- Experts note that while Saxo's demo account offers a high virtual balance and excellent platform functionality, it has significant limitations, such as a lack of access to indices and commodities, and delayed pricing. Overall, the demo account is rated 4.3/5, but it falls short compared to the capabilities of the live account.
- Across 137 user reviews on Good Money Guide, averaging 4.2/5, customers frequently highlight the platform's user-friendliness, extensive market access, and responsive customer service. However, some users express frustration with payment issues and system limitations, particularly regarding account registration and 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 Demo Account across five key areas of our review framework.
- Pricing4.5
- Market Access3.0
- Online Platform5.0
- Customer Service4.5
- Research & Analysis0.0
Pros
- Excellent platform
- High virtual balance
- Full functionality
Cons
- No indices
- No commodities
- Delayed pricing
See full expert review
Is Saxo's demo account any good?
Saxo does have a demo version of its trading platform, but there are actually quite a few limitations and it is nowhere near as good as their industry-leading live account. So, I've tested the Saxo Trader GO demo and here I'll highlight what I like and dislike about it.
Saxo's demo account lets you trade with $100,00 virtual funds on around 1,000 physical stocks, CFDs and forex pairs for 20 days.
Saxo's demo account is hit-and-miss. The real, live platform is institutional grade with most things, most traders could want. But, the Saxo demo is a bit of a letdown. It's great for functionality and getting a glimpse at the look and feel, but the market range is limited. For instance, you cannot trade indices or commodities (as far as I could tell when testing it). Also, when you first open it up you only have access to around 150 stocks, I had to go into the research tab to enable forex and CFDs. Plus, pricing is delayed (which it also is on the main platform), but it would be better to give potential customers some betting insight into this epic platform, than what is currently on show.
Note, Saxo does not offer an MT4 demo or offer MT4 live accounts.
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
Easy
Broad range of securities
Slick
Strong platform
A delight. Exactly what investing should feel like.
Really slick interface, by far the best on the street. Great investing choices.
Inviting
Easy to navigate web pages.
Complete account information available.
International shares.
Trustworthy
Performs as it should and when it should.
trust
very low fees, excellent range of assets, great app, excellent service
Sophisticated
They deliver a professional, sophisticated and reliable experience proving global reach, depth and quality tools for both the experienced investor/trader and beginners on their investing journey. They are top tier powerhouse, but the part I value the most is their London team! They are outstanding.
Comprehensive
Intuitive platform, multi-asset, ease of use
Straightforward
Its interface is easy to use and works reliably. Large choice of shares and ETFs
Smart
Execution
All in one place.
Very broad range of instruments.
Broad
Competitive pricing, broad spectrum of assets to trade and invest. Good mobile app easy to use. I use their ISA account for trading etf and individual stocks.
Professional
Platform technology and pricing
User Friendly
User friendly system, with expansive investment options.
Simple extensive
24 hour access
Excellent
Simple, clear look and easy to use. ISA account and secured funds.
Empowering
Portfolio management is effortless with Saxo. I can see exactly what net returns are for each asset, currency exposure at the account level, and I’ve got all the tools I need to hedge risk I don’t want, whilst managing trades I do want. Reporting is simple, and the excel export on almost every module is a godsend. I run a multi-asset portfolio for myself, and it’s like dealing with an investment bank. Very few assets are off limits.
It works - magnificently
Everything
Trustworthy
Provide regular educational webinars to keep investors knowledgable about investing
Excellent
Provide excellent service
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.
