62% of retail investor accounts lose money when trading CFDs with this provider
- Good Money Guide experts commend Saxo Trading Platform for its robust and professional trading capabilities, highlighting its direct market access and competitive pricing as significant advantages. The platform is particularly well-suited for experienced traders, offering a wide range of instruments and advanced analytics, although it may be complex for beginners.
- Across 137 user reviews on Good Money Guide, averaging 4.2/5, customers frequently praise the platform's user-friendly interface, extensive market access, and excellent customer service. However, some users express frustration with payment processing issues and the complexity of certain features, indicating a mixed experience for less experienced traders.
Saxo Trading Platform 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 Platform across five key areas of our review framework.
- Pricing5.0
- Market Access5.0
- Online Platform5.0
- Customer Service5.0
- Research & Analysis5.0
Pros
- Professional trading platform
- Direct market access
- Futures & options
Cons
- Can be too complicated for beginners
See full expert review
Our verdict
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.
62% 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?
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
4/5
Pros:
Good research information
Cons:
Give a far better customer service experience
3/5
Pros:
Offer options calls
4/5
Pros:
Good choice of research tools
5/5
Pros:
Spreadbet and options trading
1/5
Pros:
Nothing.
Cons:
Not sure - don't really use them much, plan on closing account.
4/5
Pros:
Fx forwards
Cons:
Fx forwards
3/5
4/5
Pros:
safety
Cons:
no thoughts
3/5
5/5
4/5
4/5
3/5
Pros:
N/A
Cons:
Customer service and trading costs
4/5
Pros:
Scale
Farhang @ 04/17/2020 03:26
The platform is difficult to use, one has to have Demo platform for month to be able to use the platform, on line or web platform. Customer service us OK but it seems they don't know much about the banks they are associated with. I tried to transfer funds from USA but their associated Deutsche Bank declined funds and no body knew why SAXO account is not active in Deutsche Bank. I hope they start to understand and offer MT4 as 3rd part platform where traders are comfortable with, and take a look at their Bank accounts in US for fund transfer. This would be very unprofessional that a bank says Saxo has no active account with us.
James Taylor @ 09/14/2018 09:34
Very easy to use, the best trading platform out there today. 10/10
Pietro Carlucci @ 09/13/2018 11:57
Very happy with Saxo - the platform does everything I need it to do. Pro platform is on a different level to other platforms. Use them for both trading and investment purposes.
Professional company with professional staff who know what they're talking about.
Compare Saxo to other trading platforms below:
| Trading Platform | Markets | CFDs | Spreads | Futures | Options | DMA | Customer Reviews | More Info |
|---|---|---|---|---|---|---|---|---|
 | 13,500 | ✔️ | ✔️ | ❌ | ✔️ | ❌ | (Based on 125 reviews) | See Platform 69% of retail investor accounts lose money |
 | 5,000 | ✔️ | ❌ | ❌ | ✔️ | ❌ | (Based on 21 reviews) | See Platform 74% of retail CFD accounts lose money. |
 | 1,200 | ✔️ | ✔️ | ❌ | ❌ | ❌ | (Based on 110 reviews) | See Platform 73% of retail investor accounts lose money |
 | 2,000 | ✔️ | ❌ | ✔️ | ❌ | ❌ | (Based on 146 reviews) | See Platform* 76% of retail investor accounts lose money |
 | 10,000 | ✔️ | ✔️ | ❌ | ✔️ | ❌ | (Based on 272 reviews) | See Platform 61% of retail investor accounts lose money |
 | 17,000 | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | (Based on 746 reviews) | See Platform 70% of retail investor accounts lose money |
 | 12,000 | ✔️ | ✔️ | ❌ | ✔️ | ❌ | (Based on 237 reviews) | See Platform 69% of retail investor accounts lose money |
| 9,000 | ✔️ | ❌ | ✔️ | ✔️ | ✔️ | (Based on 137 reviews) | See Platform 62% of retail investor accounts lose money |
 | 7,000 | ✔️ | ❌ | ✔️ | ✔️ | ✔️ | (Based on 1,375 reviews) | See Platform 59.7% of retail investor accounts lose money |
 | 2,967 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 283 reviews) | See Platform 61% of retail investor accounts lose money |
 | 2,100 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 139 reviews) | See Platform 74% 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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