See thread "Saxotrader pros & cons" in Forex Brokers forum of this board before conducting any business with Saxo Bank. Check elsewhere, too. I say that because Saxo ripped us off. Also, it holds itself out as accountable to a regulator when in fact it is not accountable at all. I know. When it burned our account, we sought help from Saxo's so-called Danish regulator. No luck, not even the courtesy of a meaningful reply. The regulator, Finanstilsynet (the Danish name), told us that Saxo is protected by confidentiality even from requests to the regulator from Saxo's own customers.