Saxo Bank's Markets and Products Offered

Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds are the only area where the selection could be improved.

Saxo Bank has an excellent product portfolio. From stocks to CFDs, you will find everything. 

It has a wide product selection in more complex assets like FX swaps, options, futures and CFDs. Its range of products in more traditional asset classes such as stocks, ETFs or bonds is also competitive, but not the best. Saxo's mutual fund and crypto product lineups lag behind its competitors. 

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64% of retail CFD accounts lose money

Stocks and ETFs

Saxo clients have access to a wide range of stock markets. You can trade on major markets, such as US stock exchanges or the Deutsche Börse, as well as on smaller markets like the Prague Stock Exchange or the Warsaw Stock Exchange.

Forex

Saxo has one of the best currency pair selections among all brokers. At Saxo Bank, clients can also trade Forex Swaps (FX Swaps).

Funds

Mutual funds are only a relatively recent addition to Saxo's product portfolio, and are available only in a few countries, like Germany, Poland or Denmark.

The number of available mutual funds lags behind competitors. Mutual fund providers available at Saxo  include many well-known names such as BlackRock, Franklin Templeton, Pinebridge or Janus Henderson.

Bonds

Saxo's bond selection is average. The product portfolio includes both government and corporate bonds.

Options

The number of options markets available at Saxo is high. You can trade on major stock exchanges such as the Chicago Board Options Exchange (CBOE) or Euronext, but you will also find lesser-known ones like the Hong Kong Stock Exchange (SEHK). 

You can trade options on forex, stocks, indices, interest rates, futures and commodities. 

Futures

Similarly to options, Saxo Bank covers a lot of futures markets. 

With Saxo Bank , you can trade futures on the following underlying asset types:

• commodities
• stocks
• equity indexes
• bonds
• currencies

CFDs

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits on some products.

Saxo Bank has a well-developed CFD offering including stock, ETF, index, commodity, forex, bond and option CFDs. The total number of these assets is above 9000, exceeding the portfolio offered by its competitors.

Cryptos

You can trade crypto through ETP or Crypto FX (coins are crossed with fiat currencies). If you want to learn more about crypto trading, check out our article on how to invest in Bitcoin.

The FCA has banned the sale of crypto-derivatives to UK retail consumers as of January 6, 2021. Also, the crypto selection is not available for Singapore residents.

SaxoSelect

SaxoSelect is a mix of mutual funds and a robo-advisory service. It's recommended if you don't want to manage your investments on your own or simply need to gain some confidence in investing.

You can choose from different portfolios and trading strategies based on your risk appetite. The minimum investment usually starts from $20,000 though, and fees range between 0.5% and 1% of the invested amount. This fee is quite high in comparison with robo-advisors. 

Saxo Rewards

Saxo Bank  also has a loyalty program called Saxo Rewards, something rather unique among our reviewed brokers. Depending on what asset you trade (and in what volume), you can receive points (ranging from 30 to 110) after each trade. If you earn a certain number of points, you can upgrade to a Platinum or VIP account. You'll need 120,000 points for a Platinum, and 500,000 for a VIP account upgrade.