Saxo Bank Minimum Deposit

Page Summary

The minimum initial deposit helps you decide which brokerage firm suits your needs best. Saxo Bank has a high minimum deposit fee, so it is recommended for active traders and professional investors.

Minimum Deposit Comparison

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

Fees & Funding Options

The minimum deposit at Saxo Bank is $2,000. The minimum deposit refers to the fact that you’ll have to transfer this amount to your brokerage account to start trading. The main funding options available at Saxo Bank are credit/debit cards and bank deposits.

Fees & Funding Comparison

Saxo Bank Swissquote TradeStation Global
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes No
Electronic wallets No No No

The average transfer time for bank transfers is 2 to 3 days. Credit/debit card funding is instant. The funding process at Saxo Bank is straightforward to perform.

Currencies

All brokerage accounts have a base currency. The number of base currencies at Saxo Bank is 26. You’ll have to pay a conversion fee if you transfer funds in a currency different from the base currency of your Saxo Bank account. The best choice is to save money on conversion fees with a multi-currency digital bank account.

Currencies Comparison

Saxo Bank Swissquote TradeStation Global
Number of base currencies 26 21 22

Sending The Minimum Deposit

Funding your Saxo Bank brokerage account is user-friendly. All you have to do is follow the steps below:

  1. Create a brokerage account;
  2. Verify your information;
  3. Log in to your account and select a funding option;
  4. Verify the funding transaction;
  5. Initiate the funding process.

Final Verdict

Saxo Bank is a professional online broker with a high minimum initial deposit fee. The funding process is straightforward. Read about the funding process at Saxo Bank in our in-depth reviews.

Saxo Bank compared to other brokers:


Disclaimer

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