- Saxo is highly rated in both expert and user reviews, boasting an average of 4.2/5 from 136 user reviews. Users appreciate the platform’s extensive market access, competitive pricing, and user-friendly interface, while experts highlight its robust trading capabilities and low commissions, making it suitable for both beginners and experienced traders.
- Experts commend Saxo for its direct market access and comprehensive research tools, noting that while the platform is sophisticated and may be complex for novices, it excels in providing institutional-grade pricing and execution for professional users. The platform has received multiple awards for its excellence in trading services.
- Users frequently praise Saxo for its intuitive platform, excellent customer service, and broad range of investment options. Many highlight the platform’s reliability and efficiency in executing trades, while some express concerns about its complexity for new investors and the need for subscriptions to access live prices.
Customer Reviews
1/5
Pros:
Nothing
Cons:
Reduce fees
3/5
Cons:
Platform, Fees, Support
5/5
Pros:
Ease of use
Cons:
Nothing
5/5
3/5
Pros:
Good interface
Cons:
Currency conversion is too expensive
4/5
Pros:
Breadth of investments
3/5
Pros:
OTC products
Cons:
lower fee
2/5
2/5
3/5
Pros:
No favorite
Cons:
Support
5/5
Pros:
flexible charts
Cons:
enable trading automation
5/5
Pros:
Brilliant website
Cons:
Nothing
5/5
Pros:
Concise trade costing & variety of markets
Cons:
More companies in covered markets
3/5
Pros:
platform
Cons:
fees
4/5
Pros:
Breadth of investments available and platform
Cons:
single login for all accounts (ISA/SIPP/Trading)
3/5
3/5
3/5
2/5
Pros:
Nothing
Cons:
Simplyfy everything and make communication much easier
4/5
Pros:
Good research information
Cons:
Give a far better customer service experience
Expert Review & Rating
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
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Pricing
(4.5)
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Market Access
(5)
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Online Platform
(5)
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Customer Service
(5)
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Research & Analysis
(5)
Overall
4.9Leave A Review
Tell 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.
