62% of retail investor accounts lose money when trading CFDs with this provider
- Experts rate the Saxo Trading App highly, noting its excellent functionality for professional and institutional traders, with a total rating of 4.9/5. The app provides access to a wide range of markets and features, including DMA trading, extensive research tools, and educational resources, making it suitable for both short-term and long-term investors.
- Across 137 user reviews on Good Money Guide, averaging 4.2/5, customers frequently commend the app's user-friendly interface, comprehensive market access, and responsive customer service. However, some users express frustrations with payment processes and account registration issues, indicating a need for improvement in these areas.
Saxo Trading App 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 Trading App across five key areas of our review framework.
- Pricing4.5
- Market Access5.0
- App & Platform5.0
- Customer Service5.0
- Research & Analysis5.0
Pros
- DMA trading app
- Futures and options access
- Lots of research and data
Cons
- Better for advanced traders
See full expert review
Our verdict
Saxo Markets’ trading app is a real workhorse and offers excellent market coverage and functionality. The app provides access to over 30,000 CFD markets as well as on-exchange futures, options, and physical investing.
62% of retail investor accounts lose money when trading CFDs with this provider
Is Saxo's trading app any good?
Yes, Saxo Markets’ trading app very good but compared to another institutional-grade platform like Interactive Brokers, it's not quite as good. Saxo's app is excellent for professional and institutional traders who want to trade DMA, and is essentially a mobile version of Saxo's excellent TraderGo platform. But, whereas Saxo only have one app IBKR, has a huge range of apps for all different types of investors including private investors, algo traders, options strategists and ethical investors.
Even though Saxo is traditionally a trading platform for short-term speculation on the markets going up or down. It is also an excellent choice for longer-term investors as Saxo is a very well-capitalised company, heavily regulated in the UK and all the regions they operates in, and has excellent customer service for small and large customers.
When I used the Saxo markets trading app I got access to a lot of the functionality of the main platform including, level-2 prices, positions, orders, watchlist, trade blotters, charting, options chain tables, stock screeners, price alters, and SaxoSelect Investments. SaxoSelect lets you invest in longer-term capital-grown investment products run by leading asset managers such as Blackrock and Morningstar who create automated portfolios based on your investment objectives. So, as well as having full access to Saxo’s full range of derivatives products you can also manage your investment portfolio from the app.
The SaxoTraderGo app also provides access to Saxo’s research services where you can view Saxo Wire, and get an overview of the major market movers per asset class, news is filtered by what is trending in the “Hot Topics” section. There is quite a good integration of Autochartist as well where you can trade directly from the signals, choosing if you want to add stops and limits.
There are also some quite good educational videos on topics such as technical analysis, risk management, fundamental analysis, and some general “how-to” guides on how to get the most out of the platform. Through the app, you can view live and previous webinars including Saxo’s quarterly outlook and new feature training.
Overall, one of the best trading apps on the market suitable for experienced and sophisticated traders who want more than just trading and charting.
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
Amazing
Has good options for building funds
Comprehensive
Saxo offers something for everyone. Their platforms are easy to use, give you plenty of data and some great knowledge resources. They make investing straightforward and as not-scary as possible
Sleek
Broad access to markets and asset classes, useful toolkit and low fx exchange fees when trading international shares regularly
After IB experience it is like day and night bad
My german bank decided to discontinue doing business with me as I am resident in the UAE and I want to transfer the commerzbank account to Saxo so that it is EU regulations. transfer took 8 weeks and multiple calls, account opening takes similarly very time consuming and several problems moreover the platform offers much less ETFs and bonds to compare to IB and prices are higher.
Four Stars
Very efficient trading in world wide Shares, Funds and ETF's
More compelted platfomr but more...
More compelted platfomr but more asset/ivestment options
4/5
Good experience so far
Good experience so far
Sound
Sound
Easy to trade with provision...
Easy to trade with provision for options with stops and security features
Basic trading platform, with a...
Basic trading platform, with a wide range of stocks.
No comment
No comment
Easy to use with excellent...
Easy to use with excellent pricing and range of equities across multiple markets
2/5
3/5
I find the website difficult...
I find the website difficult manage and customer service substandard.
x
x
too big
too big
no thoughts
no thoughts
uk
uk
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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