Saxo Markets Review: Pros, Cons, And How It Compares | for 2025
This Saxo Markets review has been updated for 2025 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about Saxo Markets to give you the most comprehensive guide available.
Saxo Markets is a professional trading partner that was founded in 2012. They have around 221 staff that help the company provide Financial Markets Access, to 10,000+ clients through Mac, Web Trader, Tablet & Mobile apps.
Saxo Markets Guide – Read our In-Depth Saxo Markets Review
Saxo Markets Rating: 4.38 / 10
This Saxo Markets review page contains information about investing with Saxo Markets. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of Saxo Markets does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
This Saxo Markets review contains the latest information about Saxo Markets.
If you are new to the world of trading online and brokerages, so many facts will no doubt be confusing for you. Getting into the world of online trading demands expert assessing skills and thorough knowledge. You will get proficient at all of the concepts of trading online and brokers as you keep trading. For starters, you have to select the right broker who will always be clear with you.
Within the fast-paced universe of financial markets and online trading, you'll need advice to make educated decisions. A professionally lead investment program could aid you in minimising any potential losses and maximising any profits. Saxo Markets is just one such broker which will assist you. It is crucial that you know all you can about any broker before you trust them with your money.
When engaging in online trading with platforms such as Saxo Markets, it's crucial to carefully assess Saxo Markets as your broker, as this choice can determine your success. Selecting the right broker is vital for your Saxo Markets investments to thrive. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be prudent and rigorous in your Saxo Markets broker selection to protect your hard-earned money. Performing your due diligence and researching the reliability of Saxo Markets, its track record, and reputation is vital. Moreover, ensure the Saxo Markets broker's offerings, trading tools, fees, and regulation align with your requirements.
Remember, Saxo Markets should be a reliable companion on your trading journey.
Our team has worked diligently to simplify the intricate world of trading with Saxo Markets into easily understandable information in this Saxo Markets review. Our goal is to equip you with the knowledge necessary to confidently use Saxo Markets trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with Saxo Markets are the cornerstone of successful trading. As such, we've provided this detailed Saxo Markets review. So, settle in, grab a cup of coffee, and immerse yourself in learning about Saxo Markets and how it can work to your advantage, or if Saxo Markets might not be the right fit for you.
Saxo Markets Guide for 2025 – Quick Overview
Saxo Markets Telephone: | |
Saxo Markets Support Email: | |
Saxo Markets Address: | |
Year Founded: | 2012 |
Regulated By: | Financial Conduct Authority (FCA) |
Hedquarters: | Denmark |
Minimum Deposit: | $6500 |
Number Of Clients: | 10,000+ Saxo Markets users and traders |
Saxo Markets LinkedIn: | |
Saxo Markets Facebook: | |
Saxo Markets Facebook Likes: | 0 |
Saxo Markets Twitter: | @ |
Saxo Markets Twitter Followers: | 0 |
Saxo Markets Instagram: | |
Saxo Markets Instagram Followers: | 0 |
Saxo Markets Youtube: | |
Losses can exceed deposits |
Our full Saxo Markets review for beginners covers all you will need to know about trading with Saxo Markets. A good agent can use your first investments and help to protect it from losses but also give you a platform that can help to provide you favourable profits. If you want to make profits, you must trade with a broker service that aligns with your investing objectives.
Of course, there's absolutely no sure-fire way to ensure profits; thus, you should carefully assess your agent before you select them. It is a frequent misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
Saxo Markets is a trading partner which has paved its way successfully into the brokerage world. In this review, we've tried to collate some of the important aspects of Saxo Markets. This guide can allow you to understand whether Saxo Markets is a great match for your investments or not. We've attempted to breakdown all the qualities and fees for your convenience.
Who are Saxo Markets?
Saxo Markets is a online trading broker with its headquarters in Denmark and provides a variety of tools for trading. Since its inception in 2012 they have emerged as a top-tier player in the industry of online trading. Saxo Markets includes a highly reputable and full-featured trading site that is focused on forex, indices, metals, shares, commodities.
