Saxo Bank is one of the most popular CFD Brokers, offering access to global markets and providing a powerful suite of products and online trading platforms to clients in over 160 countries and high-profile institutional partners. In addition to FX, we offer 11,500 Stocks, 7,000 CFDs on shares, indices and commodities, ETFs and ETCs, Bonds and Futures. Founded in 1992, Saxo bank forex is a fully licensed European bank, regulated by the Danish Financial Supervisory Authority and a member of the Guarantee Fund for Depositors and Investors supervised by the Danish Ministry of Economics and Business Affairs.
You can also select the pricing structure that best suits your trading needs. You can opt to have commissions included in the spread through an FX All-Inclusive Price Plan, or opt for an FX Volume Price Plan that offers tighter spreads and commissions based on the amount you trade.
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Some brokers choose on their own and others are required by regulators to keep client funds separate from the company’s operating capital. This gives clients an extra layer of security in case the broker becomes insolvent and needs to go into bankruptcy. It should be noted that segregation does NOT constitute absolute safety of client funds in case of bankruptcy, but is a significant step nonetheless.
Their system showed me a filled order that hedged my position. As a result, it took longer for my account to be stopped out using the available collateral in the account. The next day they take away that executed file and assign it their price and send me messages that I owe them a massive amount of money apart from my complete collateral being wiped out.
in order to find a CFD broker, you can use our step by step guide for “How to Choose a CFD Broker”