Overview of Saxo Bank 2021

Saxo Bank is an investment company led by Saxo Capital Markets. The company was founded with a license in the capital of Denmark in the early 90s. The main office is located in Copenhagen, various representative offices were opened in the following countries: Australia, China, Singapore, Japan, the UK and others.

The company offers customers several tens of thousands of assets for trading the following groups: stocks, bonds, futures, commodities, options, and forex. The total amount of funds allocated by clients to the company exceeds 17 billion dollars. The number of transactions exceeds one million a day.

The broker offers very narrow spreads and fast execution.

Types of trading accounts and commissions

Depending on the volume, you will be offered different discounts and more favorable rates. Initially, each client gets into a standard level for 30 days, and then automatically makes a distribution.

Classic account – the cost of activating a trading account, or rather the amount necessary to begin work varies depending on the country in which the client lives: for British clients it is 500 pounds, for the clients of the Australian continent – 3000 Australian dollars, for all others – 10 000 US dollars.

The account is platinum. Commissions are 30% lower than the standard account. Minimum trading account size for UK clients is GBP 50,000, for Australian clients GBP 50,000 and all other clients must have USD 200,000 on their trading account to activate trading at this rate.

VIP account

There is a high enough entry threshold of $1,000,000, regardless of the location of the client. The trader who works on this account receives an individual consultant, out of turn service, all kinds of assistance.

Traders who have VIP and platinum accounts can use all the privileges of their account. Such as a personal manager, participation in various thematic events, training assistance, and an exclusive selection of market news in accordance with your chosen criteria.

Professional account

This type of account is created only for traders who trade large volumes, for experts on the markets or just for rich people. The company imposes a number of certain requirements to the future owners of such accounts. The leverage is rather high (in this company), with the maximum size of 1:66, but it lacks some of the protection features of accounts for retail clients.

Corporative account

If you are the owner of an organization you have a bank account in the name of the organization you can provide the documents required by the company in order to get full support and the ability to earn 40,000 assets. It takes at least one week to check the documents. Such customers get an individual manager.

Saxo Bank is a strong brokerage company with several regulators. From time to time it receives an award for the best service and for the biggest assortment of trading tools and there are 42 000 of them. The spreads are low as compared to its competitors and the execution is of the highest level.

The platforms provided by the company are quite simple and at the same time they have a great functionality, so they are suitable for customers with different level of training. The main platform used is MT4, which is available free of charge for the company’s clients.

The company provides a lot of training materials which allow not only newcomers to grasp the essence of trading at the exchange, but also traders with some experience to gain additional knowledge, which is never redundant, as experience shows. The company has its own experts who daily analyze the market in order to find the most suitable deals for their clients. For clients who do not have enough time the company offers an investment portfolio for passive income. And support service is ready to answer all your questions around the clock.