Saxo Capital Markets offer two ways to trade: Forex, CFDs.
To open a live account, you’ll need a minimum deposit of at least $6500. Alternatively, Saxo Capital Markets offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 551422). Saxo Capital Markets puts all client funds in a segregated bank account and uses tier-1 banks for this. Saxo Capital Markets have been established since 2012, and have a head office in Denmark.
Before we dive into some of the more detailed aspects of Saxo Capital Markets’s spreads, fees, platforms and trading features, you may want to open Saxo Capital Markets‘s website in a new tab by clicking the button below in order to see the latest information directly from Saxo Capital Markets.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are Saxo Capital Markets's spreads & fees?
The spreads displayed below are based on the minimum spreads listed on Saxo Capital Markets’s website. The colour bars show how competitive Saxo Capital Markets’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USD1.0 PIPS $2 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPY1.1 PIPS $2 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USD1.5 PIPS $2 per lot
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Example: How much would it cost to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:
|Saxo Capital Markets||AvaTrade||Plus500|
|Typical overnight fee:||$-0.03||$5.00||$9.40|
|Total cost of a 100k trade:||$2.97||$12||$15.4|
|+$9.03 more||+$12.43 more|
|Visit Saxo Markets||Visit AvaTrade||Visit Plus500|
All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.
What instruments can you trade with Saxo Capital Markets?
|FX / Currencies||Saxo Markets||AvaTrade||Plus500|
|# of forex pairs offered||180||59||61|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||Saxo Capital Markets||AvaTrade||Plus500|
|# of commodities offered||70||16||17|
|Indiced & Stock CFDs||Saxo Capital Markets||AvaTrade||Plus500|
|# of Stocks offered||19000||99||1816|
|See Saxo Markets's Instruments||See AvaTrade's Instruments||See Plus500's Instruments|
What's the Saxo Capital Markets trading experience like?
1) Platforms and apps
Saxo Capital Markets offer a user-friendly custom trading platform, available as both a downloadable program or as a broswer based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.
Saxo Capital Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.See Saxo Markets's platforms
2) Executing Trades
Saxo Capital Markets allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.As Saxo Capital Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Saxo Capital Markets offer margin up to 0.02% on currencies.
Finally, we‘ve listed some of the popular funding methods that Saxo Capital Markets offers its traders on the right.
3) Client support
Saxo Capital Markets support a wide range of languages including Arabic, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hungarian, Italian, Norwegian, Polish, Romanian, Russian, Slovenian, and Spanish
Saxo Capital Markets have a BrokerNotes A support rating because Saxo Capital Markets offer over three languages and email support.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://uk.saxomarkets.com/ on March 6, 2018.