Saxo Capital Markets Rated 3/5

Saxo Capital Markets Guide - Read our In Depth 2021 Saxo Capital Markets Review

This Saxo Capital Markets review was written by industry experts with over 20 years of financial experience in Forex, CFDs.
The content in this Saxo Capital Markets review does not apply to US users.

Benefits of Trading with Saxo Capital Markets

Saxo Capital Markets Review 2021 Quick Summary
💰 Min Deposit 6500
👱‍♂️ Used By 10,000 Saxo Capital Markets users and traders
📆 Founded 2012
🌍 HQ Denmark
👮‍♂️ Regulation Financial Conduct Authority (FCA)
🚫 Excluded Countries Saxo Capital Markets is not available in the following countries : GB, KR, IR, IQ, SY, JP, US

Open Saxo Capital Markets's Website

Losses can exceed deposits

learn more Learn more about eToro. 67% of retail investor accounts lose money when trading CFDs with this provider.

What is Saxo Capital Markets?

Saxo Capital Markets are a global online financial trading platform and multi asset broker founded in 2012

Over 9 years later Saxo Capital Markets has grown to offering retail investors Forex trading, and CFDs trading.

Saxo Capital Markets are a global broker. Saxo Capital Markets have a head office in Denmark.

Saxo Capital Markets have a listed stock symbol. This means that Saxo Capital Markets have publically listed and you can officially buy shares in Saxo Capital Markets on one of the worlds global stock market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this Saxo Capital Markets review and assess how well the Saxo Capital Markets platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Saxo Capital Markets can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Saxo Capital Markets we breakdown the pros and cons. What Saxo Capital Markets are able to offer, what countries Saxo Capital Markets are available in. Who Saxo Capital Markets are regulated by and more.

Saxo Capital Markets Review Screenshot

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Saxo Capital Markets review useful.

This review of the Saxo Capital Markets platform is very detailed. If you are interested in trading with Saxo Capital Markets in any capacity please take the time to read and research the whole Saxo Capital Markets review.

We have tried to explain the ins and outs of financial trading through the Saxo Capital Markets platform as plainly as possible so that you the trader are as informed as possible before you start to use the Saxo Capital Markets trading tools and depositing and withdrawing funds from Saxo Capital Markets.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Saxo Capital Markets like Forex trading, and CFDs trading. you should have confidence in Saxo Capital Markets and know that the management of your financial investments on the Saxo Capital Markets platform are in good hands.

At the bottom of this Saxo Capital Markets review you can also learn about some pretty good alternatives to Saxo Capital Markets

With this Saxo Capital Markets review we hope to help you see if Saxo Capital Markets is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Saxo Capital Markets that will help you get off to a good start in the world of online trading.

Saxo Capital Markets Review Table of Contents

Saxo Capital Markets review
Saxo Capital Markets is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about Saxo Capital Markets. Saxo Capital Markets is a multi asset platform with 100+ tradable Assets. Assets available on Saxo Capital Markets include Forex, CFDs.

Saxo Capital Markets trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, CFDs are considered financial assets.

Features of Saxo Capital Markets

Saxo Capital Markets review
What you should know

Saxo Capital Markets offer two ways to trade: Forex, CFDs.

With Saxo Capital Markets you will need a minimum deposit of $6500. You can sign up for a demo account to acquaint yourself with Saxo Capital Markets platform.

Saxo Capital Markets are able to accommodate various levels of traders whether you are experienced or a beginner.

Are Saxo Capital Markets safe?

When choosing a broker like Saxo Capital Markets the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2012, and in operation for 9 years Saxo Capital Markets have a head office in Denmark.

Saxo Capital Markets is regulated. This means Saxo Capital Markets are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Saxo Capital Markets, this will be honored. If Saxo Capital Markets violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with Saxo Capital Markets?

Any payments funded to Saxo Capital Markets accounts by traders are held in a segregated bank account.

For added security Saxo Capital Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should Saxo Capital Markets use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in Saxo Capital Markets deposited in a Tier 1 bank?

Having any money you deposit with Saxo Capital Markets means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Saxo Capital Markets goes out of business for some reason.

