Is Saxo’s trading platform any good?

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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 Markets 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.

Unlike more retail-based trading platforms where CFD commissions are built into the spread with Saxo Markets, 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.

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.

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.

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.

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.

Overall, Saxo Markets is an excellent platform for experienced traders.

Saxo Markets Trading Platform

In the Saxo TraderGo review, we look at the main functionality of the key platform features. This includes asset coverage, research and analysis, and account tools. You can see all of our broker platform reviews and compare CFD brokers here. The video review was originally recorded in 2018, but as the platform is so well established it hasn’t actually changed much.

The main review is on the desktop versions. But as more and more trading volume goes through on mobile these days. We’ve also added an overview of how the platform performs on iPad and iPhone.

The desktop version in this Saxo TraderGo review has the narrative and is the most in-depth at around 15 minutes where we go into the most detail.

We think we’ve covered the salient points. But if there is a specific aspect of the platform like equity stock options (which we only touched on briefly) that you would like covered just let us know.

Finally, the iPad version has slightly fewer features and the mobile Saxo TraderGo version is pretty thin. So for both iPad and iPhone Saxo Trade Go reviews we’ve just gone through the motions. There is no sound or narrative (just to give you an idea of the look and feel).

If you have used the Saxo TraderGo platform let us know what you think. Most traders don’t fully utilise the features of most trading platforms.

Compare Saxo to other trading platforms below:

Trading PlatformMarkets AvailableMinimum DepositGMG RatingMore InfoRisk Warning
City Index Forex Trading13,500£100
(4.3)
See Platform69% of retail investor accounts lose money when trading CFDs with this provider
Pepperstone Forex Trading1,200£1
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See Platform75.3% of retail investor accounts lose money when trading CFDs with this provider
Spreadex  Forex Trading10,000£1
(4.3)
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Plus500 Trading Platform2,000£100
(4.2)
See Platform80% of retail investor accounts lose money when trading CFDs with this provider.
IG Forex Trading17,000£250
(4.3)
See Platform70% of retail investor accounts lose money when trading CFDs and spread bets with this provider.
CMC Markets Forex Trading12,000£1
(4.2)
See Platform68% of retail investor accounts lose money when trading CFDs with this provider
Saxo Markets Forex Trading9,000£1
(4.4)
See Platform65% of retail investor accounts lose money when trading CFDs with this provider
Interactive Brokers Forex Trading7,000£1
(4.4)
See Platform62.5% of retail investor accounts lose money when trading CFDs with this provider
eToro Forex Trading2,976$50
(3.6)
See Platform51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Forex.com Trading Platform5,000£1
(4.2)
See Platform69% of retail investor accounts lose money when trading CFDs with this provider.

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