Saxo Bank Journal
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Saxo Bank Profile
Website
Year
1992
Country
Denmark
Branches
8
Regulation
DFSA Denmark
Registration
DFSA Denmark, FINMA Switzerland, FCA UK, CNB Czechia, CONSOB Italy, Bank of the Netherlands, MA Singapore, ACPR France, AMF France, Central Bank UAE, FSA Japan, SFC Hong Kong, ASIC Australia
Investor protection
Fund protection
Danish Guarantee Fund
Publicly traded
no
Restricted in
Not serving
х US
Broker type
MM
Dealing book
B-book
Tier
Bank
Execution speed
22 ms
LPs total
33
LPs quality
Tier-1 Banks, Tier-2 PoPs, Non-banks, ECNs, MTFs
LPs names
BNP Paribas, Barclays, CCM Alpha, Citadel Securities, Citibank, Commerzbank, Credit Suisse, Currenex, Deutsche Bank, EBS, FXall, FastMatch, GAIN Capital, GTS Securities, Goldman Sachs, HC Tech, HSBC, Hotspot, JPMorgan, Jump Trading, LMAX, MUFG, Morgan Stanley, Nomura, RBS, Reuters Spot Matching , Solid Invest, Standard Chartered, State Street, Sun Trading, UBS, Virtu Financial, XTX Markets
Saxo Bank Accounts
MM
Minimum Deposit
2000 $
Leverage
30 : 1
Minimum Lot
0.01 lots
EURUSD spread
0.1 pips
Commission
10 $/lotRT
Volume
Unlimited
Margin Call
100 %
Stop Out
100 %
Execution
Market
Spread
floating
Scalping
yes
Deposit & Fees
Deposit methods
Bank Wire
Base currency
USD
Segregated accounts
yes
Interest on margin
yes
Inactivity fee
after 6 months
| Update broker |
- Full listing profile: Saxo Bank broker profile
Is Saxo Bank safe?
- Investor protection: Danish Guarantee Fund
- Regulation: DFSA Denmark
- Registration: DFSA Denmark, FINMA Switzerland, FCA UK, CNB Czechia, CONSOB Italy, Bank of the Netherlands, MA Singapore, ACPR France, AMF France, Central Bank UAE, FSA Japan, SFC Hong Kong, ASIC Australia
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is Saxo Bank trusted?
- Information transparency: high
★★★★★ - Customer service: prompt, helpful
★★★★★ - Saxo Bank website: highly detailed, updated
★★★★★ - Saxo Bank popularity (by visitor count): top visited
★★★★★
How Saxo Bank works
5. Saxo Bank’s selected venue
5.1. For FX Spot and FX Forward, Saxo Bank retains discretion as to execute orders on a trade-by-trade basis and/or on a client-by-client basis, either as principal through liquidity provided from its internal flow aggregation book, or as agent when routing particular orders directly to one of Saxo Bank’s exe-cution venues.
5.2. Saxo Bank will normally provide liquidity from its internal flow aggregation book.
5.3. In limited circumstances, where Saxo Bank believes it is necessary to do so to enhance the experience of the majority of its clients, it may route particular orders directly to third party execution venues
https://www.home.saxo/-/media/documents/business-terms-and-policies/best-execution-policy-en.pdf?la=en
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