Review of SaxoTraderPRO and its history

Saxo Bank was founded in Copenhagen, Denmark in 1992 with a clear mission to make global financial markets accessible to more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional tools and easy access to global financial markets for anyone wanting to invest.

The site does not list the specific names of the project’s leaders, but it does mention that the team regularly shares opinions and ideas on various topics related to financial services and global fintech trends.

Saxo Bank’s mission is to stimulate curiosity and interest in the world around us, giving customers more ways to make money with their money. The company strives to ensure that every person becomes active, feels empowered and invested in the world around them.

Today, Saxo Bank, according to the authors of the service, is one of the most popular banks in the EU. Serving over 1 million clients worldwide and managing over $100 billion in client assets. Saxo Bank is proud of its Scandinavian heritage and is committed to the values ​​of trust, fairness and safety, which the company believes gives customers the confidence to be adventurous and curious.

It would seem an ideal story of formation, everything is laid out on the shelves. But we are interested in the level of legality, or legality, on the territory of the Russian Federation. Here it turned out that the Central Bank knows nothing about the functioning of the project.

Methods of contacting support

The project offers the following contact formats:

• hotline and email;
• office address, but there is no representative office in Russia;
• support Center. This is a bot that responds with prepared phrases at any time;
• press center

If desired, the user can become one of the team members. To do this you need to submit an application.

Analysis of account types from SaxoTraderPRO

Now about what types of accounts are available by the broker:

• Classic. The minimum amount to start is $0. Industrial entry prices, digital support and 24/5 technical support;
• Platinum. Replenishment from 200 dollars. Up to 30% lower prices, priority support in your native language, direct access to Saxo experts 24/5;
• VIP. The minimum amount to start is 1 thousand dollars. The best prices and services, a personal customer relationship manager, exclusive invitations to events.

In addition, there are other types of accounts:

• professional;
• corporate.

Apparently, this is exactly the way SahoTraderPro will manipulate clients in the future. After all, no one describes in detail the opening of this or that account for trading on the terminal. But, instead, a list of advantages is posted on the official Saxo website:

• over 70 thousand instruments;
• unique platforms;
• leading prices;
• expert support.

Saxo Bank offers flexible account opening conditions to suit the varying needs and investment levels of clients, from beginners to experienced traders and large investors.

Reviews of SaxoTraderPRO

Let’s start with the fact that we are not dealing with the most popular terminal. Of course, this makes it difficult to evaluate the platform. Moreover, the broker himself is not in great demand. Of course, this affects the ability to evaluate the service in as much detail as possible. Most often, users who have triedSaxoTraderPRO experienced platform slowdown.

In addition, the terminal is based on old indicators that cannot provide a clear market forecast.

Of course, this affects the final result of trading. There are also frequent problems with logging into your personal account.

Actually, it is precisely on the basis of reviews of SaxoTraderPRO that you should not be fooled by managers’ promises about prospects. Before us is a platform with the most banal methods and indicators.

If you fell for the tricks of the kitchen, opened a personal account and topped up your balance, write to the managers. Chargeback Specialists will help you get your deposit back. This increases the chances of a positive outcome of the process.

Divorce algorithm

Now regarding how SaxoTraderPRO makes money from traders:

• delays are deliberately created during transaction processing;
• problems with withdrawing money. Customers trying to withdraw their funds face obstacles. Support delays the process, promising a solution “tomorrow”, which leads to long delays and lack of progress in solving the problem;
• complete quote guide. When switching from a demo account to an account with real money, users notice unreasonable changes in quotes. These “drawn” quotes do not correspond to real market prices, which indicates manipulation on the part of the platform;
• technical glitches. Traders are reporting technical glitches and fake quotes that do not reflect the real state of the market. This creates an environment where traders cannot effectively manage their investments and are at risk of losing their funds.

This divorce scheme is not unique. In fact, SaxoTraderPRO acts like a regular scammer.

Verdict on the company

After review SaxoTraderPRO can identify the following signs of fraud:

• lack of a license from the Central Bank of the Russian Federation;
• delays in processing transactions. Users have reported significant delays in processing trades, which can last as long as a minute. This significantly increases the risk of losses due to price changes during this period;
• problems with withdrawal of funds. Users experience delays and pushback from support;
• concealing the terms of cooperation. In addition, long-term clients note a deterioration in working conditions with the platform compared to previous years;
• fake quotes and technical glitches. Traders report cases of fake quotes and technical glitches, which of course lead to losses;
• lack of support from support. Despite the extensive list of communication formats with technical support, clients are left alone in the event of a problem.

These signs simply scream that SaxoTraderPRO is a fake project. Trading on the platform will only lead to losses.