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Saxo Markets Guide – Read our In-Depth Saxo Markets Review

Saxo Markets Rating: 4.38 / 10

This 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.

Losses can exceed deposits

This Saxo Markets review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Saxo Markets review does not apply to users in Brazil, Republic of Korea, Islamic Republic of Iran, Iraq, Syrian Arab Republic, Japan, and United States.

This Saxo Markets review contains the most recent information about Saxo Markets.

If you're a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will get proficient at all the concepts of brokerage as you keep trading. For starters, you have to choose the right broker who will be clear with you constantly.

In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professional, direct investment plan could assist you in minimising any losses and maximising any returns. Saxo Markets is just one such platform that will assist you. It's important that you understand all about Saxo Markets before you trust them with your cash.

Saxo Markets review screenshot

Saxo Markets Guide for 2022 – Quick Summary

Saxo Markets Telephone Number:
Saxo Markets Email Address:
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 entire Saxo Markets Review covers everything you will need to know about trading with Saxo Markets. A fantastic agent can use your initial investments and help to protect it from losses but also give you a platform that can provide you profits. If you want to earn profits, you must trade with a broker service that aligns with your investment objectives.

There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you select them. It's a common misconception that all brokers will be the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.

Saxo Markets is a broker which has forged its way successfully into the broker world. In this review, we have attempted to collate a number of the important aspects of Saxo Markets. This review can allow you to know whether Saxo Markets is a fantastic fit for your own investments or not. We've attempted to breakdown all the features and charges for your convenience.

Saxo Markets Review, Table Of Contents

Who are Saxo Markets?

Saxo Markets is a foreign exchange broker headquartered in Denmark and provides a variety of tools for trading. Since its inception in 2012, Saxo Markets has emerged as a top player in the industry of online broker. Saxo Markets has an extremely competitive and full-featured trading website that's focused on forex, indices, metals, stocks and commodities.

Over the past 10 years, Saxo Markets has grown into one of the leading online brokers.

After establishing in 2012, their client base has become as big as 10,000+ clients.

Saxo Markets is the favourite for many traders.. Our Saxo Markets review discovered that they are an superb alternative for automated trading options. It's most appropriate for investors who are searching for a variety of assets. Social and automated trading solutions are the core at Saxo Markets.

Technology plays a substantial role at Saxo Markets. Saxo Markets features trading on Mac, Web Trader, Tablet & Mobile apps. Saxo Markets is honest, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA). Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also provide in-house analysis.

The trader resource section at Saxo Markets is very insightful for new traders since it allows them to get a closer look in the financial markets. Saxo Markets caters to all types of traders and are a must-have broker for any well-diversified approach to trading.

Saxo Markets Videos

Benefits of trading with Saxo Markets in 2022

Trading with Saxo Markets includes many advantages. These benefits are what sets Saxo Markets ahead of all other online brokers. You need to check all the advantages listed so you have a better comprehension of Saxo Markets.

The broker goes to great lengths to understand what traders want. As a result, the support, fast, and convenient. The broker also provides a variety of programs for all kinds of traders. Saxo Markets ensures that the individual needs of all traders are met to the best of their ability.

Saxo Markets also includes excellent trading conditions that are available to only an elite group of institutional clients. The tight spreads and quick executions are a great benefit for the traders. The technology embraced by Saxo Markets is of the maximum caliber, ensuring that it is fast, reliable, and efficient.

Saxo Markets admits the importance of owning a fast order execution. A quick execution will allow users to exchange without worrying about slippage safely. It will also aid the dealers to catch any opportunities.

Copy trading is another major facet of Saxo Markets. A new trader can learn from industry experts using the automatic copy trading option. This means you can monitor well performing brokers and instantly mirror their trades and benefit from their expertise

To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Saxo Marketsoffers social trading which encompasses leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.

Saxo Markets has over 100 trading instruments to support all kinds of traders. These instruments are lively and suitable for both new and seasoned traders. The traders can set aside all their concerns when trading using 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 wil find a lot of alternatives to Saxo Markets.

What you ought to know about trading using Saxo Markets

Saxo Markets is a lively platform that provides various techniques of trading online. These instruments cover the monetary markets considerably. The Majority of the broker platforms provide less approaches than Saxo Markets

If you wish to exchange with Saxo Markets, you will need a minimum deposit of $6500. This deposit is compulsory if you want to start trading using Saxo Markets. This 2022 Saxo Markets review will guide you easily about trading with them.

