Saxo

Saxo Broker Overview

Saxo is the online trading and investment brand of Saxo Bank A/S, the Danish parent company of the Saxo Bank Group, headquartered in Hellerup and incorporated on 1 April 1992. Saxo's website says the J. Safra Sarasin Group has completed its acquisition of Saxo and now owns it in full. Clients can trade stocks, ETFs, mutual funds, bonds, listed options, futures, commodities, forex and CFDs on Saxo's own SaxoTrader and SaxoInvestor platforms, through group companies licensed in Denmark, the United Kingdom, Italy, Singapore, Switzerland and Japan. On its international site an individual account has no minimum deposit, prices fall across three tiers (Classic, Platinum and VIP), and retail leverage goes up to 1:30.

Saxo Regulation and License

Each Saxo company below was confirmed on its regulator's own register when checked on 28 October 2026:

• Denmark: Saxo Bank A/S, the parent company, licence no. 1149 from the Danish Financial Supervisory Authority (Finanstilsynet), effective 27 June 2001 and shown as active.
• United Kingdom: Saxo Capital Markets UK Ltd, authorised by the Financial Conduct Authority (FCA) under firm reference number 551422 since 5 October 2011, with permissions that include dealing in investments as principal and as agent, managing investments, and safeguarding and administration of assets.
• Italy: BG SAXO SIM S.p.A., entered under no. 296 on the register of the Commissione Nazionale per le Società e la Borsa (CONSOB) since 28 December 2018, for dealing on own account, executing orders on behalf of clients and receiving and transmitting orders. Saxo's Italian website names the same company Saxo SIM S.p.A. a socio unico.
• Singapore: Saxo Capital Markets Pte. Ltd., licensed by the Monetary Authority of Singapore (MAS) and shown as active.
• Switzerland: Saxo Bank (Schweiz) AG, Kloten, authorised as a bank by the Swiss Financial Market Supervisory Authority (FINMA).
• Japan: Saxo Bank Securities Ltd., registered as a financial instruments business operator under Kanto Local Finance Bureau Director (Kinsho) No. 239 since 30 September 2007, on the list kept by Japan's Financial Services Agency.

Saxo's website also has a licences and regulation page.

Is Saxo Regulated?

Yes. Saxo operates through the six licensed companies above, and which one holds your account, and so which regulator and client protection apply, depends on your country of residence: Saxo's website says client agreements are made with the relevant Saxo company for the client's country and are governed by the law of that company's jurisdiction. A licence held by one Saxo company does not extend to the others.

Saxo Bank A/S

Saxo Bank A/S is the parent company of the Saxo Bank Group. It is listed on the Danish Central Business Register (CVR) under number 15731249, with its registered address at Philip Heymans Alle 15, 2900 Hellerup, as checked on 28 October 2026. The information on Saxo's international site relates to Saxo Bank A/S, which also operates branches in Belgium, the Czech Republic, France and the Netherlands, while its representative offices in the UAE and Brazil are, Saxo says, limited to promotional business.

Saxo's Hong Kong site says Saxo Capital Markets HK Limited stopped opening new accounts on 30 September 2024, and Saxo's Australian page now forwards to the website of Totality Wealth Limited, an Australian company Saxo lists among its group entities.

Is Saxo Safe?

Saxo's companies are licensed and supervised, but no licence removes the risks of trading, and the protection you receive depends on the company that holds your account. Cash deposits with Saxo Bank A/S are covered by the Danish Guarantee Fund up to EUR 100,000 per depositor, with up to EUR 20,000 if securities cannot be returned; eligible clients of Saxo Capital Markets UK Ltd can claim from the Financial Services Compensation Scheme (FSCS) up to GBP 85,000 per person; Swiss depositor protection covers eligible deposits at Saxo Bank (Schweiz) AG up to CHF 100,000; and Italy's investor compensation fund covers eligible claims against BG SAXO SIM S.p.A. up to EUR 20,000. Singapore has no statutory compensation scheme for brokerage accounts, so clients of Saxo Capital Markets Pte. Ltd., like those of Saxo Bank Securities Ltd. in Japan, rely on the segregation of client assets. None of these schemes covers trading losses.

Saxo's pages say retail clients keep the retail leverage limits and negative balance protection, which professional clients give up, while its General Business Terms state that losses on margin positions can substantially exceed the money and collateral held with Saxo and that a negative cash balance must be covered immediately. The same terms let Saxo cancel a trade made at a misquoted price or in exceptional market conditions, or change it to the price it considers the market price, and take back past profits where it can show that a client deliberately exploited pricing or platform errors. Statements and confirmations count as conclusive unless the client objects in writing immediately after receiving them.

The UK Financial Conduct Authority lists warnings about clone firms using the Saxo name, including 'Saxo Bank/ Saxo Capital/ Saxo Advisory' and 'Saxo AI Innovation Bond'. Saxo's genuine website is home.saxo, and it publishes a page on the protection of retail client funds.

Saxo Account Types

Saxo prices every account by tier. Classic is the default and needs no minimum deposit for an individual account; Platinum requires EUR 200,000 or 120,000 reward points and VIP EUR 1,000,000 or 500,000 points, each with lower prices than the tier below. Deposits made in the first 30 days set the starting tier, and points from trading and from assets held decide it after that. The tier cards give these thresholds in euros, while a worked example in Saxo's rewards FAQ uses the same figures in US dollars.

