Is Saxo good for futures trading?

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Saxo Markets Futures Trading Review
Saxo Markets

Name: Saxo Markets Futures Account

Description: Saxo Markets won “best futures broker” in our 2022 awards as they offer a very robust futures trading platform, dedicated dealers and low costs. Overall Saxo Markets offer the best futures trading platform for the majority of semi-professional and institutional traders in the UK. They also offer access to the markets via CFDs and options for traders that want a more rounded service as well as investment options like physical shares dealing and investment bonds.

Is Saxo good for futures trading?

Yes, Saxo is one of the best futures brokers we compare. I would say their major competitor for futures tradering is Interactive Brokers, which is much cheaper, but Saxo offers a better personal service. Smaller retail brokers like Plus 500 are moving into the futures trading industry (as opposed to CFDs) but that is only to capture the US market. One key advantage of  Saxo is that they are one of the few TradingView brokers that let you execute trades as DMA futures.

65% of retail investor accounts lose money when trading CFDs with this provider.

Pros

  • Professional futures trading platform
  • Advanced research and analysis
  • UK office with voice brokerage

Cons

  • High minimum deposit
  • No futures spread betting
  • No US customers
  • Pricing
    (4)
  • Market Access
    (4.5)
  • Online Platform
    (4.5)
  • Customer Service
    (5)
  • Research & Analysis
    (4)
Overall
4.4
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