Saxo Capital Markets Rated 3/5

Saxo Capital Markets Guide - Read our In Depth 2023 Saxo Capital Markets Review

This detailed Saxo Capital Markets review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex, CFDs.
*This content does not apply to US users.

Learn more about Saxo Capital Markets.

Benefits of Trading with Saxo Capital Markets

Saxo Capital Markets Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 6500
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 Saxo Capital Markets users and traders
๐Ÿ“† Founded 2012
๐ŸŒ HQ Denmark
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Financial Conduct Authority (FCA)
๐Ÿšซ 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 about IC Markets.
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Losses can exceed deposits

What is Saxo Capital Markets?

Saxo Capital Markets are a worldwide financial trading platform and broker. founded in 2012

Over 11 years later Saxo Capital Markets now serves over 10,000 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/sell shares in Saxo Capital Markets on one of the worlds global stock market exchanges.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

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 multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Saxo Capital Markets. Choosing or shortlisting a trading platform like Saxo Capital Markets can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like Saxo Capital Markets.

As a result, selecting the right trading platform like Saxo Capital Markets requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Saxo Capital Markets available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like Saxo Capital Markets requires thorough due diligence and careful consideration. Some Saxo Capital Markets trading features can be complex when trading on mobile or using the Saxo Capital Markets online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Saxo Capital Markets trading tools properly. In our review of Saxo Capital Markets we explain the pros and cons. What Saxo Capital Markets offer, countries Saxo Capital Markets are available in. Who Saxo Capital Markets are regulated by and more.

Saxo Capital Markets Review Screenshot

When it comes to online trading with brokers like Saxo Capital Markets, carefully review Saxo Capital Markets as your broker can make or break your success. Choosing the right broker is essential to ensure your Saxo Capital Markets investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your Saxo Capital Markets review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of Saxo Capital Markets. You must also ensure the Saxo Capital Markets broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, Saxo Capital Markets needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with Saxo Capital Markets into easily digestible information in this Saxo Capital Markets review. We want to ensure you have all the knowledge necessary to use the Saxo Capital Markets trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with Saxo Capital Markets are the key to successful trading, so we've provided this detailed Saxo Capital Markets review. So, take a seat, grab a cup of coffee, and dive in to learn about Saxo Capital Markets and how it can benefit you or if Saxo Capital Markets is not for you.

Online investing with Saxo Capital Markets can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with Saxo Capital Markets, evaluating the Saxo Capital Markets platform is important. Evaluation includes researching the Saxo Capital Markets management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with Saxo Capital Markets. That's why it's essential to understand the Saxo Capital Markets company policies and practices before making any investment decisions. By doing your due diligence and understanding Saxo Capital Markets platform, you can make informed investment choices that align with your financial goals. So take the time to research Saxo Capital Markets thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this Saxo Capital Markets review you need to determine if Saxo Capital Markets is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to Saxo Capital Markets, so you can make a more informed decision and compare other brokers against Saxo Capital Markets.

If you want to look at some Saxo Capital Markets alternatives that might better fit your needs, we list and compare some of the best Saxo Capital Markets alternatives further down this Saxo Capital Markets review.

Don't be fooled by the misconception that online trading is easy with Saxo Capital Markets. It can be challenging and requires significant research and understanding of the Saxo Capital Markets trading tools and features. You must know what you are doing when trading with Saxo Capital Markets. That's why we've compiled this detailed Saxo Capital Markets review with some important information that will hopefully make you more informed when online trading with Saxo Capital Markets.

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. A financial asset is any security or asset that has financial value attached, tangible or intangible. 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. The assets and products available to you on the Saxo Capital Markets trading platform depends on the region of the world, you are in and the Saxo Capital Markets entity you have an account.

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 considering Saxo Capital Markets for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Saxo Capital Markets, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2012, and in operation for 11 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.

Saxo Capital Markets withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Saxo Capital Markets are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Saxo Capital Markets are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Saxo Capital Markets and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Saxo Capital Markets has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, Saxo Capital Markets will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Saxo Capital Markets, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. 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?

All payments made to Saxo Capital Markets by traders are securely held in a segregated bank account.

Saxo Capital Markets uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

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

Saxo Capital Markets partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Saxo Capital Markets clients' funds.

