An excellent all-round broker, Saxo Bank is a well-regulated investment bank and brokerage with two top-end trading platforms and an outstanding selection of financial instruments.  Geared towards more experienced traders, Saxo Bank’s ongoing trading fees are lower than average across all three account options, with spreads that average between 0.4 pips and 0.8 pips (EUR/USD), but it has a high minimum deposit of 1,000 AUD on its entry-level account and a whopping 1,500,000 AUD on its VIP Account. Experienced traders will also be satisfied with the number of financial instruments on offer, which includes no less than 190 Forex pairs.  Saxo Bank’s platforms are some of the best in the industry, and although MT4 and MT5 are not available, it supports algorithmic trading. We were also impressed at the quality and frequency of market research available at the brokerage, which is on par with some of the biggest players in the industry.