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Last updated: ·Reviewed by BrokaBoy Research Team
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Saxo Bank
Licensed Danish bank offering deep multi-asset market access
Overview
Saxo Bank is a fully licensed Danish bank founded in 1992, offering direct market access to tens of thousands of instruments including shares, bonds, funds, futures, options and FX through SaxoTraderGO and SaxoTraderPRO. It suits experienced and higher-balance investors who want genuine exchange access rather than a CFD-only offering, and pricing improves sharply with account tier.
Saxo Bank supports Forex, Stocks, ETFs, Bonds, Futures, Listed Options, Mutual Funds, Indices, Commodities across 4 platforms, and offers Classic, Platinum, VIP accounts to cover most trader profiles. Regulation is held with ASIC, FCA, MAS, DFSA, FINMA.
With spreads starting from 0.4 pips and leverage up to Up to 1:30 (retail, EU/UK), it's positioned for traders getting started who value saxo bank and multi asset broker.
Pros & Cons
- Regulated as a bank with strong client asset safeguards
- Extremely broad instrument coverage across real assets
- Professional-grade desktop platform
- Quality research and portfolio tools
- Costs are high at the entry Classic tier
- Platform depth can overwhelm beginners
- Retail leverage is capped tightly under EU and UK rules
Platforms & tools
Regulation & safety
Saxo Bank is regulated across 5 jurisdictions, through the regulators listed above. Protections such as segregated client funds, compensation schemes and negative balance protection differ by regulator and by the entity you sign up with - open each regulator's page for the specifics.
Fees breakdown
Illustrative summary - confirm current pricing on Saxo Bank's own website.
Variable market spreads, tier dependent
Share and ETF commissions vary by exchange and tier; FX priced via spread
Overnight financing on leveraged positions; cash balances may earn or pay interest
No standard withdrawal fee to a same-name bank account; currency conversion and custody fees can apply
Opening an account with Saxo Bank
- 1Apply online with identity documents
- 2Answer the appropriateness and experience questions
- 3Fund the account by bank transfer
- 4Explore SaxoTraderGO before placing live orders
FAQ
What is the minimum deposit at Saxo Bank?+
Saxo Bank lists a minimum deposit of $0 to open a live trading account. Confirm the current amount on the broker's website, as it can vary by account type and region.
Is Saxo Bank regulated?+
Saxo Bank holds licences with ASIC, FCA, MAS, DFSA, FINMA. The protections you get depend on the regulator and entity you sign up with - see each regulator's page on BrokaBoy for details.
What is the maximum leverage at Saxo Bank?+
Saxo Bank advertises maximum leverage of Up to 1:30 (retail, EU/UK), depending on the instrument and your jurisdiction. Retail leverage may be lower under local regulation.
What are Saxo Bank's spreads and fees?+
Saxo Bank advertises spreads from 0.4 pips. Share and ETF commissions vary by exchange and tier; FX priced via spread Overnight financing on leveraged positions; cash balances may earn or pay interest
Which trading platforms does Saxo Bank support?+
Saxo Bank supports SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, TradingView across Classic, Platinum, VIP account types.
How do I open an account with Saxo Bank?+
Apply online with identity documents Answer the appropriateness and experience questions Fund the account by bank transfer Explore SaxoTraderGO before placing live orders
User reviews
Reviews below are periodically synced from public review platforms. BrokaBoy does not host, moderate or edit them, and the source timestamp is shown when available. Follow any link to read the full review at the source.
Ready to open a Saxo Bank account?
Confirm the current account terms and pricing on the broker's website.
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