Saxo Capital Markets Review 2025

Saxo Capital Markets review
Saxo Capital Markets Awards

Saxo Capital Markets have won numerious industry awards over the 12 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Saxo Capital Markets below.

• Best Prime of Prime Broker - FX Markets e-FX Awards 2024

Saxo Capital Markets review
Saxo Capital Markets Fees Explained

• Saxo Capital Markets doesn't charge withdrawal fees.
• Saxo Capital Markets does not charge a fee for inactive accounts.
• Saxo Capital Markets doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Saxo Capital Markets are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Saxo Capital Markets Costs To Check

Modern brokers like Saxo Capital Markets provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Saxo Capital Markets may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Saxo Capital Markets trading profitability.

How Saxo Capital Markets Fees Compare Against Other Brokers

Saxo Capital Markets Minimum Deposit

Saxo Capital Markets does not require a minimum deposit when opening an Saxo Capital Markets trading account.

In the trading world, brokers like Saxo Capital Markets, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Saxo Capital Markets Withdrawal Fees

Saxo Capital Markets doesn't charge withdrawal fees.

Saxo Capital Markets Withdrawal rules may vary across different brokers when it comes to transferring funds from your Saxo Capital Markets or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Saxo Capital Markets may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Saxo Capital Markets withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Saxo Capital Markets. Researching and comparing Saxo Capital Markets withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Saxo Capital Markets funds frequently or dealing with large sums of money. Awareness of these Saxo Capital Markets fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Saxo Capital Markets funds.

For example, Saxo Capital Markets allows you to withdraw your funds to Credit Cards, VISA, MasterCard, Maestro, Bank Transfer, Debit Cards.

Saxo Capital Markets Inactivity Fees

Saxo Capital Markets does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Saxo Capital Markets terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Saxo Capital Markets fees and services. It's recommended that you check the Saxo Capital Markets website before signing up. If you decide to close your Saxo Capital Markets account, it's important to do so with the Saxo Capital Markets broker customer support and obtain confirmation that no remaining Saxo Capital Markets fees are due.

Brokers like Saxo Capital Markets must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Saxo Capital Markets Deposit Fees

Saxo Capital Markets does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Saxo Capital Markets Commission Fees

Saxo Capital Markets does charge commission on CFD instruments.

Brokerage firms like Saxo Capital Markets may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Saxo Capital Markets trading account level held by the trader.

Saxo Capital Markets may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Saxo Capital Markets terms and conditions to understand the commission fees and any other charges that may apply is essential.

Saxo Capital Markets review
Trading on Saxo Capital Markets web platforms and other applications

Saxo Capital Markets provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

A Saxo Capital Markets iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

Saxo Capital Markets also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Saxo Capital Markets's platforms

Is the Saxo Capital Markets Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Saxo Capital Markets trading platform to protect you on PC and mobile Saxo Capital Markets platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Saxo Capital Markets web trading platforms.

Saxo Capital Markets Trading Platform Options

Saxo Capital Markets does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Saxo Capital Markets offers its custom trading platform developed and tested in-house. The Saxo Capital Markets trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The Saxo Capital Markets platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With Saxo Capital Markets, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Saxo Capital Markets platform, including news and quotes. Discover possible trades with the strong charting tools found with Saxo Capital Markets. Saxo Capital Markets is available as downloadable applications or online through the cloud. Monitor your orders with Saxo Capital Markets and receive breaking news in your positions.

Saxo Capital Markets Trading benefits

• Saxo Capital Markets Allows scalping
• Saxo Capital Markets Offers STP
• Saxo Capital Markets Low min deposit
• Saxo Capital Markets Guaranteed stop loss
• Saxo Capital Markets Offers Negative Balance Protection

Saxo Capital Markets Trading Accounts Offered

Below we give an overview of the account types that Saxo Capital Markets offer. Whatever you are looking to trade, the varying Saxo Capital Markets account types will be able to provide you with what you need.

