SAXO BANK Review
Have you ever dream to become a trading professional? With SAXO BANK it is possible. Founded in 1992, it was first founded as a brokerage company. SAXO BANK also provides banking, investment and trade facilities. It is currently working in many economically strong areas like Middle East, Far-East, Asia and France. It has faithful investors from almost 200 countries. Their turnover rate is more than $15 billion. The secret of SAXOs victory is its e-trading and e-invest strategy. The large number of users in almost 200 countries has made it a reliable institute. Making its name as the best trading provider, SAXO truly has given a sense of security for the future investors.
To whom SAXO serve?
SAXO provides its services for investors, traders and institutional clients in more than 20 offices and in 20 languages. Providing superior service and technology, offering 100 liquidity portals for different people. The vision behind SAXO BANK trading was to equip people with a professional trade experience. All you need is one account and you will become a pro trader opportunity. SAXO Bank operates in a cross-asset, multi-currency environment and thus provides ample room to play around with. This also means that all sorts of online trader use SAXO Bank for their online business activities. SAXO Bank handles millions of transaction every single day and whoever you are, you will find some space to play with in the SAXO Bank online trading world.
How to use SAXO Bank’s online services
SAXO Bank online services can be accessed through multiple platforms. Whether you are using your smartphone or are in an office environment using your Windows and Mac desktop machine, you will be able to get access to the complete set of features of SAXO Bank online trading. Their trading tools provide live graphs, specially designed indicators and automated detection of certain patterns of trading. All of these tools are extremely useful for any working in the dynamic environment of online trading.
SAXO Bank’s product named SaxoTraderGo is an extremely powerful tool that helps you get access to literally thousands of tradable instruments. It allows the same account to be operated from multiple devices that are running different operating systems. The same account will work in real-time of all your devices, which is pretty awesome for the most active and agile traders. SaxoTraderGo provides live newsfeed which is essential for dynamically changing environments. Support for SaxoTrader Go is five days a week, round the clock.
SAXO BANK Regulation
Licensed bank and regulated under EU and Danish financial regulators SAXO Bank has the best reputation amongst its peers. The bank has its headquarters in Denmark. SAXO operates in more than 20 worldwide destinations and hence has an extremely solid financial strength compared to the new comers in the market. This also means that this multinational organization has strict rules and follows the regulation and laws of all the jurisdictions that is operates in. There may be some specific changes in the operational part of its processes, but the main trading business remains the same throughout the world.
SAXO Bank Trading Accounts
SAXO mainly operates two types of trading accounts. The specific details of the two types of accounts are given in the table below.
As you can notice, the only change in the two account types are in the spreads. The remaining details of both account types are the same. SAXO offers fixed spreads as well as variable spreads. You would also notice in the table that SAXO Bank provides leverage up to 1:100 thus putting the maximum limit at a fairly stable point. Higher leverages can result in greater risk and that is why SAXO Bank has placed a reasonable maximum on leverage.
Payment Options for Clients
SAXO offers the widest range of possible deposit mechanisms. You can use the standard credit/debit cards or the good old bank wire. Many newer methods like Skrill are also supported. Moreover, stocks can be added as payment options too, which is pretty neat for online traders who are constantly buying and shedding their stocks.
Final Remarks and Summarization
If you are looking for the biggest and most stable investment partner for online trading, SAXO Bank should be your first choice. Not only does SAXO Bank provide the widest range of financial services, it is also the most stable player in the international arena. This means that market changes and global financial trends are less likely to harm SAXO Bank trading partner compared to the smaller online brokerage firms. SAXO has the size advantage and currently it deals in more than 20 territories worldwide. With an impressive portfolio of billions of dollars, SAXO Bank is way too big to fail you. There is a reason why SAXO Bank leads the online trading market. So be smart and invest in SAXO Bank trading for maximum benefits and minimum risk. Isn’t this what all online traders dream of?