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Match Me

Saxo Bank Review

James Wilson

Written by

James Wilson
Edith Balazs

Fact Checked by

Edith Balazs

Updated

Jan 4, 2026
Broker review header

96

Trust Score: 96/100

Based on regulatory status, company history, and financial transparency

  • Licensed Danish bank since 1992
  • 70,000+ tradeable instruments
  • Regulated by DFSA, FCA, MAS, FINMA
  • Professional-grade platforms
  • S&P investment-grade rating

Founded

1992

Headquarters

Copenhagen, Denmark

Clients

500,000+

Why choose Saxo Bank

Saxo Bank is a Danish investment bank founded in 1992, offering professional-grade trading across 70,000+ instruments. Known for premium platforms (SaxoTraderGO, SaxoTraderPRO) and extensive product range including stocks, bonds, options, and futures.

Pros

  • Licensed bank with investment-grade rating
  • Regulated by multiple Tier-1 authorities
  • Massive 70,000+ instrument selection
  • Professional-grade platforms
  • Listed options and futures

Cons

  • Higher minimum for premium tiers
  • More expensive for small traders
  • Complex platform for beginners
Saxo Bank logo

Saxo Bank

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Popular choice

Min Deposit:

$500

Inactivity Fee:

No

Regulated:

Yes

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Saxo Bank's major pricing overhaul from 2024 remains in full effect for 2026, offering some of the lowest tiered commissions in the market. Classic accounts benefit from significantly reduced fees (US Stocks $1 min), while Platinum and VIP tiers offer institutional-grade rates.

Non-trading fees

Inactivity fee: No.

As a licensed Danish bank, Saxo is supervised by Finanstilsynet (Danish FSA) and regulated by multiple Tier-1 authorities globally.

Regulatory Status

RegulatorCountryTier
Danish Financial Supervisory Authority (DFSA)DenmarkTier-1
Financial Conduct Authority (FCA)United KingdomTier-1
Monetary Authority of Singapore (MAS)SingaporeTier-1
Swiss Financial Market Supervisory Authority (FINMA)SwitzerlandTier-1
Japanese Financial Services Agency (JFSA)JapanTier-1

Safety Features

Segregated AccountsYes
Negative Balance ProtectionYes
Investor Protection€100,000 (Denmark), £85,000 (UK)
Compensation SchemeDanish Guarantee Fund, FSCS (UK)

Is regulated?

Yes, heavily regulated.

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Compare Regionally

Saxo Bank offers free deposits and withdrawals. Minimum deposit removed for Classic accounts in many regions.

Deposit Options

MethodProcessing TimeFeeMin. Deposit
Bank Transfer1-3 business daysFree$0
Credit/Debit CardInstantFree$0

Withdrawal Options

MethodProcessing TimeFeeMin. Withdrawal
Bank Transfer1-3 business daysFree$0

Base Currencies

USD, EUR, GBP, AUD, CHF, JPY, SGD, HKD, DKK, NOK, SEK

Saxo Bank offers tiered accounts (Classic, Platinum, VIP) with progressively better pricing and services.

Account Types

Account TypeMin. DepositKey Features
Classic Account$0
  • • All 70,000+ instruments
  • • SaxoTraderGO
Platinum Account$200,000
  • • Tighter spreads
  • • Lower commissions
VIP Account$1,000,000
  • • Best pricing
  • • SaxoTraderPRO

Verification Steps

  • Time to open: 1-3 business days
  • Demo Account: Yes
  • Islamic Account: Yes
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SaxoTraderGO mobile app offers full trading functionality across 70,000+ instruments.

App Features

  • Full 70,000+ instrument access
  • Advanced charting
  • Portfolio analytics
  • Price alerts
  • News and research
  • Multi-asset trading

Saxo offers SaxoTraderGO (web/mobile) and SaxoTraderPRO (advanced desktop) platforms.

Supported Platforms

  • SaxoTraderGO: Award-winning web and mobile platform for all traders.
  • SaxoTraderPRO: Professional desktop platform for advanced traders.

Saxo Bank offers 70,000+ instruments - one of the largest selections in the industry including 19,000+ stocks, 7,000+ ETFs, 5,000+ bonds, 1,200+ options, 185 forex pairs, and futures. Full access to real stocks, ETFs, bonds across 60+ global exchanges. Listed options and futures trading available. One of the few brokers offering bonds and mutual funds.

Available Instruments

Forex Pairs185
Indices30
Stocks19000
Commodities25
Cryptos9
ETFs7000

Leverage Limits

InstrumentMax Leverage
Forex30:1 (retail), 200:1 (professional)
Indices20:1 (retail), 100:1 (professional)
Stocks5:1 (retail), 25:1 (professional)
Crypto2:1

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Frequently Asked Questions

Yes, Saxo Bank is one of the safest brokers globally. It's a licensed Danish bank regulated by 5+ Tier-1 authorities including DFSA (Denmark), FCA (UK), MAS (Singapore), FINMA (Switzerland), and JFSA (Japan). Saxo has S&P investment-grade rating and is designated as a Systemically Important Financial Institution (SIFI) in Denmark.

Saxo Bank has tiered minimums: Classic account has no minimum in many regions ($0), Platinum requires $200,000, and VIP requires $1,000,000. Some regions may have local requirements (e.g., SGD 3,000 in Singapore).

Forex spreads start from 0.6 pips on EUR/USD for Classic accounts, 0.4 pips for Platinum/VIP. Forex trading is commission-free with costs built into spreads. Stock commissions start from $1 on US stocks.

Saxo Bank removed inactivity fees in 2024. Deposits and withdrawals are free. Currency conversion is 0.25%. An €85 per position fee applies for outgoing asset transfers. Tiered pricing rewards higher volume traders.

Saxo Bank offers SaxoTraderGO (award-winning web/mobile platform for all) and SaxoTraderPRO (professional desktop platform for VIP). Both feature advanced charting, algorithmic trading support, and integration with TradingView.

Saxo Bank offers 70,000+ instruments - one of the largest selections in the industry. This includes 19,000+ stocks, 7,000+ ETFs, 5,000+ bonds, 1,200+ options, 185 forex pairs, and futures across 60+ exchanges.

Yes, Saxo Bank is excellent for professional traders. SaxoTraderPRO offers multi-monitor support, algorithmic trading, Level II pricing, and API access. Platinum/VIP accounts get tighter spreads, lower commissions, and dedicated support.

Yes, Saxo Bank offers real stock, ETF, and bond ownership (not just CFDs) across 60+ global exchanges. You can hold actual shares, receive dividends, and own physical assets. One of the best brokers for real multi-asset investing.

Yes, Saxo Bank offers a free demo account with virtual funds to practice trading on SaxoTraderGO. The demo provides access to all platform features and most instruments.

Classic: $0 minimum, standard pricing, email/chat support. Platinum: $200,000 minimum, tighter spreads, lower commissions, dedicated manager. VIP: $1,000,000 minimum, best pricing, SaxoTraderPRO, personal dealer, exclusive events.
James Wilson

James Wilson

Risk Management • Regulation • Compliance

Author of this review

James is a certified Financial Risk Manager (FRM) and former compliance officer for an FCA-regulated broker. He focuses on evaluating broker safety, regulatory status, and helping traders understand leverage and capital preservation strategies.

Risk Management Specialist — Everything you find on BrokerAnalysis is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback.

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