Saxo Bank

IronWolf

Does anyone have a trading account or ISA with SAXO bank? Have been thinking about opening an account but wanted to know if anyone had any experience of them.

Thanks

Jegersmart

I use IG Markets, although I looked at Saxo and it did look like a good service at the time. I am referring to a CFD service only, no idea what they offer on the ISA front, although I use Fidelity for ISA's so I can choose how to invest.

J

ahampstead

I currently have a Saxo ISA which is aimed at the UK market through their Modern Wealth Management platform.

I've only been with them a month but I'm happy so far. I'm particularly pleased with the 0% fee on foreign currency exchange. It means you can buy US shares for £10 without having to worry about any exchange rate fees. I'm sure this won't last forever though.

They recently informed me they would be shutting down Modern Wealth Management and transferring ISA customers to Saxo. This means you'll be able to use the Saxo Trading platform. There's a demo of the platform on Saxo's website. They haven't released any new pricing, however they expect it to be very similar to what it is now but you'll have access to a much greater number of international markets.