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Saxo is a foreign exchange broker. SaxoBank provides SaxotraderGO and SaxoTraderPRO foreign exchange trading platforms. Home.Saxo provides more than 165 foreign exchange currency pairs, stocks, cfds, commodities, futures, bonds, gold, silver and oil for your personal investment and trading options.
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Total scam!! Stop losses are always hit, often at "spike" that didn`t occur in real time. They also tamper with your margin, two times I got a margin stop out at night (forex) while the spotlevel did not reach the values at the time of the stop out. Helpdeskservice is very unfriendly and arrogant. Avoid the Saxobank, flushing your money through the toilet is easier and more fun.
I'm experiencing a live account with SAXO. I was catched by a very good offer for new customers: deposit $2000 and get a Mini Ipad for free. Well, infact you need to do a more than reasonable amount of trades every month for almost six months, but it's fair enough. They were really professional and sent me the Ipad the same day I deposited. I also tried to withdraw part of my money: it took only one business day, WOW. That's becouse it's a bank I guess. Problems arrived one day, when the connection to the platform was very instable. I could not access it for more than an hour and I lost money. I asked for refund and after they checked the log, they admit I was unfairly damaged and refund the part of my loss due to the bad connection. I think this broker has a solid organization behind, they proved to be very smart, honest and efficient. The platform is also good, apparently the black out was a very rare event and I hadn't any other problem. I reccomend it: try this broker with confidence.
Saxotrader2 platform is out of the most unstable in terms of FX data feed. Almost 100% problem after each software update or every other fortnight. If you are an intraday FX scalper, forget it. Its the FX market, no one can wait for minutes for a chart to be called up and problem is normally worse during the NY hours!!! Support is unhelpful and arrogant
SAXO BANK AS IT IS FROM OLD DAYS RUNING FOR YOUR MONEY AND HOPE THAT YOU WILL LOSS ONLY THATS WHY I NEVER OPENED ACCOUNT WITH THEM .befor couple of days i had a zulu account and i linked there division metatrader saxomt4 .it was good for two days after that they disabled trading on there platform for my account .they are so cheap be carefull of them dont ever try to open an account with them take my advice
I have been client with them since 2006.Only lost money with them ,but thats not the point .I want to tell another story just had lately :In my account was still left balance of $68 .I emailed them that I want to withdraw my funds ,then I had to download terminal again after longer period of time(no trading 1 year ),and they also asked for some indentity proof documents ,because after longer period of no activity of my account i had to prove that me is me !after few days i got an answer with my login and password .I downloaded terminal again and logged in ....Imagine my balance was at =0 .00$ !! They even stole my $68 .First they show me that I still have left $68 and I knew it myself ,after they reset it to 0$...They not worth any more minute of mine .