Top Forex Brokers

SaxoBank Review

General Features, Location and Regulation

Reviewed broker: SaxoBank

Established in 1992

Location: Denmark and subsidiary offices over 25 countries

Regulation: Danish Financial Supervisory Authority, ASIC, Banque de France, FCA UK, SFC Hong Kong, Japanese Financial Services Agency, Dubai Financial Services Authority, FSB South Africa, CMBT Turkey, Monetary Authority of Singapore, Swiss Federal Banking Commission, Bank of France

Market maker model: yes

ECN: yes

Accounts, Payments and Trading Conditions

Trading instruments: Forex, CFDs, Contract Options, Futures

USA traders: not accepted

Trading platforms: Saxotrader, Saxowebtrader

Metatrader 4: not available, discontinued

Account types: all-inclusive price plan, volume price plan

Minimum deposit requirement: $10,000

Analysis tools: stock screener, equity research, advanced charting

Currency pairs: 169

Demo account: available, but limited to only 20 days

Commissions: Saxobank charges commissions for their trading services based on the account you choose.

Maximum leverage is up to 1:100

Spread types: fixed, floating

Fixed spreads start from 2.0 pips

Floating spreads start from 0.5 pips plus up to $6 commissions

Minimum position size: 0.05 lot

Payment methods: wire transfer, credit cards

Learning Material and Latest Promotions

Customer support: phone, email, online chat

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