Trade financial instruments with Saxo Markets
- Invest using award-winning trading platforms
- Open a VIP account and enjoy best prices, priority support and exclusive event invitations
- Access 19,000+ stocks
- 24-hour customer service
Established in 1992, Saxo Bank provides an online platform to trade stocks, shares, contracts for difference (CFDs) and foreign exchange (forex). It’s designed for both new and experienced traders. By providing access to global financial markets, cutting edge technology and industry-leading expertise, Saxo aims to equip ordinary investors with the same tools as professional traders and fund managers. Find out more about what it offers, what you can invest in and some pros and cons of Saxo below.
Saxo’s aim is to provide everyday investors with the necessary tools, transparency and information to make educated, reliable and quick trades and investments online. It currently provides two award-winning online platforms that have risk management tools, the ability to make trades quickly and a 24/5 support centre to help deal with your problems and enquiries.
There are two different Saxo accounts, Saxo TraderGO and Saxo TraderPro. The former account is for day to day investors, while the Pro account is for professional investors. We’ve detailed some of the features of each account below.
Saxo TraderGO is suitable for investors on the go. Some features include:
Saxo TraderPro is designed for professional investors. Some benefits include:
|Investment type||Available with Saxo?|
If you’re not sure what some of these financial instruments are, we’ve explained them in more detail below:
Saxo Markets has grown a reputation as one of the most respected names in online trading and investment.
Saxo Markets UK Limited is authorised by the Financial Conduct Authority (FCA) and is bound by its rules and regulations in the conduct of investment business.
Your investments are also covered by the Financial Services Compensation Scheme, so if Saxo Markets were to go into liquidation, you could claim up to £85,000 in compensation.
Saxo Markets has loads of different accounts available, depending on what you’re looking for in an investment account. We go into more details about what each account offers below.
This account is Saxo’s general investment account. You can use it to access both Saxo TraderGO and Saxo TraderPro platforms. Most people choose to go with a general investing account if they have used up their ISA allowance for the year, which enables them to trade up to the annual allowance (£20,000 for the 2021/2022 tax year) without paying tax on any profits. Once you’ve hit your allowance, you can’t invest any more money into an ISA in that tax year. You can read about Saxo’s ISA below.
Saxo’s corporate account gives you access to the same instruments as the personal account, but you also get dedicated one-on-one support from one of its expert account managers.
You must already have a corporate bank account and deposit at least £100,000. You’ll also need to provide the following documents:
You also need copies of these documents for each beneficial owner with a 25% or greater company holding and each company director:
Individual savings accounts (ISAs) are a great way to invest, as you don’t pay tax on any profits you make on investments up to your annual allowance (£20,000 for the 2021/2022 tax year).
ISAs with Saxo host a wide range of benefits that include:
Setting up a stocks and shares ISA with Saxo Markets is simple and easy to do. You must:
After this, simply visit the Saxo Markets website or apply by phone and set up your ISA.
Saxo’s joint account lets you create an account with a family member. You can invest together, having the same access to the product ranges as you would with an individual account.
Your family member must be first-line, such as spouses, siblings, parents and children and all applicants need to be at least 18 years old.
If you’ve got appropriate experience, you might be able to classify yourself as an elective professional to waive regulatory protections that are on the standard account.
To qualify, you must meet at least 2 of the following criteria:
There are protections applied to your Saxo account automatically that are in place to protect those with less experience in investing. By applying for elective professional status, you waive these protections.
The SIPP allows you to invest in your future. It is approved by HM Revenue and Customs and is designed for investors who want full control over their investment strategy. You have the flexibility to choose which asset classes your pension is invested in.
Benefits of Saxo’s SIPP include:
There are three account tiers, each with benefits. You are placed into a tier based on how much funding is in your account.
Minimum funding: £500
Minimum funding: £200,000
Minimum funding: £1,000,000
|Commodities||From US$1 per lot|
|ETFs||From US$3 on US listed ETFs|
|Futures||From US$1 per lot|
|Listed options||From 0.85% per lot|
Saxo Markets is a pretty nice all-rounder. It’s got every product under the sun and is widely respected in its field, which gives you a bit of peace of mind when investing. It has a wealth of information to help you invest, such as market analysis, webinars and latest news.
The minimum investment is £500, which is quite high for beginners, and unless you’ve got a great deal available to invest (we’re talking more than £200,000) then you don’t have access to the higher tiers, which offer a reduced price.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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