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REVIEW SUMMARY

Saxo Capital Markets

Established in 1992 as a brokerage firm (under the original name of Midas Fondsmæglerselskab, by Lars Seier Christensen, Kim Fournais and Marc Hauschildt), Saxo Bank was one of the first financial institutions to develop an online trading platform.  It provided ordinary investors with the same tools and market access as professional investors.

With an EU-regulated bank headquartered in Copenhagen, Denmark, Saxo Bank has a strong international network.  It has local offices in 25 countries across Europe, Asia, Australia, South America, Africa and the Middle East.

Saxo Bank serves clients in more than 180 countries, and their trading platforms are available in 25 different languages.
Overview
FAQ
Customer Reviews
Expert Verdict

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.

 

The Pros

> Wide range of investments
> Low Cost
> Excellent DIY platform

The Cons

> Complex choice of instruments
> No advice
> Dealing commissions
What can I invest in with a Saxo Capital Markets account?

The answer is - pretty much anything!

Equities – 19,000 stocks on 36 exchanges

Equity Options – in markets throughout the US, Europe and Asia Pacific

ETFs and ETCs – 3,101 ETFs and ETCs on 36 exchanges worldwide

Futures 200+ Futures spanning 22 global exchanges, in a wide range of asset categories

Contract Options 75 Contract Options in many asset categories including metals, energy and interest rates

CFDs 9,000 CFDs covering Single Stocks, Indices and Commodities

FOREX 182 FX currency pairs traded as Spot and 140 as Forward Outrights

FX Options Puts and calls in 40 currency pairs - including Gold and Silver Bonds 7,000 Bonds from 26 countries and in 21 different currencies. 

What are the key features of Saxo Capital Markets main platforms?

SaxoTraderGO –

For the mobile trader and investor Cross-device platform, allowing you to trade on many devices from your Saxo account.

Geared towards investors and traders on the move.

Your settings and preferences migrate seamlessly.

Accessible from any browser on a PC, Mac, tablet or smartphone.

Or use Saxo's iOS or Android apps.

Switch devices seamlessly.

Simple functionality with quick, reliable trading and order execution.

Intuitive charting, technical analysis, and trading from the chart.

Comprehensive information.

Market research, news and economic calendar.

Push-notifications, info-streams and access to the Saxo Academy.

SaxoTrader –

For the professional trader SaxoTrader is a fully customisable, comprehensive professional desktop platform.

Trade across multiple screens, and complement with SaxoTraderGO when you go mobile.

Individual set-up over up to six screens, with dedicated modules per asset class.

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.

A full suite of trading tools and facilities, built for speed.

Advanced charting with annotations, moving averages, oscillators, volume studies and more.

I rate Saxo pretty highly...

I'm an active trader - I find Saxo's nailed in terms of functions features and flexibility.

Costs not too bad either.

Delivers everything I need and more - super reliable too.

Expert Assessment of Saxo Capital Markets

If you were to invest in low cost ETFs as part of a passive strategy for the long term (AES International’s choice strategy) you would benefit from fewer trading charges. 

The key attraction of this platform is the low custody charge and monthly premiums compared to other options.  Although you would have to make a nominal trade every six months to avoid the inactivity fees, this platform provides a very cost effective investment solution overall.

This platform is not available to US citizens or a handful of Canadian citizens depending on their area of residence.

Overall, Saxo Bank provides an excellent investment platform for those investors who are comfortable making their own investment decisions, can resist the natural temptation to make investment mistakes, and who do not need sophisticated facilities for wealth structuring.

Saxo Capital Markets General Terms of Business

Saxo Capital Markets Securities Trading

Saxo Capital Markets Custody Management

Saxo Capital Markets' Best Execution Policy

Saxo Capital Markets Equity Active Trader

Saxo Capital Markets Factsheet

Saxo Capital Markets Trading Checklist

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