Saw an add for NDD Saxo bank trading accounts, later I find they are market makers. Saxobank dead company without support team. In Saxobank doesn’t exist support team, they doesn’t answer saxo bank forex rollover interest me emails.
That’s not a good broker for some sort of trading strategies. I’ve got very poor performance since started trading using small take profits and stop losses. Other words, spreads too high for scalping. It’s a terrible and not advanced company in terms of trading currencies.
In my story, I was attracted by promises of broker’s advantages among other firms. Please, can someone leave a comment of true experience with Saxo Bank? Look, when I see list of all trading currencies, I get a little confused. My current broker offers 32 currencies for trading. Private Wealth Management client in Saxo Bank, what can I tell you about this service? I am a client of Saxo bank and the platform is great but the execution on the FX is frankly average. I use saxo for my stock trading only where its quite ok.
I opened with Saxo as they have a multi product platform but their execution on fx markets is always requoted and quite many problems placing stops. I have found a better deal for fx and so just kept Saxo for CFD’s it works ok. Money matters open a real bank account. When you open a real bank account you will be the one that is interested to open the account. You will not be getting hundreds of calls from the supposed bank. You either visit the bank or open the account by mail though it is not just sending scannned copies of contract or IDs.
Send hard copy of pasport notarized by public notary. Sometimes a letter from other bank, it is a letter of recommendation. Hard copy of contracts sign and dated. And Bank has to be authorized to be securities dealer and authorized to be a BANK . No requotes, no spikes, pretty fair pricing all in all. Slippage is a bit of an annoyance as it only works one way, i.