Therefore, we can safely conclude that Saxo Capital Markets is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, CFDs is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Saxo Capital Markets also clearly state on their platform that Losses can exceed deposits.

Now that we have answered some important questions regrding Saxo Capital Markets. let us look at the Saxo Capital Markets features in more detail.

Try creating two accounts when you are working with Saxo Capital Markets. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Saxo Capital Markets

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Saxo Capital Markets as a Company Compare Against Other Brokers

Broker Saxo Markets eToro IC Markets XTB
Year Established 2012 2007 2007 2002
Head Office Denmark Cyprus, UK Australia Poland
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ Saxo Capital Markets users 20,000,000+ eToro users 180,000+ IC Markets users 250,000+ XTB users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit Saxo Capital Markets Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Saxo Capital Markets review
Saxo Capital Markets Pros and Cons

What we like about Saxo Capital Markets

  • Used by over 10,000 Saxo Capital Markets users and traders
  • Established in 2012
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $6500

What we don't like about Saxo Capital Markets

Saxo Capital Markets review
Saxo Capital Markets Regulation and Licensing in more detail

We have checked and Saxo Capital Markets is regulated and supervised by reputable organisations. You are able to check every Saxo Capital Markets supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Saxo Capital Markets. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Saxo Capital Markets traders and provide a safe trading environment. Financial regulation and license approval is essential.

Saxo Capital Markets is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Saxo Capital Markets you should be sure they're legitimate online agent.

Is Saxo Capital Markets Global?

Yes, Saxo Capital Markets is global as Saxo Capital Markets is available in over 194 countries.

Saxo Capital Markets is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Saxo Capital Markets covers include the UK, Germany, Australia, South Africa, Thailand, and China. Saxo Capital Markets has a total of more than 10,000 users.

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.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How Saxo Capital Markets Fees Compare Against Other Brokers

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

Saxo Capital Markets Minimum Deposit

Saxo Capital Markets require a minimum desposit of 6500 GBP/USD when opening an Saxo Capital Markets trading account.

A minimum deposit is the minimum amount of money required by Saxo Capital Markets to open a new online brokerage account with them.

Dont be scared off by brokers like Saxo Capital Markets charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Saxo Capital Markets Withdrawal Fees

Saxo Capital Markets doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

Saxo Capital Markets for example allow you to withdraw your funds to Credit cards, Bank Transfer, Debit cards, Payoneer.

Saxo Capital Markets Inactivity Fees

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

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Saxo Capital Markets Desposit Fees

Saxo Capital Markets does not charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Saxo Capital Markets Commission Fees

Saxo Capital Markets does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Saxo Capital Markets review
What can you trade with Saxo Capital Markets?

Be aware that Different entities under Saxo Capital Markets Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Saxo Capital Markets over 100 instruments infact.

If you are looking for Forex brokers to trade currency pairs on global Forex markets Saxo Capital Markets offer over 200 currency pairs.

Compare Saxo Capital Markets with eToro and IC Markets below.

Losses can exceed deposits

How Saxo Capital Markets Trading Options Compare Against Other Brokers

Broker Saxo Markets eToro IC Markets XTB
Instruments Available 100 2000 232 4000
Platforms Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 200 50 65 57
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes Yes Yes
Commodity CFDs        
Commodities Offered 70 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 19000 2042 110 1696
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Saxo Capital Markets
Losses can exceed deposits
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Saxo Capital Markets review
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.

See Saxo Capital Markets's platforms

Is the Saxo Capital Markets Trading Platform Secure?

Saxo Capital Markets safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Saxo Capital Markets also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Saxo Capital Markets.

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 offer an their own custom trading platform developed and tested in house. The Saxo Capital Markets trading platform allows traders to track their portfolios, track 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 a criteria.

With Saxo Capital Markets you can look for and 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

  • Allows scalping
  • Offers STP

Saxo Capital Markets Trading Accounts Offered

Below we give an overview on 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.

  • 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

Losses can exceed deposits

Saxo Capital Markets withdrawal and funding methods

Please note that the list of Saxo Capital Markets payment methods below depend on the Saxo Capital Markets Entity and the Clients Country of Residence.

All available Saxo Capital Markets payment methods available to you can be found in your Saxo Capital Markets members area checked on the Saxo Capital Markets website.

