62% of retail investor accounts lose money when trading CFDs with this provider
- Good Money Guide experts commend Saxo Futures Trading for its robust futures trading platform, highlighting its low costs and dedicated dealer support. They note that while Saxo offers a superior personal service compared to competitors like Interactive Brokers, it does have a high minimum deposit requirement and lacks futures spread betting options.
- Across 137 user reviews on Good Money Guide, averaging 4.2/5, customers frequently praise the platform's user-friendliness, comprehensive market access, and excellent customer service. However, some users express frustration with payment issues and the limitations on funding from non-resident countries, indicating a mix of positive experiences alongside operational challenges.
Saxo Futures 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 Futures Trading across five key areas of our review framework.
- Pricing4.0
- Market Access5.0
- App & Platform5.0
- Customer Service5.0
- Research & Analysis5.0
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
See full expert review
Our verdict
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.
62% 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.
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
4/5
Pros:
Good research information
Cons:
Give a far better customer service experience
3/5
Pros:
Offer options calls
4/5
Pros:
Good choice of research tools
5/5
Pros:
Spreadbet and options trading
1/5
Pros:
Nothing.
Cons:
Not sure - don't really use them much, plan on closing account.
4/5
Pros:
Fx forwards
Cons:
Fx forwards
3/5
4/5
Pros:
safety
Cons:
no thoughts
3/5
5/5
4/5
4/5
3/5
Pros:
N/A
Cons:
Customer service and trading costs
4/5
Pros:
Scale
Farhang @ 04/17/2020 03:26
The platform is difficult to use, one has to have Demo platform for month to be able to use the platform, on line or web platform. Customer service us OK but it seems they don't know much about the banks they are associated with. I tried to transfer funds from USA but their associated Deutsche Bank declined funds and no body knew why SAXO account is not active in Deutsche Bank. I hope they start to understand and offer MT4 as 3rd part platform where traders are comfortable with, and take a look at their Bank accounts in US for fund transfer. This would be very unprofessional that a bank says Saxo has no active account with us.
James Taylor @ 09/14/2018 09:34
Very easy to use, the best trading platform out there today. 10/10
Pietro Carlucci @ 09/13/2018 11:57
Very happy with Saxo - the platform does everything I need it to do. Pro platform is on a different level to other platforms. Use them for both trading and investment purposes.
Professional company with professional staff who know what they're talking about.
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.
- 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.
