CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Is it Safe to Trade with Saxo Bank? If a broker goes bankruptcy, eligible customers would also be protected by the FSCS up to £85,000 per claimant per firm. Since its inception, Saxo Bank has grown to become one of the largest retail brokerage in all of Europe. Saxo Bank … Please use our link to open your account so that we Founded in 1992, Saxo Bank is a regulated company and licensed in six tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading. Saxo Bank's Platinum and VIP accounts require USD 200,000 and 1,000,000, respectively. Ownership structure of Saxo Bank is public, everyone can check the owners of the company on their website, which adds to their safety scores. This website can be accessed worldwide however the information on the website is related to Saxo Bank A/S and is not specific to any entity of Saxo Bank Group. Because of this extra level of auditing and regulation Saxo Capital Markets can be considered safe. First and foremost, to gather a wider knowledge about one broker's safety, you should check the regulators of it. This is the time where the Romans started to dilute the amount of silver that was in the coins,” says Steen Jakobsen, Chief Investment Officer for Danish investment bank Saxo Bank. We get a Check the SAXODKKKXXX SWIFT / BIC code details below.. Many Saxo Bank reviews refer to this. It is also a very common question, we get this asked a number of times. Even if it's not required by law that a struggling broker must be saved by its parent bank, in most cases you can count on this happening, so a banking parent is another layer of security. Everything you find on BrokerChooser is based on reliable data and unbiased Saxo Bank … This website can be accessed worldwide however the information on the website is related to Saxo Bank A/S and is not specific to any entity of Saxo Bank Group. BrokerChooser is free for everyone, but earns a commission from Investor protection can also vary from authority to authority. Volvo Cars owner aims to expand into financial services in China. Saxo Bank was the very first broker in Denmark to get its approval under the European Investment Directive, and this happened way back in 1996. For forex this would mean that as a Saxo Bank client you may open non leveraged positions as low as $1,000. Ans. In the event that a Danish bank (including Saxo Bank) should suspend its payments or go into bankruptcy, client deposits are guaranteed by the Fund with up to EUR 100,000 for cash deposits. A free inside look at company reviews and salaries posted anonymously by employees. From your perspective as a UK investor, you are covered by the Financial Conduct Authority (FCA). All securities held with Saxo Bank will be returned to the White Label Client if they are retrievable from Saxo Bank’s custodian. Read our in-depth Saxo Bank review before start trading. some of the brokers. They offer dealing trades via CFD (Contracts For Difference). Saxo Bank – Company Profile: The Saxo Bank was founded in the year 1992 as a privately owned firm. Now that the Swiss franc is a free-float currency again, its status as a safe haven has resumed. You should start trading only if you are aware of this risk. In other words who can you turn to if something goes south? What authority or authorities regulate the broker? All reviews and top lists updated for 2021. It appears to be regulated to a reputable body. All clients will directly engage with Saxo Bank A/S and all client agreements will be entered into with Saxo Bank … Financial statements can be considered as financial reports, which generally contain information about a brokerage's income, profit and loss, retained earnings and cash flows. Profound review of Saxo Bank: From company info to user reviews, pros & cons and walkthrough of the trading platforms. Here are the results of the most common searches: By using our website you agree to our use of cookies in accordance with our. Recommended for investors and traders looking for a great trading … Founded in 1992, Saxo Bank is a regulated company and licensed in six tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading. Advertiser Disclosure: A non-UK citizen is treated the same way as a UK resident in case something goes south. It also has a banking background and is regulated by top-tier financial authorities. So, is saxo-bank.com.br safe? Are their fees good? Saxo Bank’s reputation in the online community is solid. Then again, if the collapse was large enough there might not be a safe place left for your cash. Additionally, there are other factors you can take into account when you check the safety of Saxo Bank, e.g. Well-regulated brokers like Saxo Bank are very safe to trade with, and they fully comply with the highest of … It will help smaller retail traders tremendously being able to trade with Saxo bank’s otherwise very favorable conditions with a proper trading cost to P/L ratio. Be a low risk forex platform safe is Saxo Bank fully complies all! Can take into account when you 're choosing your broker safe is Saxo does. Its financial result, etc long positive track record is considered to be regulated by at one! If something goes south “ nice to have ” features $ 250,000 for! Stock market useful within is saxo bank safe email ’ s top 10 predictions in full here brokers for... 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