I'm a nervous novice when it comes to trading, but the Saxo app is easy to use, and the help I received by chat and through a phone call really helped me to resolve my problems.
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See what reviewers are saying
Great platform. A lot of instruments. Very good educational stuff. Platform is not looking like a casino, very professional. Loving the saxo market call podcast, very informative. Very well documented... See more
Company replied
Very high fees. VIP memberships expire after a year, unless you are insanely active. Many hidden limits on many products (for instance you cannot buy more than 50 options per ticker). For europeans, i... See more
Company replied
In general, Saxo is a really nice platform. This is where I would see my future trading activity. I see however some disadvantages: - due to my current client classification, I cannot trade specif... See more
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Company details
Written by the company
Saxo Bank CEE is dedicated to servicing clients from Poland, Czechia, Slovakia, Greece, Romania and other countries of Central, East and South Europe as well as some of the Central Asian countries. Saxo Bank CEE acts as the service hub and is located in Prague, Czechia while clients have contractual relationships with Saxo Bank A/S, Denmark.
What do we offer?
Written by the company
- Award-winning trading platforms
- To connect traders and investors to global markets, Saxo provides a suite of powerful online trading platforms: SaxoTraderGO, our award-winning platform for web or mobile, with access to our full range of trading products and advanced tools SaxoInvestor, our all-in-one investment app, offering easy access to stocks, ETFs, bonds and more SaxoTraderPRO, our most advanced platform, with a wide array of professional-grade trading tools To try the platforms and practice trading, you can sign up for a free 20-day demo account.
- Find every product you want to trade
- Saxo offers an unparalleled product range of 71,000+ financial instruments, including stocks from over 25 countries, ETFs, online bonds and mutual funds, along with leveraged products such as CFDs, futures, FX, crypto FX, and options on stocks, indices and futures. With Saxo, you always get ultra-competitive spreads and commissions across all asset classes.
- Get inspired to trade and invest
- Trading is all about making informed, rational decisions. To keep our clients up to date, we provide a wide range of free inspirational content, including daily market commentary from our in-house experts, news, popular stocks, webinars and podcasts. Whatever your level of trading and investing experience, Saxo supports you with the knowledge you need.
- Our Story
- Since 1992, we have been on a mission to make the global financial markets more accessible to more people. Today, Saxo is a fully regulated and licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. We are designated as a Systemically Important Financial Institution (SIFI) by the Danish FSA, and have an investment-grade rating from S&P. With offices around the globe, Saxo has local support teams on call 24/5 for technical and account support. We also provide helpful resources online in our self-service portal. If you’re interested in joining our 1.2 million+ clients worldwide, visit our website to open a Saxo account today.
Contact info
Na Poříčí 3a, 110 00, Praha 1, Czech Republic
- +420 226 201 580
4.8
Excellent
369 reviews
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Some ETFs cannot be traded due to client classification + Eastern European stock availability needs to be improved
In general, Saxo is a really nice platform. This is where I would see my future trading activity. I see however some disadvantages:
- due to my current client classification, I cannot trade specific instruments, like iShares Global Clean Energy UCITS ETF, VanEck Gold Miners UCITS ETF and many others
- I would like to be able to trade also via Saxo many more Eastern European stocks, like OTP, Richter, MOL, Magyar Telekom, Waberer's, Banca Transilvania, Hidroelectrica, Romgaz, Arobs, Petrom and many others. These are not available in Saxo platform, even if specific shares can be requested to be available, but with huge fee to be paid on client side, which is, of course, to be avoided
Should these drawbacks be resolved, I would really like to recommend Saxo to my fellow local traders for daily use.
Thanks a lot!
June 3, 2024
Reply from Saxo Group - Saxo CEE
Dear Zoltán Haraszy,
Thank you for taking the time to leave us a review. We truly appreciate your feedback. We are sorry to hear that you didn't find all the instruments you were interested in on our platform. However, please know that you always have the ability to request new instruments to be added.
Regarding certain ETFs, we understand that it can be a struggle. However, we must adhere strictly to regulations, and it is essential to note that a valid Key Information Document (KID) must always be in place for your country of residence, so that the fund can be traded legally. On our website, we offer a very useful filter where you can easily view accessible alternatives.
