Saxo Trading Platform: SaxoTraderGO Online Trading Platform

Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).

Saxo Bank is a global service provider and its subsidiaries exist as separate legal entities in various regions of the world. The services offered by different entities may vary slightly, particularly in terms of cost and product portfolio. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, banking background and is regulated by top financial authorities.

Saxo Bank's web trading platform is called SaxoTraderGO, its desktop trading platform runs under the name SaxoTraderPRO. Both were developed by Saxo. However, you can also use other third-party platforms to trade or manage your portfolio.

If none of the above platforms suit your needs and you want to develop your own interface, you can become a Saxo API partner.

In this review, we tested SaxoTraderPRO.

The web trading platform is available in a large number of languages.

SaxoTraderGO is a great platform; two features we will particularly highlight are the modern design and user-friendliness.

The easy-to-customize platform meets the needs of both novice and professional traders. However, customizability has its limits; for example, you can change the size of various tabs but not their relative position.

Saxo's search function is great. Search results are relevant and grouped by asset class. If you search for Apple, the results will show Apple stocks, CFDs, and options.

There is a drop-down button on the right side of the search box to filter the results. For example, you can narrow stock search results to a specific country, or filter forex search results for major currency pairs.

The Saxo Bank mobile trading platform has both iOS and Android versions. In this review, we tested it on Android.

The platform is available in the same language and has the same search functions, order types and alerts as the web trading platform. It provides two-step authentication.

The user-friendliness of the platform is less than that of a web trading platform. We liked the modern design but were a little disappointed by the confusing menu structure, which sometimes made it difficult for us to find what we were looking for.

Saxo's desktop trading platform, SaxoTraderPRO looks similar to the web-based one.

At the same time, living up to the 'PRO' tag, the desktop version offers more advanced customization capabilities. You can run up to six windows simultaneously and create your own trading environment. Each window is adjustable in size and position.

Saxo Bank has an excellent product portfolio. From stocks to CFDs, you'll find everything.

It has a wide selection of products in more complex assets such as FX swaps, options, futures or CFDs. Its product range in more traditional asset classes such as stocks, ETFs, or bonds is also competitive, but not the best. Saxo's mutual fund and crypto product line lags behind its competitors.