Saxo Options Trading Expert Review
Account: Saxo Options Trading
Description: Saxo is one of the better value brokers for larger trades - 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.
65% of retail investor accounts lose money when trading CFDs with this provider
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.
Pros
- Excellent options chain boards
- DMA on-exchange options trading
- Good research and analysis
Cons
- No tax-efficient options spread betting
- High minimum deposit
- Pricing (4.5)
- Market Access (5)
- Online Platform (5)
- Customer Service (5)
- Research & Analysis (4.5)
Overall
4.8Compare Saxo Against Other Options Brokers
| Options Platform | Options Available | Type | Good For | Customer Reviews | More Info |
|---|---|---|---|---|---|
 | 40 | OTC | Added Value | (Based on 124 reviews) | See Platform 71% of retail investor accounts lose money |
 | 10,000 | DMA | Experts | (Based on 934 reviews) | See Platform 60% of retail investor accounts lose money |
 | 5 | OTC | Spread Betting | (Based on 257 reviews) | See Platform 64% of retail investor accounts lose money |
 | 100 | CFD | Major Markets | (Based on 144 reviews) | See Platform 80% of retail investor accounts lose money |
 | 1,000 | OTC | Beginners | (Based on 678 reviews) | See Platform 71% of retail investor accounts lose money |
 | 1,200 | DMA | Professionals | (Based on 73 reviews) | See Platform 65% of retail investor accounts lose money |
 | 6 | OTC | Sentiment | (Based on 148 reviews) | See Platform 70% 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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