Saxo Bank A/S
Saxo Bank is a Danish investment bank that combines liquidity from providers such as UBS and Deutsche Bank, covering major and minor currencies across each time zone and serving direct trading clients and indirectly serving clients through white label partnerships. Given its size, Saxo Bank’s capabilities are impressive, as they have access to over 120 currency pairs, including majors, minors and exotics, while quoting two pips on euro/dollar for up to € 20 million.
Saxo Bank offers a variety of professional trading and settlement services to financial institutions, banks and brokerages through their highly flexible online trading technology, including decimal pricing for tighter price control; over 100 FX currency crosses, with deep liquidity supplied by more than 10 of the major liquidity providers in the world; Continuous Linked Settlement (CLS) services; direct trading on live tradable prices; 3 free news feeds; advanced charting and analysis; stocks on margin (CFDs) from 18 exchanges and index-tracking CFDs; and over 100 online futures contracts.
- 24 Hour Customer Service: Yes
- CFDs: 10%
- Commissions: Yes
- Currencies Available For Trade: Saxo offers over 100 FX currency crosses.
- Demo Available: Yes
- Encryption: Yes
- Interest: Positive Net Free Equity between USD 15,001- USD 100,000 will be paid interest at LIBID minus 3% on the full amount. Positive Net Free Equity exceeding USD 100,000 will be paid interest at LIBID minus 2% on the full amount. Negative Net Free Equity will be charged interest at LIBOR plus 3%. Interest is calculated daily and settled monthly.
- Language Support: English, Chinese, French, German, Russian, Spanish.
- Margin Requirement/Leverage: FX products 2-4%
- Mini Forex Account: No
- Minimum Initial Deposit: $10,000 USD
- Products: ForEx, ForEx options, CFSs, CFD indices, Futures, Managed Funds & Stocks Regulated by Danish Guarantee Fund For Investors.
- Regulatory Restrictions: US investors can only utilize Forex spot, Forex OTC options, Saxo Bank Managed FX funds, spot gold and silver.
- Spreads: Low as 2 pips
- Software: Institutional Saxo Trader V.2, Saxo Trader and Saxo Webtrader (browser based)
- Note: US clients are requested to download the Forex version of SaxoTrader only.
- Trading Hours: Saxo Bank is open for Forex trading from 06:00 Monday Sydney local time (Sunday 19:00 GMT) to Friday 17:00 New York local time (Friday 22:00 GMT)
Address: Smakkedalen 2, 2820 Gentofte.
Denmark
Phone: +45-39-77-40-00
Fax: +45-39-77-42-00
E-mail: info@saxobank.com
URL: www.saxobank.com