SaxoTraderPRO: A Professional-Grade Multi-Asset Trading Platform
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Advanced Features and Comprehensive Market Access
SaxoTraderPRO is a professional-grade multi-asset trading platform operated by Saxo Group, fully regulated by the UK Financial Conduct Authority (FCA). It offers advanced features, comprehensive market access, a customisable interface, risk management tools, and competitive pricing. This review emphasises its suitability for high-volume, active traders and the availability of support services. Overall, SaxoTraderPRO provides a reliable and powerful trading experience supported by a trusted company, making it an excellent choice for experienced traders.
Introduction
SaxoTraderPRO, is a powerful multi-asset trading platform designed for high-volume, active traders. With its comprehensive range of features, advanced order types, integrated risk management tools, and access to a wide variety of markets, SaxoTraderPRO aims to provide professional-grade trading capabilities to meet the needs of experienced traders.
Platform Overview
SaxoTraderPRO offers a fully customisable and professional-grade platform that empowers traders with advanced tools and functionalities. The platform boasts algorithmic orders, one-click trading, options chains, and comprehensive charting packages.
Additionally, the revamped account section enables users to analyse their performance in detail.
Asset Classes
Traders using SaxoTraderPRO can access a diverse range of asset classes, including stocks, mutual funds, ETFs, bonds, forex, CFDs, futures, commodities, forex options, listed options, trading strategies, and managed portfolios.
This broad selection allows traders to diversify their portfolios and explore various investment opportunities.
Interface and Accessibility
The platform's interface is fully customisable, catering to individual preferences across six screens. It offers advanced workspace management and multi-channel linking between modules, allowing for efficient navigation.
SaxoTraderPRO is accessible on both PC and MAC systems, easy to download and providing flexibility to traders regardless of their preferred operating system.
Target Audience
SaxoTraderPRO is primarily designed for high-volume, active traders who require a professional-grade trading platform with advanced features. It may not be suitable for small or medium-volume traders or long-term investors, who might find SaxoTraderGO, the web-based platform by Saxo, more suitable for their needs.
Mobile Application
While SaxoTraderPRO is a downloadable application, Saxo clients have access to SaxoTraderGO, a web-based platform optimised for mobile, tablet, and single-screen laptops. SaxoTraderGO offers native applications for iOS and Android devices, allowing traders to access their personal settings, watchlists, orders, and trade positions on the go, all synchronised with their SaxoTraderPRO account.
Costs and Subscriptions
SaxoTraderPRO can be downloaded for free without any monthly charges.
However, certain features, such as Level 2 market data, require a subscription. Traders can choose the subscription that best fits their needs and trading style.
Technical Requirements
To run SaxoTraderPRO, the minimum hardware requirements are Windows 8 or 10+ (64-bit) or Mac OS 10.11+, an Intel i3 3rd generation (or mobile-class 6th), i5 2nd generation (or mobile-class 4th), or equivalent CPU, 8GB of RAM, 650MB of free disk space, a screen resolution of 1366x768, and an internet connection of at least 2Mbps.
It is recommended to have a quad-core CPU, Intel i5 3rd generation (or mobile-class 6th) or equivalent, 8GB of RAM (16GB for multiple displays), a graphics card equivalent to Intel HD Graphics 530 with 256MB display memory per screen, an SSD disk, a screen size of 22" with a resolution of 1920x1080, and a DSL/Cable internet connection of 10Mbps.
Advanced Trading Features
SaxoTraderPRO offers a range of high-performance tools to manage and execute orders, with in-depth market analysis features. Notable features include an advanced trade ticket, Depth Trader for real-time Level 2 order book management, time and sales data for transparency, algorithmic orders, a comprehensive charting package, option chains, and a revamped account section with performance analysis tools.
Risk Management and Account Overview
SaxoTraderPRO provides innovative risk-management features to help traders control their positions effectively. These features include the account shield, stop orders, cancel all orders, margin breakdown monitoring, margin alerts, and quick close positions.
Traders can analyce their performance in detail through the comprehensive account overview, which includes performance analysis, returns breakdown, and portfolio summary.
Pricing and Competitive Rates
SaxoTraderPRO offers competitive pricing with market-leading entry prices, tighter spreads, and lower commissions as traders upgrade their trading tiers. Transaction fees vary based on the asset class traded. For example, FX spreads can be as low as 0.4 pips, FX options have spreads as low as 3 pips, and CFDs can have spreads as low as 0.85 on UK 100.
The platform provides access to a wide range of asset classes, including stocks, commodities, ETFs, futures, bonds, listed options, and more, each with its own pricing structure.
Customer Support and Expert Services
SaxoTraderPRO offers various support options, including integrated digital support through the self-service Support Centre and platform-integrated helpdesk.
Traders can access a range of educational courses, in addition to email helpdesk assistance. Saxo's teams, consisting of Saxo platform specialists, operate in 16 countries and provide personalised support tailored to individual markets.
The platform also benefits from in-house analysts, known as the #SaxoStrats, who offer daily insights, analysis, and views on global markets, asset classes, and tradable instruments.
Regulation and Trustworthiness
Saxo Group, the company behind SaxoTraderPRO, adheres to strict regulatory standards and is authorised and regulated by the Financial Conduct Authority (FCA) in the UK.
With over 30 years of experience and serving over 1,000,000 satisfied customers worldwide, Saxo Group has earned a reputation for its financial strength, stability, and high-quality service.
The company holds over 70 billion GBP in assets under management (AUM) and processes 1 million transactions daily.
Conclusion
SaxoTraderPRO by the Saxo Group is a comprehensive and powerful multi-asset trading platform tailored for high-volume, active traders.
With its advanced order types, extensive research tools, integrated risk management features, and access to a wide range of markets, the platform empowers traders to execute their strategies efficiently.
While it may not be suitable for all types of traders, SaxoTraderPRO offers a professional-grade trading experience with robust technical capabilities, backed by a reputable and trustworthy company.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits on some products.