The world of trading can seem daunting for beginner investors, so it’s important that a broker offers easy-to-use platforms and comprehensive educational resources. Saxo’s trading platform suites are user-friendly, and the company provides a variety of webinars and videos for new traders. URL https://www.theinvestorscentre.co.uk/reviews/saxo-review/

The brokerage also has an extensive selection of investment products, including ETFs, bonds, and mutual funds (which help to diversify a portfolio), as well as forex, futures, and options. Saxo’s trading costs are competitive, though it is not the cheapest option for futures trades ($3 for Classic accounts and lower for Platinum and VIP accounts). In addition, Saxo charges a fee to hold assets in an account (0.2% for Classic accounts and 0.05% for Elite), whereas competitors like Hargreaves Lansdown charge nothing to hold assets in an account.

Saxo Trading Review: Analyzing Saxo Bank’s Trading Platform

Traders can take advantage of the brokerage’s research tools, which include an economic calendar, market news from Dow Jones, and pattern recognition analysis from Autochartist. The company also has a number of educational videos, and its Insights section includes market analysis articles from the Saxo Strategy team. The Insights articles can be filtered by analyst and asset class, and the site also features Thought Starters, which are short videos that cover trading concepts. Saxo’s mobile app, SaxoTraderGO, is a great choice for traders on the go, as it supports all of the trading features found in its web platform. The app also features a robust learning center, and I counted 41 platform video tutorials that range from 5 to 20 minutes in length.