We value your input and are here to enhance your experience.
Best regards,
Amir | Client Service
Reply from Saxo Group - Saxo CEE
Dear Aleksejs,
Thank you for taking the time to share your experience with Saxo.
I'm delighted to hear that you are satisfied with our platform and pricing structure.
Once again, thank you for your kind words.
I wish you a pleasant day.
Regards,
Karla, Client Service
Reply from Saxo Group - Saxo CEE
Dear Andrius,
we appreciate your kind words. We strive to give good service, and we are glad to hear, that you are satisfied with it.
We wish you best of luck with your investments.
Kind regards,
Anna, Saxo Bank
Lots of cons
Cons:
1) Imposes limits on what option strikes you can buy.
2) Takes 4-5 days to get a deposit withdrawn (I'm on VIP Tier)
3) Advertises low commissions, but it's still in fact a lot more expensive than IBKR. I'm up 3.8% on a stock, but due to commissions i'm $-14 in loss.
4) Customer support rep for VIP accounts used to call me every 2 days. Blocked his number. Would still call consistently wanting to tell me about stuff. Only stopped after explicitly asked to stop (at least).
5) Many stocks that do have option trading available on other platforms are not available for trading on Saxo. You can request them to be added for a fee unless you're a VIP. Shouldn't have to ask. Should just be there.
6) Some stocks have wrong price increments when buying/selling, either a bug or broker pockets the difference. E.g buy at 1.40 on Saxo but IBKR allows for 1.4000 price increments.
7) Generally Saxo is a long term hold kind of broker. If you're a day trader, you'll be paying commissions out of your a** and won't be making profit.
Pros:
1) Nice UI
May 16, 2024
Reply from Saxo Group - Saxo CEE
Dear Mr Georgiou,
Thank you for your detailed feedback that we really do appreciate from all of our clients.
We have escalated all your statements to our relevant teams and we have asked to review them accordingly.
Please feel free to contact us whenever we can be of assistance.
We remain at your service.
Best regards,
Adam I Client Services
Reply from Saxo Group - Saxo CEE
Bonjour,
Nous vous remercions pour votre appréciation.
Notre service client reste à votre disposition pour toute information ou demande relative à la gestion de votre compte.
Cordialement
Jean-Jules
Saxo Banque.
awfully annoying
I don't know why, but they are awfully annoying with questions about my source of income. I gave them everything except my underwear size, but still not enough. I'm in the process of changing the broker.
April 30, 2024
Reply from Saxo Group - Saxo CEE
Dear Mark,
Thank you for sharing your experience with us.
Due to bank regulatory requirements we are required to ask for particular information from our clients.
Our relevant team will be always happy to assist you in that matter and clarify any questions that might arise.
We remain at your service.
Best regards,
Adam I Client Services
Reply from Saxo Group - Saxo CEE
Dear Miroslaw.
Thank you for taking the time to write this review.
ETFs are inaccessible due to missing KID documentation. You are more than welcome to read more about it here: http://spr.ly/62048j7Zfi
We thank you again and wish you a great rest of the day.
Regards,
Karla, Client Services
Reply from Saxo Group - Saxo CEE
Dear Matija,
Thank you for taking the time to write this pleasant review.
We are pleased to hear that you are satisfied with our services.
We thank you again and wish you a great rest of the day.
Regards,
Karla, Client Service
Customer support is the best!
I had several questions, that I asked in a Chat, where I chated with agent Harshita.
I received all answers quickly and it was clear for me. Thank you for your support.
May 9, 2024
Unprompted review
Reply from Saxo Group - Saxo CEE
Dear Don,
We are happy to hear you have had great experience at Saxo.
Thank you for sharing your amazing experience with Saxo. It is our pleasure to provide the best possible service to our clients.
Thank you.
Kah, Client services
Perfect!
Perfect. Clear and informative. All my questions were answered. Rhanks a lot, Jakub!
May 6, 2024
Unprompted review
Reply from Saxo Group - Saxo CEE
Dear Marek,
Thank you so much for taking the time to write this pleasant review.
I’m glad to hear my colleague Jakub was able to assist you in a clear and informative manner. I will make sure to forward your praise to him.
