Saxo Capital Markets Review 2020

Saxo Capital Markets Rated 3/5
learn more Learn more about eToro. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Saxo Capital Markets Guide

Saxo Capital Markets are an online broker founded in 2012 offering Forex trading, and CFDs trading.

Saxo Capital Markets are a global broker and 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 market exchanges.

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

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Saxo Capital Markets we break down 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.

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.

Benefits of trading with Saxo Capital Markets

  • Regulated by: Financial Conduct Authority (FCA)
  • Headquarters Country : Denmark
  • Foundation year 2012
  • Min Deposit : 6500
  • Used by over 10,000 traders
  • 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

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

With this 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 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 8 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.

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.

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.

Broker Saxo Markets eToro XTB IC Markets
Year Established 2012 2006 2002 2007
Head Office Denmark Cyprus, UK Poland Australia
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), 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 Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 12,000,000+ 250,000+ 60,000+
Negative balance protection No No Yes Yes
Guaranteed Stop Loss No No Yes No
Learn More Visit Saxo Capital Markets Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

Saxo Capital Markets Pros and Cons

What we like about Saxo Capital Markets

  • Used by over 10,000 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 Financial Regulation and Supervision 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 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.

Saxo Capital Markets is 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.

Saxo Capital Markets General Fees

  • Saxo Capital Markets doesn't charge withdrawal fees
  • Saxo Capital Markets doesn't charge inactivity fees
  • Saxo Capital Markets doesn't charge deposit fees
Broker Saxo Markets eToro XTB IC Markets
Min Deposit 6500 200 0 200
Withdrawl Fees No Yes varies No
Inactivity Fees No Yes No No
Deposit Fees No No No Varies
CFD Commission Fees Yes No Yes Yes

Saxo Capital Markets Commissions

  • Saxo Capital Markets does charge commission on CFD instruments.

What can you trade with Saxo Capital Markets?

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

If you are looking at trading currency pairs Saxo Capital Markets offer over 200 currency pairs.

Compare Saxo Capital Markets with eToro and XTB below.

Losses can exceed deposits

Broker Saxo Markets eToro XTB IC Markets
Instruments Available 100 100 1,500 232
Platforms Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies Visit Saxo Capital Markets Visit eToro Visit XTB Visit IC Markets
Forex pairs offered 200 50 50 65
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Saxo Capital Markets Visit eToro Visit XTB Visit IC Markets
Commodities Offered 70 0 21 19
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit Saxo Capital Markets Visit eToro Visit XTB Visit IC Markets
Stocks Offered 19000 957 1696 100
UK Shares Yes Yes Yes No
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares No Yes Yes Yes

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 Markets's platforms

Saxo Capital Markets Trading benefits :

  • Allows scalping
  • Offers STP

Saxo Capital Markets Trading Accounts Offered :

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

Can I try Saxo Capital Markets before I buy?

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

Saxo Capital Markets withdrawl and funding methods.

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

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

How can I start trading with Saxo Capital Markets?

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

Performing trades with Saxo Capital Markets

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

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

Saxo Capital Markets Leverage and Saxo Capital Markets CFDs Explained

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Education resources at Saxo Capital Markets

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

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

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

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

Customer Support at Saxo Capital Markets

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

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

Livechat Support at Saxo Capital Markets

Saxo Capital Markets does not offer LiveChat Support.

Email Support at Saxo Capital Markets

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

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

Phone Support at Saxo Capital Markets

Saxo Capital Markets does not offer Phone Support.

See how Saxo Capital Markets Support Compares Against Other Brokers

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

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

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

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

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

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

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

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.home.saxo/ on 12th August 2018.

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 8 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 Disclaimer

Losses can exceed deposits

Saxo Capital Markets not quite right?

Check out these 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 Comparisons

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 some indepth Saxo Capital Markets VS pages below.

SAXO CAPITAL MARKETS Frequently Asked Questions

Can I try Saxo Capital Markets before I buy?

Saxo Capital Markets offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Saxo Capital Markets accept?

Saxo Capital Markets offer the following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Wire Transfer, 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.

Is Saxo Capital Markets trading good?

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

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 8 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).

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 8 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 10000 registered traders.

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 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?

Saxo Capital Markets accept the following funding methods : Credit cards, Payoneer, Bank Transfer.

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