Saxo Bank is a prestigious multi-asset broker with outstanding research, a first-rate trading platform, and a breathtaking variety of more than 40,000 securities. With a vast array of tools, research, and premium services, Saxo Bank offers an immersive, rich trading experience for active traders (or those who can afford to maintain the high account balance requirements). Let’s look into the Saxo bank review for more details.
Saxo Bank: Is it secure?
Saxo Bank has a Trust Score of 99 out of 99, regarded as being low-risk. Saxo Bank is authorized by six tier-1 regulators (high trust), one tier-2 regulator (average trust), and none of the three tier-3 authorities yet is not publicly listed and runs a bank (low trust). The Australian Securities and Investment Commission (ASIC), the Securities Futures Commission (SFC), the Monetary Authority of Singapore (MAS), the Swiss Financial Market Supervisory Authority (FINMA), and the Financial Conduct Authority are among the tier-1 regulators that have granted Saxo Bank authorization (FCA). Study up on Trust Score.
The desire to see its customers succeed financially seems to be Saxo Bank’s only goal. That’s how I feel when I read the cutting-edge research produced by Saxo Bank’s internal staff, browse the voluminous trading ideas offered on the company’s website and other platforms, or interact with the material made accessible by the company’s several premier third-party vendors. In 2022, Saxo Bank will continue to be a top option for FX research.
Overview of the study: Saxo Bank provides several formats and research offerings throughout its websites and online platforms (video, articles, podcasts, and headlines). In addition to third-party information like the news headlines streamed from sources like Dow Jones, NewsEdge, and RanSquawk, it also offers internal content like the daily updates issued by its analysts in Saxo Bank’s Market Analysis section.
Market news and analysis: The Saxo Bank platforms, SaxoTraderGO and SaxoTraderPRO, do a fantastic job of centralizing their research. Autochartist, seamlessly linked into the program, provides trading alerts and analyses from other sources. Because its research pieces are arranged according to an asset class or geopolitical issues, I had little trouble finding pertinent information. For instance, you can see related news and trade suggestions when browsing the EUR/USD pair. I had to be choosy to uncover shortcomings in Saxo Bank’s product. An integrated economic calendar, for instance, exists but is not interactive.
Video content: The Saxo Bank website and its exclusive platforms seamlessly combine video research. I thought the video content was very high caliber, such as Saxo Bank’s Fintech Unfiltered series. Although it’s important to note that many of Saxo Bank’s videos are hidden and challenging to search or recognize, Saxo Bank also has playlists on YouTube. The websites and trading platforms of Saxo Bank appear to be the company’s main priorities rather than its YouTube channel. With this strategy, customers will have a lot better user experience and won’t have to switch between YouTube and a trading platform. Nevertheless, consolidating all of Saxo Bank’s video material in one location would help showcase it and make it simpler for traders to find.
Reports: The research team at Saxo Bank produces quarterly outlooks and annual forecast reports in PDF format and comes with supplemental videos. These reports are great for traders and investors looking to take a position based on a particular subject and solid research. Despite being confidential, the reports are interesting. For instance, I like reading each year’s “Outrageous Predictions” projection.
How to pick the best Forex App
For novices, selecting the best app for forex trading might be tiresome. Online traders can access dozens of trading programs, which might confuse newcomers. This article will assist you in selecting the most OK Forex app for your trading needs:
Step 1: Trading Objectives
Establish your trading objectives. Decide first whether you want to be an aggressive trader, a passive trader, an investor for the long term, a forex trader, or an options trader.
Step 2: Evaluate your trading expertise and skills
Do you already have trading experience? Are you a brand-new trader? Are you a seasoned trader seeking a smooth transition from one platform to another? It could be necessary to select a platform that offers a demo account with a minimum deposit of $0 or $10 if you don’t already have any expertise in trading forex. Suppose you are an experienced professional trader with enough cash to trade. In that case, you may consider other factors besides the minimum deposit amount, such as the availability of currency pairings, leverage, and the dependability of customer assistance.
Step 3: Assess licenses and regulatory approvals
The appropriate authorities must approve all Forex brokers. Verify that the trading broker you choose has a license from the appropriate regulatory body.
Step 4: Examine Traders Union reviews.
Numerous websites, like Traders Union, routinely evaluate Forex trading software. By reading the evaluations of numerous Forex traders, one may narrow the field of reputable firms.
Step 5: Choose an Effective Trading App
Compare the chosen trading applications to your trading needs and objectives. Select the trading app that satisfies the evaluation’s requirements.