Saxo Markets is as versatile as another broker platform. Saxo Markets is great for traders that want a manageable range of cheap services. The programs offered 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's no minimum time on which a trade has to be kept open. The agents provide premium client service that rewards clients with advantages.

Many unethical brokers try to pressurise consumers into bigger funding for premium services. Saxo Markets, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the further advantages will become available.

Saxo Markets accounts are available globally and provides quality service wherever they have customers. There are a 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, Islamic Republic of Iran, Iraq, Syrian Arab Republic, Japan, and United States.

Is Saxo Markets Safe To Trade With in 2022?

Launched in 2012, Saxo Markets has been operating for 10 years, they have a head office in Denmark.

Saxo Markets is regulated by Financial Conduct Authority (FCA). These bodies have rules that make sure that trading platforms have steps in place to keep investor's assets procured. This usually means that Saxo Markets users don't need to worry about their money as it's segregated and safely kept in established banks. SSL encryption simplifies each user's private 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 verification code will be sent to your phone. You will be asked to enter this code to log into your accounts.

Another concern with fiscal brokers with respect to safety may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is more widespread in the case of Market Maker brokers who compete with customers on the platform.

Saxo Markets Risk Disclaimer

Losses can exceed deposits

Pro's & Con's Of Trading With Saxo Markets

Every online trading platform has a few pros and cons 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 trusted by 10,000+ clients
  • Saxo Markets doesn't charge deposit fees
  • Saxo Markets doesn't charge CFD fees
  • Saxo Markets offers social trading
  • Saxo Markets offers copy trading
  • Saxo Markets offer trading on Mac, Web Trader, Tablet & Mobile apps
  • Saxo Markets offer 100 trading instruments
  • Saxo Markets trades major forex pairs
  • Saxo Markets trades minor forex pairs
  • Saxo Markets trades exotic forex pairs
  • Saxo Markets can communicate in English, and Chinese

Saxo Markets Con's

  • Saxo Markets does not offer Negative Balance Protection
  • Saxo Markets does not offer Guaranteed Stop Loss
  • Saxo Markets has high minimum deposit requirements
  • Saxo Markets charge withdrawal fees
  • Saxo Markets charge inactivity fees
  • Saxo Markets doesn't offer trading on cryptocurrencies
  • Saxo Markets doesn't offer trailing stop

Saxo Markets Review - Compare Brokers Similar To Saxo Markets

Saxo Markets
learn more about Saxo Markets
Binary Mate
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fx global markets
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netwealth share trading
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Rating 4.38 / 10 5.97 / 10 6.65 / 10 4.65 / 10
Minimum Deposit $6500 $1000 $250 $250
Year Founded 2012 2013 2017 2017
Headquarters Denmark Malaysia United States Bulgaria
Regulated By Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14 Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F284
Clients 10,000+ 10,000+ 10,000+ 250,000+
Find Out More


Losses can exceed deposits


Your capital is at risk


83.12% of retail investors' accounts incurred losses when trading differential contracts with this provider


Your capital is at risk

Saxo Markets Review - 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 fair trading onto its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).

In accordance with the organization's privacy regulations, client data is never to be shared with some other institutions or individuals. Including credit history and other financial details.

Saxo Markets Review - Awards

At the time of writing this Saxo Markets review, and despite Saxo Markets’s impressive offering, the company has surprisingly not garnered any other awards to date.

Saxo Markets Trading Platforms

Saxo Markets are a professional broker that has been operating for over 10 years. They offer a large range of options in their user accounts.

Below we take the main parts of any great broker and compare Saxo Markets against Binary Mate, fx global markets, and netwealth share trading

Saxo Markets
learn more about Saxo Markets
Binary Mate
learn more about Binary Mate
fx global markets
learn more about fx global markets
netwealth share trading
learn more about netwealth share trading
Demo Account Yes Yes Yes Yes
Proprietary Platform No
Windows App Yes Yes Yes Yes
Mac App Yes Yes Yes Yes
Linux App No No No No
Social Trading Yes Yes Yes No
Copy Trading Yes Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes Yes
MetaTrader 5 (MT5) Yes Yes Yes Yes
cTrader Yes Yes Yes Yes
DupliTrade Yes Yes No Yes
ZuluTrade No


Losses can exceed deposits


Your capital is at risk


83.12% of retail investors' accounts incurred losses when trading differential contracts with this provider


Your capital is at risk

Saxo Markets Review - 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 Android 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.

