The online bank Saxo Bank is engaged in investments

The online bank Saxo Bank is engaged in investments

The online bank Saxo Bank is engaged in investments
John Dou - 04/02/2020

Saxo Bank 

The online bank Saxo Bank is engaged in investments, including intermediary services on Forex, as well as many brokers for Poland.

Start year

1992

Place of registration

Limassol, Cyprus

Financial regulator

At the location of each branch

 

The broker received positive reviews for the registration data, although it was not without criticism. Traders in Poland positively assessed the term of the company, which can give guarantees against fraud and scam. Licenses of many financial regulators in various countries, issued to bank branches, can also serve as confirmation that they are not scammers. However, not all traders like the fact that the system of regulators is too ramified, for which the Forex broker received critical reviews.

 

Trading conditions

 Instead of a grid of trading accounts based on the difference in the minimum deposit, which brokers most often use for Poland, the bank provides customers with one account. It can have different levels of service, depending on the size of the deposit.

• leverage - up to 1:50;

• spreads - from 0.5;

• Trading platforms - SaxoTraderPRO and SaxoTraderGO;

• Service Levels:

o Classic - from $ 10,000;

o Premium - from $ 50,000, personal financial manager;

o Platinum - from $ 1,000,000, personal financial manager, expert advice;

The attitude of traders to the broker's trading conditions is variable. The broker earned positive reviews for a relatively small spread and single account. The absence of the need to open another account while increasing the volume of trade was perceived unambiguously positively. At the same time, for a large minimum deposit and a small leverage, the Forex broker received significant negative reviews - for many traders in Poland this combination is not suitable.

 

Customer Service Quality

The Bank provides services to its customers, the list of which is less than what brokers usually offer for Russia, but at the same time, all items are focused on trade success:

• support service working during trading hours;

• analytical materials;

• educational materials;

• Free Saxo Academy Online Courses.

The opinion of traders on the quality of service in the bank is mixed. Some of them publish messages about the poor-quality service that the broker provided - reviews by these authors contain complaints about the speed of support work. But at the same time, the Forex broker earned positive reviews for the work of the same support service, as well as the quality of training. It is possible that such a variability of opinions depends on the particular branch of the bank. But this is also impossible to affirm - the authors did not indicate in which particular branch they are served.

Quality and settlement procedure

Of the whole range of settlement methods used by brokers for Poland, the bank settled on the most traditional and reliable:

• bank cards;

• bank transfers.

Evaluations by traders of the convenience and honesty of payments do not contain a significant number of messages about a divorce or scam. True, while the number of evaluating posts is generally small. This is not to say that the broker earned reviews with criticism - neither the speed nor the completeness of payment of the comments caused. At the same time, it will be incorrect to say that the clients were vigorously approved by the way the Forex broker is calculated - positive reviews come down to the fact that the company is not scammers. They do not contain any specifics about the volume and speed of payments.

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