Saxo Bank

Saxo Bank was founded in 1992 by Co-CEOs Lars Seier Christensen and Kim Fournais. It was among the first financial institutions in the world to develop an Internet-based information and investment trading platform. From the outset, the Bank emphasised technology as a vital element for being competitive in the online trading industry. With a worldwide client base, Saxo Bank has been recognised for the excellence of its technology and the services it provides.

A fully licensed and regulated European bank, Saxo Bank has built a global base of individual retail clients, corporations and financial institutions from its headquarters in Denmark and numerous regional offices. Since receiving European bank status in June 2001, Saxo Bank has positioned itself as a leading player in online trading thanks to its superior client service, competitive pricing and its focus on developing industry-leading trading platforms.

Saxo Bank is a fully regulated specialist in investment and trading services catering to investors and institutional clients. Using SaxoTrader, SaxoWebTrader and SaxoMobileTrader, the award-winning, multi-asset online platforms, clients all over the world can trade FX, CFDs, Stocks, Fixed income, Futures, Commodity CFDs, ETFs, Options and other derivatives.

Saxo Bank has a proven track record and is a trusted partner to licensed financial institutions. Its white label partner programme combines the Bank's technology, resources and liquidity with our partners' local market knowledge, regional expertise and language skills. By using Saxo Bank's technology, large institutional banks and smaller brokers, can offer their clients the best trading platform without investing in developing their own IT solutions.

Saxo Bank is an experienced and reliable partner for more than 250 Introducing Brokers all over the world. Catering to money and portfolio managers, Saxo Bank provides a trusted brand and the perfect set-up for all those who trade on behalf of clients, as well as brokers with self-trading clients and, of course, those who offer both options.

Working with Saxo Bank opens the door to new business development opportunities. This can help the Introducing Brokers grow and accelerate the product range they offer, as well as increasing their client base and improving trading performance.

One of the main advantages offered by Saxo Bank to regulated wholesale clients is a white label solution. It is built around a customised version of Saxo Bank’s trading platforms branded under the partner’s name. Saxo Bank offers the technology, the knowledge and the complete infrastructure to enable the Bank’s partners to enter or expand their range in the online trading market.

It's a crime to call this company a bank. What makes things worse is Danish government is protecting Saxo bank on all the ripping off they do. You are absolutely helpless. They are worse than the second hand car dealers. If you want to lose your money and like to get treated like a piece of dirt when you point out their unethical behaviour this is the ideal place to do trading.

Terrible when it comes to news time. The spreads are too wide and slippage on stop orders is ridiculous. I placed identical trades on Saxo and on IFX and when the positions were closed, Saxo gave me a 1 pip profit while IFX gave me the full 20 pips.

From Saxo: "Dear xxxxx,
We have changed your trades on GBPJPY and GBPUSD as these trades were speculative and done after an announcement. We see speculative trades after announcements as illegal and would advise you to stop this behavior immediately. Otherwise we would need to take further action.
Best regards,
Erdal"
Scam pure and simple ...they will skin you alive.

Not reliable. System jam when during figures night and unable to get out even when running on decent computer spec and bandwith. Stop loss trigger not professional.