62% of retail investor accounts lose money when trading CFDs with this provider
- Experts rate Saxo Options Trading highly, noting it as one of the best value brokers for larger trades, with competitive pricing starting from USD 0.85. The platform offers access to over 1,200 listed options across various markets, and features such as a risk ladder calculator enhance its appeal for traders with complex portfolios.
- Across 137 user reviews on Good Money Guide, averaging 4.2/5, customers frequently commend the platform's user-friendly interface, extensive market access, and responsive customer service. However, some users express frustration with payment processing issues and the high minimum deposit requirement, indicating a mix of positive experiences and notable challenges.
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 Options Trading across five key areas of our review framework.
- Pricing4.5
- Market Access5.0
- Online Platform5.0
- Customer Service5.0
- Research & Analysis4.5
Pros
- Excellent options chain boards
- DMA on-exchange options trading
- Good research and analysis
Cons
- No tax-efficient options spread betting
- High minimum deposit
See full expert review
Our verdict
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.
62% 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.
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
Payment and client service chaos
Bank account registration system/deposits consistently fail - their systems cannot cope. Their new rule about not funding from or withdrawing to non-resident countries is absurd and they have ignored their own grace periods for compliance. Online withdrawals fail with the transaction logs disappearing within 24 hours. Withdrawals have to be processed manually and this takes at least one week. Their account restrictions come in too easily, and client service tickets yield no results at all unless you file a formal complaint. I have been trying to make withdrawals for over three months now and I am closing my account in exasperation.
Effective
Demands competence on part of investor - restricts access to asset types.
Professional
Large range of different markets.Execution,costumer service and deposits/withdrawals.
Consistent performance
Wide range of products, competitive and transparent pricing, great client service
Versatile
Saxo bank delivers a premium trading experience with vast markets access, advanced tools, and competitive fees. They are Professional and helpful all the way.
Strong Platform
A great platform with latest technology.
Professional
The Saxo platform provides access to all important stock and bond markets worldwide with professional execution and reasonable pricing.
A comprehensive global trading platform
Range of available product, accompanying research, trading educational materials, daily news. Not much more one could wish for.
professional
What stands out is how closely it resembles a professional trading environment. The interface is intuitive but not dumbed down, the charting is robust enough for serious technical work, and the order management feels precise — which is critical when you’re trading actively or managing risk intraday. Research is global and competitive.
It gives me exactly what I need: clarity, control, and confidence in execution.
Comprehensive
A really good, straightforward & easy to use platform with comprehensive market information and good articles about stocks and shares. Simple, efficient and cost-effective.
Great
Every single thing, from information to execution.
Swift
Complete package
Excellent
Transparent, accurate, well time tested being a trusted one along.
Reliable
Executes trades efficiently. Reporting great.
very good
The. Interface is easy to use and provide most of the information required ro make decisions
Professional
Analysis, information, data availabld
Easily usable
They make the site and app easy to understand and use
Great
Saxo
Comprehensive
Great UI with access to global markets
Service
Customer Service and platform ease of use
Compare Saxo Against Other Options Brokers
| Options Platform | Options Available | Type | Good For | Customer Reviews | More Info |
|---|---|---|---|---|---|
 | 40 | OTC | Added Value | (Based on 125 reviews) | See Platform 69% of retail investor accounts lose money |
 | 10,000 | DMA | Experts | (Based on 1,375 reviews) | See Platform 59.7% of retail investor accounts lose money |
 | 5 | OTC | Spread Betting | (Based on 272 reviews) | See Platform 61% of retail investor accounts lose money |
 | 100 | CFD | Major Markets | (Based on 146 reviews) | See Platform 76% of retail investor accounts lose money |
 | 1,000 | OTC | Beginners | (Based on 746 reviews) | See Platform 68% of retail investor accounts lose money |
 | 1,200 | DMA | Professionals | (Based on 137 reviews) | See Platform 62% of retail investor accounts lose money |
 | 6 | OTC | Sentiment | (Based on 237 reviews) | See Platform 68% 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.
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.
