Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

SAXO MARKETS

Cyprus Cyprus | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

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

Website

Rating Index

Contact

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

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
SAXO BANK SCHWEIZ AG
Verified Site
About Us
Disclosure
News
Wiki Q&A
Comment

Users who viewed SAXO MARKETS also viewed..

fpmarkets

fpmarkets

8.88
Score
ECN Account20+ yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
fpmarkets
fpmarkets
Score
8.88
ECN Account20+ yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
AVATRADE

AVATRADE

9.50
Score
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
AVATRADE
AVATRADE
Score
9.50
ECN Account15-20 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
Fortune Prime Global

Fortune Prime Global

8.58
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Fortune Prime Global
Fortune Prime Global
Score
8.58
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
Mitrade

Mitrade

8.61
Score
10-15 yearsRegulated in AustraliaMarket Making License (MM)Self-developed
Mitrade
Mitrade
Score
8.61
10-15 yearsRegulated in AustraliaMarket Making License (MM)Self-developed
Official Website

Verified Site

  • saxofore.com
    223.25.242.40
    Server Location
    Malaysia Malaysia
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    WHOIS.VERISIGN-GRS.COM
    Company
    -

Company Profile

Company Profile

Review 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.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

News

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

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

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.

Saxo Markets Singapores Client Onboarding Jumps 24% in H1

News Saxo Markets Singapores Client Onboarding Jumps 24% in H1

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

Saxo Bank Sees Monthly Recovery of FX Trading Demand in July

News Saxo Bank Sees Monthly Recovery of FX Trading Demand in July

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

Wiki Q&A

How safe is trading with SAXO MARKETS?

SAXO MARKETS operates as an unregulated entity with a WikiFX score of 1.54, which warrants a severe risk warning due to the complete absence of credible financial oversight and investor protection mechanisms.

04-02
United States

What is the regulatory status of SAXO MARKETS?

SAXO MARKETS operates without any verified forex trading licenses. The formal entity SAXO BANK SCHWEIZ AG is established in Cyprus but is identified as having no valid regulatory authorization for its current business scope.

04-02
United States

When was SAXO MARKETS established?

The firm has been active in financial markets for approximately 5 to 10 years, with its formal entity registered in Cyprus.

04-02
United States

¿Qué es un sitio web clonado de un bróker?

Un sitio web clonado de un bróker es una página fraudulenta que imita la información de una empresa legítima para inducir a los inversores a realizar depósitos. Estas páginas suelen copiar el nombre de la marca, el diseño del sitio e incluso la información regulatoria. Sus características comunes incluyen dominios similares al sitio oficial, información de contacto difícil de verificar y promesas de rentabilidad inusualmente altas. Una vez transferidos los fondos, normalmente resulta difícil recuperarlos. Se recomienda verificar el dominio oficial, la información regulatoria y utilizar WikiFX como herramienta de verificación adicional.

Two days ago

¿Cómo identificar si un bróker presenta un perfil de riesgo elevado?

Un bróker puede evaluarse como de mayor riesgo considerando factores como la situación regulatoria, las reclamaciones de usuarios, la seguridad de los fondos y la coherencia de la información pública disponible. En general, los brókers sin regulación válida, con problemas frecuentes de retirada o con un elevado número de reclamaciones suelen presentar mayores niveles de riesgo. En WikiFX pueden consultarse el estado regulatorio, la puntuación integral, los registros de exposición y las opiniones de usuarios como referencia adicional.

Two days ago

Bagaimana cara membandingkan broker secara efektif?

Untuk membandingkan broker secara efektif, investor dapat menilai status regulasi, skor keseluruhan, lingkungan trading, kondisi akun, dan umpan balik pengguna. Disarankan memprioritaskan informasi lisensi dan regulator terlebih dahulu, kemudian membandingkan indikator seperti spread, kecepatan eksekusi, serta persyaratan deposit minimum. Fitur perbandingan multidimensi di WikiFX dapat membantu proses analisis secara lebih sistematis.

Two days ago

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

Apakah dana masih dapat dipulihkan setelah terjadi penipuan investasi?

Pemulihan dana setelah terjadi penipuan investasi dapat menjadi proses yang sulit, namun tindakan cepat dapat membantu mengurangi potensi kerugian. Disarankan untuk menyimpan catatan transaksi dan komunikasi, menghubungi pihak bank untuk mencoba menghentikan atau membekukan pembayaran, serta melaporkan kejadian kepada otoritas setempat. Investor juga dapat menggunakan kanal pengaduan di WikiFX untuk meningkatkan visibilitas kasus.

Two days ago
View More
Write a Review
2
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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:qa@wikifx.com
Cooperation:business@wikifx.com