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Saxo Bank Reviews
ZuluTrade

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Saxo Bank Reviews

2007/08 Saxo Bank Reviews

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Current Ratings

Have had no problems with Saxo (used them 4+ years). Good platform and back office.
Reviewed by Andrew, October 22, 2007. Rating = 8/10
Wide range of products, not stable platform, bad execution of orders, bad customer care, low level of reliability.
Reviewed by jao, August 16, 2007. Rating = 3/10
Didn't have much noted problems with the company .. I just wonder, how Saxo could win FX Week awards for number of years if to look at all these reviews? Hehe ..
Reviewed by Juzik, May 21, 2007. Rating = 7/10

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2007/08 Saxo Bank Ratings
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2006/07 Saxo Bank Reviews

From Saxo: "Dear xxxxx,
We have changed your trades on GBPJPY and GBPUSD as these trades were speculative and done after an announcement. We see speculative trades after announcements as illegal and would advise you to stop this behavior immediately. Otherwise we would need to take further action.
Best regards,
Erdal"
Reviewed by abeiks, April 30, 2007. Rating = 1/10
Scam pure and simple ...they will skin you alive.
Reviewed by JimFX, April 17, 2007. Rating = 1/10
Not reliable. System jam when during figures night and unable to get out even when running on decent computer spec and bandwith. Stop loss trigger not professional.
Reviewed by john, September 22, 2006. Rating = 1/10
Excellent service, clumsy platform.
Reviewed by patapon, August 13, 2006. Rating = 7/10
Terrible when it comes to news time. The spreads are too wide and slippage on stop orders is ridiculous. I placed identical trades on Saxo and on IFX and when the positions were closed, Saxo gave me a 1 pip profit while IFX gave me the full 20 pips.
Reviewed by Sheyne, August 1, 2006. Rating = 1/10

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2006/07 Saxo Bank Ratings
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2005/06 Saxo Bank Reviews

It's a crime to call this company a bank. What makes things worse is Danish government is protecting Saxo bank on all the ripping off they do. You are absolutely helpless. They are worse than the second hand car dealers. If you want to lose your money and like to get treated like a piece of dirt when you point out their unethical behaviour this is the ideal place to do trading.
Rating = 1/10 - February 14, 2006
I had such a strange one-week experience with Saxobank's Forex platform that no algorithm I ever heard of would explain it. Offhours was especially bewildering. Whatever I'd do, the platform would for a minute swing the other way before "reverting back" to normal. Had somebody hacked the feed? Is the platform outdated and it updated by sheer coïncidence at the worst moment even if I picked the time at random? Call it bad Voodoo, I will not touch again.
Rating = 3/10 - December 6, 2005

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2005/06 Saxo Bank Ratings
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2004/05 Saxo Bank Reviews

Will skin a client at the drop of a hat. Will confirm thru chat system prices that are above the ask price. Bad manners.
Rating = 2/10 - Apr 30, 2005
Bucket shop, pure and simple.
Rating = 1/10 - Mar 31, 2005
Saxo's customer service very bad. No replies to emails.
Rating = 1/10 - Dec 1, 2004
They just keep getting better.
- Nov 6, 2004

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2004/05 Saxo Bank Ratings
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