Saxo Bank

Briefly about the company

Saxo Bank was founded in 1992 and was originally called Midas. After the company received a European banking license in 2001, it was renamed Saxo Bank. The company is headquartered in Copenhagen. Saxo Bank has a wide network of representative offices around the world. The broker specializes in online investments in international financial markets and investment services.

Regulatory organization

Saxo Bank operates under the supervision of the Danish Financial Conduct Authority (DFSA), license number 1149, and is a member of the Danish Guarantee Fund for Depositors and Investors. The company also follows the provisions, norms and requirements of the European Union Markets in Financial Instruments Directive (MiFID). Depending on the jurisdiction, the company has licenses to carry out activities from organizations such as FCA, Bank of Italy, Czech National Bank, Bank of the Netherlands, Bank of Cyprus, MAS, SFBC (now FINMA), Bank of France, Central Bank of the UAE, JFSA, FSB, SFC, ASIC, CMBT.

Company Services

The company provides its clients with a wide range of services:

• Forex trading
• Training
• Investment
• Partnership programs

Account types

Saxo Bank provides access to global markets from a single account, which has three levels of service:

Classic

• Minimum deposit: 2,000 USD
• Access to all trading instruments
• Technical support during trading hours
• No service fees
• Free access to TradeMaker trading ideas module

Premium

• Minimum deposit: 100,000 USD
• Access to all trading instruments
• Technical support during trading hours
• No service fees
• Free access to TradeMaker trading ideas module
• Free advanced news and research issues
• Consulting with a personal financial manager

Platinum

• Minimum deposit: 500,000 USD
• Access to all trading instruments
• Technical support during trading hours
• No service fees
• Free access to TradeMaker trading ideas module
• Free advanced news and research issues
• Consulting with a personal financial manager
• Access to trading on individual terms
• Minimum possible spreads
• VIP status

The broker provides clients with the opportunity to open Corporate account. All its features, as well as the nuances of opening, must be clarified with the company’s specialists.

Trading instruments

Among the assets, Saxo Bank clients can choose from currency pairs (182), stocks (19,000), futures (over 200), CFDs on stocks (8,840), CFDs on indices and commodities (29), ETFs and ETCs (3,101), bonds (7,000), stock options, contract options, Forex options.

Trading platform

Trading is carried out using platforms that are the bank’s own developments:

• SaxoTrader – allows you to trade on any device from a single account, as well as automatically save and update personal settings and parameters on all mobile devices.
• SaxoTraderGO is a complete professional desktop platform that allows you to trade simultaneously on multiple screens.

Investment opportunities

The company offers investment opportunities through the automated service SaxoSelect, which allows you to use the knowledge and skills of professional traders and make investments directly from the trading platform. Clients wishing to receive passive income can choose one of the investment programs:

The Saxo Morningstar Moat portfolio offered through the SaxoSelect service consists of 30 actively managed and balanced stocks by the Saxo team in conjunction with Morningstar. Suitable for medium and long term investments. Portfolio control can be done from the SaxoTraderGO trading account. The company charges a service fee of 0.75% per annum (including VAT) for managing this portfolio and a trading commission of 0.06% of the value of each transaction (but not less than 2 EUR).

SaxoSelect trading strategies, namely: Discretionary Trading (minimum investment – 20,000 USD), Charts & Patterns (minimum investment – 20,000 AUD), Commodity Focus (minimum investment – 20,000 USD), Macro FX Trading (minimum investment – 10,000 EUR), Global StockPicker (minimum investment – 20,000 EUR). The investor is only required to choose the most suitable strategy for him, then experienced traders will manage the process, and the profit received from their work will go to clients’ accounts (minus commissions).

Training

Novice traders are encouraged to complete the training courses presented in the Saxo Academy section. Also for independent distance learning in Forex trading, there are videos and other auxiliary materials on the company’s official website.

Partnership programs

Saxo Bank offers a fairly wide range of programs for partnership cooperation: White Label and Open API, IB and co-branding, portfolio management, execution, Prime Brokerage, API & liquidity solutions. More about terms of partnership programs can be obtained from the Saxo Bank specialists.

Account deposit / Account withdrawal

You can replenish the deposit and withdraw funds by bank transfer and Visa / MasterCard / Maestro cards.

The broker is regulated by the following regulators:

DFSA, MAS, FINMA.