62% of retail investor accounts lose money when trading CFDs with this provider
- Experts regard Saxo CFD Trading as a leading platform for experienced traders, highlighting its direct market access (DMA) for better pricing and execution. The platform is praised for its extensive market coverage and robust trading tools, although it comes with a high minimum deposit requirement.
- Across 137 user reviews on Good Money Guide, averaging 4.2/5, customers frequently commend the platform's user-friendly interface, comprehensive market access, and excellent customer service. However, some users express frustration with payment processing issues and the limitations on funding from non-resident countries, indicating a mix of positive experiences and notable challenges.
Saxo CFD Trading Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Saxo CFD Trading across five key areas of our review framework.
- Pricing4.0
- Market Access4.5
- Online Platform4.5
- Customer Service4.5
- Research & Analysis4.5
Pros
- Excellent CFD market coverage
- DMA CFD trading
- Robust CFD trading platform
Cons
- High minimum deposit
See full expert review
Our verdict
Saxo Markets won the “best CFD broker” in our 2025, 2023 and 2022 Awards as it offers the widest range of account types, market access and tradable assets.
62% of retail investor accounts lose money when trading CFDs with this provider
Is Saxo good for CFD trading?
Overall, Saxo Markets is the best CFD trading platform suitable for traders with experience who need access to a wide range of markets and order types.
When I tested the CFD platform with Saxo Markets, I traded CFDs and a few options. But, what makes Saxo Markets different though is how you can trade CFDs compared to other brokers. You can trade CFDs with direct market access (DMA) through the main trading platform or app. This means you can place OTC CFD orders directly on the exchange order book, getting better fills and better prices. You can also trade options as a CFD.
Saxo Markets is more of a professional CFD trading platform, so best suited to CFD traders who are graduating from a simple trading platform to something with more order types and support for higher-volume and sophisticated traders. The CFD trading platform is backed up with excellent support from personal dealers and experienced back-office staff, who cater for individual traders, professionals, and institutions like hedge funds and banks.
There is a huge amount of research data and analysis available on the trading platform that can help traders seek out trading opportunities and some very good post-trade analytics that will show you where you trade profitably and which markets you lose in, and therefore can potentially avoid.
Customer reviews for Saxo
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 137 reviews
- Excellent54%
- Very good19%
- Basic18%
- Poor7%
- Bad2%
Read customer reviews
3/5
Pros:
Forex
Cons:
Costs
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
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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