as what most of the people are saying here. Every broker has flaws, some issues that cant be compared with other borkers too.. for me Saxo has been consistent with their services with of course some minor problems that are dealt with accordingly. As for money, all withdrwals were transferred succesfuly within a day..
Platform is worst, it executes into a different price leaving me broke, never a time a won with them!! They say platform is unique but its just some trash that will help the compny vacuum all client’s money, I hate it so much I know and I believe im not the only one experiencing this so I will really complain! ..
Can any one give suggestions of tested brokers that are reliable and has great reputation??? I surely appreciate it guys.. let’s all help each other, traders are always scammed by evil thieves broker, I hope someone can suggest me good broker so I can really enjoy trading forex this time, already got scammed twice !
I agree with the Sapooota’s reviews, Saxo bank is one of the misunderstood brokerage firm in this business. Their strngths are overshadowed by their minor problems and people start whining and talking shit about them, when in fact they try their best to provide equal services, ive been with them 7 years already, treat them right and surely they’ll treat you likewise!
Oh em geee this is just the worst thing ever!! They will fool you in the first 1 or 2 successful withdrawal transactions, we’ll maybe to the lucky few but I’ve heard a lot of reviews that they never really got any money.. So awwful, they get money easily but will never give it back to you!! In my case, my 3rd withdrawal that’s when they started not giving my money anymore.. plus their customer service is such pain in the ass, they only tell me my money is being processed just so I’ll shut up.. damn them, I advise people never ever try this brokerage firm!!
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