Forex Broker Summary: Saxo Bank - Account Types And Requirements
AAA
  1. Forex Broker Summary: Saxo Bank - Introduction
  2. Forex Broker Summary: Saxo Bank - Account Types And Requirements
  3. Forex Broker Summary: Saxo Bank - Commission Structure
  4. Forex Broker Summary: Saxo Bank - Trading Platforms And Customer Support
  5. Forex Broker Summary: Saxo Bank - Additional Information

Forex Broker Summary: Saxo Bank - Account Types And Requirements

Saxo Bank offers three different types of accounts, ranging from its basic classic account to its advanced premium account. The primary differences between the accounts - other than the minimum deposits as qualifiers - are the commissions (e.g. spreads) and customer service.

Here are the three account types in more detail:

  • Classic Account - With a $2,000 minimum deposit and access to its suite of trading platforms, the classic account is designed for entry level and average forex traders looking for solid platforms and access to a market-leading number of currency pairs.

  • Premium Account - With a $100,000 minimum deposit, premium accounts have access to their own personal account manager, as well as subaccounts for forex traders looking for access to many different markets with the same base currency.

  • Platinum Account - With a $500,000 minimum deposit, platinum accounts have competitive, flexible pricing for high volume forex traders, as well as forex options on more than 40 currency pairs at interbank spreads and preferred customer service.
These accounts are eligible to trade not only currencies, but also a wide array of other securities, including Contracts for Difference (CFDs), Exchange-traded Funds (ETFs), stocks, futures, options and other derivatives. Forex options are also offered on more than 40 currency crosses, including gold and silver against the U.S. dollar, in both vanilla and binary touch formats.

All of these accounts are eligible to use Saxo Bank's award-winning online trading platforms, including its SaxoWebTrader, SaxoTrader, SaxoMobileTrader and SaxoTrader App. Forex Broker Summary: Saxo Bank - Commission Structure

  1. Forex Broker Summary: Saxo Bank - Introduction
  2. Forex Broker Summary: Saxo Bank - Account Types And Requirements
  3. Forex Broker Summary: Saxo Bank - Commission Structure
  4. Forex Broker Summary: Saxo Bank - Trading Platforms And Customer Support
  5. Forex Broker Summary: Saxo Bank - Additional Information
RELATED TERMS
  1. Paper Trade

    Using simulated trading to practice buying and selling securities ...
  2. Prime Of Prime - PoP

    A brokerage that provides service to traders (especially Forex ...
  3. Digital Currency Exchanger - DCE

    A market maker who exchanges legal tender for electronic currency, ...
  4. Bid And Asked

    A two-way price quotation that indicates the best price at which ...
  5. No Dealing Desk

    A way of forex trading that provides immediate access to the ...
  6. Micro Account

    A forex trade made up of contracts for 1,000 units of currency. ...
  1. Will technology ever disrupt the role of the custodian bank?

    Learn why some consider new trading and account technology a disruptive threat to custodian banking and how banks are adapting ...
  2. How do I close a long position in forex?

    Learn the different ways that traders close out existing long positions in the forex market, depending on whether their brokers ...
  3. What is the difference between business intelligence and competitive intelligence?

    Understand the difference between business intelligence and competitive intelligence. Learn why both are important for the ...
  4. Should I attempt to trade futures myself using software, or is this better left in ...

    Discover the factors to consider when deciding whether to trade futures on your own or to commit your trading decisions to ...

You May Also Like

Related Tutorials
  1. Trading Systems & Software

    Beginner's Guide To J-Trader

  2. Trading Systems & Software

    Beginner's Guide To CQG Integrated Client Trading Platform

  3. Trading Systems & Software

    Guide To Smartphone Forex Apps

  4. Trading Systems & Software

    Automated Trading with MultiCharts

  5. Trading Systems & Software

    Forex Broker Summary: Easy Forex

Trading Center