We look forward to helping you again in the future.
Regards,
Karla. Client Service
Very good and reliable
Very good and reliable . Need to have better communication with the customers (not only email and messages)
April 30, 2024
Reply from Saxo Group - Saxo CEE
Dear Stefanos,
Thank you for your positive feedback!
We really do appreciate it as positive experience of our clients is our main aim at Saxo Bank.
Please note that you can reach out to our agents 24/5 via phone on the following phone numbers:
00420 226 201 580
0045 39 77 65 59
We remain at your service.
Best regards,
Adam I Client Services
Significantly improved recently
Using the browser version is very user friendly. They have lowered their fees recently and that makes them more competitive compared with other brokers. My only problem is that i wish they provided more Vanguard/Ishares ETF options for residents of Cyprus.
April 22, 2024
Reply from Saxo Group - Saxo CEE
Dear Costas,
Thank you for your positive feedback!
We really do appreciate it as positive experience of our clients is our aim at Saxo.
Concerning your ETFs´ trading, our relevant team is trying to allow as many ETF instruments for your particular trading account and region as possible. However, not all ETFs can be allowed for your trading due to regulations which we cannot influence.
We remain at your service.
Best regards,
Adam I Client Services
In general 5 stars
In general. it covers my needs - That's why I gave 5 stars. However, by the way, I face one problem for more than a year - I have communicated this to your support team but the problem remains. Every day, when I first start the (windows 11) Saxotraderpro app, it opens as a full screen and I have to adjust it twice in order to place it at a the particular part of the screen that is convenient for me.
April 20, 2023
Reply from Saxo Group - Saxo CEE
Dear Angelos,
Thank you for your positive feedback!
We really do appreciate it as positive experience of our clients is our aim at Saxo.
Concerning your problem, please remain in touch with our colleagues. They will do their best to assist you further.
We remain at your service.
Best regards,
Adam I Client Services
Excellent customer service
The customer service is really great. They are very helpful, respond immediately and gave me a better picture of my problem. So far everything is fine.
April 9, 2024
Reply from Saxo Group - Saxo CEE
Dear Konrad,
Thank you for your feedback. Our main aim are satisfied clients and therefore, Client Services pay attention to every detail of your enquiry and trying to solve it in the best possible way. We always highly appreciate shared positive experience.
We remain at your service.
Best regards,
Adam I Client Services
Fast and Efficient Service!
Fast and Efficient Service!
Harshita really helped!
April 10, 2024
Unprompted review
Reply from Saxo Group - Saxo CEE
Dear Valentino,
We are pleased to receive your feedback. Our aim is to assist to our clients in the best possible way and therefore, we highly appreciate your positive experience.
We remain at your service.
Best regards,
Adam I Client Services
Reply from Saxo Group - Saxo CEE
Dear Jacek,
thank you for your kind words.
We are happy to hear that you enjoy our services.
We wish you all the best with your future investments.
Anna, Saxo Bank
Speed of response of customer service
March 14, 2024
Reply from Saxo Group - Saxo CEE
Dear Saleh,
We appreciate your time for writing us review.
It has been our absolute pressure to serve you. Saxo strive to improve continuously to provide the best possible experience to all our valuable client like yourself.
Best Regards,
Kah, Client service
Excellent Support from Saxo
Adam from support has provided excellent service and fast responses to my questions.
March 13, 2024
Unprompted review
Reply from Saxo Group - Saxo CEE
Dear AC,
thank you for your kind words.
We enjoy working with our great colleague Adam, and we are pleased to hear that you also appreciate his help.
We wish you good luck with your investments.
Best regards,
Anna, Client Services
Reply from Saxo Group - Saxo CEE
Cher Monsieur,
Nous vous remercions pour votre appréciation.
Notre service client reste à votre disposition pour toute information ou demande relative à la gestion de votre compte.
Cordialement
Jean-Jules
Saxo Banque.
Reply from Saxo Group - Saxo CEE
Szanowny Panie Tomaszu,
uprzejmie dziękujemy za miłe słowa, są one dla nas ogromną motywacją.
Pozdrawiam serdecznie,
Anna, Saxo Bank
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