Totality (formerly Saxo) review: Forex and CFD trading
- Minimum Spreads for Major Currencies
- 0.5 pips
- Available markets
- 182 Forex spot pairs, and 140 Forwards, Forex Options, CFDs, Indices, Commodities, Equities, Equity Options, Futures, Bonds, Cryptocurrencies
- Platforms
- SaxoTraderGO
SaxoTraderPRO
Summary
Access over 60,000 instruments through its award-winning trading platforms.
Totality is a powerful trading platform for experienced, multi-asset traders who want access to a massive range of global markets from one account. With more than 60,000 instruments across nine asset classes, professional-grade platforms and competitive spreads for high-volume traders, it's a serious step up. However, beginners might find the sophisticated platforms and tiered pricing structure overwhelming.
Details
Product details
| 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 |
Pros
- Access over 60,000 global instruments
- $0 commission on forex trades
- ASIC-regulated with a local Australian office
- Advanced proprietary trading platforms
- No minimum deposit or inactivity fees
Cons
- Complex platforms may overwhelm beginners
- Best pricing is reserved for clients with AUD 1 million+ in net asset value
- No simple MetaTrader 4 or 5 option
What's new with Totality?
A lot has changed recently. If you remember this platform as Saxo, you're not wrong. In August 2025, Saxo's Australian operations were rebranded to Totality after being majority-acquired by South African fintech firm DMA.
Key changes include:
- New Platforms. The old SaxoTraderGO and SaxoTraderPRO platforms were retired for Australian clients on 1 April 2026. They have been replaced by the new Totality platform suite: Totality Core, Totality Edge and Totality Apex.
- New Ownership. While Saxo Bank retains a minority stake, Totality is now majority-owned by DMA.
How does Totality work?
Totality is an online broker that offers trading on more than 60,000 financial products, including forex, CFDs, global stocks and bonds. It's regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services Licence (AFSL).
While it was formerly the Australian arm of the Danish Saxo Bank, it now operates as a separate entity with its own platform but still uses Saxo's underlying trading infrastructure. This gives Australian traders access to deep liquidity and a huge range of global markets. You can find out more about the basics of how to trade forex here.
What can I trade with Totality?
Totality offers one of the widest ranges of tradable instruments available to Australian traders, all accessible from a single account.
- Forex. Trade 185 FX spot pairs and 140 forwards, including majors, minors and exotics.
- CFDs. Access over 8,600 CFDs on global stocks, indices, commodities and forex.
- Stocks. Invest in more than 23,000 global stocks from over 50 exchanges. For more detail, check out our separate Totality share trading review.
- ETFs. Choose from over 7,400 ETFs across more than 30 global exchanges.
- Bonds. Access a large inventory of over 5,200 government and corporate bonds.
- Listed Options. Trade over 2,900 listed options on equities, energy and metals.
- Futures. Get exposure to over 250 futures contracts.
- Crypto FX. Trade 9 crypto FX CFD pairs, including BTC/USD and ETH/USD.
What trading platforms does Totality offer?
Totality has replaced the old Saxo platforms with its own proprietary suite, designed for different levels of trading experience. You can access the platforms on desktop, web and mobile apps.
- Totality Core. This is the main platform for managing your account, handling deposits, withdrawals and administrative tasks.
- Totality Edge. Formerly SaxoTraderGO, this is the platform for most active traders. It provides access to all asset classes, news feeds, live charting and analysis tools.
- Totality Apex. This is the advanced, professional-grade platform. It's designed for high-volume, multi-screen traders and features advanced trading tools, algorithmic orders and super-fast execution. It's a great platform if you need to read forex charts with sophisticated tools.
What are Totality's fees and spreads?
Totality has a tiered pricing structure that offers better rates for more active traders. Here’s a breakdown of the key costs.
- Spreads. For forex, fees are built into the spread. Spreads on major pairs like AUD/USD start from 0.4 pips, while EUR/USD starts from 0.5 pips. These are the minimums, with average spreads being higher.
- Commissions. There is no commission on forex spot or forward trades. Commissions do apply to other products like CFDs on shares, with ASX share CFDs starting at 0.04% for First-tier clients (minimum $5) and 0.08% for Classic account holders (minimum $8).
- Inactivity fee. There is no inactivity fee.
- Deposit and withdrawal fees. There are no fees for online deposits or withdrawals.
- Currency conversion fee. A fee of up to 0.45% applies when you trade an instrument in a currency different to your account's base currency. You can learn more about how brokers charge in our guide to forex trading spreads, pips and fees.
What account types does Totality have?
Totality offers a range of account types to suit different needs, from individual traders to complex entities.
First, you choose your pricing tier, which is based on your account's net asset value with Totality:
- Classic. The standard tier for most users.
- First. For clients with AUD 1 million+ in net asset value, offering sharper pricing, priority service and other perks.
Second, you choose the account structure:
- Individual
- Joint (for two people)
- Corporate
- Trust
- Self-Managed Super Fund (SMSF)
How does Totality compare to other brokers?
| Totality | IC Markets | Pepperstone | |
|---|---|---|---|
| Best for | Experienced, multi-asset traders | Algorithmic and high-frequency traders | All-round value and platform choice |
| Platforms | Totality Edge, Totality Apex (Proprietary) | MT4, MT5, cTrader, TradingView | MT4, MT5, cTrader, TradingView |
| FX Spreads (from) | 0.4 pips (AUD/USD) | 0.0 pips + commission | 0.0 pips + commission |
| Tradable Instruments | 60,000+ | 2,250+ | 1,200+ |
| Key Feature | Huge range of global markets in one account | Very low spreads and fast execution | Excellent customer support and platform options |
While Totality excels with its enormous product range, platforms like IC Markets and Pepperstone are popular for their integration with industry-standard platforms like MetaTrader and cTrader, which many traders prefer for their customisability and support for automated trading strategies.
Is Totality safe?
Yes, Totality is considered safe for Australian traders. It is the trading name of Totality Wealth Limited, which is regulated by the Australian Securities and Investments Commission (ASIC) and holds Australian Financial Services Licence number 280372.
Under ASIC regulation, Totality must meet strict capital requirements and segregate client funds from company funds, providing a layer of protection for your money.
How to open a Totality account
You can open an account online through the Totality website. The process is digital and you will typically need to provide the following:
- Your name, address, date of birth and contact details
- Proof of identity, such as a driver's licence or passport
- Your Tax File Number (TFN)
The minimum trade size for forex CFDs is 5,000 units (with other products, such as bond CFDs, subject to their own separate minimums).
Frequently asked questions
Sources
Your reviews
Kylie Finder
Investments Analyst
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