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SaxoTraderGO vs SaxoTraderPRO: Which One is Right for You?

SaxoTraderGO vs SaxoTraderPRO: Which One is Right for You?


Amy site - Saxo's core trading platforms are known as SaxoTraderPRO and SaxoTraderGO. The only difference between the two platforms is the interface, which makes them perfect for different types of traders. In this guide, we'll show you the advantages and disadvantages of both platforms to help you choose the one that will suit your needs and allow you to take your trading to the next level.


SaxoTraderGO

If you're looking to start trading with a relatively simple, low-cost platform and would prefer not to trade on your phone or tablet, SaxoTraderGO may be right for you. It comes equipped with many of the same functions as its counterpart (like market news, technical and fundamental analysis), but without some of its bells and whistles. Check out our in-depth review here. 

If you want all of those features in one place, SaxoTraderPRO is probably better suited for your needs. With over 20 years of experience behind it—not to mention financial backing from nine European banks—you can feel confident that it's reliable and secure. This offering also supports several languages, including English, French, German, Polish, and Spanish.

Thoroughly compare both platforms before deciding which is best suited for your needs! Here's how they stack up against each other. For a full review of each platform, click here.

Read also :saxotradergo vs saxotraderpro, which is the best?

SaxoTraderPRO

The advanced platform offers options, stocks, futures, and more. Its fixed spreads and commissions are a major plus. If you're an experienced trader who needs multiple trading tools at your fingertips, then SaxoTraderPRO will give you what you need. On top of that, customer support keeps you in line (which can be invaluable if you really want to make your trading work). 

But that service comes with a cost; the price per trade can add up quickly. This platform also isn't available on mobile devices, which could pose a problem for traders on the go. There's no web-based offering either. So if you're looking for a single, all-inclusive solution—you might find yourself wanting.

For those reasons, it may not be right for everyone. However, if you have a little bit of trading experience under your belt already and feel like you need some hand-holding through rough patches, then SaxoTraderPRO could be just what you're looking for. It's a fully customizable interface that allows you to pick and choose exactly how you want to trade. 

And since its commission structure is fixed, it won't surprise you with hidden fees or charges later down the road. That said, if you aren't sure about trading yet or don't know much about technical analysis, then SaxoTraderPRO probably isn't for you—stick with SaxoTraderGO until you get your feet wet.

Read also : Saxo Trader Go Online Future

Verdict

While there are a lot of overlaps between both platforms, each one specializes in a different niche. Consider your trading style when deciding which platform to use. 

SaxoTraderGO may be your best option if you're a scalper since it offers access to fast market data and tight spreads. However, if you trade larger positions or hold positions overnight, consider upgrading to SaxoTraderPRO with its additional tools like charts with more technical indicators and advanced order types. 

In addition, many traders choose to combine both platforms by using SaxoTraderGO during the day and switching over to SaxoTraderPRO for their evening trades. Either way, make sure that whichever platform you choose has enough features to meet your needs before committing. 

Also, note that certain account types will have limited access to certain features. For example, standard accounts on SaxoTraderGO won't have access to ECN markets and margin options until they upgrade to either Essential or Premium account levels. Check out our table below for a quick comparison of key features across all three platforms.