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Saxo Bank

What kind of feedback does the Forex broker receive for terms of cooperation and reliability? The question of the comfort of the conditions of cooperation with the broker raises the discussion in the reviews of traders.


Saxo Bank is a Danish online investment bank that offers a package of services similar to what brokers provide for Poland. He specializes in online investments and allows client to work with a wide range of financial instruments.

As a broker, SaxoBank belongs to the Saxo Group, which includes a number of companies. Each of them operates in a specific financial market and is controlled by the respective regulator.

• Saxo Bank A / S –Danish FSA;

• Saxo Bank A / S Italy –The Bank of Italy;

• Saxo Bank A / S Czech Republic - The Czech National Bank;

•etc.

 

Terms of cooperation

Saxo Bank offers Forex intermediary services to its clients, like many brokers in Poland.

• Leverage - up to 50: 1;

• minimum deposit - from $ 10,000;

• spreads - from 0.5 pips (for VIP clients);

• high percentage of execution of orders, few premature stop-outs and favorable prices.

 

What kind of feedback does the Forex broker receive for terms of cooperation and reliability?

The question of the comfort of the conditions of cooperation with the broker raises the discussion in the reviews of traders. The presence of external regulation is perceived as evidence that Saxo Bank is not a scam, which means it is positive. But not everyone is satisfied with the high level of minimum deposit.

Verdict: CONDITIONAL

 

 

Trading Accounts

The broker implements a system of accounts different from the one that brokers usually use for Poland. It uses a single account, which has three levels of service:

 

Classic

Premium

Platinum

Trading Accounts

$10 000 

$50 000

$1 000 000

Minimum deposit

+

+

+

A complete set of trading tools

+

+

+

Technical support during trading

-

-

-

Service charge

-

+

+

Personal financial manager support

-

-

+

 

 

 

What reviews Forex broker earned for the provided set of accounts?

Grading the level of service in the presence of a single account with the client is satisfactory. There are no signs of a scam in it.

Verdict: POSITIVE

 

 

Deposit and withdrawal of funds

For depositing funds, the most reliable methods have been selected from those that brokers usually use for Poland:

• payment cards and transfers;

• bank transfers.

What kind of feedback does the Forex broker earned for the features of depositing and withdrawing funds?

The input and output of funds was not discussed among traders. However, at the same time, there are no messages about a frauds or a scam when transferring funds either.
Verdict: NEUTRAL

 

 

Customer service

For traders in Poland, the broker offers:

  • training courses presented in the Saxo Academy section;
  • support during trading hours;
  • proprietary trading platform;
  • access to Forex analysis and training materials.

 

What kind of feedback does the Forex broker earned for the level of service?

Traders in EU have a different attitude to the quality of service with this broker. Some are happy with everything. Others complain about the indifference of the support service or report that the provided trading platform works poorly, up to an arbitrary closing of transactions. Some see the behavior of software as a fraud and claim that the broker is a scam.

Verdict: NEUTRAL

 

Trading platform

Unlike other brokers, SaxoBank uses its own software:

• SaxoTraderPRO - a trading platform that allows you to work on six screens simultaneously.

• SaxoTraderGO - a web application for PC, Mac, tablets and smartphones.

 



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