Saxo Capital Markets offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about Saxo Capital Markets

Saxo Capital Markets Payment Methods

  • Saxo Capital Markets accepts Credit cards
  • Saxo Capital Markets accepts Bank Transfer
  • Saxo Capital Markets accepts Debit cards
  • Saxo Capital Markets accepts Payoneer
Broker Saxo Markets eToro IC Markets XTB
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 No Yes
Neteller No Yes Yes Yes

*please note available Saxo Capital Markets and other broker payment methods depend on the clients country of residence.

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. You will need to provide some basic documentation to prove your identity as part of Saxo Capital Markets onboarding and normal KYC identity checks. These checks are standard practice and help Saxo Capital Markets provide a safe financial environment for their 10,000 users.

Losses can exceed deposits

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.

CFD Trading on Saxo Capital Markets

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

Saxo Capital Markets offer CFD which 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 CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

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

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. Make sure you make full use of all education tools. This includes eduction tools with Saxo Capital Markets and externally.

Saxo Capital Markets offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing 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

As part of our Saxo Capital Markets review we review customer service options, response times and Saxo Capital Markets trading platform problem resolution effectiveness.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 IC Markets XTB
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, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Saxo Capital Markets Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Saxo Capital Markets Brand may be different.

  • 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 3 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 the Saxo Capital Markets trading platform 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 April 20, 2021.

Is Saxo Capital Markets A Good Broker?

We spent over 3 months examining Saxo Capital Markets in depth. Although we found some very useful aspects of the Saxo Capital Markets platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Saxo Capital Markets broker.

  • Saxo Capital Markets have a good track record of offering Forex, CFDs.
  • Saxo Capital Markets has a history of over 9 years.
  • Saxo Capital Markets has a reasonable sized customer support of at least 10.
  • Saxo Capital Markets are regulated by Financial Conduct Authority (FCA). This means Saxo Capital Markets fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Saxo Capital Markets have regulation from a Tier 1 reputable country.
  • Saxo Capital Markets has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Saxo Capital Markets have an international presence in multiple countries. This includes local Saxo Capital Markets seminars and training.
  • Saxo Capital Markets are able to hire people from various locations in the world who can better communicate in your local language.

Saxo Capital Markets Risk Disclosure

Losses can exceed deposits

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

Saxo Capital Markets not quite right?

If after reading this Saxo Capital Markets review, Saxo Capital Markets does not fulfill your needs check out these Saxo Capital Markets Alternatives.

Click here to view the best Saxo Capital Markets Alternatives

We have spent years researching the best alternatives to Saxo Capital Markets. Click the links below to learn more.

If you feel some of the above Saxo Capital Markets are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Saxo Capital Markets alternatives below.

Related Saxo Capital Markets Vs Comparisons

We have covered allot in this Saxo Capital Markets review, If you want to see how Saxo Capital Markets compares side by side with other brokers check out our Saxo Capital Markets Vs pages.

If you would like to see how Saxo Capital Markets stands up against other brokers you can read some of our Saxo Capital Markets comparisons below. We compare side by side some of our top rated Saxo Capital Markets versus comparisons. Read our indepth Saxo Capital Markets VS pages below.

Saxo Capital Markets review
SAXO CAPITAL MARKETS Frequently Asked Questions

Read our detailed Saxo Capital Markets FAQ Section updated for 2021.

Can I try Saxo Capital Markets before I buy?

Saxo Capital Markets offer a demo account so you can try the Saxo Capital Markets platform with virtual trading before you put down a payment. Virtual trading with Saxo Capital Markets is zero risk. Learn more here

What funding methods do Saxo Capital Markets accept?

Please note that the list of payment methods below depend on the Saxo Capital Markets Entity and the Clients Country of Residence.

Saxo Capital Markets offer the following funding payment methods Credit cards, Bank Transfer, Debit cards, Payoneer, among other payment methods.
Learn more here

Losses can exceed deposits

Is Saxo Capital Markets safe?

Saxo Capital Markets are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to Saxo Capital Markets accounts by traders are held in a segregated bank account. For added security Saxo Capital Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Losses can exceed deposits

Is Saxo Capital Markets trading good?

