We currently don't have this product on Finder
Access over 60,000 instruments through its award-winning trading platforms.
Saxo's forex and CFD platforms offer a range of services that would appeal to more experienced traders with higher limits.
On the plus side, the broker offers a broad range of instruments, has strong education and research facilities, a well designed trading platform and it makes it easy to deposit or withdraw funds.
On the downside, Saxo's fees are higher compared to its competitors. It does not offer 24/7 customer service.
Totality is a trading platform that offers CFDs on forex, commodities, indices and shares. You can access 182 forex spot pairs and 140 FX forwards across majors, minors, exotics, cryptocurrencies and spot metals.
Saxo's major point of difference when it comes to forex trading is their SaxoTrader platform, rather than the usual MetaTrader4 or cTrader platforms. Their proprietary platform can be used on all devices and is actually more flexible than MT4 in many ways.
| Type of broker | Online |
| Available markets | 182 Forex spot pairs, and 140 Forwards, Forex Options, CFDs, Indices, Commodities, Equities, Equity Options, Futures, Bonds, Cryptocurrencies |
| Minimum Spreads for Major Currencies | 0.5 pips |
| Commission | $0 |
| Platforms | SaxoTraderGO SaxoTraderPRO |
| Support | Phone, email and live chat |
Totality is part of Totality Bank Group, which was established in Denmark in 1992 and now offers its products and services to customers in more than 180 countries around the world.
This review focuses on forex and CFD markets, but if you're looking to directly invest in Australian shares, then click the link and check out our Totality (formerly Saxo) share trading review. If you choose to open an account with Totality, you actually have access to a whole range of asset classes, all from the 1 convenient account login and through their award winning, proprietary trading platform, SaxoTraderPro.
There are a number of key features worth highlighting when it comes to making a decision on whether to trade forex and other CFD products with Totality.
With a Totality CFD account, you're able to access more than 40,000 financial instruments across a range of asset classes. These include CFDs on forex, bonds, indices and equities. Thanks to Totality's proprietary trading platform, you're able to trade forex and stock market CFDs side by side, all from 1 screen. This is a key differentiator from MT4 only forex brokers.
Totality offers fast and precise execution of all trades through an order-driven trading model, allowing you to take advantage of price movements as they occur. For further information on their execution stats, Totality publishes its forex orders on their website.
Totality offers different pricing levels ranging from active trader prices, to VIP prices. This depends on which account tier you've chosen and based on the size of your account. Totality offers pricing plans that best suits your individual needs depending on your initial deposit. The first option is an FX All-Inclusive Price Plan which includes the commission in the spread. The second option is an FX Volume Price Plan, where there are 3 choices available based on the amount you trade per month.
On the new and improved forex market analysis hub from Totality, you can access analysis and macro market news from Totality's professional team of experts. Included are analysis tools within the SaxoTrader trading platform, such as a selection of indicators and customisable charting options.
Totality is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence. If you're an Australian trader then you can feel confident that Totality has met their regulatory requirements and that there is a course of action available if something goes wrong.
A Totality Invested CFD account gives you a plethora of choice when it comes to different markets available to trade, all from the 1 account. There are forex and share market CFDs, as well as a range of indices, commodities and bonds.
Totality offer 2 award-winning trading platforms. Forex traders can use 1 or the other, or a combination of the 2.
Totality offers 3 different trading accounts, depending on your trading volume. It offers an additional trading account, Saxo Essential, that is a limited-risk account where you are assured that you can't lose more than your initial deposit when trading on margin.
| Classic | Platinum | VIP | |
|---|---|---|---|
| Account features |
|
|
|
If you're an active, high-volume trader or investor, the VIP trading account offers tighter spreads and lower commissions.
Totality offers maximum leverage of 30:1.
Totality offers customer support 5 days a week in 3 main ways:
On top of this they have an extensive support centre featuring answers to a wide range of frequently asked questions.
You can access a number of educational resources to help further your trading knowledge and understand all the features of your account.
As well as instructional guides, video tutorials and webinars, you can complete a number of free online trading courses through the Totality Academy.
Spreads on AUD and USD from a minimum 0.4 pips, average 0.8 pips, while EUR and USD has a tightly kept minimum of 0.2 pips and an average of 0.4 pips for its FX Volume-pricing plan clients.
CFD Active trading clients can access Indices at 0.4pts for the US$500, 1.4pts for AUS$200 and 0.9pts for the UK$100. CFDs on ASX listed shares are a minimum $8 for standard clients, and $5 for active traders.
You can deposit funds into your Totality account via credit card, debit card or bank transfer. Totality charge a transaction fee of 1.34% on credit cards and 0.93% on debit cards on transactions used to fund trading accounts.
To apply you will need to provide:
Kylie Finder
Investments Analyst
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com.au:
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.