Saxo Bank was established in 1992 in Copenhagen, Denmark. In 2001, Saxo Bank began to involve in online forex trading. This review will discuss about kind of trading, capital, leverage, spread, swap, trading platform, account opening, deposit and withdrawal operation, bank guarantee, customer support, partnership, and trading
varieties. In this forex broker, you can trade mini forex and standard forex. The minimum capital to start trading forex in Saxo Bank is $2000 (mini forex) and $10,000 (standard forex). Saxo Bank provides the leverage up to 1:100. The spread in this forex broker is quite interesting; begin from 3 pips in major currency. Saxo Bank charges the rollover rates or swap if you trade over the value date.

This forex broker use the trading platform called SaxoTrader 2. Saxo Bank stated that SaxoTrader 2 trading platform has exciting features and tools to help you trade more effectively. There are two types of account in this forex broker, private and corporate account. You can apply online registration to open both private and corporate account in this forex broker. Deposit and withdrawal operation in Saxo Bank only can be fulfilled by bank wire. Saxo Bank did not mention about the Bank Guarantee on their website. You can contact Saxo Bank’s customer support by email or phone. Saxo Bank also provides toll free line for those who want to call from over 30 countries.

Saxo Bank offers the opportunity to be this forex broker’s partner as IB and white label partnership. Not only forex trading, in Saxo Bank you can also do stock, CFD, futures, and spot gold and silver trading. Saxo Bank seems to be the reliable forex broker because of their old age (since 1992). However, this forex broker seems more appropriate for professional and experienced forex trader because this forex broker’s minimal capital is quite large ($2000 for the mini account). For more details, have a look at Saxo Bank ratings on our forex broker ratings section.