Over the past 13 years, Saxo Markets has become one of the leading online brokers available to the public.
After launching in 2012, their client base has become as large as 10,000+ clients.
Saxo Markets is a favourite for many traders . Our Saxo Markets account review discovered that they're a professional choice for online trading options. They are most appropriate for investors who are looking for an assortment of assets. Social and easy to use trading solutions are the core at Saxo Markets.
Technology plays a substantial role at Saxo Markets. They offers trading on Mac, Web Trader, Tablet & Mobile apps. Saxo Markets is honest, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The trader resource department at Saxo Markets is quite comprehensive for new traders since it permits them to get a closer look in the financial markets. Saxo Markets caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.
Benefits of trading with Saxo Markets in 2025
Trading with Saxo Markets comes with numerous advantages. These advantages are what sets Saxo Markets apart from the rest of the online agents. You should check all of the benefits listed so that you have a better understanding of Saxo Markets.
The agent goes to great lengths to comprehend what traders need. Consequently, the service, fast, and convenient. The broker also gives a number of programs for all kinds of traders. Saxo Markets helps to ensure that the individual needs of all traders are met to the best of their capabilities.
Saxo Markets also features excellent trading conditions that are available to all and not just an elite class of institutional customers. The tight spreads and fast executions are a great benefit for all traders. The technology embraced by Saxo Markets is of the maximum caliber, ensuring that it is fast, reliable, and effective.
Saxo Markets acknowledges the importance of having a fast order execution. A fast implementation enables users to exchange without fretting about slippage safely. It will also help the traders to grab any opportunities.
Copy trading is another important facet of Saxo Markets. A new dealer can learn from industry experts using the automated copy trading alternative. This means you can see the best performing traders and instantly copy their trades and benefit from their experience
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Saxo Markets offers social trading which encompasses leading traders sharing their knowledge with the community. Saxo Markets's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading
Saxo Markets has over 100 trading tools to support all types of traders. These instruments are dynamic and suitable for both new and seasoned traders. All dealers can set aside all their concerns when trading with Saxo Markets.
Saxo Markets Overview
Year Founded: 2012
Regulated By: Financial Conduct Authority (FCA)
Hedquarters: Denmark
Minimum Deposit: $6500
Number Of Clients: 10,000+
Losses can exceed deposits
If you feel that Saxo Markets is not right for you then at the bottom of this Saxo Markets review you will find a lot of alternatives to Saxo Markets.
Everything you ought to know about trading using Saxo Markets
Saxo Markets is a lively platform that offers various methods of online trading. These tools cover the monetary markets substantially. The Majority of the brokerage platforms provide fewer approaches than Saxo Markets
If you want to exchange with Saxo Markets, you will need a minimum deposit of $6500. This deposit is mandatory if you would like to begin trading using Saxo Markets. This 2025 Saxo Markets review will direct you safely about trading with them.
Saxo Markets is as flexible as another brokerage platform. Saxo Markets is excellent for traders who want a manageable range of cheap services. The platforms supplied by Saxo Markets are third-party, white-label offerings. All traders may select from Mac, Web Trader, Tablet & Mobile apps
Together with everything, Saxo Markets has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction must be kept open. The brokers provide premium client service which rewards customers with benefits.
Many less reputable brokers attempt to pressurise customers into larger funding for superior services. Saxo Markets, though, is more focused on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the greater benefits will come along.
Saxo Markets accounts are available globally and provides outstanding service wherever they have customers. There are some select few countries where Saxo Markets accounts are not available. Traders in the following countries cannot open or use a Saxo Markets account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is Saxo Markets Safe To Trade With In 2025?
Launched in 2012, Saxo Markets has been open for 13 years, they are headquarted in Denmark
Saxo Markets is regulated by Financial Conduct Authority (FCA). These figures have rules that mandate that trading platforms have steps in place to keep investor's assets secured. This usually means that Saxo Markets users don't need to worry about their money as it is segregated and safely stored in banks that are established. SSL encryption simplifies each user's personal information as well.
