Saxo Bank Review conducted by ForexSQ team for those traders want to open account with SaxoBank group, In this Saxo Bank Forex review you will know about Saxo Capital Markets like what is SaxoTraderGo and how to open Saxo trading account with Saxo MT4 platform, You will also know about how to do Saxo Bank login or what is Saxo Bank Copenhagen address and phone number.
Saxo Bank Review By ForexSQ
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Saxo Bank is a Danish investment bank specializing in online trading and investment. It was founded as a brokerage firm in 1992, under the name Midas Fondsmæglerselskab, by Lars Seier Christensen, Kim Fournais and Marc Hauschildt. The name was changed to Saxo when the company obtained a banking license in 2001. Saxo offers trading through its online platforms in Forex, stocks, CFDs, futures, funds, bonds and futures spreads. The company functions as an online broker with a bank license, without offering traditional banking products. According to Saxo, roughly half of its activities are derived from partnerships with institutional trading partners. More than 100 financial institutions globally service their end clients with Saxo Bank’s platforms on White Label basis.
Saxo Bank is headquartered in Copenhagen, but also has offices in financial centres such as London, Paris, Zurich, Dubai, Singapore and Tokyo. According to the bank, it has clients in 180 countries and has a daily average turnover of approximately USD 12 billion.
Saxo Bank Trading Platforms
Never mind you are a professional tradre or an investor who needs access on the go, Saxo Bank group have the right online trading platform for you in “SaxoTrader” or “SaxoTraderGO”. The trade off is usually between professional-level trading power on one side, and mobility & cross-device functionality on the other. But with Saxo you don’t have to choose. You can have both.
Cross-device platform, allowing you to trade on many devices from your Saxo account. Geared towards investors and traders on the move. Your settings and preferences migrate seamlessly. Below is SaxoTraderGo advantages:
- Accessible across browsers on a PC, Mac, tablet or smartphone. Or use our iOS or Android apps. Switch devices seamlessly.
- Simple functionality with quick, reliable trading and order execution. Intuitive charting, technical analysis, and trading from the chart.
- Comprehensive information. Market research, news and economic calendar. Push-notifications, info-streams and access to the Saxo Academy.
SaxoTrader is a fully customisable, comprehensive professional desktop platform. Trade across multiple screens, and complement with SaxoTraderGO when you go mobile, Below is SaxoTrader advantages:
- Individual set-up for up to six screens, with dedicated modules per asset class. Fast and accurate order, trading and position management.
- Individualised market information. Streaming news with custom filters and direct access to Saxo dealers via chat.
- A full suite of trading tools and facilities, built for speed. Advanced charting with annotations, moving averages, oscillators, volume studies and more.
Saxo Bank App
The Saxo Bank Apps and trading markets are accessible using a variety of the most popularly used electronic handheld devices that include iPhones, Blackberry and Androids. The SaxoBank Apps is free for both Android and IOS, You can download The Saxo Bank App for Android from Google Play and download The SaxoBank App for iPhone from Apple app store.
Saxo Bank Account Types
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Saxo Bank has 3 types of account (Classic, Premium or Platinum) to suit your needs and gain access to exclusive features including a dedicated account manager, multiple currency sub accounts, premium research and much more, Below is Saxo Bank Account types:
- Classic Account start with a deposit of £1,500
- Premium Account start with a deposit of £60,000
- Platinum Account start with a deposit of £300,000
Saxo Bank Demo Account
When clients open an online trading account, they are able to use a 20 day Saxo Bank Forex demo account that comes loaded with $100,000 of virtual money for traders to use for practicing currency trading before actually risking real money in a real world trading market.
To open a demo trading account with SaxoBank you just need to visit the broker’s website and sign up free then you will receive free instructions by email.
Saxo Bank Spreads and Commission
Like most online brokers, the Saxo Bank does not charge commissions for trades, hidden fees or other charges. The broker makes money by charging traders a slight forex spread that is included on all trading activities based on real time market values transacted by the client through the broker. Spreads start as low as 1 pips (points in percentage) for forex trades (depending on currency traded).
Traders should be aware that trading during volatile times created by adverse global events or financial news is much more risky and broker spreads tend to be wider.
Saxo Bank Leverage
The Saxo Bank leverage starts from 1:1 up to maximum 1:200, However the broker provides high leverage trading but if you are a newbie forex trader then avoid to use high leverage as it will increase to lose all of your capital.
