Saxo Bank Spread Betting

Saxo Bank Spread Betting

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Home » Broker » Fees and Spreads » Saxo Bank Fees and Spreads
Rated #60 of Recommended FX Brokers
Saxo Bank commissions are charged, depending on the financial instrument traded, with spreads from 0.6 pips. Saxo Bank does not charge deposit fees or withdrawal fees. Saxo Bank also charges an inactive fee of $100.
Finding a reputable list about Saxo Bank Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.
Saxo Bank’s spreads start from 0.6 pips EUR/USD.
Both the spread list and the commissions that Saxo Bank charges are transparent and detailed for each account as well as a trading instrument. Spreads that traders can expect are as follows:
The following commissions are charged, depending on the financial instrument traded:
When trading financial instruments such as forex, traders can often expect that overnight fees or swap fees will be charged when positions are held for longer than a trading day.
Saxo Bank does not offer the option for an Islamic Account. In addition, traders must familiarize themselves with the various margin requirements before they enter into a position.
Saxo Bank does not offer spread betting and thus spread betting fees do not apply.
Rated #60 of Recommended FX Brokers
Saxo Bank does not charge deposit fees or withdrawal fees. There are, however, numerous other fees that traders must take note of such as:
You might also like: Saxo Bank Demo Account
You might also like: Saxo Bank Account types
You can trade the following financial instruments:
Yes. Traders have access to leverage up to 1:66.
You can expect spreads that start from 0.6 pips EUR/USD on the VIP Account.
Yes. Depending on the trading account the trader uses, and the financial instrument traded, traders will be subjected to the following commissions:
Yes. Saxo Bank is regulated by FSA, FCA, MAS, FINMA, FSA, SFC, and ASIC.
No. Saxo Bank only caters to traders who are advanced or professional traders.
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Competitive spreads and commissions
Deposit fees and withdrawal fees are not charged
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Saxo Bank Migrates Its Spread Bet Offering over to Capital Spreads, LCG

Friday, 20/03/2015 | 19:58 GMT
by
Adil Siddiqui
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Saxo Spreads, the firm’s spread betting division, issued a notification to clients today informing them that it was withdrawing its services and migrating the business over to Capital Spreads. Saxo entered the space in 2009 after financial markets benefited from a post-2008 recession boost in volumes. However, with an overall decline in the number of active traders in the region, the firm has decided to withdraw its service.
Saxo Bank was unavailable for comment.
In the note the firm stated: “From 28th March 2015 your Saxo Spreads account will move to Capital Spreads.”
The firm’s website has not been updated and still displays the Saxo Spreads brand, however, upon applying for a new account the page redirects to the Capital Spreads website.
The firm was using services provided by spread betting specialist, London Capital Group, under the Capital Spreads brand, a trading name of LCG. Clients have been advised on how they can continue to use the services offered by Capital Spreads, however an option to close the account has also been provided. The email was sent by James Watts, Head of Partnerships.
Saxo entered the market in 2009, according to the FCA register it received its appointed representative license under the banner of LCG on the 29th of January, 2009. The firm offered a range of instruments including, rolling and futures stock indices, commodities, bonds, single stocks and FX. The firm offered competitive pricing on instruments, with spreads on the FTSE quoted as 1 pip, during UK trading hours.
Saxo Bank was the latest provider to issue its annual earnings data , the firm like its peers, showed positive earnings for the year-end 2014 with both net profits and client deposits, in the green. In its annual report, the firm commented on its futures, plans among other topics, it said: “Saxo Bank expects to continue the on-going development of its traditional trading business. The focus remains on clients, efficiency, profitability and optimisation of the entire value chain.
With a close eye on overall cost development, Saxo Bank will continue its investments in products and platforms. At the same time, system enhancements and knowledge upgrades are expected within the Bank’s core business areas.”
Spread betting, a subset of derivatives trading offers UK-based traders a tax-free solution to profits they earn during trading , however, profits can only be claimed if the trader has an existing income and spread betting is not his main source of income. On the other hand, brokers who earn funds (client losses) need to submit a general betting duty (return) to the government equating to 3%.
The number of traditional FX and CFD providers that entered the spread betting space has increased over the last 3 years, in 2013, Inter Trader joined providers offering the UK-centric product. At the same time, Cantor Index reported that it had withdrawn its service and sold its client base to Spreadex.
Saxo Spreads, the firm’s spread betting division, issued a notification to clients today informing them that it was withdrawing its services and migrating the business over to Capital Spreads. Saxo entered the space in 2009 after financial markets benefited from a post-2008 recession boost in volumes. However, with an overall decline in the number of active traders in the region, the firm has decided to withdraw its service.
Saxo Bank was unavailable for comment.
In the note the firm stated: “From 28th March 2015 your Saxo Spreads account will move to Capital Spreads.”
The firm’s website has not been updated and still displays the Saxo Spreads brand, however, upon applying for a new account the page redirects to the Capital Spreads website.
The firm was using services provided by spread betting specialist, London Capital Group, under the Capital Spreads brand, a trading name of LCG. Clients have been advised on how they can continue to use the services offered by Capital Spreads, however an option to close the account has also been provided. The email was sent by James Watts, Head of Partnerships.
Saxo entered the market in 2009, according to the FCA register it received its appointed representative license under the banner of LCG on the 29th of January, 2009. The firm offered a range of instruments including, rolling and futures stock indices, commodities, bonds, single stocks and FX. The firm offered competitive pricing on instruments, with spreads on the FTSE quoted as 1 pip, during UK trading hours.
Saxo Bank was the latest provider to issue its annual earnings data , the firm like its peers, showed positive earnings for the year-end 2014 with both net profits and client deposits, in the green. In its annual report, the firm commented on its futures, plans among other topics, it said: “Saxo Bank expects to continue the on-going development of its traditional trading business. The focus remains on clients, efficiency, profitability and optimisation of the entire value chain.
With a close eye on overall cost development, Saxo Bank will continue its investments in products and platforms. At the same time, system enhancements and knowledge upgrades are expected within the Bank’s core business areas.”
Spread betting, a subset of derivatives trading offers UK-based traders a tax-free solution to profits they earn during trading , however, profits can only be claimed if the trader has an existing income and spread betting is not his main source of income. On the other hand, brokers who earn funds (client losses) need to submit a general betting duty (return) to the government equating to 3%.
The number of traditional FX and CFD providers that entered the spread betting space has increased over the last 3 years, in 2013, Inter Trader joined providers offering the UK-centric product. At the same time, Cantor Index reported that it had withdrawn its service and sold its client base to Spreadex.

