Saxo Bank

It's a terrible and not advanced company in terms of trading currencies. In my story, I was attracted by promises of broker's advantages among other firms. It pushed me to open account and make deposit after relatively short period of time. No demo at all! In addition, I had an ECN account, but in reality, there were no advantages compared to other types of accounts. All the same: requotes, wide spreads, etc. If someone wants to protest against my statements, I will glad to provide all the evidence. Unlikely, I won't communicate to anybody from broker after such a negative experience.

Saw an add for NDD Saxo bank trading accounts, later I find they are market makers. below is from their Product disclosure statement. 3.14 Conflicts of interest: Trading with Saxo for the Saxo Products carries an automatic risk of actual conflicts of interests because Saxo is acting as principal and issuer of the Saxo Products and Saxo sets the price of the Saxo Products and also because it might be transacting with other persons, at different prices or rates, or Saxo might be trading with market participants.

I really appreciate the personal support from Saxo. One of the reasons I switched to Saxo is because I couldn't reach someone to talk to when chatbots couldn't help. Saxo staff go the extra mile, and I highly recommend them.

The platform is attractive with many options and reasonable fees. Simplifying the UI and adding a unified calendar for report release dates would be beneficial, as this information is currently scattered.

That’s not a good broker for some sort of trading strategies. I’ve got very poor performance since started trading using small take profits and stop losses. Other words, spreads too high for scalping. It brings my strategy performance to negative level comparing to other brokers. I also found that results are the same on all main currencies. So my conclusion is to use this broker only for position trading.

As a newcomer to investing, I've found Saxo to be excellent. The help center and client service are always responsive and helpful. With a wide range of investment options, Saxo is ideal for anyone beginning their investment journey.

One of the top banks in that country for services and rates.

Unreliable and Limited. The platform is to some extent good; however, if you need to chat with the agent and receive support it is very challenging. The chat can be open for 5 min at most and then it restarts and you end up speaking with 10 agents before you can only address your problem. I never solved one so far. Saxo Bank is also very unreliable. They change margins, fees and their interpretation of regulation without any previous communication and as they seem appropriate, usually on client's damage. They also never send you a name or a link to the regulation they are enforcing. Especially if you are a non EU citizen, avoid it.

this broker is shady to say the least! this happend to a friend of a friend, I have no reason to doubt this would not be true, this guy deposited 10000 dollars to this broker, this was his first try at the market, he asked if the transaction would be safe? they ensured him it was perfectly safe and was very friendly and helpful about it, he deposited the money but somehow the money never reached his acount, they just wanished, and there after they wasnt so friendly suddenly, and didn't want to admit any misstakes from their side, they don't ansver emails from him anymore and when he call they put him on hold for hours and he never get to speak with anyone, the guys money still havent shown up what I know of. further, the minimum deposit sum is redicilously huge, these guys are scum