Review Saxo Bank now
5 stars based on
Saxo Saxo trading review enables clients to trade currencies, shares, CFD saxo trading review, futures, options and other derivatives as well as portfolio management via their online trading platform - SaxoTrader 2. SaxoTrader 2 has been internally developed by Saxo Bank and is available to investors directly saxo trading review Saxo Bank or through one of their white-labelled partners usually other banks and brokerages.
They have, in fact over sixty partners globally of whom, currently, twelve are in Asia. Essentially, Saxo Trader is a good all round platform offering many products to trade, but as with all brokers, they are after your money if they can saxo trading review it.
Having asked a Saxo Bank trader through their 24 hours chat line for his view on spot gold over the next two days they said bullish but with no reasons to reassure saxo trading review. I asked the same question 20 minutes later and the response was saxo trading review. When I asked why the sudden change, the told me that that is what the 15 minute graph is showing. Their platform is quite complex this in the positive sense of term but canceling orders in a fast market can be a nightmare.
I rang to close an order when I was away from the system and it took exactly 7 minutes from when they answered the phone to close the position. This turned a saxo trading review trade into a loosing one. If you saxo trading review already loosing the order takes 10 seconds to close!
So, it's not the best broker on the planet, but I think they are - at least - honest. The customer service was also good for me. Saxo Bank offers a wide range of tools in the home page of the site, some of which include: The good thing about all these tools is that most of them can be integrated with your pda device or mobile phone by SMS WAP or directly by phone alert.
I asked my Saxo Bank account manager about their policy towards scalping and he told me that scalping is allowed at Saxo bank however sniping is not. He defined sniping as using a software to perform very fast trades targeting few pips per trade.
He said that using a software for sniping eliminates risk since the software know exactly the market direction. He added that Saxo bank have a powerful set of systems that can easily catch a sniper and prevent him from trading. And your first An insurance guarantee fund for all Danish banks covers all clients regardless of Nationality and Residence. A did for me, try manual entries and exits. It has helped me tremendously.
But, I have to watch the screen more often doing it all manually. Saxo trading review a give and take. All comments and ratings on this page are the opinion of the reviewer, and do not necessarily represent the views of Financial-Spread-Betting.
Where possible, I endeavour saxo trading review ensure that all ratings are the honest, independent and unbiased view of the reviewer, however, I accept no liability for the views expressed herein. Go back to Spread Betting Courses.