Forex Brokers

Saxo Bank Canada

4.0 (5 reviews)
🇨🇦 Canada, Toronto
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About Saxo Bank Canada

Multi-asset trading

Customer Reviews

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Hidden costs and aggressive marketing

D
Donna D.
1 months ago

Initially attracted to Saxo Bank Canada 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

Reliable broker with good regulation

E
Eugene Z.
6 months ago

Been trading with Saxo Bank Canada for 18 months. What I value most is the regulation - knowing my funds are segregated and protected gives me confidence. Spreads are competitive on majors, slightly wider on exotics. The platform rarely goes down and trade execution is good. Solid choice.

Pros: Strong regulation, fund segregation, reliable platform

Cons: Exotic pair spreads could be tighter

Best forex broker I have used

B
Benjamin D.
7 months ago

Saxo Bank Canada 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

Professional-grade trading platform

M
Mark C.
7 months ago

As a full-time forex trader, I need a broker that can keep up. Saxo Bank Canada 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

Good for both beginners and pros

K
Kimberly L.
11 months ago

Saxo Bank Canada caters well to different experience levels. Their educational resources helped me learn forex trading fundamentals, and as I've grown, their advanced tools have supported my progression. The social trading feature is interesting for following experienced traders. Good overall package.

Pros: Education, social trading, progression-friendly

Cons: Social trading results can be misleading