Saxo Bank Review For Beginners

A step by step tutorial on Saxo Bank's offerings including their accounts, spread fees, trading applications and more.

This Video Overview Includes:

📢 Trading products
📢 Account types
📢 Trading Platforms
📢Opening an account
📢 Educational resources
📢 And more...

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0:26 Overview
3:53 Trading platforms
6:02 Account types
9:23 Opening an account
10:00 Educational Resources
11:08 Awards
11:27 Conclusion

Read our Video Script:

Saxo Bank is an online Danish bank that was founded in 1992 by Kim Fournais and Lars Christensen. With Saxo Bank, you can trade more than 60,000 Forex pairs, Bonds, Options, Cryptocurrencies, Futures, CFDs, ETFs and Stocks, and they offer an exceptional proprietary trading platform with VIP perks, managed portfolios and expert insights. Saxo Bank is one of the most trusted online investment platforms and they are regulated by6 international agencies, including the Australian Securities and Investments Commission and the Financial Conduct Authority. More than 850,000 people from around the world trade with Saxo Bank and over 270,000trades are processed daily.

Saxo Bank currently offers more than 190 tradable Forex pairs with flexible leverage levels and tight spreads. They also offer more than 60,000 Stocks, Indices, Bonds, ETFs, Cryptocurrencies, Futures, CFDs and Commodities.

Saxo Bank offers award-winning platforms for mobile and desktop trading and you can choose between using Saxo Trader GO and Saxo Trader Pro. Saxo Trader GO is a beginner-friendly trading platform that comes with a variety of built-in tools for and sentiment indicators for technical and fundamental analysis, automated Trade Signals, live charts, and a range of annotation tools, along with over 40 technical indicators and plenty of intuitive drawing tools that you can use to identify and monitor trading patterns and refine your trading strategies. With this platform, you can easily manage your account with detailed portfolio summaries, performance analyses and breakdowns of your trading activities. If you’re looking for a more advanced, professional-level trading platform, we recommend switching over to the Saxo Trader Pro platform. Saxo Trader Pro comes with in-depth market analysis features and a wide range of advanced order management tools. It also has an advanced trade ticket system and it can be used for algorithmic trading.

With Saxo Bank, you can open either a standard Saxo account, a Joint account, a Corporate account or a Professional account, and if you are a first-time client, you can open a risk-free demo account first to see if you like the platforms and trading conditions. To trade with Saxo Bank, a minimum deposit of $2,000 must be made into your account before it will be activated. Once you’ve made your first deposit, you’ll have access to thousands of tradable instruments and the Saxo Bank platforms. All Saxo accounts have 3 tiers - Standard, Platinum and VIP.

If you are looking for inspiration, trading ideas and expert insight, Saxo Bank also provides high-quality research content and actionable advice from their in-house strategists. You can also stay one step ahead with the market forecasts and predictions provided, and we recommend tuning in to their weekly Market Call podcasts and webinars for exclusive insights into trading different instruments and how market movements could affect you. Despite the high minimum deposit required to trade with Saxo Bank, they are still beginner-friendly and you can practice trading on a demo account and use the educational resources provided to learn the basics of trading and trade in a risk-free environment until you have developed a trading strategy and you are ready to open a real account.

Overall, Saxo Bank has been a leader in the trading industry for more than 2 decades and their technology is used by banks like Standard Bank and Old mutual to provide trading and investment services to their clients. This is one of our top-rated brokers for professional traders and high-volume traders, but they also offer demo accounts and educational resources for beginners and their award-winning platforms can be used for all styles of trading and any type of trading strategy. If you are interested be sure to open your Saxo Bank account today and bring a friend along to claim your referral reward and get a head start on your trading career today with the Saxo loyalty program!

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