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Saxo Bank review and ratings

Established 1992
Location Australia UK Switzerland Denmark UAE Singapore Hong Kong Japan
Regulation ASIC, FCA, FINMA, DFSA, Central Bank of UAE, DFSA, MAS, SFC, JFSA
Offices Sydney, London, Zurich, Copenhagen, Dubai, Singapore, Hong Kong, Tokyo and many other cities
Broker type STP | ECN
Leverage up to 1:70 (1:30 for EU clients | differently restricted for others)
Deposit from 2000 USD
Spreads low  low
Platforms Web Specific
Instruments Currencies Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates
Funding methods Wire Transfer Credit Cards

Company information

Saxo Bank A/S is a licensed bank located in Denmark, regulated by the Danish Financial Supervisory Authority (DFSA).

Besides Denmark, the bank operates in several other countries and is registered by the Bank of Italy, the Bank of France, the Czech National Bank, the Bank of the Netherlands, the Central Bank of Cyprus.

Saxo Bank group also includes 7 more related financial companies.

Saxo Bank AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
Saxo Bank UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
Saxo Bank CH - located in Switzerland, regulated by the Financial Market Supervisory Authority (FINMA).
Saxo Bank UAE - located in the United Arab Emirates, licensed by the Central Bank of UAE, regulated by the Dubai Financial Services Authority (DFSA).
Saxo Bank SG - located in Singapore, authorized by the Monetary Authority of Singapore (MAS).
Saxo Bank HK - located in Hong Kong, regulated by the Securities & Futures Commission (SFC).
Saxo Bank JP - located in Japan, regulated by the Japan Financial Services Agency (JFSA).

Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

Saxo Bank group accepts clients from all over the world, excluding USA, Belgium and other jurisdictions where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

100+ Currency Pairs Based on major and minor world currencies.
20+ Currency Futures Based on major and minor world currencies.
30+ Indice Cash CFDs Based on baskets of different blue-chip stocks and US Dollar Index.
80+ Indice Futures Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.
20+ Metal Spot CFDs Based on Gold, Silver, Platinum, Palladium, Copper.
6 Metal Futures Based on Gold, Silver, Platinum, Palladium, Copper, Iron Ore.
7 Energy Spot CFDs Based on Crude Oil (WTI, Brent), Heating Oil, Gas Oil, Gasoline, CO2 Emissions, Natural Gas.
20+ Energy Futures Based on Crude Oil (WTI, Brent), Gas Oil, Gasoline, Ethanol, Natural Gas, EUA, PhelixDE, Nordic Electricity Base, Low Sulphur Gasoil, NY Harbor.
7 Soft CFDs Based on Coffee, Sugar, Cocoa, Corn, Wheat, Soybeans, Live Cattle.
20+ Soft Futures Based on Coffee, Sugar, Cocoa, Corn, Wheat, Soybeans, Cotton, Orange Juice, Barley, Butter, Cheese, Milk, Rapeseed, Maize, Potato, Wheat, Rice, Oats, Lumber, Feeder Cattle, Live Cattle, Lean Hogs.
5000+ Bond CFDs Based on AU, US, UK, EU, Latin Americaan, Middle East, African and Asian government securities and corporate bonds.
10+ Bond Futures Based on US, EU, Swiss and Japanese government securities.
19000+ Stock CFDs Based on shares of AU, CA, US, UK, EU, Middle East, African and Asian companies.
3000+ ETF CFDs Based on exchange-traded funds containing various tradable assets.
10 Interest Rate Futures Based on Euribor, Euroswiss, Short Sterling, Eurodollar, Federal Funds, Interbank Cash Rate, Bank Accepted Bills, Deliverable Interest Rate Swap, New Zealand Bank Bill, Bankers' Acceptance.

Forex broker offers the following underlying assets for Vanilla Options trading.

40+ Currency Pairs Based on major and minor world currencies.
2 Metal Options Based on Gold and Silver.
1000+ Stock Options Based on shares of US, EU and Asia companies.
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