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Saxo Bank — Forex Broker

Saxo Bank:

Company: Saxo Bank
On-line since: 1999
Country of origin: Denmark
Regulation: Saxo Bank is an officially registered European bank.
Payment options: Wire transfer
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Rating:
5.3/10 with 107 votes

Rate broker — Saxo Bank:
Categories: Oil trading brokers
Gold trading brokers
Forex brokers with advanced platform
Institutional Forex brokers
Forex brokers with CFD trading
Opinions: See Saxo Bank reviews.

Advantages:

  • Unique trading software
  • Very solid company

Disadvantages:

  • Very high margin requirements
  • Opening an account is a complicated process

Click here to open an account with Saxo Bank


Reviews:

5 reviews of Saxo Bank are presented here. All reviews represent only their author's opinion which is not necessarily based on the real facts.


Tiger from UK04/21/2010

They have just paid out some of the Investors who lost money in GFX. Will they pay the rest. £6.4 million between 325 leaving around 450 who haven;t been paid.

What should they do to get some of their money back.


Mai from Denmark02/10/2010

Please stay away from Saxobank. It is the worth broker ever. It takes only few second to deposit your account, but it is extremely difficult to withdraw cash from your account. I withdrawn my money last week, but haven't got any money so far and I am not sure if I would get it.

I have called them several times, and they said everytime I called that you would get money today, but money never be transferred to my bank account.

The platform is horrible, too many errors and delay. I have experienced an error such as "internal server error". You cannot place an order, cancel an order or even change your stop loss, unless you sign out and sign in again.

You stop loss does not stop at the point you set, and you will always loose money more than you have set your stop loss.

They wrote on their website, that the minimum deposit is 2000 USD, but this account is not available, and they will ask you to pay 10000 USD for deposit.

Saxobank is SCAMP. Please stay away from them.


Paul Stevenson from New Zealand12/18/2009

If you trade FX. STAY AWAY. Worst ever


Bohumil Prazak from Czech Rep.07/15/2009

Platform is bullshit - shows different prices on different time frames.

Choose some prof. platform or provider with MT4.

Btw. spreads are doubled against average.

P.S Who likes to see screens copies, mail me.


John Simmons from Japan04/02/2008

They are the worst broker I have come across. They seem to activate my stop losses and profit from it. When I bought index CFDs and when the market went up, they said that they received incorrect feeds from their MM.

They cancelled my successful trades after 60 mins and then put my original orders back.

Aren't they a MM anyway ?

Avoid them like a plague



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