Saxo Bank
Rating: 1 / 5Saxo Bank is a fully licensed European bank and is one of the best-known players in the global brokerage industry. As one of the most transparent and trusted banks as well as brokers in the world, it caters to new traders as well as to professional traders, institutions and hedged funds. The broker’s main focus is on the professional crowd with better offerings from a minimum deposit of €/£50,000, but their Classic Account does come with a minimum deposit of just €/£500.
Saxo Bank is a fully licensed European bank and is one of the best-known players in the global brokerage industry. As one of the most transparent and trusted banks as well as brokers in the world, it caters to new traders as well as to professional traders, institutions and hedged funds. The broker’s main focus is on the professional crowd with better offerings from a minimum deposit of €/£50,000, but their Classic Account does come with a minimum deposit of just €/£500.
Broker Details
- Headquarters
- Denmark
- Established
- 1996
- Min Deposit
- $500
- Execution
- ECN/STP
Trading Costs & Spreads
- EUR/USD
- 0.7 pips ($7.00)
- GBP/USD
- 1.1 pips ($11.00)
- Gold
- $0.55
- Bitcoin
- $90.65
- WTI Crude
- $0.05
Platform & Features
- Trading Platforms
- Proprietary platform, Web-based
Pros
- Large Banking Institution
- Fully Regulated
Cons
- U.S. Traders Not Accepted
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