Saxo Markets Review - Minimum Deposit Required

The minimum deposit that you need to begin on Saxo Markets is $6500. This is a decent amount for people just beginning. You can create more advanced residue as you go along. But, make certain that you understand how to make the most of your cash before investing in larger sums.

Saxo Markets Review - Commission And Fees Explained

Saxo Markets is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily influenced by the amount of customers they have.

However, this doesn't 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 3 types of penalties for this purpose.

The first sort of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In such cases, you are spending a spread, funding rate, or even a commission. The sorts of trading fees and the prices vary from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are those that are billed when you maintain a leveraged position for longer than a day.

Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They are charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.

In general, Saxo Markets does not charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who often trade, such as weekly or daily trading.

But, non-trading fees charged by Saxo Markets are comparatively lower. Consequently, you're billed more for non-trading actions in your trading account, such as deposits and withdrawal. These aren't about the purchase and sale of assets.

This Saxo Markets review breaks down each of the applicable non-trading fees for you in detail.

Compare Broker Fees Of Saxo Markets

Saxo Markets
learn more about Saxo Markets
Binary Mate
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fx global markets
learn more about fx global markets
netwealth share trading
learn more about netwealth share trading
Minimum Deposit $6500 $1000 $250 $250
Withdrawal Fees Yes No Yes Yes
Inactivity Fees Yes No No No
Deposit Fees No No Yes No
CFD Fees No No No Yes


Losses can exceed deposits


Your capital is at risk


83.12% of retail investors' accounts incurred losses when trading differential contracts with this provider


Your capital is at risk

Saxo Markets Review - Withdrawal Fees Explained

Saxo Markets charges a withdrawal fee when you make a bank transfer. Every time you move money into your bank accounts, these withdrawal charges become important.

Withdrawal of money is possible at any moment from the Saxo Markets account. You can withdraw sums up to the sum of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't always have to have any cash in your account.

In addition, the withdrawn money will be moved directly to the accounts you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent to the card. Saxo Markets will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're opting to withdraw in.

Saxo Markets Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your head when open an account with Saxo Markets. An inactivity fee is an amount charged to registered traders who haven't participated in purchasing or selling for a while. The period regarded as inactive is decided by the broker.

The inactivity fee differs from 1 broker to another and is not generalized. If a dealers account does not have a purchasing or selling transaction, it's claimed by the agent as an inactivity fee. The traders have to pay this commission under terms and conditions that they had consented while enrolling.

Saxo Markets charges an inactivity fee when you don't make any trades for a while.

Even if no charges have been indicated by Saxo Markets, it's best that you close the account if you are inactive. Inactivity fees aren't only charged by broker firms but also many financial services.

For other trading platforms, the inactivity fee is contingent on the sort of account you have selected. The inactivity fee is exposed to many circumstances and should be revealed clearly by the broker beforehand.

Saxo Markets Review - Deposit Fees Explained

When you transfer money into 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 cash on the Saxo Markets trading platform is easy. You simply have to finish a single-user profile questionnaire to begin depositing money into your trading account. You'll have to provide an identity proof and evidence of residency to deposit substantial amounts.

Saxo Markets Review - Compare Broker Deposit Methods

Saxo Markets
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Binary Mate
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fx global markets
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netwealth share trading
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Minimum Deposit $6500 $1000 $250 $250
Credit Card Yes Yes Yes Yes
PayPal No No Yes Yes
Neteller No No Yes Yes
Skrill No No Yes Yes
Payoneer Yes Yes Yes Yes


Losses can exceed deposits


Your capital is at risk


83.12% of retail investors' accounts incurred losses when trading differential contracts with this provider


Your capital is at risk

What Can You Trade With Saxo Markets in 2022?

Note: Saxo Markets offers many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will be different depending 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 currency pairs is of interest to you then Saxo Markets offer over 200 forex pairs.

Compare Saxo Markets, Binary Mate, fx global markets & netwealth share trading below.