• Saxo Capital Markets Demo account
• Saxo Capital Markets Mini account
• Saxo Capital Markets Standard account
• Saxo Capital Markets STP account

Can I try Saxo Capital Markets?

Saxo Capital Markets provides a demo account that enables individuals to explore trading before investing their funds. By creating a Saxo Capital Markets practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Saxo Capital Markets demo account can help individuals to make informed decisions before investing their money.

Open a demo Saxo Capital Markets account to practice and trade.

Losses can exceed deposits

Saxo Capital Markets withdrawal and funding methods

It's essential to remember that the payment methods provided by Saxo Capital Markets vary based on the Saxo Capital Markets entity and the Saxo Capital Markets client's country of residence. To view the Saxo Capital Markets payment options available, you can log into your Saxo Capital Markets member's area.

Saxo Capital Markets offers various funding payment methods listed in your Saxo Capital Markets dashboard if available in your region. To learn more about the Saxo Capital Markets funding and withdrawal options available in your area, you can explore the Saxo Capital Markets website.

Saxo Capital Markets provides several payment methods for funding your Saxo Capital Markets account. You may utilize any of these deposit options if they are available in your region. Saxo Capital Markets ensures that users have multiple payment methods to choose from, making it more convenient for verified Saxo Capital Markets account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Saxo Capital Markets user's location. learn more about Saxo Capital Markets funding and withdrawal methods.

Saxo Capital Markets Payment Methods

Some Saxo Capital Markets payment methods are local and are available only to specific regions. Saxo Capital Markets account holders should check which payment methods are provided in your region.

• Saxo Capital Markets accepts Credit Cards
• Saxo Capital Markets accepts VISA
• Saxo Capital Markets accepts MasterCard
• Saxo Capital Markets accepts Maestro
• Saxo Capital Markets accepts Bank Transfer
• Saxo Capital Markets accepts Debit Cards

How can I start trading with Saxo Capital Markets?

To open a trading account with Saxo Capital Markets, individuals can sign up on the Saxo Capital Markets website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Saxo Capital Markets account validation and making a deposit. Once completed, Saxo Capital Markets users can download the trading platform of their choice.

It's important to note that Saxo Capital Markets requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Saxo Capital Markets maintain a trustworthy financial environment for its 1,200,000 users. Detailed information on the Saxo Capital Markets trading platforms is available on their website.

Losses can exceed deposits

Performing trades with Saxo Capital Markets

When using Saxo Capital Markets, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. The maximum trade requirements on eToro can vary depending on the specific trader and instrument being traded. With STP execution on the Saxo Capital Markets platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

Like other brokers, Saxo Capital Markets margin requirements can differ depending on the traded instrument.

Saxo Capital Markets offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about Saxo Capital Markets, and see all of the Saxo Capital Markets account features on the official Saxo Capital Markets website.

CFD Trading on Saxo Capital Markets

We will show you an example of the basics of using Saxo Capital Markets leverage.

CFD trading on Saxo Capital Markets allows traders to speculate on the price movements of various financial instruments against the broker Saxo Capital Markets, without actually owning real assets. With CFDs, Saxo Capital Markets traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Saxo Capital Markets provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Saxo Capital Markets leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Saxo Capital Markets trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Saxo Capital Markets leverage magnifies both profits and losses in trading.

Trading CFD trades on the Saxo Capital Markets platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Saxo Capital Markets traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Losses can exceed deposits

Limiting Your Risk When Trading with Saxo Capital Markets Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like Saxo Capital Markets. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a Saxo Capital Markets trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, Saxo Capital Markets trading losses are always limited to the current balance of funds in the trader's account.

Even if an Saxo Capital Markets trader experiences a significant loss, they will never owe more money than what is available in their Saxo Capital Markets account balance.

It's important for Saxo Capital Markets traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that Saxo Capital Markets losses are limited to the funds available in your Saxo Capital Markets account when negative balance protection is in place.

