Is Saxo Bank Good For Beginners?

Page Summary

Saxo Bank is a popular online broker with premium trading platforms. It has a transparent fee structure and top-tier trading tools. We recommend it for advanced traders, but it suits the needs of beginners, too.

Broker Comparison

Saxo Bank Swissquote TradeStation Global
Web platform score 5.0 stars 4.3 stars 4.5 stars
Mobile platform score 5.0 stars 4.7 stars 3.8 stars
Fees Average High Low
Account opening score 2.5 stars 4.0 stars 2.8 stars
Education score 4.5 stars 5.0 stars 2.5 stars
Customer service score 4.0 stars 4.4 stars 4.0 stars
Deposit and withdrawal score 4.8 stars 4.6 stars 3.5

This article discusses whether Saxo Bank is a good choice for new investors.

Saxo Bank & Beginner-friendly Services

We review online brokers based on 105 criteria. Our findings depend on many factors, including ease of access, platforms, and safety.

Saxo Bank has impressive tools and platforms tailored for professional investors. However, it offers access to beginner-friendly platforms with safe authentication. Saxo Bank also provides educational tools for beginners. The minimum deposit fee is $10,000, which might be too expensive for new traders.

Saxo Bank offers professional tools and platforms. It has some research materials and advanced trading videos. Saxo Bank offers one-on-one consultations with company fund managers.


Safety is an important aspect we review. Saxo Bank has top-tier licenses from the ASIC, FSA, FINMA, MAS, SFC, and FCA. It offers access to secure authentication methods and platforms.

Final Verdict

Saxo Bank is a popular online broker recommended for professional traders. It has easy-to-use trading platforms with premium features and tools. Read our in-depth reviews to discover more about Saxo Bank and its services.

Saxo Bank compared to other brokers:


eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

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