- Saxo is highly rated in both expert and user reviews, achieving an average of 4.2/5 from 136 user reviews. Users appreciate the platform’s comprehensive market access and robust trading tools, while experts highlight its low commissions and professional-grade features, making it suitable for both beginners and experienced traders.
- Experts commend Saxo for its exceptional trading platforms, noting the direct market access and extensive range of investment options. However, they caution that the complexity of the pro platform may be overwhelming for novice investors.
- Users frequently praise Saxo for its user-friendly interface, competitive pricing, and excellent customer service. Many highlight the platform’s reliability and the breadth of investment products available, though some express concerns about the complexity of certain features and the need for a subscription to access live prices.
complete
A comprehensive investment platform offering a vast array of investment products to trade and invest in. The platform has a professional look and feel. It also includes research, third party news coverage as well as provides education and own research. For a long-term investor, not sure you could ask for much more.
Helpful
Provides retail investors with a great trading platform and access to global financial markets 24hrs a day. Also Saxo is entirely professional and they are always there to help if ever needed.
Slick
Everything
Professional
Straight forward, simple to use, fast response to requests and commands. Excellent analysis of markets, trends, opportunities.
Brilliant
Great platform, excellent breadth of markets and reasonably priced.
Brilliant
Most instruments to choose from.
Lowest fees.
Best support.
Efficient
Friendly and good with advice
Best
Trading, investment, savings and all
Excellent
I find Saxo’s app easy to use, very clear on fees, and supported by great customer service
Superb platform
Quality of platform, tools and investment information. Stability of site and clear informative interface.
Good UX, technical tools and insights
Charting and data
Good
Good
Helpful
The platform and good service when needing to speak with someone
One stop shop
Great platform
Reliable and Quick Broker App
Saxo Bank is a privately owned Danish investment bank specializing in online trading and investment. The bank provides access to a broad range of financial instruments, including Forex, stocks, CFDs, futures, funds, bonds, and futures spreads, through its proprietary online trading platforms in its App.
I am satisfied with the “SAXO BE INVESTED” App, indeed and have been using that in Hungary for years.
Good luck by the SAXO App all of you in 2026!
Comprehensive
Provides excellent investment information, very competitive trading fees, simple trading process and good access to shares from a range of countries
Flexible
Breadth of investment products, costs, speed
slick
Great platform and app
User-friendly
The platform is very user friendly and visually easy to navigate. There is a lot of interesting educational material. Has a good range of options for different instruments.
Amazing
Has good options for building funds
Saxo have some of the best trading and investing platforms for advanced and beginner investors
Provider: Saxo
Verdict: Saxo is an excellent investing and trading platform for those that who want institutional grade pricing, robust execution and wide market coverage as well as simple to use apps for beginners. Saxo was voted best investing account in the 2026 Good Money Guide Awards
62% of retail investor accounts lose money when trading CFDs with this provider
Is Saxo Markets a good broker?
Yes, Saxo has a great choice of accounts for beginners with SaxoInvestor and for professionals, the more sophisticated SaxoTrader go provides direct market access. The pro platform, analysis, and direct market access may be too complicated for beginners. But, for experienced traders, its coverage, commissions and research are unrivalled.
Saxo is one of the largest investing and trading platforms worldwide and provides direct market access to equities, bonds, forex, futures and options as well as being a major liquidity and infrastructure provider to wealth managers, banks and smaller brokers.
Awards: Saxo won best investing app and best DMA/Professional account in 2024. Before that, in our 2023 awards, Saxo won ‘Best CFD Broker’, and ‘Best DMA & Professional Trading Account’. In 2022 Saxo also scooped ‘Best Bond Broker’.
Pricing: Commissions have just been reduced further making Saxo one of the cheapest brokers
Market Access: Saxo offers a huge range of markets for both derivatives trading and physical investing
Platform & Apps: Saxo has an industry-leading robust workhorse of a platform
Customer Service: Experienced dealers for active larger customers
Research & Analysis: Some of the best opinions on the markets around.
Plus, with Saxo posting its best financial results in history (with over $118bn customer funds on account) and now that it has been 70% bought out by J. Safra Sarasin Group, they will be in an even better position to continue to provide excellent market access. This, combined with founder Kim Fournais still owning 28% will keep the firm’s customer-first ethos intact.
Overall, Saxo Markets is an excellent trading platform for retail traders and investors who want institutional-grade pricing, robust execution and wide market coverage.
Pros
- Direct market access
- Low commissions
- Robust trading platform
Cons
- Seen as a trading platform for professionals
- Have to subscribe for live prices
- Pricing (4.5)
- Market Access (5)
- Online Platform (5)
- Customer Service (5)
- Research & Analysis (5)
Overall
4.9Tell us what you think of this provider.
Saxo Markets FAQ:
Yes, Saxo Markets does act as a market maker for OTC products like CFDs. But, Saxo Markets does not act as a market maker if you are dealing in exchange products like listed options, futures or DMA stocks and shares.
No. Saxo used to offer a spread betting service through a partnership with London Capital Group. However, Saxo announced back in 2015 that it would be shutting down it’s spread betting service. Clients of Saxo Spread Betting migrated to deal with Capital Spreads directly.
The Saxo spread betting services was a white label of the London Capital Group platform, whose own brand is Capital Spreads.
The news came after there were significant changes at London Capital Group with a reported 75% staff turnover since Charles-Henri Sabet took the reigns and focusses on building the spread betting and forex broker back to profitability.
There is was also a significant amount more competition in the spread betting industry than in 2009 when Saxo launched the service. Increased competition and a decline in active spread betting clients may lead to more consolidation in the sector. This may include more white-label contracts being cancelled (like City Spreads, another LCG white label) or acquisitions (like City Index by Gain Capital or Cantor Index to Spreadex).
It is free to have an account with Saxo Markets. However, there are some monthly fees for accessing live data on certain markets. There is a custody fee for holding physical shares, but there is no inactivity fee if you don’t trade.
For a Classic account there is no minimum deposit, but for Platinum accounts the minimum deposit is £200,000 and for VIP accounts the minimum is £1,000,000.
Beginners may find Saxo Markets a bit complex as they are more suited to experienced traders. However, beginners can still open an account and invest in the stock market without trading derivatives.
No. There is no fee to withdraw funds. However, to avoid delays with requesting funds back make sure your account information is completely up to date as Saxo Markets will have to comply with AML regulations before returning money.
Yes, to switch from limit order to market order on Saxo Trader GO follow these steps:
- Go to the “Orders” tab at the bottom of the trading screen.
- Find the order you want to change
- Click the three dots on the right-hand side that look like this “…”.
- Select “change to market order”
- Approve the change on the confirmation screen.
Your order will be executed at the currency market price and your limit cancelled.
62% of retail investor accounts lose money when trading CFDs with this provider
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 The Sunday Times, 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.