You can make use of a choice for 2 Factor Authentications (2FA) with Saxo Markets for increased safety. An SMS with the confirmation code will be sent to a mobile phone. You'll be asked to enter this code to log into your account.
Another concern with online brokers with respect to safety may be manipulation of trading. This is highly disadvantageous for users on those platforms. Nonetheless, this is much more widespread in the case of Market Maker agents who compete with users on the stage.
Saxo Markets Risk Disclaimer
Losses can exceed deposits
Pro's & Con's Of Trading With Saxo Markets
Every online trading platform will have a few ups and downs, and no Saxo Markets review would be complete without showing both sides. This Saxo Markets review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Saxo Markets Pro's
Saxo Markets is regulated by Financial Conduct Authority (FCA).
Saxo Markets has been trading for 13 years.
Saxo Markets offers customer support over the phone.
Saxo Markets provides customer support over email.
Saxo Markets gives access to customer support over livechat.
Saxo Markets has over 100 employees.
Saxo Markets offers social trading.
Saxo Markets offers copy trading.
Saxo Markets allows scalping.
Saxo Markets allows hedging.
Saxo Markets allows commodity trading.
You can trade metals with Saxo Markets.
You can trade energies with Saxo Markets.
Saxo Markets Con's
Saxo Markets is not highly rated by us. Saxo Markets hasn't won any awards. Saxo Markets doesn't offer guaranteed stop loss. Saxo Markets doesn't offer negative balance protection. Saxo Markets has a high minimum deposit requirement. Saxo Markets charges withdrawal fees. Saxo Markets charges inactivity fees. You can't trade Cryptocurrencies with Saxo Markets.Compare Brokers Similar To Saxo Markets
Regulation And Licencing In More Detail
Saxo Markets is regulated by Financial Conduct Authority (FCA).
Saxo Markets, as a business, has a powerful collection of rules for ensuring honest trading on its own platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Saxo Markets Awards
At the time of writing this Saxo Markets review, and despite Saxo Markets’s impressive offering, the company has surprisingly not garnered any awards to date.Saxo Markets Trading Platforms
Saxo Markets are a trustworthy broker that has been open for over 13 years. They offer a large range of options in their client accounts.
In the following table we take the main parts of any reputable online broker and compare Saxo Markets against Startrader, and freetrade.
Saxo Markets MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with Saxo Markets in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. Saxo Markets MetaTrader 4 is compatible with the latest macOS. Saxo Markets allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and Saxo Markets
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With Saxo Markets MetaTrader 4 On iOS Devices
You can download the Saxo Markets app or also trade with Saxo Markets through the MetaTrader 4 application on the Apple app store.
Download the Saxo Markets MetaTrader 4 Program free of charge from Apple's App Store. Saxo Markets customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With Saxo Markets MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. Saxo Markets provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Saxo Markets MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit you need to begin on Saxo Markets is $6500. This is an adequate amount for those just starting out. You can create more complex deposits as you cooperate. However, ensure you know how to make the most of your cash before investing larger amounts.
Commission And Fees Explained
Saxo Markets is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the amount of clients they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three types of penalties for this objective.
The first kind of fees to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In such cases, you're spending a spread, financing speed, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are people who are billed when you maintain a leveraged position for longer than daily.
Apart from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake on your account. They're charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, Saxo Markets doesn't charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who regularly trade, such as weekly or daily trading.
However, non-trading fees billed by Saxo Markets are relatively greater. As a result, you're billed more for non-trading actions on your trading account, such as deposits and withdrawal. These aren't related to the sale and purchase of resources.
This Saxo Markets review breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees Of Saxo Markets
Saxo Markets Withdrawal Fees Explained
Saxo Markets charges a withdrawal fee when you create a bank transfer. Each time you transfer money back into your bank accounts, these withdrawal fees become applicable.
Withdrawal of money is possible at any moment from the Saxo Markets account. It's possible to draw sums up to the sum of your account balance, keeping aside the perimeter used. One thing to keep in mind is that you don't necessarily have to have any cash on your accounts.
In addition, the withdrawn money will be moved directly to the account you use to make deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money is going to be sent into the cardSaxo Markets will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you're opting to withdraw in.
