Saxo Bank Account Opening

Page Summary

The account opening process at Saxo Bank is user-friendly and fully online. Saxo Bank is a leading online broker for professional investors. It offers an impressive portfolio with web, desktop, and mobile trading platforms.

Account Opening Comparison

Saxo Bank Swissquote TradeStation Global
Rating 2.5 stars 4.0 stars 2.8 stars
Account opening time >3 days 1 day 1 day

This article discusses the Saxo Bank account opening characteristics.

Availability

The primary aspect to consider when selecting an online broker is availability. Saxo Bank is available in 15 countries, including the United Arab Emirates and the United Kingdom.

Requirements

Saxo Bank has transparent account opening requirements. To open a brokerage account with this broker, you’ll have to submit proof of identity and proof of residency. The process is fully digital and available on Saxo Bank’s website.

When registration is complete, you’ll have to pay a minimum initial deposit fee. Saxo Bank has a high minimum deposit amount of $2,000. Initial costs vary depending on the funding method you choose. Check our in-depth reviews to learn about the services available at Saxo Bank.

Minimum Deposit Comparison

Saxo Bank Swissquote TradeStation Global
Minimum deposit $2,000 $0 $1,000

Accounts

A secure and reliable online broker provides access to many account tiers. Saxo Bank has a versatile offer for traders at all levels of experience. The main advantage of trading with this broker is that its accounts are available in 26 different base currencies. Read our in-depth reviews to discover more about Saxo Bank accounts and fees.

Base Currencies Comparison

Saxo Bank Swissquote TradeStation Global
Base currencies 26 21 22

Opening accounts

Opening an account at Saxo Bank is fully digital and simple. You have to select a brokerage account, submit your personal information and proof of identity. After you review the information, you’ll have to sign a virtual contract. As soon as the broker checks your account, you will make the initial deposit and start trading.

Final Word

Saxo Bank is a top choice for professional investors who want a premium online trading experience. It has a straightforward account opening process. Read our in-depth reviews to discover more about Saxo Bank.

Saxo Bank compared to other brokers:

Disclaimer

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