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.
Saxo 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.
Saxo 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
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.
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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.
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