Brokerage companies have quite tight competitions to provide the best services and attract the traders to use their platforms. There are many brokerage and trading companies from many countries. As the growth of traders from all around the world, the companies do not want to miss the chances. Of course, this situation can bring benefits for the traders since there will be more services that they can obtain. What they need to do is to find the suitable brokers. You may also look for the broker that can have suitable services and platform for you. SaxoBank can become one of them. In this case, you should check the Saxo Bank review 2022 before you make your decision since you need to know more about the broker before you decide to use its services or not.
Profile of the SaxoBank Brokerage Company
SaxoBank Brokerage Company or the SaxoBank becomes one of the seniors in the trading business. It has started its business since 1992. It is more than 20 years ago and it still exists and develops its platforms and services until now. However, it became more active in trading and gained its license some years after its establishment. It obtained its license in 2001 so it is around nine years after the company was founded. The regulator of the SaxoBank is FSA. It is the Danish regulator. After it obtained the license, it changes its name into SaxoBank so it is like to make it simpler and shorter.
SaxoBank gained great development during those years of services. Currently, the broker is active in many countries. There are users from around 170 countries that use the platform from the broker. Of course, it has good services and that is why there are users from many places. Even in 2017, its terminal called as SaxoTraderGO was awarded as the trading platform by the e-FX Awards and ADVFN International Financial Award. This can become proof that the broker is not only rich in experience but it still can keep up with the development of technology and the trading business.
Benefits Offered by the SaxoBank
In term of services, of course it delivers good services for the users from all around the world. However, its platform is specialized for the professional traders, especially the ones with at least one-year experience. It means that the platform is not suitable for the beginners or novice traders who still need to learn and adapt with the platforms and functions in trading. Based on its minimum deposit, it ca also be confirmed that it is more suitable for the professional traders since SaxoBank set its minimum deposit in $10,000. It is great number for the beginners and it is surely not suitable for them to take huge risks by using this amount of capital.
Since it is dedicated for the professional trader, it provides good functions and tools to read the market and make various analyses and predictions. As for the instrument, there are more than 40 thousand instruments for trading in different categories. These are surely great numbers of choices. For the professional trader, it brings great opportunity since they can seek the most profitable instrument for them. With those qualities, SaxoBank becomes one of the best investment brokers in 2022.