Join thousands of international professionals and business owners and get weekly insights on health, wealth and happiness.
Established in 1992 as a brokerage firm, by Lars Seier Christensen, Kim Fournais and Marc Hauschildt, Saxo Bank was one of the first financial institutions to develop an online trading platform.
Saxo Bank launched one of the first online trading platforms, making professional-grade tools and multi-asset market access available to everyone in 1998. It provided ordinary investors with the same tools and market access as professional investors.
Saxo Bank adheres to strict regulatory requirements in in 15 jurisdictions, including Denmark, the UK and Singapore.
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 under the supervision of Danish FSA. Saxo Bank A/S is subject to stringent financial reporting requirements under EU directives and specific regulations regarding client handling.
All platforms are available with a single Saxo account.
The two types of platforms Saxo Bank offers are:
SaxoTraderGO key features include:
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 free to set up with no monthly platform subscription fees. However, some features – such as level 2 market data – require a subscription.
SaxoTraderPRO is Saxo Bank's fully customisable, professional-grade platform.
SaxoTraderPRO key features include:
It also allows you to analyse your performance in detail with Saxo Bank's revamped account section.
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, suitable for high-volume, active traders.
Small, medium-volume traders, or long-term investors, may find their web-based platform – SaxoTraderGO – more suitable.
The in-depth research hub is meant to inform your trading with curated research content, including news, SaxoStrats analysis, price data, trade ideas and educational material.
Saxo Bank offers tools to manage risk and control positions. These include:
1. Account shield:
The account value shield acts as a stop loss on your entire account value. If triggered, it will close all your open positions (except bonds and mutual funds holdings) and cancel all orders.
2. Stop orders:
Protect your positions from adverse market moves with trailing stops and stop-limit orders.
3. Cancel all orders:
Cancel all orders, or just those within an asset class, with a few clicks.
4. Margin breakdown:
Easily monitor the margin utilisation for each instrument.
5. Margin alerts:
Set custom margin alerts to receive pop-up and push-notifications.
6. Quick close positions:
Close all FX and CFD positions, or just those within an asset class, in two clicks.
SaxoTraderPRO is a downloadable application only.
However, the award-winning platform, SaxoTraderGO, is web-based and can be accessed through any browser with no download necessary.
As a Saxo client, you have access to their SaxoTraderGO platform, which is optimised for mobile, tablet and single-screen laptops.
It also offers native applications for iOS and Android.
All your personal settings, watchlists, orders and positions are synced with SaxoTraderGO, allowing you to trade wherever, whenever, from a single account.
Yes, SaxoTraderGO is suitable for traders of all experience levels, and is the preferred platform for the majority of Saxo Banks clients.
Advanced traders may also wish to leverage their downloadable, multi-screen trading platform, SaxoTraderPRO.
Yes, Saxo Bank is regulated by several financial authorities, like the Danish Financial Services Agency (FSA), the Financial Conduct Authority (FCA) and the Swiss Federal Banking Commission, among others.
Saxo Bank is based in Denmark and was founded in 1992.