Saxo Bank

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Saxo bank. Saxo bank has a danish banking license and as such it is subject to tougher regulations than brokers. The independent investigation is said to have cost saxo bank millions and were two months overdue when on 29 november 2010 the danish fsa published a statement saying that oliver wyman had concluded that saxo bank was not systematically mispricing its manual order flow to the detriment of its clients or in violation of its general business. Saxo bank is a member of the danish guarantee fund.

In addition to electronically tradeable markets spanning nearly every asset saxo bank offers spot fx fx options non deliverable forwards ndfs contracts for difference cfds stocks stock options exchange traded funds etfs exchange traded notes etns futures. It is also easy to track saxo bank s financial disclosures and we really liked its enhanced disclosure which is a big plus for transparency. In the event that a danish bank including saxo bank should suspend its payments or go into bankruptcy client deposits are guaranteed by the fund with up to eur 100 000 for cash deposits.