Saxo Options Trading Expert Review

Is Saxo a Good Options Trading Platform?

Yes, Saxo is one of the better value brokers for larger trades as you can trade stock options from USD 0.85, EUR 1 or GBP 1. Saxo Markets provides access to 1,200+ listed options from 23 exchanges worldwide, across equities, indices, interest rates, energy, and metals.

Saxo options trading is one of the best things about the platform’s range of markets. You can trade options with Saxo DMA on exchange on indices, commodities, forex and equities, or as a CFD. Saxo is one of a handful of options brokers to offer this, and it has the best market range.

What is the Platform Like to Use?

The key difference between CFDs and options trading is that options can limit your risk to the premium you’ve paid.

However, it’s possible to take on more options risk, which isn’t for “retail” clients who can only hold (buy) options. If you upgrade to a professional trading account, you can buy and sell (write) options in the hope that they expire worthless.

You Can Exercise Options Early

Another key benefit of trading options through Saxo is that you can exercise options early (rather than just closing off your options position). To exercise an American option early on Saxo you just need to request it in your account summary tab and a position in the underlying asset will be added to your account.

Risk Ladder

Saxo is also one of the only options brokers to offer a risk ladder calculator. This calculates the present value change as well as Delta, Gamma, Vega and Theta (commonly referred to as “Greeks”) for a range of spot values. The calculations make it possible for traders to get a quick overview of their portfolio’s risk exposure relative to different values at manually set time ranges of the underlying spot. It’s a really useful tool for traders with complex portfolios.