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Compare Forex Brokers Saxo Bank And AskOBid


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Subjective Ratings

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Saxo Bank

AskOBid

Charting: Five star Charting Rating Four and Half star Charting Rating
Execution: Four and Half star Execution Rating Five star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Five star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Five star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Five star Platform Reliability Rating Five star Platform Reliability Rating
Customer support: Five star Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Four star Rollover interest rates Rating
Withdrawal processing: Three and Half star Withdrawal processing Rating Four star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four and Half star Average Rating

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Business Details

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Saxo Bank

AskOBid

 
Registered Business Name: Saxo Bank O.C.M. Online Capital Markets Ltd.
Broker Headquarters: Copenhagen, Denmark Limassol, Cyprus
Also has offices in: London, Singapore, Tokyo none
Regulated By: Saxo Bank is a fully regulated bank in Denmark. CySEC
In business since year: 1992 2010
Broker Capital as of 02-2010 Unknown Unknown
Client Account Segregation: No Yes - funds held at Marfin Popular Bank, Cyprus
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Credit Card 1.8% - 2.5% 1.8% - 2.5%
Debit Card $0 $0
Wire Transfer Bank Fees Bank Fees
MethodDeposit FeeWithdrawal Fee
4B Debit
AMEX
Carta Si
Carte Bleue
Dankort Debit
Delta Debit
Diners Club
EC
eNETS
ePay.bg
EPS
Euro6000 Debit
giropay
iDEAL
JCB
Laser Debit
MasterCard/Maestro
Moneybookers
Netelis Asia
Nordea
POLi
Postepay
Przelewy24
Sofort
Solo Debit
UnionPay
Visa
Visa Electron
Westpac (WBK)
Wire Transfer
Main liquidity providers: Top tier-1 banks Unknown

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Trading Details

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Saxo Bank

AskOBid

 
Browser platform: Saxo WebTrader AskOBid Trader (Tradorz)
Downloadable platform: Saxo Trader AskOBid Metatrader 4 (MT4)
Mobile platform: Saxo WebTrader AskOBid Trader (Tradorz)
Phone dealing: Yes Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Saxo Premium 200:1* $100,000/unlimited 1,000/unlimited
Saxo 200:1* $10,000/unlimited 1,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Platinum Account 200:1* $10,001/unlimited 100,000/30,000,000 units
Silver Account 200:1* $100/$1,000 5,000/500,000 units
Gold Account 200:1* $1,001/$10,000 25,000/5,000,000 untis
Swap-free accounts   No swap-free accounts available   No swap-free accounts available
Tradeable Instruments: 8    48   
No Dealing Desk Execution: Not available Depending on risk profile
Typical spread on EUR/USD: 2 pips (0.0002) 3 pips (0.0003) FIXED (depending on account type)
Fixed spreads: No Yes
Guaranteed stop losses? All orders are executed at best available price. Yes, stop loss orders are guaranteed against slippage.
Trailing Stops: Server-side Client-side
OCO orders available: Yes No
If/then orders available: Yes No
Hedging capability: Yes - used margin is cleverly cancelled on hedged positions Yes
Automated Trading: No Yes, on MT4
Trading Hours:   Sunday 21:00 PM GMT to Friday 21:00 PM GMT
Timezone   GMT
Scalping allowed: Yes Yes on MT4, but not on AskOBid platform (2 min. required between open & close)
Account currencies available: AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD USD
Platform languages: English Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish
Support languages: English English, French, German, Portuguese, Spanish, Turkish
Demo account: 20 days 21 days
Live chat support: Available to real account holders. Yes - polite but not particularly knowledgeable
Interest on Margin: No, On Net Free Equity No
Promotions & tournaments: None 10% deposit bonus on Silver Accounts, 15% on Gold, 30% on Platinum!

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