Saxo Bank's SaxoTraderGO and SaxoTraderPRO review

Saxo Bank's web trading platform is one of the best on the market. Easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.

Saxo Bank's  web trading platform is called SaxoTraderGO and its desktop trading platform runs under the name SaxoTraderPRO. Both are developed by Saxo. However, you can also use other, third-party platforms for trading or managing your portfolio.

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If none of the above platforms suit your needs and you'd like to develop your own interface, you can also be an API partner of Saxo.

In this review, we tested SaxoTraderPRO.

The web trading platform is available in an exceptionally large number of languages.

Look and feel

SaxoTraderGO is a great platform; two features we would particularly highlight are its modern design and user-friendliness.

The easily customizable platform meets the needs of both novice and professional traders. However, customizability has its limits; for example, you can change the size of various tabs but not their relative positions.

Login and security

Saxo Bank  has a safer two-step login system, which is optional.

Search functions

Saxo's search functions are great. The search results are relevant and grouped according to asset class. If you search for Apple, the results will show Apple stocks, CFDs, as well as options.

There is a drop-down button on the right side of the search box for filtering results. For example, you can narrow down stock search results to specific countries, or filter forex search results for major currency pairs.

Placing orders

You can use many order types and order time limits.

The selection includes:

• Market
• Limit
• Stop limit 
• Stop 
• Trailing stop 
• One-cancels-the-other (OCO)

If you are not familiar with the basic order types, read this overview.

There are also several order time limits available:

• Good-till-canceled (GTC) 
• Day Order
• One week
• One month
• End of week
• End of month
• End of year
• Good-till-date (GTD)
• Immediate or cancel (IOC)

We also liked Saxo's fee transparency. When you open the order panel, you will be shown a 'Trade Ticket' that lists a lot of useful information, such as costs or margin requirements.

Alerts and notifications

You can use a wide range of alerts:

• Price alert
• Position closing/opening
• Portfolio change
• Margin call, etc.

Platform notifications are available as pop-up messages or in email.

Portfolio and fee reports

Portfolio and fee reports are transparent. You can view and download reports under the 'Account' tab. Your historical profit/loss balance and costs paid are clear and easy to track.

Saxo Bank's desktop trading platform is one of the best on the market. It is well designed, easy to use and offers great customizability.

Saxo's desktop trading platform, SaxoTraderPRO looks similar to its web-based equivalent.

At the same time, true to the 'PRO' tag, the desktop version offers more advanced customizability. You can run up to six windows simultaneously and create your own trading environment. Each window is customizable in size and position.