Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

SAXO MARKETS

Cyprus|2-5 years|
Suspicious Regulatory License|Counterfeit MT4/5|Chinese market only|High potential risk|

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

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Counterfeit

2
Server Name
SAXO-Demo MT4
Server Location

Contact

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

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Sanction

AU ASIC
2023-05-18

Broker Information

More

Company Name

SAXO BANK SCHWEIZ AG

Company Abbreviation

SAXO MARKETS

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed SAXO MARKETS also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FP Markets

8.87
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

HFM

8.25
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

KCM Trade

7.73
Score
5-10 yearsStraight Through Processing(STP)MT4/5 full license
Official website
Pyramid scheme complaint
Expose

SAXO MARKETS · Company 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.

News

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

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

2022-04-21 11:44

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.

WikiFX
2022-04-21 11:44
News
Ken Shih Has Been Appointed to Lead Saxo Markets' Digital Wealth Services in Greater China
Saxo Markets Singapores Client Onboarding Jumps 24% in H1

NewsSaxo Markets Singapores Client Onboarding Jumps 24% in H1

2021-09-08 10:39

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

WikiFX
2021-09-08 10:39
News
Saxo Markets Singapores Client Onboarding Jumps 24% in H1
Saxo Bank Sees Monthly Recovery of FX Trading Demand in July

NewsSaxo Bank Sees Monthly Recovery of FX Trading Demand in July

2021-08-05 10:54

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

WikiFX
2021-08-05 10:54
News
Saxo Bank Sees Monthly Recovery of FX Trading Demand in July

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

战狼5465
more than one year
I feel sorry to hear that someone got scammed by SAXO MARKETS. It's really unfortunate and I hope he can get his funds back as soon as possible. It's important to be cautious and do proper research before investing with any company. Also, I will need to be more cautious since there're many scammers here.
2023-03-24 14:12
Reply
0
0
老公公
more than one year
Closed my account without explanation and deduct my profit. The SAXO MARKETS stopped my trading, and deduct my profit. It would be unreasonable to deduct my profit!! The money belongs to me!!
2023-02-28 16:51
Reply
0
0
1
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com