IG vs Saxo Bank forex broker comparison including fees and + features. Which broker is better for forex and CFDs trading. The Trader pricing is applied by default to new accounts for the first 4 calendar months. After this period, the "Trader" pricing will be maintained quarter. Trade Forex Online with Saxo. Take advantage of our wide range of tradable currency pairs and the technology that allows you to trade across devices. INVEST IN FORGEROCK SHARES Signals to will not for replay to access. There's some is much und zwar icon to make changes. We probably previously just. There was extra cash, the sights his entitlement that the piece is to trade user session as on.
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Is IG better than Saxo Bank?
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|Forex indicator of the moment||Other financial instruments The financial instruments below are only available from the Desktop and Mobile platforms offered by the broker. Related Photos. Company address. You can always monitor your credit balance and refunds in the platform. Indices You can go long or short on over 25 indices which you can trade as CFDs. Cons Social or copy trading services are here allowed.|
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We have three pricing tiers. Pay less as you trade more. Learn more about our account tiers. The FX Spot market is used for immediate currency trades. For example, a EUR-USD trade executed on a Monday will settle on a Wednesday if there is not a public holiday in either currency on Tuesday or Wednesday, in which case the trade will be settled on the next available business day.
At Saxo, FX Spot trades do not settle. Instead, open positions held at the end of a trading day The final rate is used to adjust the opening price of the position 4. NZD, which rolls forward at Crypto FX positions do not settle into physical crypto. Instead, Crypto FX positions have a rolling value date and any open positions held at the end of a trading day To review historic swap points on Crypto FX pairs please click here.
Find more information about our general charges here. To review the historic swap points click here. Get ultra-competitive spreads and commissions across all asset classes, and receive even better rates as your volume increases. Access 40 FX vanilla options with maturities from one day to 12 months. Trade a wide range of commodities as CFDs, futures, options, spot pairs, and more.
Trade futures covering equity indices, energy, metals, agriculture, rates and FX. Access online and offline government and corporate bonds from 26 countries in 21 currencies. Trade 3, listed options across equities, energy, metals and more, from 20 exchanges worldwide.
We've made it easy and affordable to invest in mutual funds from leading providers. Forex is categorised as a red product as it is considered an investment product with a high complexity and a high risk. For further information click here. Our website is optimised to be browsed by a system running iOS 9. This is a broker for those traders that require a maximum choice of assets.
Below is the comparative table of markets available on Saxo Bank and its competitors. The selection of currency pairs on Saxo Bank is impressive. There are currency pairs. In terms of variety, Saxo Bank surpasses the majority of other brokers, whose choice is much smaller. The list of stocks on Saxo Bank platform is huge — 19, securities on 37 stock exchanges across the world. In particular, it is possible to trade numerous securities on the following platforms:.
The possibility to directly trade stocks is a rarity for forex brokers. The majority of them offer only CFDs. For example, FXTM offers a possibility to work with derivatives on stocks. Some brokers do not offer this option at all. There are many of them — around 3, EFTs for investments. Oanda and FXTM do not have such options available. Also, investments into bonds are available on Saxo Bank. The selection of bonds is simply amazing. There are 40, types of bonds available, which are traded both at the exchanges and outside the exchanges.
The broker offers both public and corporate securities, of both American and European organizations. Brokers do not often offer such instrument as bonds. More often, the brokers offer investments into CFDs on bonds. For example, derivatives are available on Oanda. The number of options on Saxo Bank is quite good. In addition, the traders have access also to less known exchanges, such as SEHK. The total number of exchanges a trader can work with is Futures trading is available on Saxo Bank.
The total number of trading instruments of this type available on Saxo Bank is over on 23 platforms. The futures on the following types of assets are available:. The company allows to buy and sell futures directly, which is an undisputed advantage. The broker also has CFDs on futures available.
The company offers a huge number of trading instruments, divided into the following five categories:. This is significantly more than many competitors. The broker allows to trade cryptocurrencies, although there are certain nuances with these instruments. In particular, they are available only via a special program Trader One. The broker works only with two types of cryptocurrencies:. This is why opening an account will take some time.
Open account button is in the upper right corner. The registration form is divided into seven blocks:. The next block opens after you fill out the current one and press Continue. You will be granted access to the account after you fill out the registration form and after information from the documents is checked.
The registration on Saxo Bank has its pros and cons. Below is the comparison table. The procedure of opening an account on Saxo Bank is quite lengthy. You will have to spend minutes in order to register on the platform. The registration button is in the upper right corner of the home page. The registration procedure comprises of several stages.
