Overview of Saxo Bank Forex Broker

Forex TradingThe Forex Trading Brokers started in the year 2012 and the parent company is called FT World Ltd. It is a part of the group called Saxo Bank Group Ltd. The Saxo Bank was originally set up as Forextrading.com and has its own customised trading platform. The software employed for trading Forex is very credible, reliable and transparent which offers the best experience for anyone who is looking forward to trading in the FX market for the very first time.

As a trader, you will have the option to trade across 60different types of currency pairs which are really quite nice. The online platform has been designed in such a manner that the traders will have the option to trade across several kinds of commodities like Gold, Silver etc.

In addition to the above, the customers are also provided with a demo account with a validity period of 14 days. There is a complete tutorial on the official website of Saxo Bank available that you can download and learn about how to place trades in the Forex market. The maximum leverage that you can earn from every single trade is 200:1. The most striking feature of trading with this broker is that you can open your trading account with a minimum deposit of just $1.

Trading Platform

MetaTrader 4As a trader, you will have the flexibility of trading across several assets and other commodities on the integrated trading platform of Saxo Bank. Apart from that, you have the option to utilise Meta Trader 4 as well as ForexTrading Mobile Platform as well.

Hence it would be extremely beneficial for you as you will have the liberty of switching one trading platform to another one depending upon your need and desire. The best thing about the trading platform is that you need not have to download any kind of software on your computer. It is really a blessing for anyone who is looking forward to trading in the FX market for the very first time.

Types of Trading Accounts

Before you jump into real trading, you have the liberty to use the demo account. In this way, you will be able to practice trading in a virtual environment without any kind of risk. Apart from demo account, the broker offers another type of trading account for placing trades.

Customer Service

It is one of the most important features of the Saxo Bank where traders will have no problems whatsoever when it comes to placing trades or using banking methods to deposit or withdraw money. There are numerous channels through which you can contact the support staff like live chat, email, phone or fax.