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Saxo Bank

Visit Saxo Bank

Danish multi-asset online trading and investment bank founded in 1992, offering global market access through SaxoInvestor and SaxoTrader. Product, margin, funding, protection and entity terms vary by country of residence and client classification.

Bank Investment PlatformStock BrokerEtf BrokerForex BrokerEtfBondMutual FundOptionFuture

84

/100

Overall score

Overall score is usable, but check the supporting evidence and caveats.

Based on evidence44 sources
Trust
100
Cost
73
Withdrawal
71

Read first

Decision summary

84

/100

Overall

Overall is usable, but check the supporting evidence and caveats.

Headline score from research fields, regulation evidence, and scoring payload.

Best for

Forex/CFD traders comparing cost, platforms, trust, and withdrawal terms.

Watch out

Entity, country restrictions, and high-risk fee fields should be checked carefully.

Trust signal

Trust looks strong, with high-confidence evidence. Still verify country/entity terms.

Withdrawal signal

Withdrawal is usable, but check the supporting evidence and caveats.

Deposit
No minimum initial funding; Classic default tier has no minimum funding required.
Pricing
FX spreads from 1 pip on EUR/USD / major FX examples, with lower tier examples for Platinum/VIP. · Indicative multi-asset commissions vary…
Withdrawal
Global withdrawal timing not disclosed; region example: within two working days in Switzerland. · Withdrawal fees are region/method-specifi…
Safety
Retail/client/product/entity-specific; professional status waives negative balance protection.

Availability

Countries and restrictions

Availability can vary by legal entity, account type, and local regulation. Treat this as a shortlist signal and verify details with the broker before opening an account.

Restricted Countries

Comprehensive restricted-country list not disclosed in reviewed official global sources.

Source

Evidence

Source-backed details

Trust5 fields

Regulators

Saxo Bank A/S is supervised by the Danish FSA; group entities are locally supervised in several jurisdictions.

Source

License Numbers

Company registration no. 15731249; license no. 1149.

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Regulated Entities

Major Saxo entities listed in official LEI/GIIN/license disclosures; client contracts depend on residence/entity.

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Negative Balance Protection

Retail/client/product/entity-specific; professional status waives negative balance protection.

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Investor Compensation

Investor compensation up to EUR 20,000 for non-returned financial instruments under Danish DGS, subject to scope/exclusions and entity.

Source
Cost7 fields

Minimum Deposit

No minimum initial funding; Classic default tier has no minimum funding required.

Source

Spread From

FX spreads from 1 pip on EUR/USD / major FX examples, with lower tier examples for Platinum/VIP.

Source

Commission

Indicative multi-asset commissions vary by country, product and tier; exact pricing is in platform trade tickets.

Source

Maximum Leverage

Maximum leverage is country/client/product-specific.

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Deposit Fee

Deposit fees not disclosed globally in reviewed official pages.

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Withdrawal Fee

Withdrawal fees are region/method-specific; no global fee verified.

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Inactivity Fee

Saxo does not charge an inactivity fee.

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Availability1 fields

Restricted Countries

Comprehensive restricted-country list not disclosed in reviewed official global sources.

Source
Product5 fields

Tradable Assets

Stocks, ETFs, bonds, mutual funds, options, futures, forex, CFDs and commodities; official about page says 71,000+ instruments.

Source

Trading Platforms

One login, two platforms: SaxoInvestor and SaxoTrader; web, mobile apps and desktop app.

Source

Account Types

Individual, joint, corporate and professional status account options are shown.

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Deposit Methods

International payment instructions link standard settlement instructions, card funding and funds transfer request documents.

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Withdrawal Methods

Withdrawal methods vary by region/entity.

Source

Before you decide

Things to verify

Investor Compensation

Investor compensation up to EUR 20,000 for non-returned financial instruments under Danish DGS, subject to scope/exclusions and entity.

Negative Balance Protection

Retail/client/product/entity-specific; professional status waives negative balance protection.

Restricted Countries

Comprehensive restricted-country list not disclosed in reviewed official global sources.

Spread From

FX spreads from 1 pip on EUR/USD / major FX examples, with lower tier examples for Platinum/VIP.

Commission

Indicative multi-asset commissions vary by country, product and tier; exact pricing is in platform trade tickets.

Withdrawal Processing Time

Global withdrawal timing not disclosed; region example: within two working days in Switzerland.

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VS Saxo Bank with similar brokers

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Important disclosure

Broker research, not investment advice

Availability, fees, investor protection, and regulation can vary by country and legal entity. Verify the broker and regulator details directly before opening an account.

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