Danish multi-asset broker offering forex, CFDs, stocks, and futures through professional-grade trading platform.
Saxo Bank offers some of the tightest spreads in the industry, especially on major pairs. Execution is lightning fast with minimal slippage. The MetaTrader integration works flawlessly and their proprietary platform has excellent charting. Demo account is unlimited which helped me practice strategies risk-free.
Pros: Tight spreads, fast execution, great platforms
Cons: Limited educational content for beginners
Started with Saxo Bank optimistically but my experience has been mixed. The platform itself is good and execution is fast. However, I noticed spreads widen significantly during news events and the swap rates are higher than competitors. Good for day trading, less so for holding positions overnight.
Pros: Good platform, fast execution for day trading
Cons: Wide spreads during news, high swap rates
As a full-time forex trader, I need a broker that can keep up. Saxo Bank delivers with institutional-grade execution, deep liquidity, and competitive pricing. Their VPS hosting option ensures my automated strategies run 24/7. Withdrawals are processed within 24 hours. Can't fault them.
Pros: Institutional execution, VPS hosting, fast withdrawals
Cons: Minimum deposit higher than some competitors
Initially attracted to Saxo Bank by their advertising. The headline spreads look great but in practice there are additional costs that aren't immediately obvious. I also get bombarded with promotional emails and phone calls encouraging me to deposit more. The trading itself is fine but the marketing tactics are off-putting.
Pros: Trading platform works adequately
Cons: Hidden costs, aggressive marketing practices