Overview
Saxo Bank originated in 1992 and is centered in Copenhagen, Denmark. With a reputation for offering competitive solutions in multi-asset trading and investment, the bank now serves a wide range of clients, including corporate finance, professional traders, institutions, and individuals with high net worth.
Indeed, Saxo has upwards of 40,000 tradable instruments to its name across multiple markets worldwide, and the company has established a transparent, innovative, regulated status. This is one of the ways the firm maintains its rightful place in both domestic and international markets.
In March 2025, J. Safra Sarasin Group announced an agreement to acquire a 70% majority stake in Saxo Bank, with the transaction completing in March 2026.
- Founded
- 0
Strengths and watchouts
- Regulated by multiple top-tier financial authorities
- Access to a wide range of markets and instruments
- Advanced trading platforms (SaxoTraderGO and SaxoTraderPRO)
- High-quality research and educational resources
- Competitive spreads and transparent pricing
- High minimum deposit for premium accounts (Platinum and VIP)
- Inactivity fees and custody fees may apply
- Limited support for MetaTrader platforms
Safety and regulation
In several countries worldwide: Client funds are held in segregated accounts and comply with stringent safety standards. Meanwhile, the bank ensures negative balance protection is provided, and for retail traders, two-factor authentication and encryption are available.
- Financial Conduct Authority (FCA), UK
- Financial Services Authority (FSA), Denmark
- ASIC Australian Securities & Investments Commission
Between 70% and 85% of retail investor accounts lose money when trading CFDs with most regulated providers — the exact figure for any specific broker is published on that broker's own website. Consider whether you understand how these instruments work and whether you can afford the high risk of losing your money.
Markets available
- Currencies
- Stocks
- ETFs
- Bonds
- Options and Futures
- Raw Materials
- Cryptocurrencies
Account types
| Account | Min deposit | Commission | Leverage |
|---|---|---|---|
| Classic | Not verified | 0.9 | 1:1 to 1:30 |
| Platinum | Not verified | 0.8 | 1:1 to 1:100 |
| VIP | Not verified | 0.7 | 1:1 to 1:500 |
Fees and costs
Saxo operates a transparent fee structure:
Trading platforms
- SaxoTraderGO
Includes intuitive layouts, advanced charting, and integrated trading tools.
web - SaxoTraderPRO
A pro-grade platform for multi-screen support of active traders, advanced-order types, and algo-trading capabilities in forex, CFDs, and futures trading.
desktop - Trading API
For those who wish to build their own trading apps using Saxo's infrastructure.
web
Deposits and withdrawals
- Bank transfer
- Visa/MasterCard
- Local Payment Solutions.
How we reviewed this broker
Each broker review documents the broker's claimed regulators, cross-references them against the public registers (FCA, CySEC, ASIC, FSCA, BCC and others), and notes any divergence. Where a regulator has issued a public advisory, the URL is cited inline so a reader can verify it directly. Tradable instruments, account types, and fees are sourced from the broker's published disclosures or documented as unavailable. The full scoring methodology is public.
Read the full methodology →Focused research pages
- RegulationSaxo regulation and safety checks
- Account openingSaxo minimum deposit and account-opening checks
- Minimum depositSaxo minimum deposit and funding threshold checks
- Company backgroundSaxo company background and entity checks
- RatingSaxo rating context and methodology checks
- SafetySaxo safety, funds protection and entity checks
- Pros and consSaxo pros, cons and trade-off checks
- FeesSaxo fees, minimum deposit and cost checks
- MarketsSaxo markets and product availability checks
- Public reputationSaxo public reviews and reputation checks
- Bond accessSaxo bond access and fixed-income checks
- SIPPSaxo SIPP account research checklist
- FundingSaxo deposits, withdrawals and funding checks
Frequently asked questions
Is Saxo a regulated broker?
Yes, Saxo is regulated by several leading authorities such as FCA, FINMA, and ASIC, ensuring a safe trading environment.
What trading platforms are available?
Saxo includes trading through platforms such as SaxoTraderGO, SaxoTraderPRO, and API trading solutions.
What is the minimum deposit to open an account?
The minimum deposit required is $2,000 for a classic account, $200,000 for a platinum account, and $1,000,000 for a VIP account.
What is the maximum leverage available?
Retail traders can get leverage up to 1:30, with higher leverage available to some professional clients based on asset class and jurisdiction.
Where this broker is ranked
- Use case · ranked #1Best Brokers for Swing TradingBest Overall for Swing Trading
- Use case · ranked #2Best Online BrokersBest for Premium Multi-Asset Investors
- Asset class · ranked #2Best Stock BrokersBest Premium Stock Broker
- Platform · ranked #2Best Trading PlatformsBest Premium Trading Platform
- Region · ranked #3Best Brokers in LatviaBest for Latvia Premium Investors
- Asset class · ranked #4Best Forex BrokersBest for Premium Multi-Asset
- Asset class · ranked #5Best CFD BrokersBest for Stock CFDs
Related comparisons
- Compare with DukascopyDukascopy vs SaxoDukascopy and Saxo are useful to compare for readers researching more institutionally styled multi-asset broker choices. This page keeps the comparison source-limited to InvestorTrip's current rows and pushes users toward account-document verification.
- Compare with Interactive BrokersInteractive Brokers vs SaxoInteractive Brokers and Saxo are both multi-asset broker choices for investors who want more than a simple single-market trading app. This page compares the public InvestorTrip rows side by side, without making a country-specific availability or tax-wrapper claim.
- Compare with SwissquoteSwissquote vs SaxoSwissquote and Saxo are often compared by investors looking at institutionally styled multi-asset broker choices. This comparison stays within InvestorTrip's current rows and emphasizes account-document verification before any funding decision.
Reader reviews
Marco
Feb 9, 2025
The chatbot wasn't able to assist me, but the live chat with a representative provided the correct information right away. Impressive!
Glenn
Feb 9, 2025
I recently interacted with Ashvin Vijay, and I must say he exceeded my expectations. He was incredibly supportive, courteous, and efficient in addressing my concerns. However, I find myself in a frustrating situation with Saxo, as they are requiring me to close my account due to my residency in Indonesia. While I managed to successfully transfer six stocks to a different broker, subsequent attempts to move the remaining stocks have been unsuccessful. If I had to rate Saxo's stock transfer system on a scale from 1 to 5, it would definitely be a 1.
PATRICK
Feb 8, 2025
He is incredibly patient, and his guidance is immensely beneficial. He simplifies things, making it much easier to navigate the Saxo trading platform.
Showing 1–3 of 10 reviews