Saxo Capital Markets clients can have greater confidence in their financial security when working with a Tier 1 bank because Saxo Capital Markets are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

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

Depositing funds with Saxo Capital Markets ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Saxo Capital Markets were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that Saxo Capital Markets is a secure and safe platform.

Please be aware that trading in financial assets with Saxo Capital Markets carries a risk of loss. Saxo Capital Markets trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Saxo Capital Markets emphasizes this risk on its platform and provides clear risk warnings - Losses can exceed deposits. After answering some important questions about Saxo Capital Markets, let's closely examine its features.

To better understand the Saxo Capital Markets trading platform, you can create two separate accounts - one with real money and the other a Saxo Capital Markets demo account. A Saxo Capital Markets demo account provides a risk-free environment for experimenting with the Saxo Capital Markets platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Saxo Capital Markets trading decisions.

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 IC Markets Roboforex eToro
Year Established 2012 2007 2009 2007
Head Office Denmark Australia Belize Cyprus, UK
Regulation Financial Conduct Authority (FCA) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ Saxo Capital Markets users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit Saxo Capital Markets Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

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

Saxo Capital Markets is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Saxo Capital Markets going into insolvency. Saxo Capital Markets compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Saxo Capital Markets to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Saxo Capital Markets traders.

Saxo Capital Markets is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like 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 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Saxo Capital Markets covers include the UK, Germany, South Africa, Thailand, China and Australia. 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.

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

Broker Saxo Markets IC Markets Roboforex eToro
Min Deposit 6500 200 10 50
Withdrawal Fees No No Yes Yes
Inactivity Fees No No No Yes
Deposit Fees No Varies No No
CFD Commission Fees Yes Yes No Yes

Saxo Capital Markets Minimum Deposit

Saxo Capital Markets requires a minimum deposit of 6500 GBP/USD/EUR 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.

Don't be scared off by brokers like Saxo Capital Markets charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

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, Bank Transfer, Debit cards, Payoneer.

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
What can you trade with Saxo Capital Markets?

It's essential to note that the trading instruments offered under the Saxo Capital Markets brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Saxo Capital Markets trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

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

If you want to trade currency pairs on global Forex markets, Saxo Capital Markets offer over 200 currency pairs.

Saxo Capital Markets Compared To Other Brokers

Compare Saxo Capital Markets with IC Markets and Roboforex below.

Losses can exceed deposits

How Saxo Capital Markets Trading Options Compare Against Other Brokers

Broker Saxo Markets IC Markets Roboforex eToro
Instruments Available 100 2250 100 5000
Platforms Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 200 61 35 50
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 No Yes
Commodity CFDs        
Commodities Offered 70 20 21 31
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 19000 2100 0 2042
UK Shares Yes Yes Yes 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 IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
74% of retail investor accounts lose money when trading CFDs with this provider.

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

Saxo Capital Markets provides traders with a user-friendly 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 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 ECN 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 Bank Transfer
  • Saxo Capital Markets accepts Debit cards
  • Saxo Capital Markets accepts Payoneer
Broker Saxo Markets IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer Yes No Yes No
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?

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 10,000 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 the ECN and STP execution methods offered by the platform, traders using Saxo Capital Markets can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

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

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

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.

Education Resources at Saxo Capital Markets

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

Broker Saxo Markets IC Markets Roboforex eToro
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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit Saxo Capital Markets Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

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

As Saxo Capital Markets is regulated by Financial Conduct Authority (FCA).

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 September 19, 2023.

Is Saxo Capital Markets A Good Broker?

We have spent over 5 years 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. We feel that a alternative to Saxo Capital Markets may better suit you.

  • Saxo Capital Markets have a good track record of offering Forex, CFDs.
  • Saxo Capital Markets has a history of over 11 years.
  • Saxo Capital Markets has a reasonable sized customer support of at least 10.
  • Saxo Capital Markets are regulated by the Financial Conduct Authority (FCA). Saxo Capital Markets is subject to strict regulatory oversight from its respective jurisdiction, which holds Saxo Capital Markets (the broker) accountable for misconduct. This regulatory framework helps ensure that Saxo Capital Markets operates fairly and transparently and provides Saxo Capital Markets customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Saxo Capital Markets.
  • Saxo Capital Markets have regulation from reputable regulators.
  • One of the advantages of using Saxo Capital Markets is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Saxo Capital Markets are particularly important as Saxo Capital Markets traders want to receive their money quickly. With the efficient Saxo Capital Markets payment processing system, traders can enjoy faster access to their Saxo Capital Markets funds.
  • Saxo Capital Markets have an international presence in multiple countries. Including local Saxo Capital Markets seminars and training.
  • Saxo Capital Markets can 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 such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

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.

