- Experts rate Saxo Commodities Trading highly, noting its professional platform and low commissions as significant advantages for both retail and institutional traders. However, they point out the absence of commodities spread betting as a limitation, which may affect some traders seeking tax-free profits.
- Across 137 user reviews on Good Money Guide, averaging 4.2/5, customers frequently commend the platform's user-friendly interface, extensive market access, and competitive pricing. While many highlight the excellent customer service and robust trading tools, some users express frustration with account registration issues and the limitations on funding from non-resident countries.
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 Commodities Trading across five key areas of our review framework.
- Pricing4.0
- Market Access4.5
- Online Platform4.5
- Customer Service4.0
- Research & Analysis4.0
Pros
- DMA commodities trading
- Professional platform
- Low commissions
Cons
- No commodities spread betting
See full expert review
Our verdict
Saxo customers can trade a wide range of commodities as CFDs, futures, options, spot pairs or exchange-traded commodities (ETCs) with tight spreads, integrated Trade Signals, news feeds and innovative risk-management features.
62% of retail investor accounts lose money when trading CFDs with this provider
Is Saxo a good commodities broker?
Yes, as a commodities broker Saxo offers one of the best trading platforms for retail and professional traders. For professional and institutional commodities traders, you can trade commodities with DMA on-exchange futures and options. For retail traders, you can get access to the commodities market through CFDs and a wide range of ETFs. The only think that Saxo does not offer commodity traders is financial spread betting for tax-free profits on oil and gold trading etc.
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
Solid
Saxo is a safe, reliable broker with a vast offering of securities.
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.
Saxo customers can trade a wide range of commodities as CFDs, futures, options, spot pairs or exchange-traded commodities (ETCs) with tight spreads, integrated Trade Signals, news feeds and innovative risk-management features.
As a commodities broker Saxo offers one of the best trading platforms for retail and professional traders. For professional and institutional commodities traders, you can trade commodities with DMA on-exchange futures and options. For retail traders, you can get access to the commodities market through CFDs and a wide range of ETFs. The only think that Saxo does not offer commodity traders is financial spread betting for tax-free profits on oil and gold trading etc.
- Expert opinion: Saxo reviewed & rated
Compare Saxo against other commodities trading platforms below:
| Commodity Broker | Commodities Available | CFDs | Spreads | Futures | Options | MT4/5 | Customer Rating | More Info |
|---|---|---|---|---|---|---|---|---|
 | 20 | ✔️ | ✔️ | ❌ | ✔️ | ✔️ | (Based on 125 reviews) | See Platform 69% of retail investor accounts lose money |
 | 20 | ✔️ | ✔️ | ❌ | ❌ | ✔️ | (Based on 21 reviews) | See Platform 74% of retail CFD accounts lose money. |
 | 28 | ✔️ | ✔️ | ❌ | ❌ | ✔️ | (Based on 110 reviews) | See Platform 73% of retail investor accounts lose money |
 | 22 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 146 reviews) | See Platform 76% of retail investor accounts lose money |
 | 20 | ✔️ | ❌ | ✔️ | ✔️ | ❌ | (Based on 1,375 reviews) | See Platform 59.7% of retail investor accounts lose money |
 | 20 | ✔️ | ✔️ | ❌ | ❌ | ❌ | (Based on 272 reviews) | See Platform 61% of retail investor accounts lose money |
 | 35 | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | (Based on 746 reviews) | See Platform 68% of retail investor accounts lose money |
 | 100 | ✔️ | ✔️ | ❌ | ❌ | ✔️ | (Based on 237 reviews) | See Platform 68% of retail investor accounts lose money |
| 25 | ✔️ | ❌ | ✔️ | ✔️ | ✔️ | (Based on 137 reviews) | See Platform 62% of retail investor accounts lose money |
 | 43 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 283 reviews) | See Platform 61% of retail investor accounts lose money |
 | 22 | ✔️ | ✔️ | ❌ | ❌ | ❌ | (Based on 139 reviews) | See Platform74% of retail investor accounts lose money |
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.
