SaxoBank is a popular investment bank that specializes in providing online trading services with a wide variety of financial instruments, including CFDs, obligations, shares, Forex, futures. It was established in 1992. Even though SaxoBank has a license of an investment bank, the company does not offer traditional bank products and acts as an online broker platform. It is connected to more than 100 institutions worldwide. The broker complies with more than 12 jurisdictions worldwide.

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  • Fouded

    1992

  • Min deposit

    5000$

  • Min withdrawal

    50$

  • Withdrawal fee

    40$

  • Inactivity fee

    $100 per month after half year inactivity

  • Min bet

    0.01 lots

  • Max. leverage

    1:30

  • Withdrawal of funds

    1-5 working days

  • Asset type

    CFD, Forex, Crypto, Stocks

  • Regulated

    Danish FSA, FCA

  • Deposit with credit card

    Visa, Mastercard, Maestro, Bank transfer

  • Depositing with electronic wallet

    no

  • Withdrawal

    Visa, Mastercard, Maestro, Bank transfer

  • Avalaible plamform

    MT4, WebTrader, IOS, Android

  • Company registration

    Saxo Bank A/S (Headquarters) Philip Heymans Alle 15 2900 Hellerup Denmark

  • Availability

    Saxo Bank accepts traders from Australia, Thailand, Canada, United Kingdom, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembour

Pros

  • Great trading platform

    Outstanding research

    Broad product portfolio

Cons

  • High bond, options and futures fees

    High minimum deposit

    Lacks live chat and 24/7 availability