Saxo Bank Review
4.6/ 5 · Best for Serious & multi-asset investors
FXMARE editorial rating, not user reviews.
A licensed Danish bank with a 70,000+ instrument range and best-in-class professional platforms.
Spread from
0.4 pips (VIP)
Min deposit
$0 (Classic, varies by region)
Max leverage
1:30 (retail) / higher for pro
Regulators
DFSA (Denmark), FCA, FINMA, MAS, ASIC
Founded
1992
Instruments
70,000+ instruments
Spreads, minimum deposit and leverage are indicative and vary by account type and jurisdiction — confirm current terms on the broker’s site.
Visit Saxo Bank ↗Affiliate link · $0 (Classic, varies by region) min deposit · Trading CFDs is high-risk
Saxo Bank Overview
Saxo Bank is a fully-licensed Danish bank founded in 1992, regulated by the Danish FSA and authorised across the UK (FCA), Switzerland (FINMA), Singapore (MAS) and Australia (ASIC). Being a regulated bank places it at the very top of the trust spectrum.
Its standout feature is breadth: more than 70,000 instruments, including real stocks, ETFs and bonds alongside FX and CFDs. The SaxoTraderGO and SaxoTraderPRO platforms are widely regarded as among the best professional trading interfaces available, now with TradingView integration.
Saxo uses a tiered pricing model, so spreads tighten as your account size and tier rise, and there is no MetaTrader option. For serious, well-capitalised and multi-asset investors who want a bank-grade, premium experience, Saxo is outstanding.
Headquarters: Copenhagen, Denmark · Funding: Bank wire, cards
Pros
- A fully licensed bank (Danish FSA) — exceptional trust
- Enormous 70,000+ instrument universe including real stocks & bonds
- Award-winning SaxoTraderGO / PRO professional platforms
- Tighter pricing as your tier increases
Cons
- Premium pricing and tiered model favour larger accounts
- No MT4/MT5 — proprietary platforms only
- Higher effective entry for the best pricing tiers
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Ratings Breakdown
FXMARE editorial assessment — not aggregated user reviews. Trader reviews, when submitted, are shown separately below.
Fees & Spreads4.3
Platforms & Tools4.8
Customer Support4.5
Trust & Regulation4.9
Overall
4.6 / 5
Saxo Bank Fees & Costs
Figures are indicative and vary by account type and jurisdiction. Always confirm current pricing on the broker’s website.
Regulation & Safety
Danish FSA (Denmark) — licensed bank ↗FCA (UK) · FRN 551422 ↗FINMA (Switzerland) ↗MAS (Singapore) ↗ASIC (Australia) ↗
Licence numbers link to each regulator’s public register so you can verify them yourself. Last checked 2026-06-03.
Saxo Bank is authorised by DFSA (Denmark), FCA, FINMA, MAS, ASIC. Brokers regulated in tier-1 jurisdictions are generally required to hold client money separately from company funds and may offer protections such as negative-balance protection or an investor-compensation scheme — the exact safeguards depend on the entity you sign up with. As with all trading, your capital is at risk. Confirm which entity, licence and protections apply to your country on the regulator’s register before funding an account.
Platforms
SaxoTraderGOSaxoTraderPROTradingView
Available on desktop, web and mobile. Tradable across Forex, Stocks, Indices, Commodities, Crypto. Track every position you take with Saxo Bank in the FXMARE trading journal.
FXMARE Verdict
4.6
Best for Serious & multi-asset investors
Saxo Bank is a bank-grade, premium choice with an unrivalled instrument range and professional platforms. It rewards larger, multi-asset accounts; smaller or MT4-dependent traders may prefer a specialist FX broker.
Community Rating
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Complaints & Resolutions
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Affiliate Disclosure
FXMARE may earn a commission if you open an account through links on this page, including any placement marked Sponsored. This does not affect our independent rating of Saxo Bank. Trading forex and CFDs carries a high level of risk and most retail accounts lose money. This review is information, not financial advice — verify all terms with the broker directly.
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