Excellent for Advanced Traders
Minimum Deposit is $2000
4.9/5 stars rating based on analyzing 300+ criteria, testing the broker’s platforms and tools
Review
Saxo Bank is excellent broker, fully licensed and regulated in 15 financial centers worldwide. Having superb trading platforms and excellent trading tools, make Saxo Bank one of the best forex brokers. Saxo Bank is great choice for advanced traders with well-funded accounts.
Pros and Cons
Pros
- Trading platforms are top of the line.
- Over 40,000 tradeable instruments
- Excellent customer service
Cons
- High Minimum Deposit
- Recommended for Advanced traders. Beginners may find its platforms complicated to use.
CFDs are complex instruments and come with a substantial risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the substantial risk of losing your money.