Saxo Bank Margin Requirements
Saxo Bank margin requirements is fixed, The amount of margin that you are required with SaxoBank to put up for each currency pair varies by the leverage. For example, If you use 50:1 leverage then you may be required to put up €200 to hold a €10,000 position.
Saxo Bank Promotions
The SaxoBank does not offer incentives to traders in the form of promotional opportunities, unlike many of its competitors.
Saxo Bank Deposit and Withdrawal
Clients using Saxo Bank trading accounts can deposit funds using a variety of methods that include credit cards, checks, bank wire transfers and PayPal. Trading account withdrawals can be conducted using the same methods and require proper identification of account holders in accordance with strict international financial guidelines designed to prevent financial crimes like identity theft and money laundering.
Saxo Bank Deposit Fees
The SaxoBank Deposit fee is Zero, It means you will not pay any money as Saxo Bank deposit fees.
Saxo Bank Deposit Time
The SaxoBank Deposit time is between 1 through 3 business day and it depends to the methods you deposit your Saxo Bank account.
Saxo Bank Withdrawal Methods
SaxoBank withdrawal methods is various, Clients can using a variety of methods that include credit cards, checks, bank wire transfers and PayPal. Trading account withdrawals require proper identification of account holders in accordance with strict international financial guidelines designed to prevent financial crimes like identity theft and money laundering.
Saxo Bank Withdrawal Fees
The SaxoBank Withdrawal fees starts from Zero up to $20, The Saxo Bank withdrawal fees depends to which country and methods you want to receive funds.
SaxoBank Withdrawal Time
The SaxoBank Withdrawal time is between 3 through 5 business day and it depends to the methods you Withdrawal from your SaxoBank account.
Saxo Bank Withdrawal Problem
If you have any SaxoBank Withdrawal Problem then you can contact the broker directly and if it dose not solve the problem then you can contact the regulators to solve your Saxo Bank Withdrawal Problems, You can also submit your SaxoBank withdraw problems in the comment form below of the Saxo Bank reviews by ForexSQ.com forex trading website.
Saxo Bank Regulation
Saxo Bank is regulated and licensed broker with many regulators in different countries:
Saxo Bank A/S company registration no. 15731249 is incorporated in Denmark as a licensed bank no. 1149.
Saxo Capital Markets UK Limited is authorised and regulated by the Financial Conduct Authority with reference number 551422.
Investors who trade using the Saxo Bank forex broker will have access to a valuable library of educational materials that includes trading tools and support materials for all levels of traders, as well as professional analyses, expert commentary and training videos on a variety of topics.
The broker’s Academy also includes interviews with top traders in various markets whose invaluable expertise, wisdom, trading methods and strategies are shared with the company clients.
Saxo Bank Customer Service
The SaxoBank customer service are provided by its helpful staff of multilingual professionals who are available via online chat, email, fax or telephone during market hours 24/5 and provide support services in a variety of languages.
Saxo Bank Login
For login to SaxoBank broker you can visit the broker website, After sign up you can check your email for free instructions and do Saxo Bank login.
Saxo Bank Minimum Deposit
The Saxo Bank Minimum Deposit is 1000 pound, Euro or US Dollar.
Saxo Bank Trading Hours
Saxo Bank Trading hours of operation coincide with the global financial markets. Online CFDs and Forex trading is available from Sunday 5 p.m. to Friday 5 p.m., GMT time.
Saxo Bank Bitcoin Trading
At Saxo Bank you can buy or sell Cryptocurrencies like Bitcoin but you can not deposit or withdrawal with Cryptocurrencies like Bitcoins, So SaxoBank BTC chart is available for trading but you can not deposit or withdrawal with a Cryptocurrency.
Saxo Bank Live Chat
To get a fast support you can use Saxo Bank Live chat, The Saxo Bank Live Support is also available to support clients, To use Saxo Bank customer support just visit the broker’s website.
Saxo Bank Address
Saxo Bank Head Office address is:
Philip Heymans Alle 15, 2900, Hellerup, Denmark.
Saxo Bank Phone Number
The Saxo Bank Contact Number is: +45 3977 4000
SaxoBank Review Conclusion
SaxoBank is a trustworthy Forex dealer for an expert set in the Fx world, in addition to many other marketplaces such as options, futures, stocks, forex and bonds.
By this SaxoBank review now you know all about Saxo Capital Markets group, For latest online invetments or forex brokers news visit www.ForexSQ.com fx trading website each day please.