Saxo Capital Markets is considered good and reputable to trade with Saxo Capital Markets. Saxo Capital Markets is used by over 10,000 active traders and Saxo Capital Markets users. Saxo Capital Markets offers Forex trading, and CFDs trading. Minimum deposit with Saxo Capital Markets is 6500.

Is Saxo Capital Markets trading Legit?

Saxo Capital Markets was founded in Denmark in 2012. Saxo Capital Markets has been facilitating trade on the financial markets for over 9 years. Saxo Capital Markets offers clients Forex trading, and CFDs trading. All funds deposited to Saxo Capital Markets are held in segregated tier 1 bank accounts for security. Saxo Capital Markets is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is Saxo Capital Markets a good broker?

Saxo Capital Markets is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker. Saxo Capital Markets allows Forex trading, and CFDs trading.

Is Saxo Capital Markets trustworthy broker?

Saxo Capital Markets can be considered trustworthy. All money funded to Saxo Capital Markets is placed into a segregated tier 1 bank account. this means your money in not held by Saxo Capital Markets directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Saxo Capital Markets is regulated by Financial Conduct Authority (FCA).

What is the minimum deposit for Saxo Capital Markets?

The minimum deposit to trade with Saxo Capital Markets is 6500.

How long do Saxo Capital Markets withdrawals take?

Withdrawing money from Saxo Capital Markets processing time varies but averages 2-5 days.

Is Saxo Capital Markets regulated?

Saxo Capital Markets is regulated by Financial Conduct Authority (FCA). Regulatory bodies conduct regular reviews and audits as part of Saxo Capital Markets maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Saxo Capital Markets a market maker?

Saxo Capital Markets is a market maker. Stocks, currency and other commodities and instruments will be purchased by Saxo Capital Markets even if no buyer is lined up.

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.

Is my money safe with Saxo Capital Markets?

Saxo Capital Markets is regulated by Financial Conduct Authority (FCA). One of the most important criteria for traders when choosing a broker like Saxo Capital Markets is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Saxo Capital Markets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Saxo Capital Markets a con?

Saxo Capital Markets is regulated and well established having been in business for over 9 years. Saxo Capital Markets is definitely not a con.

Can you make money with Saxo Capital Markets?

Although traders have had great success with Saxo Capital Markets. Trading on the financial markets with Saxo Capital Markets is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Saxo Capital Markets have 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.

When was Saxo Capital Markets founded?

Saxo Capital Markets was founded in 2012.

How many people use Saxo Capital Markets?

Saxo Capital Markets is used by over 10,000 registered Saxo Capital Markets users.

What is Saxo Capital Markets Headquarters country?

Saxo Capital Markets has its head quarters office in Denmark.

Does Saxo Capital Markets offer negative balance protection?

Saxo Capital Markets does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Saxo Capital Markets offer guaranteed stop loss?

Saxo Capital Markets does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Saxo Capital Markets allow scalping?

Saxo Capital Markets offers scalping.

Does Saxo Capital Markets allow hedging?

Saxo Capital Markets does not offer hedging.

Does Saxo Capital Markets offer CFD trading?

Saxo Capital Markets offers CFD trading.

Does Saxo Capital Markets offer STP?

Saxo Capital Markets offers STP trading.

How many people use Saxo Capital Markets?

Saxo Capital Markets is used by over 10000 Saxo Capital Markets users and traders.

Is Saxo Capital Markets an ECN broker?

Saxo Capital Markets offers ECN trading.

Does Saxo Capital Markets offer a demo account?

Saxo Capital Markets offers a demo account.

Does Saxo Capital Markets offer an Islamic account?

Saxo Capital Markets does not offer Islamic accounts.

What are the funding methods for Saxo Capital Markets?

Please note that funding methods and funding options available with Saxo Capital Markets can be found in the Saxo Capital Markets Members area and depend on the Saxo Capital Markets client’s country of residence. Please check your specific available payment methods on the Saxo Capital Markets website. Saxo Capital Markets accept the following funding methods : Credit cards, Bank Transfer, Debit cards, Payoneer.

Saxo Capital Markets review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Saxo Capital Markets brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Saxo Capital Markets review written by Mark Hansen of Comparebrokers.co