Rather than changing a chart layout through each individual stock, you have to go to platform settings to access the charting tools. Despite this, there are many ways to customise a chart as there are 64 indicators and 20 drawing tools. See our picks for best share dealing accounts for beginners, based on our extensive saxo bank broker review hands-on testing of share trading apps available in the U.K. You can overlay different stocks on the same chart to compare historical performance although you can’t change the layout of a chart through drawing tools or add indicators.
Corporate clients can benefit from a Corporate Account, which offers dedicated support and a professional-grade platform. Saxo Bank offers one of the most versatile and user-friendly platforms in the trading industry. Whether you’re a beginner or a professional trader, Saxo’s platforms provide the flexibility to trade a wide range of assets across various devices.
The broker is regulated by multiple tier-1 authorities and offers strong fund protection up to 100,000 EUR. The broker offers a loyalty program called “Saxo Rewards”, which we should discuss in this Saxo Bank review. This extensive coverage supports sophisticated diversification for both retail and professional investors. Saxo Bank broker aims to verify most accounts within 24 hours, though complex cases may take longer.
Saxo Reviews: Professional Grade Trading & Investing For Everyone
- What separates Saxo is their domestic and international stockbroking services.
- The key areas of this Saxo Bank review were on their currency trading offering.
- I’ve lost money to fees because Customer Service agents told me i could deposit money when that wasnt the case.
- Clients with Platinum or VIP status may access tighter spreads — from 0.4 pips or lower — depending on their trading volume.
XTB is authorised and regulated by the UK Financial Conduct Authority (FRN ), with its registered office at Level 9, One Canada Square, Canary Wharf, London, UK. But they have a branch in Belgium, which means they can withhold taxes like any Belgian broker can. So in practical terms, they offer the same advantages as a Belgian broker.
Traders can rest assured that their capital is in the best hands the global financial system has to offer. Prior to 2o15 Saxo had a partnership with London Capital Group (LCG) but a leadership change led by Charles-Henri Sabet led to the closure of the spread betting partnership. Saxo Bank serves clients in most regions worldwide, including Europe, Asia-Pacific, the Middle East, and Latin America.
Top Forex brokers vs Saxo Bank
As one of the most transparent and trusted banks as well as brokers in the world, it caters to new traders as well as to professional traders, institutions and hedged funds. The broker’s main focus is on the professional crowd with better offerings from a minimum deposit of €/£50,000, but their Classic Account does come with a minimum deposit of just €/£500. Shares trading is one of the most popular services offered by Saxo Bank. They offer share trading in Australia, USA, UK, Singapore and even Chinese stocks. Overall, traders have access to over 19,000 shares overseas across 36 exchanges. Their share trading offering won “Outstanding Value International Share Trading” in both 2017 and 2018.
Saxo’s Investing App are Great for Beginners and Excellent for Professionals
- Withdrawals are handled free of charge through the Online Cash Withdrawal Module, unless a manual funds withdrawal form is submitted which is subject to a $40 charge.
- Yes, Saxo offers stock lending and interest on uninvested capital, allowing users to generate passive income directly from their accounts.
- SaxoTrader Pro, the desktop trading platform, offers the same core elements as SaxoTraderGO but can be split to cover six screens.
- On £45,000 worth of fund investments, this would bring your total annual management fees to £180 – making Saxo even more costly compared with other brokers.
This is the main account type that has the best of services, price and priority support in local language. VIP clients receive priority one-to-one support, market commentary, assistance placing complex orders and a sparring mate to discuss trading strategies. The minimum account opening balance is £1 million or AUD1 million or $1 million. This section of the Saxo Bank website updates clients with market news, analysis and forecasts. It is prepared by the Saxo in-house analysts known as the ‘SaxoStrats’ who provide daily insights, analysis and views across global markets, asset classes and tradable instruments.
Saxo Classic
IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed. It is a great option for retail investors interested in trading international stocks, ETFs, bonds, futures, options, and even penny stocks. It is ideal for beginners or professionals looking for a large number of instruments and a safe broker. Given the 35,000+ assets which are offered, traders may feel a bit overwhelmed, but rest assured; not all traders will trade all assets. While the online tools give great and transparent insight to what Saxo Bank offers, inside the trading terminal information will be eve easier to navigate through. Saxo Bank has done a fantastic job when it comes to asset selection, presentation, pricing and transparency.
This platform provides professional-grade features, including advanced order types, multi-screen support, and detailed analytics, catering to the needs of experienced traders and institutional clients. Saxo offers a highly sophisticated trading platform used by private, professional, and institutional investors. The global trading platform, operated by Saxo Bank, offers a huge range of international shares and funds across 50 global stock exchanges. Saxo has just launched SaxoInvestor, a simplified version of its main trading platform, aimed at a wider pool of investors.
Bonds
Saxo Bank offers video tutorials, trading courses, webinars, and daily market analysis, ideal for both new and experienced traders. Explore over 185+ currency pairs including majors, minors, exotics, and cryptocurrencies. Additionally, trade spot metals with competitive spreads starting from just 0.6 pips. Saxo users in Belgium can set up an ETF savings plan through AutoInvest. For a flat fee of €2 per month, Saxo will automatically purchase your selected ETFs on the 5th of every month (or the next banking day if the 5th is a holiday or in the weekend). There’s no additional trading commission, and you can invest as little or as much as you want as there is no minimum amount required.
She is passionate about helping people understand finance and investing. A keen investor herself, Elizabeth invests through general dealing accounts, ISAs and several SIPPs. The new SaxoInvestor website, aimed at a wider range of investors, is a slimmed-down version of SaxoTraderGo. You can view your portfolio and how your investments are performing, see global market movements, check the current most popular stocks across different regions, and read global stock market news. You can compare different stocks through the ‘advanced chart’ setting and there are still many ways to customise a chart. A custody fee of 0.12% is charged on both Classic and Platinum accounts.
Is Charles Schwab a Good Choice for Beginner Investors in 2025?
Saxo Bank is regulated by the Danish Financial Supervisory Authority (DFSA) which means you are protected by the European Investor Protection Scheme up to €20,000. Because you have to explicitly opt-in to securities lending, we found the system very transparent, similar to MEXEM. In contrast, brokers like BUX or DEGIRO are not as transparent and can always lend out your shares. When Saxo Bank purchased BinckBank, they operated under a Dutch banking licence and regulated by the AFM and DNB – the Dutch regulators – and continue to do so.