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Saxo Bank: Top Trading Platform for Forex Market Variety

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Although Saxo Bank necessitates $2,000 or more in upfront account funding; experienced traders can find leverage with 60,000+ symbols. 

Pros 
  • 22,000 available stocks 
  • 9,000+ different CFDs 
  • 6,900+ unique ETFs 
  • 0.005% stock trading fees
  • Phone and email support 
  • BTC, LTC, ETH, and Ripple trading 
Cons 
  • $2,000 account minimum
  • No live chat support 
Forex Market Variety: 5/5

Saxo Bank’s market variety is best-in-class. Retail investors can speculate on 9,000+ CFDs and 6,900+ ETFs spread throughout their 22,000 stocks.

You’ll also have the ability to buy, sell, or trade BTC, ETH, LTC, and Ripple in fractional increments.

Retail investors who wish to hold their positions over the long-term can explore 300+ futures from 28 global exchanges or hedge their bets with 4,500+ corporate bonds that account for 21 foreign currencies.

Between 22,000 available stocks and nearly 38,000 additional options, there’s almost nothing you won’t find here.


Commissions & Pricing: 4.3/5 

Before you register with Saxo Bank, you should be prepared to fork over $2,000 or more initially.

They don’t allow depositors who fund their accounts with less than $2,000 to begin trading, which could be off-putting for those not willing to stake much capital.

Once you’re able to get past this hurdle; you’ll enjoy fee-free crypto purchases and minimal stock trading commissions.

Stock, ETF, CFD, and Forex trades incur a fee of 0.005% per transaction, which remains on the lower end of the pricing spectrum.

Customer Support: 4/5

As an established Forex platform, Saxo Bank understands the importance of providing adequate customer service options. Their team is ready to help you 24/5 via phone call or email, but don’t expect to find a dedicated “live chat” button.

Thankfully, Saxo goes above and beyond the call of duty to provide real-time phone assistance without
requiring increased account funding.