In the Saxo TraderGo review, we look at the main functionality of the key platform features. This includes asset coverage, research and analysis, and account tools. You can see all of our broker platform reviews and compare CFD brokers here. The video review was originally recorded in 2018, but as the platform is so well established it hasn’t actually changed much.
Saxo Markets Trading Platform Review
Name: Saxo Markets Trading Platform
Description: Saxo Markets SaxoTraderGo offers a very advanced trading platform and voice brokerage service for experienced and professional traders and investors.
64% of retail investor accounts lose money when trading CFDs with this provider
Summary
- Markets available: 9,000
- Minimum deposit: £1
- Account types: CFDs, futures & options, DMA, investing
- Equity overnight financing: 2.5% +/- SAXO RATE
- Pricing: Shares 0.05%, FTSE 1, GBPUSD 0.7
I’ve been using Saxo Markets online trading platform for around ten years now and it’s evolved nicely over the years. The core functionality remains consistently high-end, whilst the front end is given a facelift every few years.
Whilst Saxo Markets does offer MT4, it’s own proprietary trading platform (SaxoTraderGo) is a well-established work-horse. The platform is exceptionally robust and suitable for institutional-grade hedge fund businesses as well as individual traders. It really stands out among peers as a serious platform for serious traders that is backed up by the products on offer, such as DMA CFDs, on-exchange futures, options, a huge range of bonds and access to dealers via voice brokerage who can work complex orders for you.
Unlike more retail-based trading platforms where CFD commissions are built into the spread with Saxo Markets, you trade at the bid-offer (or DMA) and commission is charged afterward. This enables clients to trade inside the market price if they have opted for direct market access.
Commissions are very competitive as Saxo Market is most suited to high-volume and high-net-worth traders. Smaller traders may be put off by auxiliary costs such as having to subscribe to live pricing from exchanges, level-2 data fees, and minimum commission charges.
Saxo Market’s trading platform market range is vast, you can go long or short over 19,000 instruments, which is more than any other retail derivatives provider with the SaxoTraderGO platform or apps.
The platform also has built-in post-trade analytics so you can see where you have been profitable in the past, and has an integrated research portal, webinars, trading signals, and market analysis.
Saxo Markets can be suitable for smaller traders as it has three different tiers of trading accounts – Classic, Platinum and VIP. Classic is the most basic with a minimum deposit of £1,500 whilst the VIP requires at least £1 million in funding, where traders will have access to the tightest spreads and dedicated Saxo service.
Overall, Saxo Markets is an excellent platform for experienced traders.
Pros
- Professional trading platform
- Direct market access
- Futures & options
Cons
- Can be too complicated for beginners
-
Pricing
(4)
-
Market Access
(4.5)
-
Online Platform
(5)
-
Customer Service
(4)
-
Research & Analysis
(4.5)
Overall
4.4- You can see our full verdict on Saxo Markets on our Saxo Markets review page.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
