Saxo Bank serves clients in over 120 countries, holds USD 16 billion assets under management and processes 125,000+ daily executed trades.
Saxo Bank A/S is a fully licensed European bank.
All platforms are available with a single Saxo account.
SaxoTrader
The two types of platforms Saxo Bank offers are:
- SaxoTraderGO
- SaxoTraderPRO
SaxoTraderGO key features as stated by Saxo Bank include:
- enhanced trade tickets,
- fundamental and technical analysis tools,
- extensive charting package,
- options chain,
- performance analysis
- and comprehensive account overview.
The asset classes under SaxoTraderGO include: Access stocks, mutual funds, ETFs, bonds, forex, CFDs, futures, commodities, forex options, listed options, trading strategies and managed portfolios.
SaxoTraderGO is said to be free to set up and has no monthly platform subscription fees. Although some features, like the level 2 market data would require you to have a subscription.
SaxoTraderPRO is Saxo Bank's fully customisable, professional-grade platform.
SaxoTraderPRO key features include:
- algorithmic orders,
- one-click trading,
- options chains
- and charting packages.
Saxo Bank's revamped account section allows you to check and analyse account performance in detail.
The asset classes under SaxoTraderPRO include: Access stocks, mutual funds, ETFs, bonds, forex, CFDs, futures, commodities, forex options, listed options, trading strategies and managed portfolios.
SaxoTraderPRO is Saxo Bank's advanced trading platform - and is said to be suitable for high-volume, active traders (we recommend reading the expert verdict).
Small, medium-volume traders, or long-term investors, may find Saxo Bank's web-based platform – SaxoTraderGO – more suitable.
NOTE:
- Saxo Bank says that you can connect your Saxo account to a third-party platform to access customised tools that suit your specific trading needs and requirements. The features available include asset-specific analysis tools, advanced strategy backtesting and hyper-responsive charting.
- Saxo Bank claims that their platform allows you to gain market access through a fast, flexible and fully-documented electronic infrastructure and receive tailored multi-asset liquidity via FIX API.
- There is a low custody charge and monthly premiums compared to other options - this is the key attraction of this platform.
- You can learn more about their prices here.
- We would highly recommend reading the 'expert verdict' section to make an informed decision.
Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:
- Academic evidence only shared with a select few firms across the world
- A real-life example of why you should never try to outguess the market
- Why a fund's past performance is not enough to predict future returns
- Why you need to focus on what you can control and why this leads to a better investment experience
- Why you should accept the markets for what they are
- What can impact behaviour and make people seek instant gratification
