Summary: The Saxo Bank digital banking platform offers a service for account holders to buy and sell Stocks, ETFs, Commodities, and even Cryptocurrency ETPs.
They offer low commissions at USD 0.02 per trade and tight spreads which vary depending on what market you trade.
Can I buy and trade Stocks with Saxo Bank?
Yes, the Saxo Bank platform offers over 22,000 stocks and ETFs from New York, Hong Kong, London, and 55 other global markets. The Saxo trading platform offers low fees starting at 0.02 USD per trade for their Stocks and ETFs. If you subscribe to their platform, you can get a reduced fee down to 0.01 USD per share with the VIP tier.
If you are looking to buy stocks with Saxo Bank, you can do so by following these steps:
- Log in or create an account with Saxo Bank.
- Enter the ticker symbol or name of the stock you wish to buy in the "Instrument Search" bar.
- Select the desired stock from the search results and click "Buy".
- Enter the desired amount of shares and review the total cost including commissions.
- Click "Buy" to confirm.
Does Saxo Bank offer Cryptocurrency?
The Saxo Bank platform does not directly offer cryptocurrency trading, but they do offer over 20 Crypto ETPs (exchange-traded products). Crypto ETPs are contracts that track the price of a certain digital asset but do not represent ownership in the underlying coin.
If you want to use a multi-asset trading platform that has over 70 cryptocurrencies and thousands of Stocks and ETFs, we recommend eToro.
Can I buy Shares of Saxo Bank?
No, Sax Bank is a privately held company and is a subsidiary of a Chinese automotive company called Zheijang Geely Holding Group. The company has a 50.89% majority stake in Saxo Bank.
About Saxo Bank
Saxo Bank is a Danish bank specializing in online trading and investment. It was founded in 1992, and its headquarters are located in Copenhagen, Denmark. The company offers both retail and institutional clients the ability to trade forex, CFDs, futures, stocks, bonds, and more on its online trading platforms. Saxo Bank has won numerous awards over the years, including "Best Retail FX Platform" at the 2018 Finance Magnates Awards and "Best Online Broker" at the 2019 ADVFN International Financial Awards.
SaxoBank offers three main types of trading platforms: SaxoTraderGO, SaxoTraderPRO, and MetaTrader4. SaxoTraderGO is the company's flagship platform and is designed for novice to intermediate traders. SaxoTraderPRO is designed for professional traders and includes advanced features such as market depth information, multiple order types, and more. MetaTrader4 is a popular third-party trading platform that Saxo Bank offers to its clients.
Their platform also boasts a wide range of research and analysis tools available on its website. These include market reports, economic calendars, analyst ratings, and more. The company also offers a demo account so that potential clients can try out the SaxoTraderGO platform before opening a live account.