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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.
The owner of the broker has hidden his identity. Spammers use this information to promote services to broker owners. For this reason, some broker owners choose to hide their contact information. However, it can also be abused by scammers. If the identity of the broker owner is displayed, our algorithm will give a high evaluation.
owner of the broker of the domain name registration time more than a year. This means that he plans to conti...
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A few years with them, but I will change soon as now I am trading more active. It´s a perfect broker if you do few trades and you keep positions for some days or weeks. Not a bad analysis tools platform, but data for any analysis is often incorrect in some time frames. For instance one day you can´t see a correct eurusd daily chart, another day it will be the 4 hours usdjpy chart... Moreover, almost impossible to trade news with them, and BIG RISK: if you want to close a position during high volatility periods (NOT ONLY news releases) you can´t!! Because you need to click on "ask price", then wait until sometimes 7 or 8 seconds, and when finally the "tradable price" is displayed and you click you will probably see "price has changed too much"... and so again... I am now looking reviews on FPA to change. Congratulations for your site!
Please stay away from Saxo bank. There are too many errors in their trading platform. Sometimes you cannot place or exist a position, as the system show some error message. Your stop loss never stop at the point where you set. You will always lost your money than you desire. It is very easy to deposit your account. It takes few second, then your money is there. But if you want to withdraw your money, it takes too long time and I withdrawn cash from my account last week, I still did not get my money back and I do not know when it will happen. Customer support is very poor. They never reply your email. I wrote them and asked about an account, they never reply. There are two types of account for a private investors, as they wrote on their website. Saxo trader with minimum deposit of 10000 USD and miniaccount with minimum deposit of 2000 USD. If you apply for mini account, you would not get that. They will only give you an account with minimum deposit of 10000 UDS. I recommend that you should stay away from this broker.
They are terrible. Go on their website now, 01/22/2010, and try to use the search feature--it doesn't work. It is a prop on the websites that want to look fancy. Its just marketing to lure in clients. Terrible system will keep you away from your money in peak hours. A truly regretable experience. You don't know how badly you get get treated until you trust Saxo with your money.
Still I am searching for a good top-end broker for forex. in my search I am finding Saxo Bank to not be one of them. Just a little research shows some odd and some disturbing things. For one, they are NOT A BANK, what they are is an investment firm w/ a BANKING LICENSE, they do not offer banking products, your funds are put into other associated banks. The founder has been investigated, and brought to court(though he won the case) on charges of fraud. They have been found to be manipulating any bad info on them in their respective danish/us wikipedia pages. --- Finding things like this out really does suck, because I was quite excited to begin trading with them, the amount of currency pairs they off is quite overwhelming. With this I will continue my search, and will probably stick to ECN/interbank firms.
Be careful with Saxo Bank. I have lost opportunity to buy some shares for a very good price only because they could not send the email message to me (their email message was prepared against the IT rules). I will not reccommend this bank.