Saxo Bank Review 2018
Based in Denmark and founded way back in 1992, Saxo Bank is one of the most experienced forex brokers you can find on the market today. Given the fact that they have been a part of the industry for so long, great service and diverse offer should come as no surprise, but we still wanted to check for ourselves what the secret of this company’s success is and then relay our findings to you in this Saxo Bank Review 2018. Our experts have thoroughly examined every single feature on the company’s website, and we will now find out how this broker managed to stay in the business for so long. Stay with us and let’s see what these veterans have to offer.
Saxo Bank Review 2018 | Trading Platform
The first thing we need to discuss in this Saxo Bank Review 2018 is the trading environment that you will get to enjoy on this company’s website. Saxo Bank Trading Platform offers loads of possibilities and we were really impressed with the sheer amount of products you get to access here. There are literally thousands of stocks, bonds and CFDs, as well as hundreds of other options such as futures and FX. Of course, the platform is also available for mobile devices, and you can even try it for free by opening a demo account. We also have to say that the platform, SaxoTrader, runs very smoothly with all prices being updated regularly, so you always have the latest information. Given how many products there are on this platform, this is quite an achievement. All in all, we are very pleased with what we saw here, but we still have a long way to go before this Saxo Bank Review 2018 is over. Keep reading!
Saxo Bank Review 2018 | Accounts
To start trading with this broker, you will obviously need to open your Saxo Bank Account first. There are three well-equipped types of trader accounts to choose from, but a corporate account can also be opened, and the broker will even give you some very useful tips to speed the process up. But to get back to the trader accounts, even the most basic package will give you access to all products and full access to the trading platform and Saxo Academy, so you will have everything you need for a great trading experience right from the start. To open your account, a $10,000 deposit will be required, but after that you will have no Saxo Bank Minimum Deposit requirements, so you will have complete freedom in this respect. Speaking of deposits, we should probably check how banking methods work. We’ll do that in the next paragraph of this Saxo Bank Review 2018.
Saxo Bank Review 2018 | Transfer methods
There are three main methods how you can deposit your money to your Saxo Bank account. First and most obvious choice is the bank transfer which will take up to five days to go through. Next, there is a wide selection of debit and credit cards, from Visa and MasterCard to Dankort and Carte Bleue. Finally, if you have a stock portfolio, you can transfer that to Saxo Bank, too. As for withdrawals, the broker recommends you use their Withdraw Cash tool available on all versions of SaxoTrader. If you can’t use that, you can withdraw your funds via the transfer request form which is also available for corporate accounts. We tested all these methods and absolutely no problems occurred. Every single time, our money reached its destination, and it all happened very quickly, we might add. Of course, this is what you’d expect from a broker with well over two decades of experience in this business. Security is very tight here, as well, no doubt about that, but we will talk about that in more detail in the following part of Saxo Bank Review 2018.
Saxo Bank Review 2018 | Safety
Since the broker has so much experience, there really shouldn’t be any doubt about Is Saxo Bank a Scam or not. Nevertheless, we will touch upon this subject a bit, just to show you that you can relax when trading here. They are supervised by the Danish Financial Supervisory Authority, a body that approved this company’s banking license in 2001. Furthermore, they are the very first broker in Denmark to receive approval under the European Investment Directive. This all means that Saxo Bank is subject to strict EU directives and is required to release detailed financial reports on regular basis.
Saxo Bank Review 2018 | Support
Finally, before we conclude our Saxo Bank Review 2018, we need to talk about the broker’s customer support team. We must say that we were very pleasantly surprised with the speed of their responses because we always got our answer literally within minutes from asking them. Because of that, although there is no live chat on the website, you will still be able to quickly get all the answers you need. People working as Saxo Bank support are extremely well educated and able to help you with everything related to this broker’s services. They get straight to the point in order to resolve your issue as quickly as possible, so we firmly believe you will enjoy your experience here precisely because somebody will always have your back. This, in combination with all other features we mentioned in this article, is the reason why traders keep coming back to trade here.
Saxo Bank Review 2018 | Conclusion
And here we are, at the end of our Saxo Bank Review 2018. What is there more to say about a company that has 24 years of experience? They have a great trading platform, offer safe transfer methods, provide great support, and are 100% legit and reliable. In short, you will experience the best possible service here, so if you want to start trading forex seriously, this is where you need to open your trading account. With Saxo Bank, you will experience the very best forex trading has to offer. We wholeheartedly recommend them!