Saxo Bank — Saxo Capital Markets Review — Singapore, Australia and beyond

(quick note. This article originally appeared on adamfayed.com. To read the full article, including reviews on other banking providers, please click here — https://adamfayed.com/international-banking-and-investment-platform-reviews-lloyds-international-saxo-bank-others/)

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Based in Denmark, Saxo Capital Markets is the capital-arm of Saxo Bank.

Saxo Bank is quite different to the other banks on this list apart from Swissquote, in that they offer a low-cost platform to investors.

This tends to focus on all the funds, ETFs and shares available on the market, rather than their own internal products.

The main positives with Saxo Bank is:

  • It is a low-cost platform with good access to a range of funds
  • The technology with the SaxoTraderGo app and Saxo Trader is good.
  • Minimum investments are just $10,000
  • Overall the investments are much better than the other banking options reviewed here. That is because this is more of an independent platform, rather than a banking platform. It is merely offered by a bank with a separate platform. They don’t focus on selling their own products, or expensive investments, unlike some of the other options discussed here.
  • For investors with the time, knowledge and self-control, therefore, this is a good option.

The main negatives with Saxo Bank are:

  • The EU-regulation is both a positive and a negative. With new EU rules coming out on a regular basis, including some which affect investors, new changes and costs can always come into the market.
  • It isn’t available to people in numerous countries — not just the US but some other countries as well. These rules are always changing as well
  • There is no access to professional advice. It is merely a DIY platform.
  • Like other DIY platforms, many people struggle with the “behavioral gap”. In other words, is going to a gym good? Of course, it is good for your health, but what is more important is how often you use it and how you use it — your technique and so on. Let’s face it, most people give up on the gym! The same with investment platforms — if you are investing for yourself your results won’t depend on the platform but your own behavior and self-control.
  • The evidence suggests that the average DIY investor trail the market because they tend to panic when markets are going down and get too excited when they are rising:
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Owner at adamfayed.com.

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