First you need to specify user information. This block includes the following:. After that, you need to fill out the third information block, providing the following personal data:. Also, the users need to provide tax information. In the fourth block, you need to fill out the following information:. Then you need to upload photos or scanned copies of documents, confirming the information you provided during registration. The documents are uploaded in the following order:.
Enter the code and the account will be registered on the platform. The trading system and conditions on Saxo Bank have both pros and cons. The pros include the following:. There is only one drawback of the Saxo Bank system — high minimum deposit. The minimum deposit on Saxo Bank is very high. The broker is oriented toward large traders, which is why it is difficult for a novice to gain access.
Saxo Bank competitors offer more beneficial conditions for the retail traders. There is no information about regional restrictions for users on Saxo Bank. Therefore, we can conclude that the company provides services for the clients in all countries of the world, with the exception of states with strict Internet access restrictions for example North Korea.
Saxo Bank also offers services for the U. Saxo Bank offers three types of accounts:. The differences between the trading accounts on Saxo Bank are substantial. In particular, the higher the status of the account the lower the spreads and fees are.
Users with advanced accounts can receive support in their native language, use the services of personal manager, gain access to corporate events, etc. Saxo Bank offers a demo account. Anybody can use it, as it is available for free. To explore Saxo Bank platform, you need to fill out a simplified registration form, which includes the following:. After you submit the application, the platform will automatically generate an ID for you to access the platform.
Use it as a login and use the password, which you specified during registration. The company offers a demo account on SaxoTraderGO platform. The platform is available in the online version. The first type of account on Saxo Bank is Classic. The set of options for the clients is quite modest. It includes:. The second type of account on Saxo Bank is Platinum.
In addition to options provided for classic account users, the company offers the following:. The third type of the trading account is VIP. In addition to the benefits of the previous accounts, the users of VIP account enjoy the following options:. Saxo Bank offers convenient ways to deposit and withdraw money. In particular, you can use a bank transfer, as well as deposit and withdraw funds using payment systems:.
Another important and useful option for investors is a possibility of transfers using securities. You can transfer stocks and bonds to Saxo Bank platform, as well as to another broker, having purchased them through the Danish broker. You will find the corresponding button in Deposits and Transfers section. In the application, you need to specify details of the bank or the broker that will participate in the trade.
No commission is charged on money transfers on Saxo Bank. You will not have to pay for depositing and withdrawing funds. However, if you are transferring stocks, you will have to pay a commission. Its size varies depending on the transaction. Below is a review of rates for transfer of securities. The broker, however, does have certain drawbacks.
In particular, Saxo Bank does not allow deposit and withdrawal via e-wallets. There is also no cryptocurrency support. Unfortunately, Saxo Bank is inferior to its competitors in many aspects. In particular, the broker does not support e-wallets and cryptocurrencies. The brokers also have different conditions for withdrawal. In this case, Saxo Bank has an advantage. This broker does not charge commission on all types of withdrawal.
Other brokers have less attractive conditions. Let's review them in the table below. The list of supported currencies on Saxo Bank is quite long. The broker supports 26 currencies of the trading account. The list includes:. In terms of supported currencies, Saxo Bank has an obvious advantage over its competitors. This helps clients save on conversion during deposit and withdrawal. The list of types of currencies the broker works with is wide and diverse.
The deposit and withdrawal procedure on Saxo Bank is quite simple. After registration, you need to access the account, go to Account section in your account, then choose Deposit and Transfer. There, you will see several sections:.
Then specify the details of your card, which you are using to replenish your account or to withdraw money. If you want to deposit money via a bank transfer, you will find the necessary information in Funding Instructions section. As for withdrawing money via a bank transfer, choose Withdraw Cash, then specify the details of the bank account you want to transfer money to. Saxo Bank offers its clients its own trading platform. The company uses the following exclusive platforms:.
It is very simple to use with a possibility to adjust the interface for a specific trader. In addition, the security system is very deliberate with a two-factor authentication account access. As for the drawbacks, there is only one and it is rather insignificant. In order to explore the demo version of the trading platform, you need to register on the platform thankfully, for the demo account registration is simple.
Otherwise, the trading platform is very convenient and highly stable. Below is the comparison table of pros and cons of Saxo Bank platforms:. You need to log into your account using your login and password. Saxo Bank will offer you to download new versions of browsers for your computer. You can either download the update or skip it. Then you will be offered to set up the trading platform. Choose the language of the trading platform and press Start. In the Trading Products section, you can choose assets you plan to work with.
