Saxo Stock Forex Broker keeps up-to-date with the latest trading account information, including PREMIUM, MICRO, STANDARD maximum leverage of 1:100, trading varieties, and more
Rating Index
Pros
Wide range of financial instruments available, including stocks, forex, futures, and options.
User-friendly trading platforms with advanced tools and research capabilities.
Regulated by multiple top-tier financial authorities, providing a secure trading environment.
Cons
Higher trading costs compared to some competitors, which may deter frequent traders.
Cumbersome deposit and withdrawal processes, with potential delays in fund transfers.
Limited customer support availability, particularly during weekends and off-hours.
Saxo Stock broker Accounts
PREMIUM
MICRO
STANDARD
Saxo Account Types
Saxo offers a variety of trading account types to cater to different trading needs and preferences. The main account types include:
- Saxo Classic Account
- Best for: Casual traders
- Minimum Deposit: No minimum deposit required
- Commissions: Floating spread from 0.9 pips
- Leverage: Up to 1:30 (depending on regulatory framework)
- Markets: Access to over 60,000 assets including forex, stocks, ETFs, bonds, and more.
- Platforms: SaxoTraderGo, SaxoTraderPro
- Saxo Platinum Account
- Best for: Traders seeking tighter spreads
- Minimum Deposit: $200,000
- Commissions: Spreads from 0.8 pips
- Leverage: Up to 1:30
- Markets: Same as Classic Account
- Platforms: SaxoTraderGo, SaxoTraderPro
- Saxo VIP Account
- Best for: High-volume traders wanting the best prices and services
- Minimum Deposit: $1,000,000
- Commissions: Spreads starting from 0.7 pips
- Leverage: Up to 1:30
- Markets: Same as Classic Account
- Platforms: SaxoTraderGo, SaxoTraderPro
- Saxo ISA Account
- Best for: Tax-free profits
- Minimum Deposit: $500
- Commissions: From $0.01 per share (minimum $3)
- Markets: 11,000+ assets including stocks, ETFs, and bonds
- Platforms: SaxoTraderGo
- Saxo Joint Account
- Best for: Family members
- Minimum Deposit: $50,000
- Commissions: Spreads from 0.7 pips
- Markets: Same as Classic Account
- Platforms: SaxoTraderGo, SaxoTraderPro
- Saxo Corporate Account
- Best for: Institutional traders
- Minimum Deposit: $100,000
- Commissions: Spreads from 0.7 pips
- Markets: Same as Classic Account
- Platforms: SaxoTraderGo, SaxoTraderPro
- Saxo Professional Account
- Best for: Professional traders
- Minimum Deposit: $2,000 (specific criteria must be met)
- Commissions: Up to 30% lower prices
- Leverage: Up to 1:66
- Markets: Same as Classic Account
- Platforms: SaxoTraderGo, SaxoTraderPro
Visit the Saxo Website: Go to Saxo's official website and click on "Open Account."
Choose Account Type: Select the account type that best suits your trading needs from the available options.
Fill in Personal Information: Provide necessary details such as name, date of birth, email, and address.
Verify Identity: Submit documents for identity verification, which typically include a photo ID and proof of address.
Complete Financial Information: Fill out information regarding your employment status, income, and net worth.
Select Account Currency: Choose the currency for your account, which will impact your trading and conversion rates.
Review and Submit: Carefully review all information and submit your application.
Account Approval: Wait for approval, which usually takes a few days. You will receive a confirmation email once your account is approved.
Fund Your Account: After approval, fund your account using your preferred method (bank transfer, etc.) to start trading.
Start Trading: Once your account is funded, you can begin trading on the Saxo platform.
Saxo Broker Account Opening Process
Opening an account with Saxo is a straightforward process that can be completed online. Here are the steps to follow:
Saxo Stock Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.