Saxo Markets
learn more about Saxo Markets
Binary Mate
learn more about Binary Mate
fx global markets
learn more about fx global markets
netwealth share trading
learn more about netwealth share trading
Platforms Mac, Web Trader, Tablet & Mobile apps Android , iPhone, Mac, iPade MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
Instruments Available 100 54 119 167
Forex & Crypto
Forex Pairs Available 200 89 137
Offers Major Forex Pairs? Yes Yes Yes Yes
Offers Minor Forex Pairs? Yes No Yes Yes
Offers Exotic Forex Pairs? Yes Yes Yes Yes
Offers Cryptocurrencies? No Yes Yes Yes
Commodity CFD's
Commodities Offered 70 0 35 83
Trade Metals? Yes Yes Yes Yes
Trade Energies? Yes Yes Yes Yes
Trade Agricultural? Yes Yes No No
Indiced & Stock CFDs
Stocks Offered 19000 0 35 83
Trade UK Shares? Yes Yes No No
Trade US Shares? Yes No No No
Trade German Shares? Yes No Yes Yes
Trade Japanese Shares? No No No No


Losses can exceed deposits


Your capital is at risk


83.12% of retail investors' accounts incurred losses when trading differential contracts with this provider


Your capital is at risk

Reviewing The Saxo Markets Mobile App

Note: Saxo Markets's mobile app has a lot of functionality and is being constantly developed. The table below was accurate at the time of compiling this Saxo Markets review.

Understand the capabilities of the mobile apps of Saxo Markets, Binary Mate, fx global markets & netwealth share trading below.

Saxo Markets
learn more about Saxo Markets
Binary Mate
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fx global markets
learn more about fx global markets
netwealth share trading
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Basic Alerts / Push Notifications Yes Yes Yes Yes
Watchlists
Has A Watchlist Yes Yes Yes Yes
Watchlist Syncs Across Platforms No Yes Yes No
Indicators And Charts
App Indicators Yes Yes Yes Yes
Can Draw Trendlines No Yes Yes No
Can Move Trendlines Yes Yes Yes Yes
Has Multiple Timeframes No Yes Yes No
Saves Charts Yes Yes Yes Yes
Other Broker Mobile App Functions
Has Economic Calendars Yes Yes Yes Yes


Losses can exceed deposits


Your capital is at risk


83.12% of retail investors' accounts incurred losses when trading differential contracts with this provider


Your capital is at risk

Trading Education Available At Saxo Markets

Understand the trading resources available with Saxo Markets, Binary Mate, fx global markets & netwealth share trading below.

Saxo Markets
learn more about Saxo Markets
Binary Mate
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fx global markets
learn more about fx global markets
netwealth share trading
learn more about netwealth share trading
Forex Education Yes Yes Yes Yes
CFD Education No Yes Yes No
Regular Client Webinars Yes Yes Yes Yes
Archived Webinars No Yes Yes No
Beginner Trading Videos Yes Yes Yes Yes
Advanced Trading Videos Yes Yes Yes No
Investor Dictionary (Glossary) Yes Yes Yes Yes
PDF Trading Guides No Yes Yes No


Losses can exceed deposits


Your capital is at risk


83.12% of retail investors' accounts incurred losses when trading differential contracts with this provider


Your capital is at risk

Saxo Markets Customer Support

For this Saxo Markets review we examined the options for customer service, response times and the Saxo Markets trading platform issue resolution effectiveness. Saxo Markets provides support in many languages, including English, and Chinese.

Saxo Markets Live Chat Support

We have tested the live chat on Saxo Markets and it worked flawlessly. We made a request through the Saxo Markets livechat via their website and app and recieved a response within 20 seconds. There was sometimes no response.

We tested communicating via Saxo Markets support in a variety of languages across multiple countries. Saxo Markets were successful in resolving customer problems.

Saxo Markets Phone Support

We made a call to Saxo Markets and the call was answered extremely promptly. It was responded to in less than 5-10 minutes.

Saxo Markets phone support team was able to effectively address our queries and problems over the phone. We tested the multi-lingual Saxo Markets team by calling in varying languages. Saxo Markets made efforts to ensure that our questions were addressed.

Overall the phone support from Saxo Markets was satisfactory.

Saxo Markets Email Support

We have sent numerous emails to Saxo Markets and answer times overall were outstanding. The fastest email response from Saxo Markets was 2 hours, while the longest response time was 3 days! Sometimes there was no response. Support response times may vary for you at Saxo Markets, but this was our experience sending out 10 emails at different times.