Individual, joint and corporate accounts are priced by the same tiers. A joint account is for two immediate family members aged 18 or over and needs an initial deposit of EUR 50,000, and the minimum for a corporate account depends on the country of residence. Platinum adds priority support and VIP adds invitations to exclusive events, while clients with EUR 5 million or more in investable assets, or EUR 200 million or more in annual trading volume, may qualify for Saxo Elite, a service level with a dedicated relationship manager.

Saxo Spreads, Commissions and Fees

Saxo's prices fall with each tier. US stocks and ETFs cost 0.08% on Classic, 0.05% on Platinum and 0.03% on VIP, with a USD 1 minimum, and stock options cost USD 2.00, USD 1.00 and USD 0.75 per contract. For major forex pairs the account pages quote 1, 0.9 and 0.7 pips by tier, while Saxo's FX pricing page gives EURUSD from 1.1, 0.9 and 0.8 pips. Futures cost from USD 1 per contract, index, commodity and bond CFDs carry no commission, and mutual funds carry no commission, custody or platform fee.

Saxo charges no account opening, maintenance or inactivity fee, but assets or cash left in an account after the termination date Saxo sets are charged EUR 15 a month until withdrawn. Currency conversion costs 0.25% on Saxo's international fee schedule, while its Arabic-language Middle East pricing page allows up to 0.50%. Saxo describes its prices as indicative and says they can vary by country of residence.

Saxo Leverage

Retail leverage at Saxo goes up to 1:30. Professional clients trade on lower margins: from 1.5% (66:1) on major forex pairs and major indices, 2% (50:1) on minor pairs, 3.5% (28:1) on gold and 6% (16:1) on equities, rising to 10% on equity exposure from USD 50,000. Professional status requires two of three criteria: a portfolio above EUR 500,000, at least 10 qualifying trades per quarter over the last four quarters, or relevant professional experience.

Saxo Trading Platforms

Saxo runs its own platforms on a single login. SaxoTrader carries the full product range and runs on the web, iOS, Android, Windows and Mac; SaxoInvestor is a simpler investing app for the web, iOS and Android. Clients can also trade from TradingView, where Saxo supports stocks, single-stock CFDs, forex and futures but not options, or from MultiCharts on Windows, whose licence is bought from its vendor, and developers can use SaxoOpenAPI, a FIX API or the OpenAPI for Excel add-in. Saxo's platform pages name no MetaTrader 4, MetaTrader 5 or cTrader. A 20-day demo account with a simulated USD 100,000 is available on SaxoTrader.

Saxo Deposits and Withdrawals

Saxo accepts bank transfers, SEPA Instant transfers in euros (usually credited at once, up to EUR 100,000), transfers from digital banks such as Revolut or Wise, Visa and Mastercard cards, and, in Denmark, Quick payment with MitID. The first deposit must be a bank transfer from an account in the client's own name in the country of residence, and cards and digital banks can be used only after that. Cards are for deposits only, generally up to USD 5,000 per payment and USD 50,000 per 30 days, with higher limits for UK residents. Saxo's funding pages name no e-wallets or crypto funding.

Withdrawals go only to a verified bank account in the client's name. Under Saxo's General Business Terms, requests received by 14:00 CET on a business day are processed that day; a domestic transfer then takes 1 to 2 business days to arrive, cross-border payments can take longer, and withdrawing the full balance can add up to 3 business days. The same terms pledge the assets a client holds with Saxo to Saxo as collateral: they cannot be withdrawn without Saxo's prior consent, and Saxo may reject a transfer until the client has closed all open margin positions and settled what it owes.

Saxo's fee schedule says it charges no deposit or withdrawal fees, but payments are made as shared-cost transfers, so charges from other banks fall on the client. Saxo's client funds transfer request form adds a USD 40 service fee when a client who has access to the platform's withdrawal module withdraws by form instead, and Saxo's card factsheet says an administrative fee of up to 2.5% may apply to cards issued outside the EEA, while cards issued in the EEA are free.

Saxo Support

Clients contact Saxo through the chat in SaxoTrader and SaxoInvestor, where a chatbot answers first and can hand over to a Client Services agent; Saxo's help centre says the chatbot is available 24/7. Saxo also lists local phone numbers on its contact page, including +45 3977 4000 in Denmark, and takes non-urgent requests as support cases, which it says can take up to 10 days to answer. Complaints from Saxo Bank A/S clients go through the platform or an online form, and an unresolved complaint can be taken to the Danish Financial Complaint Board.

Saxo Pros and Cons

• Pro: six Saxo companies, including the Danish parent, hold licences confirmed on their regulators' registers.
• Pro: no minimum deposit for an individual Classic account, and no account opening, maintenance or inactivity fee.
• Pro: a broad multi-asset range on Saxo's own platforms, with TradingView, MultiCharts and API access.
• Con: the lower Platinum and VIP prices need EUR 200,000 or EUR 1,000,000, and a joint account needs EUR 50,000.
• Con: no MetaTrader or cTrader, no e-wallet or crypto funding, and cards for deposits only.
• Con: the General Business Terms let Saxo cancel or re-price trades made at misquoted prices and treat statements as conclusive unless the client objects immediately.
• Con: some of Saxo's own figures differ between its pages, including forex spreads, currency conversion and the fees on withdrawals made by form and on cards issued outside the EEA.

Saxo Review and Assessment

Saxo is a multi-asset broker run by the Danish Saxo Bank A/S through local companies and branches, with licences confirmed in six countries. Its offer is breadth across exchange-traded products, forex and CFDs on its own platforms, with no minimum deposit for an individual account, while its lowest prices are kept for large balances. Before funding, check which Saxo company your agreement is with, since that decides the regulator and the protection that apply, and read what the General Business Terms say about misquoted prices, statements and pledged assets.