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.
Fouded
1992
Min deposit
5000$
Min withdrawal
50$
Withdrawal fee
40$
Inactivity fee
$100 per month after half year inactivity
Min bet
0.01 lots
Max. leverage
1:30
Withdrawal of funds
1-5 working days
Asset type
CFD, Forex, Crypto, Stocks
Regulated
Danish FSA, FCA
Deposit with credit card
Visa, Mastercard, Maestro, Bank transfer
Depositing with electronic wallet
no
Withdrawal
Visa, Mastercard, Maestro, Bank transfer
Avalaible plamform
MT4, WebTrader, IOS, Android
Company registration
Saxo Bank A/S (Headquarters) Philip Heymans Alle 15 2900 Hellerup Denmark
Availability
Saxo Bank accepts traders from Australia, Thailand, Canada, United Kingdom, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembour
Pros
Great trading platform
Outstanding research
Broad product portfolio
Cons
High bond, options and futures fees
High minimum deposit
Lacks live chat and 24/7 availability
Top 5 brokers
Alpari
- Foundation: 1998
- Leverage: up to 1:1000
- Min.Deposit: 5$
- Min withdrawal: 15$
eToro
- Foundation: 2007
- Leverage: up to 1:1000
- Min.Deposit: 200$
- Min withdrawal: 50$
easyMarkets
- Foundation: 2001
- Leverage: up to 1:400
- Min.Deposit: 25$
- Min withdrawal: 50$
IG
- Foundation: 1974
- Leverage: up to 1:50
- Min.Deposit: 250$
- Min withdrawal: 100$
Plus500
- Foundation: 2008
- Leverage: up to 1:300
- Min.Deposit: 100$
- Min withdrawal: 100$