Limit Risk When Trading with Saxo Capital Markets Stop Loss, Saxo Capital Markets Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as Saxo Capital Markets . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for Saxo Capital Markets traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an Saxo Capital Markets trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide Saxo Capital Markets traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with Saxo Capital Markets, you must actively monitor your live trading portfolio and financial exposure on Saxo Capital Markets.

Education Resources at Saxo Capital Markets

Saxo Capital Markets offer educational resources which include Podcasts, Webinars, Videos. Please bear in mind that these resources provided by Saxo Capital Markets do not guarantee any results when trading. When we checked on the Saxo Capital Markets website, these educational resources were not available in every language. Also some financial instruments mentioned in any Saxo Capital Markets educational resources may not be available in your region.

To trade effectively with Saxo Capital Markets, it's important to have a good understanding of the Saxo Capital Markets trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Saxo Capital Markets and externally.

Saxo Capital Markets . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Saxo Capital Markets. Familiarizing yourself with the Saxo Capital Markets trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Saxo Capital Markets. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Saxo Capital Markets involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Saxo Capital Markets, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Saxo Capital Markets. Explore the Saxo Capital Markets platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Saxo Capital Markets, before live trading.

Customer Support at Saxo Capital Markets

As part of our Saxo Capital Markets review, we review customer service options, response times and problem resolution effectiveness on the Saxo Capital Markets trading platform. The Saxo Capital Markets trading platform supports multiple languages, which includes Arabic, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hungarian, Italian, Norwegian, Polish, Romanian, Russian, Slovenian, and Spanish.

Saxo Capital Markets Available Support Types

Saxo Capital Markets have a double AA grade support rating because Saxo Capital Markets offer live chat and email support in multiple languages.

Livechat Support at Saxo Capital Markets

Saxo Capital Markets does not offer LiveChat Support.

Email Support at Saxo Capital Markets

Our experience with Saxo Capital Markets email support was positive. We sent 25 emails at different times and received responses within an average of 2 hours. The fastest response was less than 15 minutes, while the slowest was 7 hours. Although response times may vary, we found their team to be helpful and knowledgeable in resolving our queries.

Phone Support at Saxo Capital Markets

Saxo Capital Markets does not offer Phone Support.

See how Saxo Capital Markets Support Compares Against Other Brokers

What you will need to open an account with Saxo Capital Markets

As Saxo Capital Markets is regulated by Financial Conduct Authority (FCA) (551422), FSA (Danish Financial Supervisory Authority) (1149), Australian Securities and Investments Commission (ASIC) (126373), Monetary Authority of Singapore (MAS) (DU231), Financial Services Agency of Japan (FSA Japan) (8010401052447), Swiss Financial Market Supervisory Authority (FINMA) (55037), Dubai Financial Services Authority (DFSA) (F003311), Hong Kong Securities and Futures Commission (SFC) (AYZ045), Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) (170025), South African Financial Sector Conduct Authority (FSCA) (43906) .

As a new client of Saxo Capital Markets, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Saxo Capital Markets in your region. During the Saxo Capital Markets account opening process, you will be asked to provide Saxo Capital Markets with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Saxo Capital Markets have the following documents available.

• Saxo Capital Markets require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for Saxo Capital Markets compliance. This must be dated within the last six months.
• If you plan to fund your Saxo Capital Markets account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Saxo Capital Markets platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Saxo Capital Markets Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Saxo Capital Markets's platform.

However, remember that you won't be able to make trades on Saxo Capital Markets until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Saxo Capital Markets KYC compliance process as soon as possible to avoid any delays in accessing the Saxo Capital Markets platform's features.

It is important to note that Saxo Capital Markets may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Saxo Capital Markets platform and features immediately. However, you must pass the verification process to start live trading with Saxo Capital Markets, which can take up to a few business days.

To start the process of opening an account with Saxo Capital Markets you can visit the Saxo Capital Markets trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.home.saxo/ on November 18, 2024.

Watch this Saxo Capital Markets Explainer Video

Saxo Capital Markets review written by Andrew Blumer and Mark Hansen