Saxo Bank’s platform facilitates online trading of over 30,000 instruments, including bonds, futures, FX, CFDs and stocks.
In terms of the stocks available, Saxo includes over 3,000 ETFs. Prices for exchange traded products are delayed unless the investor subscribes to the live feed, however this is of less relevance to long-term investors.
Saxo Bank provides two different trading platforms for traders:
SaxoTraderGO – for the mobile trader and investor - and it’s most appropriate for retail investors.
SaxoTraderGo is a cross-device platform, allowing you to trade on many devices from your Saxo account. It’s geared towards investors and traders on the move.
Settings and preferences migrate seamlessly. With it comes comprehensive market research, news and an economic calendar.
It also provides access to the Saxo Academy, where traders can take advantage of a host of different educational programs. There is a comprehensive range of courses, so much so they take up more than two pages to list! There are basic lessons on each of the different types of assets offered at Saxo Bank, such as Forex, stocks, bonds, CFDs and even futures.
Courses consists of a basic lesson, explainer video, a getting started guide and a quiz on the material presented.
The platform is based on HTML5, which makes it fast and easy to use. The investor’s position is easy to view.
The minimum investment is $10,000. Saxo Bank charges commissions on trades – normally about $15 equivalent, which is where it generates most of its revenue.
Underlying this, custody charges of 0.12% p.a. with a monthly minimum fee of EUR 5.00 will apply. Transfers of stocks to your account outside Saxo Bank incur a €100-€160 exit charge, and no trades for 6 months will mean you incur $100 equivalent inactivity charge.
SaxoTrader – for the professional trader
SaxoTrader is a fully customisable, comprehensive professional desktop platform. It offers:
- Indiviudalised set up over 6 screens
- Fast and accurate order, trading and position management
- Individualised market information
- Streaming news with custom filters and,
- Direct access to Saxo Bank dealers via chat.
Ultimately, it provides a full suite of trading tools and facilities, built for speed.