Saxo Bank Group is a full-service brokerage and investment company offering an extensive array of assets. Its broad product range, low fees, and award-winning platforms make it a top choice among traders. In addition to traditional stocks and bonds, Saxo offers CFDs (contracts for difference), equities, options, futures, commodities, and mutual funds. Is Saxo a Reliable Broker?
A full suite of trading tools, research, and education is offered to help clients take advantage of opportunities in the market. Saxo also offers a wide range of pre-built diversified portfolios, which can help investors gain more exposure with a minimal investment effort.
Is Saxo a Reliable Broker? An Honest Assessment
The broker’s high level of security is another major selling point. It is regulated by the UK Financial Conduct Authority, which ensures adherence to strict standards of security and consumer protection. In addition, Saxo holds client funds in segregated bank accounts that are separate from its own operational cash. This protects investor funds in the event of a company liquidation.
Lastly, Saxo offers multiple account types depending on your trading volume and initial deposit amount. Its basic classic account requires no minimum deposit, while its higher-tier platinum and VIP accounts require larger deposits to enjoy more benefits. The company also offers a free demo account for traders to try out the platform.