Saxo's trading platform is one of the true workhorses of the markets
Account: Saxo Markets Trading Platform
Description: Overall, Saxo Markets is an excellent platform for experienced traders. SaxoTrader Pro offers a very advanced trading platform and voice brokerage service for experienced and professional traders and investors.
65% of retail investor accounts lose money when trading CFDs with this provider
Is Saxo's trading platform any good?
Yes, I’ve been using Saxo’s online trading platform for around ten years now and it’s evolved nicely over the years. The core functionality remains consistently high-end, whilst the front end is given a facelift every few years.
Whilst Saxo does offer MT4, it’s own proprietary trading platform (SaxoTraderGo) is a well-established work-horse. The platform is exceptionally robust and suitable for institutional-grade hedge fund businesses as well as individual traders. It really stands out among peers as a serious platform for serious traders that is backed up by the products on offer, such as DMA CFDs, on-exchange futures, options, a huge range of bonds and access to dealers via voice brokerage who can work complex orders for you.
Direct Market Access
Unlike more retail-based trading platforms where CFD commissions are built into the spread with Saxo, you trade at the bid-offer (or DMA) and commission is charged afterward. This enables clients to trade inside the market price if they have opted for direct market access.
Pricing
Commissions are very competitive as Saxo Market is most suited to high-volume and high-net-worth traders. Smaller traders may be put off by auxiliary costs such as having to subscribe to live pricing from exchanges, level-2 data fees, and minimum commission charges.
Market Access
Saxo Market’s trading platform market range is vast, you can go long or short over 19,000 instruments, which is more than any other retail derivatives provider with the SaxoTraderGO platform or apps.
Analytics
The platform also has built-in post-trade analytics so you can see where you have been profitable in the past, and has an integrated research portal, webinars, trading signals, and market analysis.
Account Types
Saxo Markets can be suitable for smaller traders as it has three different tiers of trading accounts – Classic, Platinum and VIP. Classic is the most basic with a minimum deposit of £1,500 whilst the VIP requires at least £1 million in funding, where traders will have access to the tightest spreads and dedicated Saxo service.
What does Saxo’s trading platform look like?
Pros
- Professional trading platform
- Direct market access
- Futures & options
Cons
- Can be too complicated for beginners
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Pricing
(5)
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Market Access
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Online Platform
(5)
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Customer Service
(5)
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Research & Analysis
(5)
Overall
5Compare Saxo to other trading platforms below:
| Trading Platform | Markets | CFDs | Spreads | Futures | Options | DMA | Customer Reviews | More Info |
|---|---|---|---|---|---|---|---|---|
 | 13,500 | ✔️ | ✔️ | ❌ | ✔️ | ❌ | (Based on 124 reviews)
| See Platform 71% of retail investor accounts lose money |
 | 5,000 | ✔️ | ❌ | ❌ | ✔️ | ❌ | (Based on 16 reviews)
| See Platform 76% of retail investor accounts lose money |
 | 1,200 | ✔️ | ✔️ | ❌ | ❌ | ❌ | (Based on 86 reviews)
| See Platform 75.3% of retail investor accounts lose money |
 | 2,000 | ✔️ | ❌ | ✔️ | ❌ | ❌ | (Based on 144 reviews)
| See Platform* 80% of retail investor accounts lose money |
 | 10,000 | ✔️ | ✔️ | ❌ | ✔️ | ❌ | (Based on 257 reviews)
| See Platform 64% of retail investor accounts lose money |
 | 17,000 | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | (Based on 678 reviews)
| See Platform 71% of retail investor accounts lose money |
 | 12,000 | ✔️ | ✔️ | ❌ | ✔️ | ❌ | (Based on 148 reviews)
| See Platform 70% of retail investor accounts lose money |
 | 9,000 | ✔️ | ❌ | ✔️ | ✔️ | ✔️ | (Based on 73 reviews)
| See Platform 65% of retail investor accounts lose money |
 | 7,000 | ✔️ | ❌ | ✔️ | ✔️ | ✔️ | (Based on 934 reviews)
| See Platform 60% of retail investor accounts lose money |
 | 2,967 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 277 reviews)
| See Platform 61% of retail investor accounts lose money |
 | 2,100 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 136 reviews)
| See Platform 75% 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.
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