Saxo Broker Review

Saxo Broker Review

The broker operates on Saxo Broker Review proprietary platforms that handle all assets and all trading instruments. The SaxoTraderGO platform is the most powerful of these, enabling sophisticated traders to control their own risk with stop-loss and limit orders, while allowing advanced users to set prices for slippage (although this can affect execution speed).

On its lower-end platform, SaxoInvestor, the firm has made an effort to offer more user-friendly options to less seasoned investors. Investors can access stocks, ETFs, mutual funds, bonds, and even managed portfolios that are based on an investment strategy correlated to their level of risk. The portfolios can also be terminated at any time, without supplementary fees.

Saxo Broker Review: Features, Fees, and User Experience

Another highlight is the broker’s ability to trade ETFs in a customer’s native currency, a feature not available on other popular platforms like eToro. Saxo offers this feature to save on currency conversion costs and avoid complication with FX swaps.

In terms of fees, Saxo is very competitive with both VIP and Platinum account holders paying around the industry average for major currency pairs, while Classic accounts pay slightly higher. In addition, the broker pays interest on cash balances, which is a nice touch. Research is also a strong point for Saxo, with the company offering a diverse range of quality content in several formats, including articles, videos and podcasts. Moreover, the brokerage has ramped up its production of theme-based research content and educational videos, which helps it stay ahead of competitors in this area.