Advanced trading platform
Saxo Bank's web trading platform is one of the best among online brokers. It's easy to use, but also provides features favored by professionals, such as an advanced order panel. Saxo's user interface is proprietary. The broker built its trading platforms, SaxoTraderPRO (downloadable) and SaxoTraderGO (web-based), with the trader in mind. It provides major upgrades over the industry standard MT4, which can only be accessed through an API interface, and the newer cTrader. Furthermore, seamless integration with third-party tools opens up a myriad of possibilities for an advanced trader.
SaxoTraderGO offers limited customisation. This web-based version allows organisation of charts, news, research and watchlists according to trader specifications. Charting and technical indicators are full-featured, with custom time management and linking among platform windows. On the other hand, SaxoTraderPRO is a fully customisable desktop interface that works on Windows and macOS. The user has the option of utilising up to six screens to take advantage of the advanced workspace management. Order tickets are engineered to optimise productivity while displaying all pertinent information. Additionally, algorithmic trading orders can be fully integrated upon activation. Subscription-based tools, such as "depth of market" and "time and sales" data, are available and can prove to be value-added features.
Additionally, Saxo offers clients the option to build bespoke applications via APIs, both its own OpenAPI and third-party API (Excel, etc.) that can access Saxo's data feeds. On top of all this, clients can access third-party applications, such as TradingView, Dynamic Trend and MultiCharts to assist them in trading. For example, MultiCharts allows traders to back test strategies while TradingView advertises itself as a social trading platform. Saxo does not offer local VPS hosting.