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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

SAXO MARKETS

Cyprus Cyprus | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://www.saxofore.com/en/

Website

Rating Index

Contact

http://www.saxofore.com/en/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
SAXO BANK SCHWEIZ AG
Verified Site
About Us
Disclosure
News
Wiki Q&A
Comment

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Official Website

Verified Site

  • saxofore.com
    223.25.242.40
    Server Location
    Malaysia Malaysia
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    WHOIS.VERISIGN-GRS.COM
    Company
    -

Company Profile

Company Profile

Review summary

Since SAXO MARKETS official website (http://www.saxofore.com/en/) is temporarily down at the moment, we could only piece together this brokerage house by gathering some relevant information from other websites.

General Information

SAXO MARKETS is said to be a forex brokerage registered in Cyprus, the company behind it allegedly called “SAXO BANK SCHWEIZ AG”. This broker was firm established not quite long, with its operating time only between two and five years.

SAXO MARKETSs regulatory status on WikiFX is marked as “No License”, as it has been verified that this broker is currently under no valid regulation, and it has got a quite low score of 1.34/10 on WikiFX. Please be aware of the risk.

wikifx

Leverage

Leverage is not mentioned anywhere. Nowadays, many European regulators lower leverage cap below 1:30 for major forex pairs to protect retail traders. However, offshore and unregulated forex broker under no restriction on leverage still offers high leverage to attract investors.

Leverage can amplify gains as well as losses, therefore, it is important for traders to choose the proper amount of leverage amount that they feel most at ease.

Trading Platform

When it comes to trading platforms available, SAXO MARKETS offers its clients access to the leading MT4 trading platform,

Negative Reviews

Some defrauded traders reported that this broker is a fraud platform, rejected their withdrawal request and stealing their deposited money.

Before choose a forex broker, it is important to check out some real trader reviews on professional forex broker regulatory inquiry websites, like WikiFX, give you a clear picture of whether a forex broker is regulated or not.

Customer Support

SAXO MARKETS does not release its contact details, which is a dangerous sign. In most cases, quick customer support response matters if something goes wrong with traders trading process.

Risk Warning

Forex trading and leveraged trading carry a high level of risks, and it is not suitable for all investors.

Please note that the information contained in this article is for general information purposes only.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

News

Ken Shih Has Been Appointed to Lead Saxo Markets' Digital Wealth Services in Greater China

News Ken Shih Has Been Appointed to Lead Saxo Markets' Digital Wealth Services in Greater China

Ken Shih has been named as the Head of Wealth Management in Greater China by Saxo Markets, the licensed subsidiary of Saxo Bank, a fintech expert that links consumers to investment possibilities in global capital markets.

Saxo Markets Singapores Client Onboarding Jumps 24% in H1

News Saxo Markets Singapores Client Onboarding Jumps 24% in H1

75 percent of the new traders on the platform are below 40 years old.

Saxo Bank Sees Monthly Recovery of FX Trading Demand in July

News Saxo Bank Sees Monthly Recovery of FX Trading Demand in July

Overall trading demand on the broker strengthened to $309.5 billion.

Wiki Q&A

How safe is trading with SAXO MARKETS?

SAXO MARKETS operates as an unregulated entity with a WikiFX score of 1.54, which warrants a severe risk warning due to the complete absence of credible financial oversight and investor protection mechanisms.

04-02
United States

What is the regulatory status of SAXO MARKETS?

SAXO MARKETS operates without any verified forex trading licenses. The formal entity SAXO BANK SCHWEIZ AG is established in Cyprus but is identified as having no valid regulatory authorization for its current business scope.

04-02
United States

When was SAXO MARKETS established?

The firm has been active in financial markets for approximately 5 to 10 years, with its formal entity registered in Cyprus.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

Apa arti broker memiliki beberapa lisensi regulasi?

Broker yang memiliki beberapa lisensi regulasi biasanya beroperasi di berbagai yurisdiksi dan harus mematuhi persyaratan dari beberapa regulator, yang dapat menunjukkan tingkat kredibilitas operasional yang lebih tinggi. Namun demikian, kekuatan pengawasan setiap lisensi dapat berbeda, terutama lisensi offshore. Disarankan memeriksa lisensi dari regulator utama seperti FCA atau ASIC melalui WikiFX.

In a week

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

¿Qué aspectos deben considerarse al elegir un bróker seguro?

Al elegir un bróker seguro, los inversores deben centrarse en factores como la situación regulatoria, la seguridad de los fondos y la transparencia de las condiciones de trading. Generalmente se recomienda priorizar plataformas reguladas por organismos reconocidos como la FCA, la SEC o la ASIC. También es importante verificar si los fondos se mantienen en cuentas segregadas, si la estructura de comisiones es transparente y si existen incidencias relacionadas con retiradas o reclamaciones relevantes. La puntuación de WikiFX y los comentarios de usuarios pueden servir como referencia adicional.

In a week

¿Cómo comparar diferentes brókers de forma eficaz?

Para comparar diferentes brókers, los inversores pueden evaluar factores como la situación regulatoria, la puntuación integral, el entorno de trading, las condiciones de cuenta y los comentarios de usuarios. Se recomienda priorizar la verificación del estado regulatorio y las licencias, seguida del análisis de la puntuación WikiFX y sus distintos índices. La herramienta de comparación multidimensional de WikiFX permite realizar evaluaciones más estructuradas y eficientes.

In a week
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