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November 5, 2013 by Adam posted in Spread Betting • No Comments

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SaxoBank is located in Denmark and officially commenced trading in 2001. Since its inception, this broker has risen rapidly to become a leading provider within the spread betting market sector . Although the SaxoBank is a fully licensed international bank, it specializes in providing its clients with the ability to speculate on the global financial markets.
Although this company also serves large investment institutions, the core of its business centers on its extensive list of private individual members. Specifically, these clients are provided with the essential services and facilities to execute spread bets using a range of underlying assets based in supported markets, such as stocks, Exchange Traded Funds (EFT), currency pairs , commodities , indices and options .
SaxoBank provides an impressive spread betting trading platform that has already capture a series of industrial awards. In fact, one of the primary missions of this company is to constantly focus on enhancing the efficiency and functionality of its trading platform and tools.
SaxoBank has built a brand name for itself since its launch which distinctly separates it from its competitor. For example, this broker supports a wider selection of tradable assets based within a large number of diversified markets. This extensive selection is epitomized by the choice of Forex assets which exceed over 160 currency pairs. In fact, SaxoBank has adopted a policy of focusing on the Foreign Exchange Market which clearly differentiates it from its rivals. To accomplish this objective, this broker has devised an industrial leading library of spread betting educational material which is second to none.
By becoming a registered member of SaxoBank, clients can then activate spread bets structured on over 14,500 stocks presented on nearly 30 different exchanges. They can also formulated trades using in excess of 20 major global indices. Saxo Bank has strived hard to ensure that its customers can access more markets and assets than those supported by rival brokers in order to attract a highly diversified customer base consisting of varied trading strategies and styles.
The trading platform supported by SaxoBank is rated as highly proficient and well capable of meeting its client’s spread betting needs. The company has recently launched version 2.5 of this impressive tool which introduces a spate of innovative features devised to satisfy even those traders seeking the highest technical standards possible.
You can choose to either download the platform onto your own computer facilities or utilized the web-based variant which allows you to connect to your account using any computer portal possessing an internet connection. There are also applications that are available that permit you to activate spread bets directly from your mobile device . A suite of software now exists allowing you to speculate on the financial markets by using a MAC, PC, Android and iPhone.
There are many exiting and original analytical trading tools presented by the SaxoBank platform. For instance, this facility supports trading strategies exclusively devised by experts at SaxoBank. In addition, a steam of current market research is constantly updated and displayed supported by an economic calendar. You also have the option to customize the layout and appearance of the trading platform to comply with your ideal stipulations.
A comprehensive and well-integrated charting packing provides an extensive selection of technical indicators. Although this tool may appear basic in appearance, its execution is so efficient that minimal errors are generated when new spread bets are activated. This product has acquired an impressive reputation for supplying traders with the information they essentially require in order to enhance their spread betting profitability.
This particular aspect of its business profile is this broker’s biggest weakness. This is because SaxoBank has not adopted a clear policy to offer promotions in order to attract new custom. Perhaps of even greater concern is that the free demo facilities provided only remain active for a maximum of 20 days.
The learning center of SaxoBank is one of the main pluses of this company. For example, impressive research videos are produced daily by SaxoBank that enable its clients to clearly identify all the key aspects of the prevalent market conditions thereby enhancing their abilities to select the optimum spreads bets possessing maximum profit potential with minimum risk exposure.
However, this broker does not stop there as it discloses its own spread bets. Each one is fully detailed by revealing their entry and exit values together with the rationale for selecting the trades in the first place. Both fundamental and technical analysis is provided in order to vindicate their selections.
This broker also supplies a comprehensive trading glossary. Another outstanding tool is termed the ‘Trade Mentor’ which consists of a series of videos designed specifically to help novices enhanced their spread betting skills by identifying their optimum trading style. This tool comprises a twelve chapter course that describes the basics of spread betting using well-presented installments as well as introducing the key features of the SaxoBank trading platform.
The major pluses of this spread betting broker are its daily research videos and its educational products. Many experts rate these tools highly by endorsing them as products that beginners should utilize in order to acquire deep insights into prevalent market conditions.
SaxoBank does not promote any special incentives or bonuses in order to attract new custom or reward client loyalty. In addition, some critics express concerns about the absence of interactive tools on the firm’s trading platform. As only a limited number of technical analytical tools are supported, SaxoBank is considered a better option for traders preferring fundamental analysis.
Despite some minor deficiencies, the trading platform provided by SaxoBank is assessed as being one of the best in the spread betting market sector. The strategies and educational material produced by this broker are also highly rated. The company is presently refining its research policy by basing it on fundamental analysis and then using technical indicators to detect quality entry
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