Saxo Bank was created in 1992 and started an online presence in 1996. This saxo bank forex analysis service an international online investment bank. Currently, Saxo Bank has offices in over 25 countries.
This bank is one of the founding ECN brokers. Saxo offers a broad range of trading instruments that includes more than 30,000 instruments over 33 exchanges. Currently, Saxo Bank provides 4 distinct account types. These trading accounts range from classic to MT4. Saxo Bank provides a tight variable spread. The bank offers a spread that will remain fixed under regular market conditions.
In the current market, Saxo Bank provides over 160 currency pairs, tight spreads, and excellent liquidity. Saxo Bank offers 5 trading platforms that include an in-house designed trading platform. The Saxo Trader is the in-house designed platform for Saxo Bank. This platform is a dependable and consistent. The Saxo Trader allows grants access to more than 30,000 trading instruments. The Saxo Trader offers an enhanced trading experience with charting tools, account summaries, trade analysis, and trading options.
This bank has also designed an excellent web-based trading platform. Traders can access this platform and begin trading without downloading anything. Deposits and Withdrawals are both completed by credit card and wire transfer. There are currently no other options available. 21:00 in Central European Summer Time.
Saxo Bank has excellent customer service that is accessible via fax, live chat, and telephone. Currently, the bank does not use email for customer support issues. The bank also has a comprehensive FAQ section on the website. Traders may access this area to find answers to general questions and issues. Saxo Bank has strong and dependable safety regulations. This bank is regulated and authorized in various countries.
Saxo Bank implements strict regulations in order to meet the criteria of various governing parties. This bank is in compliance with all regulation and rules mandated by the FSA, the Danish Financial Supervisory Authority, the Swiss Federal Banking Commission, Banco de España, the Japanese Financial Service Agency, and the Monetary Authority of Singapore. Saxo Bank has a considerably low leverage ratio. The maximum leverage ratio allowed is 1:200. This ratio is inadequate in comparison to other established brokers in the market. There is currently no sign up bonuses or promotions.
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