FXBrokerTrust
Saxo Bank

Saxo Bank

Compliant
Company Name
Saxo Bank
Headquarters
Denmark
Founded
Founded in 1992
  • FCA
  • ASIC
  • SFC
  • MAS
  • DFSA
  • FMA
  • BaFin
  • FSCA
  • CBUAE
Overall Score
9.3/10
Min Deposit
$2000
Max Leverage
1:30 (retail)
EUR/USD Spread
0.4 pips
Trading Platforms
SaxoTraderGO, SaxoTraderPRO, MT4
Withdrawal Speed
1-3 business days

Overview

Saxo Bank is a Danish investment bank specializing in online trading and investment. Founded in 1992, Saxo Bank provides access to over 60,000 instruments across forex, stocks, bonds, ETFs, options, futures, and more through its award-winning SaxoTrader platforms. Regulated by FCA, ASIC, MAS, and multiple other authorities.

Basic Information

Company Name
Saxo Bank
Founded
Headquarters
Denmark
Official Website
https://www.home.saxo
Instruments
Forex, CFD, Shares, Indices, Commodities, Bonds, Options, Futures, ETFs, Managed Portfolios
Account Types
Classic, Platinum, VIP

Regulation

Regulatory licenses and compliance status of this broker

  • FCAVerified

    FCA · License Number FRN 551422

  • ASICVerified

    ASIC · License Number AFSL 461498

  • SFCVerified

    SFC · License Number AIM1649

  • MASVerified

    MAS · License Number CMS100730

  • DFSAVerified

    DFSA · License Number CL3071

  • FMAVerified

    FMA · License Number FSP50925

  • BaFinVerified

    BaFin · License Number BaFin ID 12121200

  • FSCAVerified

    FSCA · License Number FSP 48915

  • CBUAEVerified

    CBUAE · License Number 20200000027

Trading Conditions

Trading Conditions

Min Deposit
$2000
Max Leverage
1:30 (retail)
EUR/USD Spread
0.4 pips
Trading Platforms
SaxoTraderGO, SaxoTraderPRO, MT4
Account Types
Classic, Platinum, VIP

Deposits & Withdrawals

Deposit Methods

  • Bank Transfer
  • Credit/Debit Card
Deposit Speed1-2 business days
Deposit FeeFree

Withdrawal Methods

  • Bank Transfer
Withdrawal Speed1-3 business days
Withdrawal FeeFree (over $100)

Scoring Details

Regulatory QualificationWeight 30%
9.5
Trading EnvironmentWeight 20%
8.8
Fund SafetyWeight 15%
9.5
User ReputationWeight 15%
9.3
Platform FeaturesWeight 10%
9.5
Customer ServiceWeight 10%
8.5

Pros & Cons

Pros

  • Over 60,000 tradable instruments
  • Fully licensed investment bank
  • Award-winning SaxoTrader platforms
  • Multi-tier regulatory framework
  • Access to 50+ global stock exchanges
  • Transparent DMA/STP execution
  • Comprehensive research and analysis
  • Managed portfolio options available

Cons

  • High minimum deposit ($2,000)
  • Limited payment methods
  • Withdrawal fee for amounts under $100
  • Platform can be complex for beginners
  • Customer support could be faster