There are literally thousands of brokers offering online trading platforms in the UK, but what separates the wheat from the chaff is if a broker offers access to the futures markets with DMA. Being able to trade wheat futures instead of wheat CFDs, is what makes Saxo stand out as one of the best brokers in the UK.
Saxo Futures Trading Review: Professional grade market access
Account: Saxo Futures Trading
Description: Yes, Saxo is one of the best futures brokers we compare. I would say their major competitor for futures tradering is Interactive Brokers, which is much cheaper, but Saxo offers a better personal service. Smaller retail brokers like Plus 500 are moving into the futures trading industry (as opposed to CFDs) but that is only to capture the US market. One key advantage of Saxo is that they are one of the few TradingView brokers that let you execute trades as DMA futures.
65% of retail investor accounts lose money when trading CFDs with this provider.
Is Saxo good for futures trading?
Saxo Markets won “best futures broker” in our 2022 awards as they offer a very robust futures trading platform, dedicated dealers and low costs. Overall Saxo Markets offer the best futures trading platform for the majority of semi-professional and institutional traders in the UK. They also offer access to the markets via CFDs and options for traders that want a more rounded service as well as investment options like physical shares dealing and investment bonds.
Pros
- Professional futures trading platform
- Advanced research and analysis
- UK office with voice brokerage
Cons
- High minimum deposit
- No futures spread betting
- No US customers
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Pricing
(4)
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Market Access
(5)
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App & Platform
(5)
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Customer Service
(5)
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Research & Analysis
(5)
Overall
4.8- You can compare Saxo to other futures brokers here.
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.
You can contact Richard at richard@goodmoneyguide.com