After extensive research over several years, we have compiled a list of the most effective Saxo Capital Markets alternatives available today. If you are unsatisfied with Saxo Capital Markets or want to explore other options, we recommend checking out our carefully curated list of highly-rated Saxo Capital Markets alternatives. Follow the links below to learn more about these Saxo Capital Markets broker alternatives and choose the one that best suits your trading needs.

Related Saxo Capital Markets Vs Comparisons

Throughout our comprehensive Saxo Capital Markets review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing Saxo Capital Markets against other popular brokers in the industry, check out our Saxo Capital Markets Vs pages. Our team has compiled a series of detailed Saxo Capital Markets comparison articles, pitting the Saxo Capital Markets platform against some of the best-rated Saxo Capital Markets competitors in the market. Dive into our informative Saxo Capital Markets Vs pages below to find out how Saxo Capital Markets stacks up against other leading brokers.

Saxo Capital Markets review
SAXO CAPITAL MARKETS Frequently Asked Questions

Read our detailed Saxo Capital Markets FAQ Section updated for 2023.

Can I try Saxo Capital Markets?

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 depends on the Saxo Capital Markets Entity and the client's 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 have over 10,000 users. Saxo Capital Markets are considered reliable 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 bank's financial health and strength.Trading with Saxo Capital Markets is risky, and because the market is so volatile, losses could happen at any time.

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 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 11 years. Saxo Capital Markets offers clients Forex trading, and CFDs trading. All funds deposited to Saxo Capital Markets are held in segregated 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 allows Forex trading, and CFDs trading. Saxo Capital Markets is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker.

Is Saxo Capital Markets trustworthy broker?

Saxo Capital Markets is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Saxo Capital Markets, money is in a segregated bank account that is separate from Saxo Capital Markets company's funds. As a regulated broker, Saxo Capital Markets cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Saxo Capital Markets. Instead, your Saxo Capital Markets funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Saxo Capital Markets. Also Saxo Capital Markets is regulated in its local jurisdictions including major financial regulators like 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 depending on the method but averages 1-5 days.

Is Saxo Capital Markets regulated?

Saxo Capital Markets is regulated by the 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 brought or sold by Saxo Capital Markets even if no buyer or seller 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. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Saxo Capital Markets trading platforms, you can follow the link provided below: Learn more about signing up with the Saxo Capital Markets trading platform here. This will provide useful information and insights into the various trading platforms offered by Saxo Capital Markets, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with Saxo Capital Markets?

Yes your money is safe with Saxo Capital Markets.

Overall, strict financial regulation is essential for ensuring that trading platforms like Saxo Capital Markets operate fairly, transparently, and responsibly, which ultimately benefits all Saxo Capital Markets stakeholders involved.

Trading platforms like Saxo Capital Markets must have strict financial regulation for several reasons:

  • Protecting Saxo Capital Markets Investors: Strict financial regulation ensures that investors who use the Saxo Capital Markets trading platform are protected against fraudulent or unethical behavior by the Saxo Capital Markets platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Saxo Capital Markets platform.
  • Maintaining Saxo Capital Markets Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Saxo Capital Markets trading platform. Regulatory procedures reduce the likelihood of the Saxo Capital Markets platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing Saxo Capital Markets Transparency: Regulations require trading platforms like Saxo Capital Markets to maintain detailed records and disclose Saxo Capital Markets client information. Financial regulatory requirements enhances transparency and helps to build trust between the Saxo Capital Markets platform and its investors.

Saxo Capital Markets is regulated by the Financial Conduct Authority (FCA). When selecting a broker such as Saxo Capital Markets, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Saxo Capital Markets ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Saxo Capital Markets.

Is Saxo Capital Markets a con?

Saxo Capital Markets is regulated and well established, having been in business for over 11 years. Saxo Capital Markets is 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, 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 guaranteed 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 options available with Saxo Capital Markets can be found in the Saxo Capital Markets Members area and depend on the Saxo Capital Markets clientโ€™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 editors, 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 of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, 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