Yes, Saxo does have an app and it is excellent, but compared to Interactive Brokers it’s not quite as good. Saxo’s app is excellent for professional and institutional traders who want to trade DMA, and is essentially a mobile version of Saxo’s excellent TraderGo platform. But, whereas Saxo only have one app IBKR, has a huge range of apps for all different types of investors including private investors, algo traders, options strategists and ethical investors.
Saxo Markets Trading App Review
Name: Saxo Markets Trading App
Description: Saxo Markets’ trading app is a real workhorse and offers excellent market coverage and functionality. The app provides access to over 30,000 CFD markets as well as on-exchange futures, options, and physical investing.
70% of retail investor accounts lose money when trading CFDs with this provider.
Saxo Markets: Best trading app for professional traders
- Markets available: 9,000
- Minimum deposit: £1
- Account types: CFDs, futures & options, DMA, investing
- Equity overnight financing: 2.5% +/- SAXO RATE
- Pricing: Shares 0.05%, FTSE 1, GBPUSD 0.7
Saxo Markets’ trading app is a real workhorse and offers excellent market coverage and functionality. The app provides access to over 30,000 CFD markets as well as on-exchange futures, options, and physical investing.
When I used the Saxo markets trading app I got access to a lot of the functionality of the main platform including, level-2 prices, positions, orders, watchlist, trade blotters, charting, options chain tables, stock screeners, price alters, and SaxoSelect Investments. SaxoSelect lets you invest in longer-term capital-grown investment products run by leading asset managers such as Blackrock and Morningstar who create automated portfolios based on your investment objectives. So, as well as having full access to Saxo’s full range of derivatives products you can also manage your investment portfolio from the app.
The SaxoTraderGo app also provides access to Saxo’s research services where you can view Saxo Wire, and get an overview of the major market movers per asset class, news is filtered by what is trending in the “Hot Topics” section. There is quite a good integration of Autochartist as well where you can trade directly from the signals, choosing if you want to add stops and limits.
There are also some quite good educational videos on topics such as technical analysis, risk management, fundamental analysis, and some general “how-to” guides on how to get the most out of the platform. Through the app, you can view live and previous webinars including Saxo’s quarterly outlook and new feature training.
Overall, one of the best trading apps on the market suitable for experienced and sophisticated traders who want more than just trading and charting.
- DMA trading app
- Futures and options access
- Lots of research and data
- Better for advanced traders
App & Platform
Research & Analysis