Saxo Bank Scam Test

Saxo Bank Scam Test

Saxo Bank Scam Test

With more than 25 years in the industry, Saxo Bank is one of the oldest active brokers in the world. They offer a huge variety of trading instruments, including CFDs and forex, on their website and adhere to the very highest security standards. However, we understand that there are people out there who are sceptical about online trading, but if there’s one company that can change their mind, it’s this one. To show you why we say that, we will present to you the results of our Saxo Bank scam test in the following paragraphs, as our team took a detailed look at the security system on this website. Read on and see what they found out!

Saxo Bank Scam Test | Laws and legislation

First of all, we have to mention that Saxo Bank is a fully regulated company. Given that they originate from Denmark, they are under the authority of the Danish FSA (Financial Supervisory Agency) whose license they’ve been a holder of since 2001. But even before that, this broker was very pedantic about the way it conducted its business because in 1996 they became the very first company in Denmark to get approved under the European Investment Directive. These two instances show that laws and regulations come first here and the company continued to operate in that manner to this very day. In addition, the company’s branches in every country, from UK to South Africa and Japan, are also under strict control of their respective national banks. That’s it for the legislative part of our Saxo Bank scam test; let’s see if everything checks out from the technological standpoint.

Saxo Bank License

Saxo Bank License

Saxo Bank Scam Test | Technology

When you’re testing a website like this, probably the most important thing to check is the trading platform. Fortunately, like we said in our Saxo Bank Review 2017, not only is this platform excellent, but it allowed the company to abandon Metatrader 4. Yes, it is that good! Furthermore, the support is also world-class, well trained and quick to respond, so you can expect no problems from that side, either. Finally, and this is probably the thing that will interest you most, all money transfers work flawlessly. No matter if you’re making a deposit or trying to withdraw your money, the funds will arrive quickly and safely to their destination. Of course, your money WILL be segregated from the company’s funds and your data carefully protected. In other words, our Saxo Bank scam test has proven that you have nothing to worry about.

Saxo Bank Trading Platform

Saxo Bank Trading Platform

Saxo Bank Scam Test | Conclusion

The fact that this company has been around for two and a half decades should be proof enough for everyone that trading here is absolutely safe. If you need more evidence, however, we tested all the most important parts of the security system and never encountered a single problem in this Saxo Bank scam test. Therefore, the best thing to do if you want to be sure you’re trading with a legit broker is to open an account on this website. Do it now – you simply cannot go wrong!

Author's overall rating:
Author: Ben Prescott
Updated:

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