Saxo Markets Inactivity Fees Explained
Saxo Markets charges an inactivity fee when you don't create any trades for a while.
Even if no fees are implied by Saxo Markets, it is better that you close the account if you are inactive. Inactivity fees are not just charged by broker companies but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you've chosen. The inactivity fee is exposed to many conditions and should be revealed clearly by the broker beforehand.
Saxo Markets Deposit Fees Explained
When you transfer money in your trading account from your bank account, a deposit fee can be charged by the broker. Most agents do not charge an excessive amount of money for this particular operation.
Saxo Markets doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money into the Saxo Markets trading platform is simple. You simply need to finish a single-user profile survey to start depositing money into your trading account. You'll have to give an identity proof and proof of residency to deposit large amounts.
Compare Saxo Markets Vs Other Broker Deposit Methods
What Can You Trade With Saxo Markets in 2025?
Note: Saxo Markets offers many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered can be different based on the country of residence of the client.
Saxo Markets has a wide variety of over 100 instruments available for you to trade with.
If trading forex pairs is of interest to you then Saxo Markets offer over 200 forex pairs.
Compare Saxo Markets, Startrader & freetrade below.
Saxo Markets Trading App Review
Note: Saxo Markets's mobile app has a lot of functionality and is being developed all the time. What follows was accurate at the time of compiling this Saxo Markets broker review.
Understand the capabilities of the mobile apps of Saxo Markets, Startrader & freetrade below.
Trading Education Available At Saxo Markets
Understand the trading resources available with Saxo Markets, Startrader & freetrade below.
Saxo Markets Customer Support
For this Saxo Markets broker review we tested the customer service options as well as response times. on the Saxo Markets trading platform problems solving effectiveness. Saxo Markets supports many languages including English, and Chinese
Saxo Markets Live Chat Support
We tried the live chat on Saxo Markets, and it was very effective. We have sent messages through the Saxo Markets livechat through their app and website and got a reply within 20 seconds. There was sometimes no response.
We have tested communication with Saxo Markets support in a variety of languages across multiple countries. Saxo Markets were able to resolve our customers' concerns.
Saxo Markets Phone Support
We made a call to Saxo Markets and the call was answered very quickly. We were able to have the call answered in less than 5-10 minutes.
The Saxo Markets phone support team was able to successfuly answer our questions and issues on the phone. We tried the multilingual Saxo Markets team by calling them in various languages. Saxo Markets made an effort to ensure our queries were answered.
Overall, the phone support from Saxo Markets was good.
Saxo Markets Email Support
We sent several messages to Saxo Markets and the response times were all acceptable. The fastest email response from Saxo Markets was 2 hours while the most slow response was 8 days! There were times when there were no responses. Support response times can vary for you with Saxo Markets, but this was our experience sending out 10 emails at various times.
The team solved and responded to our queries. The overall average of email support provided by Saxo Markets was outstanding.
Alternatives To Saxo Markets
If, after reading this Saxo Markets review, they don't quite meet your needs check out these Saxo Markets alternatives.
We've scoured the web to find the best alternatives to Saxo Markets. Click the hyperlinks below to find out more.
Frequently Asked Questions
Can I try Saxo Markets before I buy?
Yes, you can most definitely try Saxo Markets before you buy. Saxo Markets offers demo accounts for the convenience of new traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you sign up to get a demo account on Saxo Markets, you will set out using a decent amount of virtual money. It is to establish a sense of security and confidence in you before you decide to spend your own money.
With this digital Saxo Marketsdemo account, you are able to experiment at all, to whatever period you desire. You might even start positions, examine different trading approaches, and much more.
Saxo Markets specifies on its official website that you are able to trade real time stocks with your demo account.
Is Saxo Markets safe?
It is possible to drop all of your worries since we believe that Saxo Markets is totally safe to use. It is in compliance with the rules of Financial Conduct Authority (FCA).
Even so, Saxo Markets does not have assured stop-loss protection.
Why does Saxo Markets ask for my passport?
