When exploring credible and reliable forex brokers, many people consider Saxo Bank to be a solid option. Saxo Bank is the parent organization of SaxoTraderPRO; and it is an institution that has accumulated a powerhouse reputation on all matters to do with trading over the last couple of decades and it has unlimited resources as well.
SaxoTraderPRO is the desktop based platform of Saxo Bank. It is available on both Windows and Mac operating systems– and it has no monthly fees. For active traders and institutional clients, buying stocks with SaxoTraderPRO is a solid option because the platform is both feature-rich and intuitive. This platform offers a customizable workspace and is highly advanced for multi-screen trading. It also grants brokers the functionality to navigate and trade in place of their clients.
Features of SaxoTraderPRO
Combining form and function. The platform has the capability to combine form and function in an impressive manner. It runs well on the two primary desktop platforms — both Windows and Mac — and also runs well on all desktop browsers. This trading platform is easy to use. Charting is excellent with more than fifty indicators and it also has seventeen drawing tools.
Wide range product catalog. SaxoTraderPRO has many reliable trading instruments; this means one can extend their portfolio, execute trade beyond 36 international exchanges as well as engage in short or long trades. Investment options include spot metals, futures, Forex trading (FX), contracts for difference (CFDs), options, Exchange traded funds (ETFs) and bonds. This is all available on one trading account.
Multi-screen capability. Multi-screen capability is crucial for traders because one screen limits their functionality and multi-tasking. Multi-screens enable the trader to monitor multiple charts at the same time, observe multiple sources of information simultaneously; SaxoTraderPRO allows for up to six screens. Normally there is a primary monitor then all others are secondary monitors that normally compliment the main unit.
High performance. SaxoTraderPRO is a platform whose execution functionality is reliable and fast. This platform dedicates high performance tools and features for its clientele for better analysis of markets and better management and execution of orders.
Customer service. Any capital market review is not comprehensive without discussing customer service. Typically, most trading platforms have real time customer support because as investors go about trading challenges do arise. The clients may have queries regarding their accounts as well as general trading questions. Normally for web based platforms, most queries will have solutions in the support section, as most of them are frequently asked questions.
Pros of using SaxoTraderPRO
Multi-device functionality. In addition to web trading platforms and desktop trading platforms, SaxoTraderPRO also has a mobile version of the platform which means even on the go you are able to trade and keep up with markets. This platform is also well equipped to handle things.
Low initial deposit. In comparison to other platforms such as the Saxo bank investment platform, SaxoTraderPRO has a very low initial deposit requirement of $3000 all without limited functionality whatsoever. This makes the platform practical as a result of its affordability.
Highly intuitive user interface. The desktop experience is very good. The interface is highly customizable, letting traders organize charts, read news, do research and have watch lists all at the same time. Technical indicators and charting tools are fully featured with customizable period-management and linking between various platform windows. The interface also has a variety of options including buy-, sell-, and stop-orders that help counter the competition. All this is accessible through the platform.
To sum it all up trading can be very rewarding. It is important to note however that there are other trading platforms that are compatible with smartphones and the SaxoInvestor platform which offer multiple investment options as well.
Photo Credit: stock photo
Tried forex trading for a few months. Lost my ass.
Len Penzo says
Sorry to hear that.