SAXO Capital Markets Broker Review

Saxo Capital Markets is an FCA Regulated forexCFD and spread betting broker. Saxo Capital Market offers an access to traders major markets like currenciesindicescommodities and shares. For traders interested in cryptocurrencies like Bitcoin, Saxo Bank is among one of the few brokers that offer cryptocurrency CFDs to its clients.

To open a live account with Saxo Bank, you’ll need a minimum deposit of at least $2000. Alternatively, Saxo Bank offers a demo account that you can use to practice and familiarise yourself with their platform.

Saxo Capital Markets Review

Saxo was established in 1992, although the UK brokerage is not a bank (it's called Saxo Capital Markets). Saxo offer DMA (direct market access) to stock, futures and options and have their online trading platform. They mainly cater for experienced investors.

Visit Saxo Website

Visit Saxo Capital Market WebsiteSaxo Client Reviews
Trading PlatformsSaxo TraderGo & SaxoTraderPRO
Saxo UpdatesComing Soon
Min Deposit$2,000
Saxo Account TypesCFDs, Forex, Stocks, Options, ETFs, ISA & SIPP and Prime Brokerage
Spread TypesFixed or variable
Funding MethodsCards, Bank transfer, Stock transfer
Customer SupportPhone, email, messenger (very professional and experienced staff)
Execution TypeSTP, Hedged, DMA, Internally matched
UK 100 Pricing0.8 points
Germany 30 Pricing1 point
Wall Street Pricing1.4 points
Bitcoin PricingCrypto ETFs
Ether PricingCrypto ETFs
EURGBP Pricing0.6 points
EURUSD Pricing0.6 points
GBPUSD Pricing0.6 points
Gold Pricing0.12 points
Oil Pricing5 points
Stock Pricing0.10%
FCA RegulatedYes - See status
Year Established1992
Active Clientsn/a
Markets available35,000+
Retail AccountsYes
Professional AccountsYes
Listed PLCNo
Country FoundedDenmark
Inactivity Fee$100 after 6 months
What are the Overnight Financing Rates2.5% +/- Libor
Educational MaterialYes
Office Locations21

Saxo Markets (Saxo Bank) FAQs

Does Saxo Markets accept Paypal?

Saxo Markets does not accept Paypal

Does Saxo Markets accept Neteller?

Saxo Markets does not accept Neteller

Does Saxo Markets accept Skrill?

Saxo Markets does not accept Skrill

Does Saxo Markets offer Islamic accounts?

Saxo Market offer Islamic accounts

Does Saxo Markets allow hedging?

Saxo Markets does not allow hedging

Does Saxo Markets allow scalping?

Saxo Markets does allow scalping

Does Saxo Markets offer ECN accounts?

Saxo Markets offer ECN accounts

Does Saxo Markets offer micro accounts?

Saxo Markets does not offer micro accounts

Does Saxo Markets offer Cryptocurrencies?

Saxo Markets offer Cryptocurrencies (See brokers that offer Cryptocurrencies here )

Does Saxo Market offer Ethereum?

Saxo Markets offer Ethereum (See brokers that offer Ethereum here )

Does Saxo Markets offer MT4 trading platform?

Saxo Markets does not offer MT4 (See MT4 brokers here )

Does Saxo Markets offer MT5 trading platform?

Saxo Markets does not offer MT5 (See MT5 brokers here )

Does Saxo Markets offer Spread betting accounts?

Saxo Markets does not offer Spread Betting accounts (See Spread Betting brokers here)

Does Saxo Markets offer negative balance protection?

Saxo Markets offer negative balance protection due to ESMA regulation.

Does Saxo Markets provide education material?

Saxo Markets provides various trading education in various formats under their insights section.

  • Videos
  • Webinars
  • Seminars
  • Trading analysis

Saxo Markets (Saxo Bank) Charges

What are the general fees of trading with Saxo Markets (Saxo Bank)?

  • Saxo Capital Markets doesn’t charge inactivity fees* (please check the website for the latest updates)
  • Saxo Capital Markets doesn’t charge withdrawal fees* (please check the website for the latest updates)

What are the overnight fees & swap rates for long and short positions?

  • The rollover fee for long positions on EUR/USD is $0.0264
  • The rollover fee for short positions on EUR/USD is $0.0082

Does Saxo Markets (Saxo Bank) charge commissions?

  • Saxo Capital Markets does charge commission on CFD shares

What are the main advantages opening an account with Saxo Capital (Saxo Bank)?

Main advantages:

  • Allows scalping
  • Mini account
  • ECN account
  • Segeregates client funds
  • Regulated by Financial Conduct Authority

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