Saxo won Best CFD Broker, at the Good Money Guide Awards 2024, as they have in the past, because they offer direct market access for trading contracts for difference (CFDs) on UK equities and global markets. Their platform provides low commissions and is a robust, institutional-grade trading solution.
62% of retail investor accounts lose money when trading CFDs with this provider
- Experts highlight Saxo as an excellent trading platform, particularly for experienced traders, due to its direct market access, low commissions, and robust platform. However, they caution that the complexity may be overwhelming for beginners, despite offering user-friendly apps for novice investors. Saxo has received multiple awards, including 'Best Investing App' and 'Best DMA/Professional Account' in 2024.
- Across 137 user reviews on Good Money Guide, averaging 4.2/5, customers frequently commend Saxo for its comprehensive market access, competitive pricing, and user-friendly platform. Many users appreciate the professional execution and extensive range of investment options available. However, some criticisms arise regarding payment processing issues and customer service challenges, particularly related to account registration and withdrawals.
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 across five key areas of our review framework.
- Pricing4.5
- Market Access5.0
- Online Platform5.0
- Customer Service5.0
- Research & Analysis5.0
Pros
- Direct market access
- Low commissions
- Robust trading platform
Cons
- Seen as a trading platform for professionals
- Have to subscribe for live prices
See full expert review
Our verdict
Saxo is an excellent investing and trading platform for those that who want institutional grade pricing, robust execution and wide market coverage as well as simple to use apps for beginners. Saxo was voted best investing account in the 2026 Good Money Guide Awards
62% of retail investor accounts lose money when trading CFDs with this providerIs Saxo Markets a good broker?
Yes, Saxo has a great choice of accounts for beginners with SaxoInvestor and for professionals, the more sophisticated SaxoTrader go provides direct market access. The pro platform, analysis, and direct market access may be too complicated for beginners. But, for experienced traders, its coverage, commissions and research are unrivalled.
Saxo is one of the largest investing and trading platforms worldwide and provides direct market access to equities, bonds, forex, futures and options as well as being a major liquidity and infrastructure provider to wealth managers, banks and smaller brokers.
Awards: Saxo won best investing app and best DMA/Professional account in 2024. Before that, in our 2023 awards, Saxo won 'Best CFD Broker', and 'Best DMA & Professional Trading Account'. In 2022 Saxo also scooped 'Best Bond Broker'.
Pricing: Commissions have just been reduced further making Saxo one of the cheapest brokers
Market Access: Saxo offers a huge range of markets for both derivatives trading and physical investing
Platform & Apps: Saxo has an industry-leading robust workhorse of a platform
Customer Service: Experienced dealers for active larger customers
Research & Analysis: Some of the best opinions on the markets around.
Plus, with Saxo posting its best financial results in history (with over $118bn customer funds on account) and now that it has been 70% bought out by J. Safra Sarasin Group, they will be in an even better position to continue to provide excellent market access. This, combined with founder Kim Fournais still owning 28% will keep the firm's customer-first ethos intact.
Overall, Saxo Markets is an excellent trading platform for retail traders and investors who want institutional-grade pricing, robust execution and wide market coverage.
Customer reviews
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.
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too big
too big
no thoughts
no thoughts
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uk
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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.