The reason that Saxo Markets asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Saxo Markets has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Saxo Markets must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Saxo Markets?
The process to start trading with Saxo Markets is super simple. You need to begin by signing up on the Saxo Markets website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but Saxo Markets are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Saxo Markets is $6500. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with Saxo Markets.
The best way to kickstart your trading career with Saxo Markets is to open a demo account facility before risking any real money
What funding methods do Saxo Markets accept?
There are multiple methods to fund your accounts with Saxo Markets. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to bear in mind that PayPal is not available in all country. The currencies Saxo Markets accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility as well, though it takes about 4-7 days.
Is my money safe with Saxo Markets?
Yes, your cash is safe and secure with Saxo Markets. As you know, Saxo Markets operates with good conformation to regulations. It's established plenty of steps to protect all its own investors.
Saxo Markets protects its customers' private and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further safeguard your account, it is possible to empower Two-Step Verification also. It takes an SMS confirmation that you get your account.
Is Saxo Markets trading good?
Yes, trading via Saxo Markets is a pleasant and decent experience indeed. It is a great and intuitive platform with helpful features for your simplicity. In addition, you can also obtain access to a huge selection of educational resources and assistive material to kickstart your trading expertise.
If you are still skeptical, you can start a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries do Saxo Markets support?
Saxo Markets operates across the globe. However, due to regulations Saxo Markets does not accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is Saxo Markets legit?
Saxo Markets is a legit company headquarted in Denmark since 2012. They are regulated by Financial Conduct Authority (FCA). Saxo Markets is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Saxo Markets a good broker?
Saxo Markets is a great agent, and its own users can vouch for it. The highlight of this platform is its quick order execution on trades.
You'll discover the clean design of the platform along with the admirable features that are pleasant to work with.
Is Saxo Markets a trustworthy broker?
Yes, Saxo Markets is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can affirm to their trustworthy nature.
What is the minimum deposit for Saxo Markets?
The minimum deposit to open a live account with Saxo Markets is $6500
How long do Saxo Markets withdrawals take?
Normally, withdrawal of money from Saxo Markets is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from Saxo Markets to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is Saxo Markets regulated?
Saxo Markets are regulated by Financial Conduct Authority (FCA)
Is Saxo Markets a market leading broker?
Saxo Markets is indisputably one of the industry leaders. It supports over 10,000+ registered customers and over 13 years of expertise on its record. They are among the world's top trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and broad selection of resources plus tools so you may invest in capital markets.
Is Saxo Markets a con?
No, Saxo Markets is not a con. They are regulated by Financial Conduct Authority (FCA) and must adhere to their rules. Thus, it is safe to say that Saxo Markets is not a scam.
Can you make money with Saxo Markets?
Using Saxo Markets, several traders make a lot of money. But, just like all online trading platforms, it is important to note that traders can also lose money. In particular, Losses can exceed deposits
This may seem like a small number, but over the year, it adds to a significant number of gains. While Saxo Markets supply you all the tools to make money, they can't guarantee you will profit.
Does Saxo Markets have fees?
Yes. To start trading using Saxo Markets, you need to deposit $6500. Certain commissions while trading additionally applies. Any processing fees from your bank might need to be incurred by you.
When was Saxo Markets founded?
Saxo Markets was founded in 2012 in Denmark. Saxo Markets is regulated by Financial Conduct Authority (FCA).
How many people use Saxo Markets?
Saxo Markets is a worldwide recognised broker with 10,000+ customers.
Where is the Saxo Markets head office?
Saxo Markets has its head office in Denmark
Does Saxo Markets offer negative balance protection?
No. Saxo Markets does not provide negative balance protection. If your balance is negative, Saxo Markets indicates that you contact client services. With this, you are able to correct any imbalances in your own account.
Does Saxo Markets offer guaranteed stop loss?
Saxo Markets, unfortunately, doesn't provide guaranteed stop loss. Saxo Markets gives an opportunity to its dealers to close their trade at their given price. Apart from this, Saxo Markets does not provide guaranteed stop loss.
