Saxo options trading is one of the best things about their range of markets. You can trade options with Saxo DMA on exchange on indices, commodities, forex and equities or as a CFD. They are one of a handful of options brokers to offer this, and of them have the best market range.
The key difference between CFDs and options trading is that options can limit your risk to the premium paid.
However, if you want to take on more options risk as opposed to “retial” clients who can only hold (buy) options. If you upgrade to a professional trading account you can buy and sell (write) options in the hope that they expire worthless.
Another key benefit of trading options through Saxo is that you can exercise options early (rather than just closing off your options position). To exercise an American option early on Saxo you just need to request it in your account summary tab and a position in the underlying asset will be added to your account.
Saxo Markets Options Trading Review
Name: Saxo Markets Options Trading
Description: Saxo is one of the better value brokers for larger traders where you can trade stock options from USD 0.85, EUR 1 or GBP 1. Saxo Markets provides access to 1,200+ listed options from 23 exchanges worldwide, across equities, indices, interest rates, energy, and metals.
64% of retail investor accounts lose money when trading CFDs with this provider
Summary
- Options markets available: 1,200
- Options costs: From £1 per contract
- Minimum deposit: £1
- Account types: CFDs, futures & options, DMA, investing
Pros
- Excellent options chain boards
- DMA on-exchange options trading
- Good research and analysis
Cons
- No tax efficient options spread betting
- High minimum deposit
-
Pricing
(4)
-
Market Access
(4)
-
Online Platform
(4)
-
Customer Service
(4)
-
Research & Analysis
(4)
Overall
4- Expert opinion: Saxo Markets reviewed & rated
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.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
