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Compare Forex Brokers Saxo Bank And Trading Point Forex


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Subjective Ratings

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Saxo Bank

Trading Point Forex

Charting: Five star Charting Rating Four and Half star Charting Rating
Execution: Four and Half star Execution Rating Four 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 Four 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 Five star Rollover interest rates Rating
Withdrawal processing: Three and Half star Withdrawal processing Rating Five 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

Trading Point Forex

 
Registered Business Name: Saxo Bank Trading Point of Financial Instruments
Broker Headquarters: Copenhagen, Denmark  
Also has offices in: London, Singapore, Tokyo None
Regulated By: Saxo Bank is a fully regulated bank in Denmark.  
In business since year: 1992 2009
Broker Capital as of 02-2010 Unknown Unknown
Client Account Segregation: No  
Collect Taxes on Earnings: No  
Prohibit clients from: Yes  
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
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
NETeller $0 $0
Wire Transfer $0 $0
Main liquidity providers: Top tier-1 banks  

Visit Saxo Bank Visit Trading Point Forex

Trading Details

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Saxo Bank

Trading Point Forex

 
Browser platform: Saxo WebTrader None
Downloadable platform: Saxo Trader Trading Point Metatrader 4 (MT4)
Mobile platform: Saxo WebTrader No
Phone dealing: Yes Yes
Order processing: Market Maker All orders routed through dealing desk.
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:
Micro 500:1* $1/$3,000 1,000/100,000 units Swap-free (Islamic) optional
Executive 100:1* $100,000/unlimited 100,000/5,000,000 units Swap-free (Islamic) optional
Standard 200:1* $3,000/$100,000 100,000/5,000,000 units Swap-free (Islamic) optional
Swap-free accounts   No swap-free accounts available   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 8    1   
No Dealing Desk Execution: Not available  
Typical spread on EUR/USD: 2 pips (0.0002) 1.9 pips (0.00019)
Fixed spreads: No  
Guaranteed stop losses? All orders are executed at best available price.  
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  
Automated Trading: No
Trading Hours:    
Timezone   GMT
Scalping allowed: Yes  
Account currencies available: AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, USD
Platform languages: English
Support languages: English
Demo account: 20 days  
Live chat support: Available to real account holders.  
Interest on Margin: No, On Net Free Equity
Promotions & tournaments: None  

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