- 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
Fantastic platform and really wide...
Fantastic platform and really wide choice of instruments - ability to get reports and track performance is superb
2/5
As above
As above
Good for US access
Good for US access
Excellent research
Excellent research
3/5
Pros:
No thoughts
Cons:
Dont know
3/5
Pros:
The wide palette.
Cons:
less fee
5/5
Pros:
easy professional platform to use
Cons:
Nothing.
4/5
Pros:
trading Options to choose from
Cons:
simplify trading experience
2/5
Pros:
Chart graphics
Cons:
Don't know
4/5
Cons:
Lower fees
3/5
Pros:
No thoughts
Cons:
X
4/5
Pros:
Looks good
4/5
Pros:
Functionality
4/5
4/5
5/5
5/5
Pros:
Strat├®gie dÔÇÖinvestissement dans la transition ├®cologique
Cons:
Conseils sur la strat├®gie dÔÇÖinvestissement
3/5
Pros:
UI
Cons:
not sure
4/5
Pros:
Access to Options trading
Cons:
Lower fees
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.
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