Saxo Bank Review
Saxo Bank is a global investment bank and one of the leading online brokers in the Forex market. With headquarters in Copenhagen, Denmark and offices all over the world in Paris, London, Geneva, Singapore, Tokyo, Zurich, Prague, Milan and Dubai, Saxo Bank is truly international. Saxo Bank clients have the ability to trade CFDs, Stocks, Options, Futures and more. However, Forex is one of their biggest markets.
Saxo Bank offers a variety of “private client” options as well as benefits for brokers and institutions looking to open large accounts. However, Saxo Bank offers incentives for retail traders as well. In addition to offering retail traders the opportunity to trade Forex, futures and stocks, Saxo traders also offers a number of Quick Start tutorials that are designed to familiarize users with the Saxo platform and interface.
Saxo Bank offers a free demo account that allows new traders to get used to the software. To start trading, a minimum deposit of $2,000 is required. However, small investors receive less benefits than larger customers. The Saxo Account, which requires an initial investment between $10,000 and $99,000 offers additional benefits and trading options; and the Saxo Premium Account, which requires an initial investment of $100,000 or more provides even more incentives, including a personal account manager.
Traders that are new to the Forex market may feel like Saxo Bank has a lot of conditions and stipulations, which need to be absorbed and dealt with. Many of these conditions are due to the fact that the Danish government regulates Saxo Bank. However, the conditions and fees leveraged by Saxo Bank are to ensure that the platform remains reliable, legal and one of the leading platforms for Forex on the Web.
