Saxo Bank

Trading CDF based SP 500 and Dow is not recommended with saxobank. Besides that the spreads are wider than other companies, they manipulate the quotes based on the order book. As they use factual pricing as for instance SP500: 849.45/850.46 will give them a fill without the client gets a fill. A limit sell order at 849.50 will not be done before the market goes 849.60 and buy that time they have allready sold position at 849.50 ... if market never go 860 they will run your short trade. The same issue with the dow cfd that also is quoted fractually.

accounts do blow up fast with Saxo, not yours of course because you work there and have never traded in your life. Saxo has bad conditions, end of story. Requotes and cheap margin scams are not to be expected from a bank, but from a bucketshop scandinavian bank...sure why not.

Saxobank dead company without support team. In Saxobank doesn't exist support team, they doesn't answer on me emails. It is SCAM broker.

Trading CDF based SP 500 and Dow is not recommended with saxobank. Besides that the spreads are wider than other companies, they manipulate the quotes based on the order book. As they use factual pricingas for instance SP500: 849.45/850.46 will give thema fill without the client gets a fill. A limit sell order at 850 will not be done before the market goes 860 and buy that time they have allready sold position at 850 ... if market never go 860 they will run your short trade. The same issue with thedow cfd that also is quoted fractually.

I thought this bank/broker was a serious one but it badly screws you.Today alone I made a profit of $30K on a long GPDUSD position. Soon after I received a shocking email from a saxo bank representative called Erdal saying that THEY ARE CHANGING MY TRADES!!!!!!!!!I EARNED THIS PROFIT FAIR AND SQUARE (IN SPITE OF ALL THE SAXO SLIPPAGE AND REQUOTES) AND NOW SAXO BANK IS SIMPLY WIPING OUT MY PROFITS, AND IS IN ADDITION THREATENING ME OF I DON'T KNOW WHAT...THIS IS THE BIGGEST SCAM IN THE WORLD.

CORRECTION TO PREVIOUS CORRECTION: Trading CDF based SP 500 and Dow is not recommended with saxobank. Besides that the spreads are wider than other companies, they manipulate the quotes based on the order book. As they use factual pricing as for instance SP500: 849.45/850.46 will give them a fill without the client gets a fill. A limit sell order at 849.50 will not be done before the market goes 849.70 bid and buy that time they have allready sold position at 849.50 ... if market never go 849.70 bid they will run your short trade. The same issue with the dow cfd that also is quoted fractually.

Friday afternoon you better not even trade. The margin call shoots up to 4%. They must spend the whole weekend laughing with the extra bucks made.I only lost around 4 thousand EUR, but I learned my lesson well.My friends and business partners are advised about this SuX-o-bank

when Money matters open a real bank account.When you open a real bank account you will be the one that is interested to open the account. You will not be getting hundreds of calls from the supposed bank. The real bank account works like this:You either visit the bank or open the account by mail though it is not just sending scannned copies of contract or IDs.You will have to :Send hard copy of pasport notarized by public notary. Sometimes a letter from other bank, it is a letter of recommendation.Hard copy of contracts sign and dated.And Bank has to be authorized to be securities dealer and authorized to be a BANK .

Muy MALA EXPERIENCIA: cuando empezaba atendia mucho en cuanto ejecutaba los contratos, pues estaba probando la plataforma y en una ocasion ejecuto por varios puntos de diferencia un STOP, hice el reclamo y me salieron con que habia mucha volatilidad, que era MENTIRA pues apenas se movia el indice, asi que busque el historico de movimientos, (en aquellos tiempos se podia hacer en gran detalle cuando era solo Windows), print screen y listo, tuvieron que reconocerlo, llevo casi 1 mes y solo eran menos de 10 puntos pero como pelearon!!!Este año, ya con su nueva plataforma "SaxoTraderGO" me jugaron 2 veces pero PEOR, ejecutaron operaciones que yo cancele, claro de la peor forma ya que el mercado me iba en contra: UN TOTAL DE -40% DEL CAPITAL FUE MI PERDIDA, si bien ellos aducen que existe el registro de la operacion, yo tambien LLEVO UN REGISTRO PARALELO de cada operacion, fecha, hora, precio, cantidad y demas... y no figura... asi que basado en mi reclamo anterior ni sueño que lo reconozcan, pero ESTA FUE MI EXPERIENCIA CON ESTE BROKER, asi que los que quieran invertir mejor prueben otro.