The team solved and responded to our queries. Average email support from Saxo Markets was good.

Alternatives To Saxo Markets

If, after reading this Saxo Markets review, they do not meet your requirements check out these Saxo Markets alternatives.

We've scoured the internet to find the best alternatives to Saxo Markets. Click on the links below to learn more.

Frequently Asked Questions about Saxo Markets

Can I try Saxo Markets before I buy?

Yes, you can most definitely try Saxo Markets before you buy. Saxo Markets provides demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the system and yourself and your trading strategies.

If you sign up for a demonstration account on Saxo Markets, you may set out using a decent amount of virtual money. It is to establish a sense of security and confidence in you until you choose to invest your own money.

With this digital Saxo Markets demo account, you are able to experiment at all, to whatever period you desire. You might even open positions, test different trading strategies, and much more.

Saxo Markets specifies on its official site that you can exchange real time stocks in a demo account.

Is Saxo Markets safe?

You can drop all of your worries because we believe that Saxo Markets is completely safe to use. It is in compliance with all the principles of Financial Conduct Authority (FCA).

Nevertheless, Saxo Markets doesn't provide 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 withSaxo Markets is perhaps simple enough to be a cakewalk. 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.

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 hold over the nuances of online trading before you set out and trade with real money.

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 a number of ways to fund your accounts with Saxo Markets. The process is effortless and quick, with different payment methods in your fingertips.

You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to keep in mind that PayPal is not available in all country. The currencies Saxo Markets

Is my money safe with Saxo Markets?

Yes, your money is safe and secure with Saxo Markets. As you know, Saxo Markets works with good conformation to. It has established plenty of steps to guard all its investors.

Saxo Markets protects its customers' private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.

If you want to further protect your accounts, it is possible to enable Two-Step Verification also. It takes an SMS confirmation that you get your account.

Is Saxo Markets trading good?

Yes, trading through Saxo Markets is a nice and good experience indeed. It's an excellent and intuitive platform with helpful features for your simplicity. Moreover, you could also gain access to a vast selection of educational resources and assistive substance to kickstart your trading expertise.

If you remain skeptical, it is possible to start a eToro demo account and evaluate the credibility of the platform on your own.

Which Countries do Saxo Markets support?

Saxo Markets operates across the world. However, due to regulations Saxo Markets does not accept clients from Brazil, Republic of Korea, Islamic Republic of Iran, Iraq, Syrian Arab Republic, Japan, and United States.

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 an excellent agent, and its users may vouch for it. The highlight of the platform is its quick order execution on transactions.

You will discover the clean design of this platform and the commendable features that a pleasure 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 reaffirm their trustable 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 the withdrawal from Saxo Markets to show in your bank account.

Are Saxo Markets regulated?

Saxo Markets are regulated by Financial Conduct Authority (FCA)

Is Saxo Markets a market leading broker?

Saxo Markets is indisputably among the business leaders. It has over 10,000+ registered users and over 10 years of experience on its own record. They're one of the world's leading trading platforms and a dominant figure in the Fintech revolution.

It majorly owes this standing to its incredible platform and broad range of tools plus resources so that 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?

Through Saxo Markets, many traders make a great deal of cash. But on average, through continual trading, you also can create between 2% - 10% profit a month.

This may seem to be a small number, but over the entire year, this adds to a significant number of gains. While Saxo Markets provide you all the tools to earn money, they cannot guarantee you will profit.

Does Saxo Markets have fees?

Yes. To begin trading using Saxo Markets, you have to deposit $6500. Particular commissions while trading additionally apply. 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 globally recognised agent 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 unfavorable, Saxo Markets suggests you promptly contact client services. For this, you can correct any imbalances in your own account.

Does Saxo Markets offer guaranteed stop loss?

Saxo Markets regrettably, doesn't provide guaranteed stop loss. Saxo Markets gives a chance to its traders to close their trades in their given price. Apart from that, Saxo Markets doesn't provide guaranteed stop loss.

Does Saxo Markets allow scalping?

Yes, Saxo Markets do permit scalping. Many traders across the world select Saxo Markets for their services that are trading. They offer trading on Mac, Web Trader, Tablet & Mobile apps which let 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.

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 demo accounts so you can learn their systems before risking any real money. Newbie traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of the company’s features before signing up for a live account.