About its history and mission
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.
- Founded
- —
- Headquarters
- Address
- Website
Strengths and Weaknesses
Strengths
- 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
Weaknesses
- High minimum deposit for premium accounts (Platinum and VIP)
- Inactivity fees and custody fees may apply
- Limited support for MetaTrader platforms
Safety and Regulations
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.
Regulators
- Financial Conduct Authority (FCA), UK
- Financial Services Authority (FSA), Denmark
- ASIC Australian Securities & Investments Commission
Instruments Available
Types of Accounts
Classic
- Minimum deposit
- $0
- Commission
- 0.9
- Available tools
- 0
- Leverage
- 1:1 to 1:30
- Margin call level
- 100
- Stop-out level
- 50
Platinum
- Minimum deposit
- $0
- Commission
- 0.8
- Available tools
- 0
- Leverage
- 1:1 to 1:100
- Margin call level
- 100
- Stop-out level
- 50
VIP
- Minimum deposit
- $0
- Commission
- 0.7
- Available tools
- 0
- Leverage
- 1:1 to 1:500
- Margin call level
- 100
- Stop-out level
- 50
Fees and Charges
Saxo operates a transparent fee structure:
Trading Platforms
SaxoTraderGO
Includes intuitive layouts, advanced charting, and integrated trading tools.
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.
Trading API
For those who wish to build their own trading apps using Saxo's infrastructure.
Customer Support
Contact information not available. Visit the broker’s website for support options.
Deposits and Withdrawals
Methods
- Processing time
- Deposits take 1-2 business days; withdrawals take 2-5 business days.
- Fees
- No deposit fees but withdrawal fees may apply depending on the method and region.
FAQ
Is Saxo a regulated broker?
What trading platforms are available?
What is the minimum deposit to open an account?
What is the maximum leverage available?
Users 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