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SaxoTraderGO vs SaxoInvestor: Which One is Right for You?

 

SaxoTraderGO vs SaxoInvestor: Which One is Right for You?

The SaxoTraderGO and SaxoInvestor platforms are extremely similar in many ways, but they have some distinct differences. If you’re looking to trade the forex market, you’ll need to decide which one will be best for your needs.

Each platform has its own pros and cons, so take a look at our comparisons below before you make your decision!


What are the differences between the two platforms?

While both have a long list of features, I’ve found that SaxoTraderGO and SaxoInvestor are better suited to different kinds of traders. 

If you’re someone who likes to watch price movements and pounce on opportunities as they arise, SaxoTraderGO’s commission-free trading could be a good fit. It also offers some great tools like technical analysis and streaming news. 

But if you’re looking for more than just stock quotes, SaxoInvestor might be your best bet. It offers access to a suite of investment products, including mutual funds and exchange-traded funds (ETFs).

Read also : SaxoTraderGO vs SaxoInvestor

How do you choose which one to use?

If you’re a day trader and are just getting started, SaxoTraderGO may be best for you as it is simple and intuitive. 

If, however, you’re an experienced trader or want more in-depth research then consider switching to SaxoInvestor. 

The platform offers more in-depth research tools, including access to fundamental data such as company news and financial reports. 

The price difference between these two platforms is also worth noting: SaxoTraderGO costs $12 per month while SaxoInvestor costs $4 per month for access to all of its features. 

In addition, there are no account minimums on either platform so even if you don’t have much money available to invest at first you can still start trading immediately.


What if I want both platforms?

If you decide to choose one platform but later have a change of heart, don’t worry. As an active investor, you are eligible to switch between platforms at any time. The functionality within each platform will not change, 

and all of your historical data (including pending orders) will remain intact. Simply log in and request your new username/password from your account representative at our Client Support Centre (click here to contact us), and you can be trading with a new broker login within minutes.

 And if you’re a passive trader using PortfolioCenter, there’s no need to transfer accounts – simply set up a second screen on your PC or Mac desktop. For more information about how to set up multiple screens on SaxoTraderGO or SaxoConnect click here .

When it comes to currency pairs, every single one is unique; they all have their own particular traits that make them ideal for certain situations and less than ideal for others.


How can I transfer my account from SaxoTraderGO to SaxoInvestor?

If you have a working account on SaxoTraderGO and want to move it over to SaxoInvestor, all you need to do is fill out an application and complete their on-boarding process. 

The whole process can take as little as two days, but could take up to several weeks depending on your bank's policy. 

We’ve put together a step-by-step guide that will walk you through everything from creating your account to making sure that everything is in order before moving from one platform to another. Check out our guide here! 


What are my costs if I transfer from SaxoTraderGO to SaxoInvestor? 

How do I open a new account with BNP Paribas?: Becoming a client of BNP Paribas means you'll get access to direct trading of Forex, Indices, Commodities and Cryptocurrencies via MT4. 

Creating an account with BNP Paribas is easy – head over here to register and start trading today! How can I deposit money into my BNP Paribas account?: To deposit money into your new BNP Paribas account, you will need to provide them with your bank details so that they can send payment in either USD or EURO.


How do I find a broker using each platform?

Each platform has a unique way of helping you find a broker. With SaxoTraderGO, you can choose your region and select Broker as one of your options.

Then, when viewing details about each broker in that region, you can click on their names to learn more about them. On SaxoInvestor, click Find Brokers in your asset class/s where you wish to invest. 

This will take you to a page where you can enter search criteria like location or type of investment. Click Search and then click View All Results to see all available brokers in your search area(s). 

From there, you can narrow down your list by clicking See Details under any broker’s name. In both cases, you can also contact our customer service team if you have questions or would like assistance with finding a broker.