Saxo Markets Account Types

　　Saxo Markets offers a variety of account types tailored to meet diverse trading needs. The main accounts include:

• Classic Account
• Minimum Deposit: $10,000 (or £500 for UK accounts)
• Features: Access to over 35,000 markets including stocks, ETFs, options, and forex. Commissions start from $4 for stocks and $6 for futures.
• Leverage: Up to 1:30.
• Platinum Account
• Minimum Deposit: $200,000 (or £200,000 depending on location)
• Features: Tighter spreads starting from 0.8 pips and priority local language support. Commissions are lower compared to the Classic Account.
• Leverage: Up to 1:30.
• VIP Account
• Minimum Deposit: $1,000,000 (or £1,000,000)
• Features: Best prices and services, including a dedicated relationship manager and direct access to trading experts. Commissions start from 0.7 pips.
• Leverage: Up to 1:30.
• Professional Account
• Minimum Deposit: Varies; must meet specific criteria.
• Eligibility: Must meet at least two of the following: a portfolio exceeding €500,000, 10 significant transactions each quarter, or financial services experience.
• Leverage: Up to 1:66.
• Corporate and Joint Accounts: Available for institutional and family trading needs.

　　

Saxo Markets Broker Account Opening Process

　　Opening a Saxo Markets account is straightforward and can be completed online. Here are the steps:

• Select Account Type: Choose the appropriate account type based on your trading needs.
• Provide Personal Information: Fill out a questionnaire with details such as name, date of birth, address, and nationality.
• Verify Identity: Upload proof of identity (e.g., passport, drivers license) and proof of address (e.g., utility bill).
• Fund Your Account: Make the minimum deposit required for the selected account type.
• Start Trading: Once your account is verified and funded, you can begin trading using the Saxo trading platform.

　　For more details on the account types and the opening process, visit Saxo Bank.