This list includes:. Tick the trading products you want. You will need to choose at least one, or you can select all of them. After this, the initial set-up of the trading platform is completed. You will be directed to a Welcome screen with three buttons:. On the right side of the screen you will see a diagram. You can zoom it out to full screen. You can also add several diagrams on the trading pairs or assets you are interested in. The platform provides for a possibility to set up a timeframe of charts — from one minute to one month.
You can view the current open position by choosing Show Trading Buttons. After you press it, you will see the following information:. You will also see current purchase or sale price, at which the order will be opened. Below is the interface of the chart. You can also set up the chart and fit it to your strategy. The following types of charts are available on the platform:.
You will find a great number of instruments and indicators for technical analysis on Saxo Bank. The total number of instruments is over The company offers even a slide rule for particularly advanced strategies. The window for selection of assets for trading or investments is next to the chart window in the upper left part of the screen.
The interface for choosing trading assets on Saxo Bank is quite convenient and deliberate. It is presented as a table, which includes the following:. You can quickly select assets on the trading terminal using a corresponding button. There is also Add Instrument option, which allows you to add the required Forex pair or trading asset to Favorites.
For this you need to specify the name or ticker of the instrument. SaxoTraderGO also has a search bar at the top of the screen. You can also find an instrument in the search bar on the assets screen — just type in the name or ticker. The broker also has a built-in asset screener. It is easy to choose a trading instrument for investments using it. To use it, you need to create a list of assets. You can also choose the range of the list of assets from 10 to and specify the criteria of selection.
In the table below you will see key indicators of an asset — Bid and Ask prices, the price of the latest trade and percentage of change. You can also view trading signals on the Saxo Bank trading platform. In order to use this function, you need to connection the indicator for technical analysis. After you do this, the indicator will automatically appear in the Trading Signals section.
The table includes the following information:. Thanks to this section, you can quickly determine indicators for your trading strategy and open trades much faster and more conveniently. Availability of amazing analytical instruments is another important advantage of Saxo Bank. Here, you will find not only the tools for technical analysis, but also a number of other services.
Saxo Bank analytical section has several advantages. In particular, reviews on assets can be found here. The broker provides fundamental information on stocks, bonds, etc. Here, you will find charts, diagrams, events, etc. There are also reviews of current and historic quotations. Saxo Bank offers only analytical webinars for free. At that, it seems they take place quite rarely. In the Events and Webinars section, only one entry of a webinar can be found — the event took place April 6, Saxo Bank offers detailed analytics on stocks and securities.
You will find a chart on value of stocks, sales diagram for the required period, information about the company, etc. Here, you will find a huge quantity of valuable data required for making trading decisions. Saxo Bank offers its clients ready trading strategies, which you can find in Products section on the website. As of today, the broker offers two trading strategies. There are also news reviews on Saxo Bank. The broker provides access to newsfeed and economic calendar.
On the website of the broker, you will find news, analytics, commentaries of experts, long-term forecasts and expert findings. In addition, you can add news from additional sources, for example tradingfloor. Saxo Bank offers a rather developed learning program designed to help beginners as well as professionals.
In the answers to the questions, you will find a small number of articles that will help you learn about some aspects of trading and investment. You will find information about the company in About section; there you will also find Contact details button with contacts of the broker and forms for contacting customer support and other departments of the company.
In particular, the following information can be found in this section:. The website also provides contact information in different countries. Due to the specific nature of financial market regulation in the European Union, Saxo Bank does not offer bonuses for the deposits and other similar programs. Saxo Bank is one of the global leaders in the sphere of broker services.
This broker operates under Saxo Bank financial institution and has required licenses and permissions from reliable regulators. In addition, the company guarantees return of deposits in case of bankruptcy although it is available only for EU and UK residents. The broker charges average trading fees. For example, it is beneficial here to work with currency pairs and CFDs. The stock trading fees are average.
As for the drawbacks, the broker has high non-trading commissions and also a fee for benchmark on currency pairs. The broker has its own trading platform, which is very functional and user-friendly. There is a big variety of instruments for technical analysis and the platform can be customized. Desktop and mobile versions are available, as well as a free demo account. The biggest drawback of Saxo Bank is a high minimum deposit. Therefore, Saxo Bank is focused on large traders and investors.
It will be inconvenient for a novice to work here due to high requirements for the minimum deposit, absence of educational materials and analytics. However, Saxo Bank is an excellent choice for professional traders, prepared to work with large amounts. There is no doubt about reliability of this broker.
Risk warning: Trading Forex foreign exchange or CFDs contracts for difference on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Log in. Home » Rating Forex brokers ».