Is Saxo Bank legit?

Yes, Saxo Bank is a legit forex trading.

Average rating: 4.08 / 5
Weighted average rating: 4.15 / 5
Based on 132 reviews from 7 sources

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Positive highlights

Saxo Bank offers over 35,000 tradable instruments, and the trader can invest in asset classes as per their choice.


the opportunity to invest in ready-to-use long-term portfolios managed by professionals.


Saxo Bank's flagship platform, SaxoTraderGo, includes everything that traders might need to navigate the market.

Negative highlights

SaxoBank is not friendly with options traders. On their website they say the commission for options it is starting at 1.5$/contract- for 1000 contracts/month or more. To trade 1000 future option contracts in a month you need at least 500K $ in your account, otherwise you can blow-up your account trying to trade 1000 contracts in a month with less money.


They seriously need to learn how to communicate to new clients. Impossible to open a Corporate Ltd account, sent all required info and they don’t bother to even confirm receipt or if in the process, I’ve been calling them for 9 days since submitting and they pass you around to someone else who says they are not dealing with it. I would hate to think how stressful it would be if I had to call them to try resolve a trading issue.


High fees on trading bond, options, and futures


Saxo Bank has been included in the following lists

Full review

Saxo Bank is a well-known online broker that offers a range of financial products, including forex trading. With a long track record and a reputation for excellent service, it's no surprise that many traders are wondering if Saxo Bank is a legit option for their trading needs. In this article, we'll take a closer look at the quality of service, reviews from real users, customer support, key features, and pros and cons of Saxo Bank to help you determine if it's the right choice for you.

Starting with the quality of service, Saxo Bank is known for offering a smooth and efficient trading experience. The platform is user-friendly and easy to navigate, making it simple for traders to place orders and manage their positions. Saxo Bank also offers a wide range of educational resources and tools to help traders improve their skills, including webinars, trading guides, and more.

What do real users think of Saxo Bank? Overall, the reviews for the broker are mostly positive. Traders praise the platform for its speed and reliability, as well as the wide range of financial products and instruments available for trading. However, as with any online broker, there are a few negative reviews that mention issues with platform bugs or customer service. It's important to keep in mind that every broker will have some unhappy customers, and it's always a good idea to read multiple reviews to get a well-rounded understanding of the company.

In terms of customer support, Saxo Bank excels. The broker has a team of friendly and knowledgeable support staff available to answer trader questions and resolve any issues. Traders can contact the support team through live chat, email, or phone, and they generally report that they receive prompt and helpful assistance.

One of the key features of Saxo Bank is its wide range of financial products and instruments available for trading. In addition to forex, the broker offers contracts for difference (CFDs) on a variety of assets, including stocks, indices, commodities, and more. Saxo Bank also offers a range of trading platforms, including its proprietary platform, SaxoTraderGO, and more.

When it comes to the pros and cons of Saxo Bank, there are definitely more pros than cons. On the plus side, the broker has a strong reputation, a wide range of financial products and instruments, and excellent customer support. On the downside, there have been a few complaints about platform bugs or customer service, but these issues seem to be relatively rare.

Overall, it's clear that Saxo Bank is a legit online broker that offers traders a high-quality trading experience. While there may be a few minor issues here and there, the broker has a strong reputation and a long track record of satisfied customers. If you're looking for a reliable and efficient online broker, Saxo Bank is definitely worth considering.