Does Saxo Markets allow scalping?
Yes, Saxo Markets does permit scalping. Several traders throughout the world choose Saxo Markets for their scalping services. They offer trading on Mac, Web Trader, Tablet & Mobile apps which allow this.
Does Saxo Markets allow hedging?
Yes, Saxo Markets does allow hedging.
Can you trade energies with Saxo Markets?
Yes, you can trade energy stocks with Saxo Markets
Can you trade agricultural shares with Saxo Markets?
Yes, you can trade agricultural stocks with Saxo Markets
Can you trade cryptocurrency with Saxo Markets?
No, unfortunately you cannot trade cryptocurrency with Saxo Markets
Can you trade metals with Saxo Markets?
Yes, you can trade metals with Saxo Markets
Can you trade UK Shares with Saxo Markets?
Yes, you can trade UK shares with Saxo Markets
Can you trade US Shares with Saxo Markets?
Yes, you can trade US shares with Saxo Markets
Can you trade Japanese Shares with Saxo Markets?
No, unfortunately you cannot trade Japanese shares with Saxo Markets
Can you trade German Shares with Saxo Markets?
Yes, you can trade German shares with Saxo Markets
Does Saxo Markets accept bank transfers?
Yes, Saxo Markets accepts bank transfers for depositing money.
Does Saxo Markets accept credit cards?
Yes, Saxo Markets accepts credit cards for depositing money.
Does Saxo Markets accept PayPal?
No, Saxo Markets does not accept PayPal.
Does Saxo Markets accept Skrill?
No, Saxo Markets does not accept Skrill.
Does Saxo Markets accept Payoneer?
Yes, Saxo Markets accepts Payoneer for depositing money.
Payoneer is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.
Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. The company specializes in facilitating cross-border B2B payments. The company facilitates cross-border transactions in more than 200 countries and territories, as well as more than 150 local currencies. It also offers cross-border wire transfers, online payments and refillable debit cards services.
Payoneer is used by companies like Airbnb, Google, Amazon and Upwork to send large-scale payouts all over the globe. It is also used by eCommerce marketplaces such as Rakuten, Walmart and Wish.com, freelance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country.
Payoneer is a content creator and works with Pond5, iStock, Pond5 and other companies as well as the freelance market.
Payoneer's customer service team includes 320 employees that support 4,000,000 customers in 70 languages and in 150 currencies.
The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.
Does Saxo Markets accept Neteller?
No, Saxo Markets does not accept Neteller.
Does Saxo Markets offer Live Chat customer support?
Yes, Saxo Markets offers customer support through live chat.
Does Saxo Markets offer phone customer support?
Yes, Saxo Markets offers customer support over the telephone.
Does Saxo Markets offer email customer support?
Yes, Saxo Markets offers customer support through email.
What languages can Saxo Markets communicate in?
Saxo Markets has the ability to communicate and support customers who speak: English, and Chinese
Does Saxo Markets have a wikipedia page?
No, Saxo Markets does not have an official wikipedia page.
Does Saxo Markets offer demo accounts?
Yes, Saxo Markets offers virtual portfolio accounts so you can learn their systems before risking any real money. New traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before getting a live account.
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Table Of Contents
- Who are Saxo Markets?
- Benefits Of Trading With Saxo Markets
- Everything you should know about trading with Saxo Markets
- Is Saxo Markets Safe To Trade With?
- Saxo Markets Risk Disclaimer
- Pro's & Con's Of Trading With Saxo Markets
- Compare Brokers Similar To Saxo Markets
- Saxo Markets Regulation And Licencing
- Saxo Markets Awards
- Minimum Deposit Required For A Live Account With Saxo Markets
- Saxo Markets Commission And Fees
- Compare broker fees against Saxo Markets
- Saxo Markets Withdrawal Fees Explained
- Saxo Markets Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Saxo Markets?
- Saxo Markets Customer Support
- Saxo Markets Live Chat Support
- Saxo Markets Phone Support
- Saxo Markets Email Support
- Alternatives To Saxo Markets
- Frequently Asked Questions About Saxo Markets