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Saxo Bank Reviews

This is a discussion on Saxo Bank Reviews within the Forex Broker Reviews section, part of the Forex Reviews category; Saxo Bank INFO Saxo Bank is a Forex broker based in Gentofte, Denmark. Saxo Bank is registered with the Danish ...


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Member rating

Customer Support
80%80%80%
4.00
Honesty
80%80%80%
4.00
Quality of Execution
66.6%66.6%66.6%
3.33
Platform Features
86.6%86.6%86.6%
4.33
3 users rated 78% average
Saxo Bank Reviews
Saxo Bank Reviews
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Published by TheForexReviewer
07-20-2007
Default Saxo Bank Reviews

Saxo Bank INFO

Saxo Bank is a Forex broker based in Gentofte, Denmark. Saxo Bank is registered with the Danish Financial Supervisory Authority.

Saxo Bank SPECIFICATIONS
Spread on Majors*
EUR/USD2 pips
USD/JPY3 pips
USD/CHF3 pips
GBP/USD4 pips
USD/CAD5 pips
AUD/USD3 pips
*Spreads during normal market conditions
AVAILABLE TYPE OF ACCOUNTS & LEVERAGE
Demo AccountYes
Mini AccountYes, US$500 to open and up to 200:1 leverage.
Standard AccountYes, US$5,000 to open and up to 100:1 leverage
Margin on exotic currencies goes up to 4 and 8%
OTHER INFORMATION
PlatformAccounts below 10K Saxo MiniTrader (16 currencies), accounts above 10K SaxoTrader (160 pairs and crosses).
Supported LanguagesArabic, Chinese, English, Deutsch, Spanish, Portuguese, Russian, Japanese, French, Polish, Turkish and others.
Accepted DepositsWire Transfer


How to rate this broker?

Customer service: are they efficient and willing to help on any issue?
Honest: Did they delivered what they were supposed to?
Trading Execution: evaluate slippage, requotes, etc.
Platform Features: Platform capabilities such as trailing stop, OCO orders, one click dealing, etc.

IMPORTANT NOTE: Please post only if you are going to rate this broker, everything else about this company please discuss it at our Forex Services Discussion Forum.

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  #1 (permalink)  
By chartist on 10-09-2007, 09:31 AM
Member reviews
Customer Support
80%80%80%
4
Honesty
80%80%80%
4
Quality of Execution
80%80%80%
4
Platform Features
100%100%100%
5
Average 85%
Default great platform

This review has been useful for 1 trader(s).
Ive been trading with Saxo Bank for one year and all I have to say is thay are one of the top brokers available to retail traders. Their platform is probably the best feature of them, lots of currency pairs to trade, lots of trading indicators, etc.

I wouldnt complain about their customer service either!

The only thing I wish is tighter spreads! Almost all broker are thigheting them up! and if Saxo doesnt follow that line Im sure thay are going to lose many clients!

To me, reputation and a well stablished (fianancially) broker are the most important characteristics of any broker, Saxo has both!
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  #2 (permalink)  
By carrytrender on 11-14-2007, 04:34 PM
Member reviews
Customer Support
80%80%80%
4
Honesty
60%60%60%
3
Quality of Execution
40%40%40%
2
Platform Features
60%60%60%
3
Average 60%
Default Average...

This review has been useful for 3 trader(s).
I used to trade the news announcements with Saxo, but not able to do it anymore! too much slippage and requotes. thats the main reason I decided to open an account with another broker (which by the way i faced the same problems) and finally changed my trading strategy
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  #3 (permalink)  
By fxrally on 11-29-2007, 02:04 PM
Member reviews
Customer Support
80%80%80%
4
Honesty
100%100%100%
5
Quality of Execution
80%80%80%
4
Platform Features
100%100%100%
5
Average 90%
Default

This review has been useful for 1 trader(s).
can't believe it!!!!

you guys still think you can fool those brokers??? you will get slippage, requotes , etc with all brokers!!!! why? because they are not going to take the loss for you (because of a gap, liquidity, etc.)

For serious traders, I've been trading with saxo for a long time now and it is reliable, excelent platform, fair execution (just about what you will get with other brokers) and good customer support! Definitly recommended
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