This profile is built from public sources. Each licence row below shows whether our team has checked it against the regulator's register yet. Always confirm on the register yourself before you deposit.
Saxo is a Danish investment bank that offers forex alongside tens of thousands of stocks, bonds, futures and options. As a bank it is supervised more heavily than a typical CFD broker.
Serving you from: Saxo Bank A/S — Danish FSA #1149 Tier 2
Strengths
- Licensed bank supervised by the Danish FSA
- Very wide multi-asset range on one account
- Tier 1 licences in the UK, Switzerland, Singapore and Japan
Weaknesses
- No MetaTrader or cTrader
- Pricing favours larger accounts
- Platform is more complex than beginners need
Best for: Well-capitalised traders who want forex and investing with a bank.
Visit SaxoOfficial site · we earn no commission here Compare
Key facts
- Founded
- 1992
- Headquarters
- Denmark
- Publicly listed
- No
- Group regulators
- Danish FSA, FCA, FINMA, MAS, SFC, JFSA
- Min. deposit
- $0
- Platforms
- Own platform, TradingView
- Execution
- Market maker, DMA
- Copy trading
- No
- Islamic account
- No
- Demo account
- Yes
Regulation and legal entities
A broker brand is usually several companies. The one you open an account with decides your leverage limit, whether you have negative balance protection, and which compensation scheme, if any, covers you.
| Legal entity | Regulator | Licence no. | Max. leverage | Our check |
|---|---|---|---|---|
| Saxo Bank A/S Denmark · Danish guarantee scheme, deposits up to €100,000 | Danish FSA Tier 2 | 1149 | 1:30 | Not yet verified by us Open register |
| Saxo Capital Markets UK Limited United Kingdom · FSCS up to £85,000 | FCA Tier 1 | 551422 | 1:30 | Not yet verified by us Open register |
| Saxo Bank (Schweiz) AG Switzerland | FINMA Tier 1 | To be confirmed | Varies | Not yet verified by us Open register |
| Saxo Capital Markets Pte Ltd Singapore | MAS Tier 1 | To be confirmed | Varies | Not yet verified by us Open register |
| Saxo Capital Markets HK Limited Hong Kong | SFC Tier 1 | To be confirmed | Varies | Not yet verified by us Open register |
| Saxo Bank Securities Ltd Japan | JFSA Tier 1 | To be confirmed | 1:25 | Not yet verified by us Open register |
Accounts and fees
Spreads we measured
We have not measured live spreads for this broker yet. Until we do, cost does not count towards its rating.
Platforms and execution
Saxo offers Own platform, TradingView. Execution model as described by the broker: Market maker, DMA.
Deposits and withdrawals
We have not run our own deposit and withdrawal test with this broker yet. When we do, the log appears here with dates and times.
Country availability
Pick your country at the top of the page to see which Saxo entity would serve you.
Not accepted, according to the broker: United States.
Alternatives with a shared regulator
| Broker | Trust Score | Your entity & regulator | Min. deposit | Platforms | |
|---|---|---|---|---|---|
| CMC Markets Since 1989 · LSE: CMCX | 91/99 | FCA #173730 CMC Markets UK plc | $0 | Own platform, MetaTrader 4, TradingView | Review Visit CMC MarketsOfficial site · we earn no commission here |
| Interactive Brokers Since 1978 · NASDAQ: IBKR | 91/99 | CFTC/NFA #0258600 Interactive Brokers LLC | $0 | Own platform, TradingView | Review Visit Interactive BrokersOfficial site · we earn no commission here |
| City Index Since 1983 · NASDAQ: SNEX (parent) | 89/99 | FCA #446717 StoneX Financial Ltd | — | Own platform, MetaTrader 4, TradingView | Review Visit City IndexOfficial site · we earn no commission here |
Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.
Frequently asked questions
Is Saxo regulated?
Saxo operates through 6 legal entities in our database, holding licences or registrations with: Danish FSA, FCA, FINMA, MAS, SFC, JFSA. Which entity you sign up with depends on where you live, and so does the protection you get. Check the licence number on the regulator's own register before you deposit.
What is the minimum deposit at Saxo?
Saxo advertises a minimum first deposit of $0 on its entry-level account. The amount can differ by entity, account type and payment method.
Which trading platforms does Saxo offer?
Saxo offers: Own platform, TradingView. Platform availability can vary between its entities.
Is Saxo a safe broker?
No broker is risk-free. Our Global Trust Score for Saxo is 76 out of 99. The score reflects the regulator tier of the entity that serves you, the group's other licences, company structure and track record. It says nothing about whether trading will be profitable for you.