Best Retail Forex Platform.
Saxo Bank Competitors
Saxo provides direct access to over 5, bonds, including more than 3, developed-market and over 1, emerging-market bonds. On the flip side, corporate bonds are available only for 7 countries which is a limited coverage compared to Interactive Broker's 38 accessible local markets.
Please find below the main option markets:. You can trade with futures of the following underlying: For the full list of CFDs visit Saxo's site.
SaxoSelect is kind of a mix of mutual funds and robo-advisory. The annual management fee ranges between 0. Be aware that the displayed returns are gross for most of the strategies, meaning costs are not excluded from the quoted returns. A more transparent approach would be to provide the net return figures as well. Saxo Bank has an okayish fee structure. Its trading fees are mid-range, a bit more competitive than its peers. If you want to become a Saxo trader, fees should be on top of your agenda.
Some fees, especially Saxo Banks' inactivity fee is important for buy and hold investors too. Let's kick off with trading fees. However, its minimum trading fees are quite high. For example for US stock trading is the highest amongst its peers:. Equity, Forex, and CFD trading fees are average, while bond, option, and futures fees are quite high, especially if you trade with lower volumes.
Saxo's trading-related costs for typical trades shows Saxo Bank is mid-range among its peers. Saxo usually provides two pricing plans, the standard and the active. For active trader pricing visit Saxo Bank website.
CFDs are derivatives on underlying products. Trading fees of index-tracking, commodity, forex and bond CFDs are built in the spread of these products. Saxo offers a volume based pricing plan for forex trading. The more you trade the less commission you pay. The commission decreases according to the following table. Since the Saxo forex trading fee is commission based, Saxo's spreads are competitive.
You will have to pay a 0. The fees of the main currencies:. Above this threshold the trade is commission free, Saxo's fees are included only into the spread. Trading future at Saxo is also pricey. The trading fees are the same as for the equity and commodity options. The trading cost here is 0. If you want to understand what is a crypto ETN check out our crypto blogpost.
Saxo Bank has quite attractive non-trading fees. The financing rate is practically a mini SaxoBank loan for you to finance your overnight position. It is easy to navigate and provides all features. The Saxo trading experience is very much driven by how you like the platform.
Let's start the investigation with the Saxo login screen. We think they should offer the safer Saxo Bank login to every customer. The web platform is very sophisticated, but thanks to the easy to follow menu structure you can find everything very fast.
This might be overwhelming though if you are a starter and you do not know what CFDs and options are. The interactive chart function is also very well developed. We liked that you can not just trade from the chart but also open fundamental data.
You can work with four charts at the same time and the platform saves them when you log out. Be aware that there are two interactive chart views: At the web platform, you can find information about SaxoSelect and also trade the provided strategies. Saxo Bank's mobile platform has the same design and almost the same functionality as the web platform, so it is great.
Functionality-wise the fundamental data and Saxo Select are missing from the mobile app. We think SaxoSelect should be included in the mobile version as well, although the app is totally usable without the fundamental data. SaxoTraderPro was launched in March It has the same design as the web platform, however, it has more functionalities. One of the main advantages is the fully customizable layout.
You can use six windows at the same time and create your own trading environment. Each window is fully customizable and you can insert any functions.
This is great and we are pretty sure heavy traders will love it. Our favorites new functions were the depth trader and algorithmic orders. The algos you can use: The functions are divided into three subsections, the trading, the research and the account.
By using the menu button you get a really good overview of all the functions. This is a big help, since you do not have to dig in to different menu point in order to find something. The more functions do not come with more complexity. This is also really great about the platform. For example, you can open as many charts as you want and manage your positions from the charts. The transparency is another thing we loved. Here you can see all the fees related to that instrument. We highly recommend this platform for traders aiming for a robust but still handy desktop trading tool.
Saxo Bank has a great quality and very broad research service operated by an entire analysis and strategy team. Research can be accessed from the web or desktop Saxo trading platforms or from tradingfloor. The equity research panel is absolutely brilliant, bearing in mind that this is a retail brokerage service. On the equity research front page, you can check out the winners and losers of the larger stock exchanges, read the related news and see the related trade signals and calendar events.
Detailed fundamental data on individual stocks can be accessed from the search panel or from the trading panel. On top of that, if you want to benchmark your own analysis, analyst consensus and target price information are also available. It's a pity you cannot download fundamental data to an excel for further analysis and projection. In the screener, you can filter by country, industry, financials, and valuation criteria.
We think this is a great and very useful function. From asset classes other than equity, news can be found at the web platform, but deeper analyses are available on tradingfloor. The same research functions are available from the desktop platform as from the web platform. However, the desktop platform has one additional feature. The trade ideas are provided by external research companies: This is a separate page operated by Saxo.
There is a lot of information here, you need to know what you are looking for. Powerful tools and features Benefit from integrated Trade Signals, news feeds, market data and innovative risk-management tools. An individual point of contact for platform, trading and account queries. Live market commentary, risk management and post-trade support from our senior sales traders. News and commentary on all major asset classes from our global team of market analysts — SaxoStrats.
Self-service support centre, email helpdesk, and suggested news and educational content based on your trading history. Each team member is a Saxo platform specialist and fully immersed in their local market. Puts and calls on 40 FX vanilla options, plus six FX touch options.
The FX volume-based discount plan is designed to serve both high- and low-volume traders. You can read about our discount plan in detail here. You can see our trading conditions for both FX spot and FX forwards here. You can find more information about the FX value date rollover here.
In addition, our experts run a series of webinars to help you broaden your understanding of forex trading and seize market opportunities. Our expert strategists regularly post news, analysis and commentary to help you stay one step ahead of developments in the market and provide actionable trade ideas. You can access their posts in the Insights section of our website, or directly through our trading platform.
For further information click here. Net commission is calculated at 50 USD per 1 million USD traded, with the benefit of increasing commission discounts based on the average of the most recent 3 months trading volume.
The Saxo Group spans the entire globe with a strong, unified network. Both our local sales and service organisations as well as our global online presence allow for us to give first-class service to clients in more than countries.
The value of your investments can go down as well as up. Losses can exceed deposits on margin products. Complex products, including CFDs and FX, come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
Award-winning FX trading platforms Fast and reliable access to the markets from your phone, tablet, laptop, or multi-screen desktop setup.
Live spreads Volume-based discounts. Market-leading spreads from 0. Forex pricing details View all FX prices Forex margins.