Saxo Capital Markets Review 2020

Saxo Capital Markets General Fees

• Saxo Capital Markets doesn't charge withdrawal fees
• Saxo Capital Markets doesn't charge inactivity fees
• Saxo Capital Markets doesn't charge deposit fees

Broker	Saxo Markets	eToro	XTB	IC Markets
Min Deposit	6500	200	0	200
Withdrawl Fees	No	Yes	varies	No
Inactivity Fees	No	Yes	No	No
Deposit Fees	No	No	No	Varies
CFD Commission Fees	Yes	No	Yes	Yes

Saxo Capital Markets Commissions

• Saxo Capital Markets does charge commission on CFD instruments.

Trading on Saxo Capital Markets web platforms and other applications

Saxo Capital Markets offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

An 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, making it easier to keep an eye on and execute your trades while you’re on the move.

Saxo Capital Markets Trading benefits :

• Allows scalping
• Offers STP

Saxo Capital Markets Trading Accounts Offered :

• Demo account
• Mini account
• Standard account
• ECN account
• STP account

Can I try Saxo Capital Markets before I buy?

Saxo Capital Markets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Saxo Capital Markets withdrawl and funding methods.

Saxo Capital Markets offer the below funding payment methods. learn more about Saxo Capital Markets

• Credit cards
• Bank Transfer
• Payoneer

Broker	Saxo Markets	eToro	XTB	IC Markets
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	No	Yes	Yes	Yes
Skrill	No	Yes	Yes	Yes
Payoneer	Yes	Yes	Yes
Neteller	No	Yes	Yes	Yes

How can I start trading with Saxo Capital Markets?

When opening a trading account with Saxo Capital Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Saxo Capital Markets trading platforms here.

Performing trades with Saxo Capital Markets

Saxo Capital Markets allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Saxo Capital Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

Saxo Capital Markets Leverage and Saxo Capital Markets CFDs Explained

let's take a look at some of the basics of using Saxo Capital Markets leverage.

Saxo Capital Markets offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Saxo Capital Markets leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Saxo Capital Markets trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Saxo Capital Markets leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Saxo Capital Markets CFDs are typically used for short to medium term trades. For example Saxo Capital Markets intraday trading.

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

A stop-loss order is an order placed with a broker like Saxo Capital Markets to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at Saxo Capital Markets

To trade effectively with Saxo Capital Markets, it's important to get a have a good understanding of the Saxo Capital Markets trading tools and the markets.

Saxo Capital Markets offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Saxo Capital Markets.

Take time to look around the Saxo Capital Markets platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Saxo Capital Markets

Saxo Capital Markets support a wide range of languages including Arabic, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hungarian, Italian, Norwegian, Polish, Romanian, Russian, Slovenian, and Spanish

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

We sent several emails to Saxo Capital Markets and answer times overall were excellent. The fastest response from Saxo Capital Markets was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with Saxo Capital Markets, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from Saxo Capital Markets.

Phone Support at Saxo Capital Markets

Saxo Capital Markets does not offer Phone Support.

See how Saxo Capital Markets Support Compares Against Other Brokers

Broker	Saxo Markets	eToro	XTB	IC Markets
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	Arabic, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hungarian, Italian, Norwegian, Polish, Romanian, Russian, Slovenian, and Spanish	English, German, Spanish, French, and Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More	Visit Saxo Capital Markets	Visit eToro	Visit XTB	Visit IC Markets
Risk Warning	Losses can exceed deposits	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	Losses can exceed deposits

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

As Saxo Capital Markets is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Saxo Capital Markets's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Saxo Capital Markets you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.home.saxo/ on 12th August 2018.

Saxo Capital Markets review written by Andrew Blumer and Mark Hansen