Saxo Bank promotes Dr Patrick Hunger to CEO of Swiss operations

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The owner began keeping the major currencies on hand. The company was subsequently acquired by Statens Järnvägar , the Swedish State Railways, which expanded the operations until it was sold to Rolf Friberg in The company was for many years the only one apart from the banks that was licensed to conduct currency exchange in Sweden.

The company, which is still wholly owned by the Friberg family, has expanded into Finland , Denmark and Norway and has shops, [2] [3] [4] [5] located at railway stations or airports, shopping malls and other hubs. In , the company extended its business into banking and can also offer current and savings accounts incl internet and mobile banking, loans, debit and credit cards, cash handling, money transfer and payments.

From Wikipedia, the free encyclopedia. Forex Bank AB Type. Retrieved 16 April Retrieved from " https: Companies based in Stockholm Banks of Sweden Banks established in Foreign exchange companies establishments in Sweden European bank stubs Sweden stubs.

People, if you had problems with teading, I think you should learn how to trade first. I had some losses with Saxo Bank, but I don't shift my blame on them, I realize that my strategy was a rubbish. Now I make good profit and there's no problem within the foreseeable future. Last my withdrawal was processed on Monday, at the day of y request. I traded at Saxo in the first few months of I stopped there after 3 months. When I think of Saxo I think: And I have seen too many times that they let their price miss my take-profit order while the underlying market had made a bigger move.

Their spread is also not competitive. I would recommend this broker to my enemy only. Please stay away from Saxobank. U need only a few minutes for refilling the account, but very difficult to withdraw cash from the account. In particular, I am sending them these requests for withdrawal of my money every day. They replie to do this today, but it had been a week and "breakfasts feed" to this day.

Platform is horrible, too much mistakes and delays. I have often observed such a mistake as "internal server error". If were errors with stop to loss, I losed my money more. They wrote on the their website that for opening the account need two thousand dollars only in the first, but really they require ten thousands. They have just paid out some of the Investors who lost money in GFX. Will they pay the rest. It is the worth broker ever. It takes only few second to deposit your account, but it is extremely difficult to withdraw cash from your account.

I withdrawn my money last week, but haven't got any money so far and I am not sure if I would get it. I have called them several times, and they said everytime I called that you would get money today, but money never be transferred to my bank account. The platform is horrible, too many errors and delay. I have experienced an error such as "internal server error".

You cannot place an order, cancel an order or even change your stop loss, unless you sign out and sign in again. You stop loss does not stop at the point you set, and you will always loose money more than you have set your stop loss.

They wrote on their website, that the minimum deposit is USD, but this account is not available, and they will ask you to pay USD for deposit.

They are the worst broker I have come across. They seem to activate my stop losses and profit from it. To submit your own Forex Broker review for Saxo Bank fill the form below. Your review will be checked by a moderator and published on this page. By submitting a Forex Broker review to EarnForex.

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