Saxo at a glance
Saxo is a multi-asset broker and bank offering forex, stocks, ETFs, bonds and derivatives on the professional-grade SaxoTraderGO and SaxoTraderPRO platforms.
Saxo reports a founding year of 1992 and a head office in Copenhagen, Denmark. It lists 4 regulators and 2 trading platforms.
BrokerBazaar verdict
Our research team has not yet published a written verdict for Saxo. The BrokerBazaar Intelligence Score is 74/100 (moderate risk), computed from regulatory, operational, transparency, reputation and domain-history signals. Scores are editorial assessments, not user ratings, and are never influenced by payment.
Legal entities, regulation and licences
Saxo operates through 1 legal entity, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by at least one strict-tier regulator.
Licence check: Not independently checked. BrokerBazaar is currently reviewing this broker's information against public records. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Saxo states that it accepts clients from UK, Denmark, Singapore, Switzerland, UAE. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: not disclosed. Platforms: SaxoTraderGO, SaxoTraderPRO. Account types: Classic, Platinum, VIP.
Best-for tags assigned by our team: Advanced, Multi-Asset, Stocks, Professional.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $0. Spreads start from 0.4 pips and commission is From $3 on US stocks. Maximum leverage is 1:30 (dynamic), subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: variable. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer, Credit Card. Withdrawal methods: Bank Transfer, Credit Card.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account: FCA: Segregated in ring-fenced client accounts under the CASS rules. Compensation: FSCS — up to £85,000 per client.
Complaints and dispute process
Formal complaints: Not Available. Phone: +45 3977 4000. Clients can submit complaints through SaxoTrader or SaxoInvestor, while prospective or former clients can use Saxo's online complaint form. Saxo has a Global Complaints Officer responsible for ensuring complaints are handled fairly and objectively. Unresolved complaints may be escalated to the relevant financial complaints body.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Huge multi-asset product range
- Strength: Excellent professional platforms
- Strength: Regulated as a bank in multiple regions
- Strength: Strong research and analysis
- Limitation: High minimum for premium tiers
- Limitation: Custody fees on some accounts
- Limitation: Platform steep learning curve
Who this broker suits, and who it does not
Saxo is most relevant to traders looking for: Advanced, Multi-Asset, Stocks, Professional.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence but would be onboarded by an offshore entity, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Saxo change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Saxo yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Saxo
Data sources. Broker submission, the regulator registers linked above, FCA Financial Services Register (FRN 551422), web-archive and domain records, and third-party traffic data. Last register check 2026-07-26. External ratings: Trustpilot 3.6/5; WikiFX 6.98/10; Forex Peace Army 2.24/5; FX Empire 4.4/5; Google Play Store 4.1/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with Saxo. How we make money. Trading leveraged products carries a high risk of loss.