Saxo Markets does have a demo version of its trading platform, but there are actually quite a few limitations and it is nowhere near as good as their industry-leading live account. So, I’ve tested the Saxo Trader GO demo and here I’ll highlight what I like and dislike about it.
Saxo Bank Demo Account Review
Name: Saxo Markets Demo
Description: Saxo's demo account lets you trade with $100,00 virtual funds on around 1,000 physical stocks, CFDs and forex pairs for 20 days.
64% of retail investor accounts lose money when trading CFDs with this provider
Is Saxo's demo account any good?
Saxo’s demo account is hit-and-miss. The real, live platform is institutional grade with most things, most traders could want. But, the Saxo demo is a bit of a letdown. It’s great for functionality and getting a glimpse at the look and feel, but the market range is limited. For instance, you cannot trade indices or commodities (as far as I could tell when testing it). Also, when you first open it up you only have access to around 150 stocks, I had to go into the research tab to enable forex and CFDs. Plus, pricing is delayed (which it also is on the main platform), but it would be better to give potential customers some betting insight into this epic platform, than what is currently on show.
Pros
- Excellent platform
- High virtual balance
- Full functionality
Cons
- No indices
- No commodities
- Delayed pricing
-
Pricing
(4.5)
-
Market Access
(3)
-
Online Platform
(5)
-
Customer Service
(4.5)
-
Research & Analysis
Overall
3.4Note, Saxo does not offer an MT4 demo or offer MT4 live accounts.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
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