Saxo Bank

Hellerup (Copenhagen), Denmark · since 1992

Danish FSA FCA FINMA MAS

A genuine regulated bank with 70k+ instruments and professional platforms. High barrier to entry.

EDITORIAL SCORE

4.3

Deposit from: ≈$1,000 (depends on the region; EU €2,000)

Platforms: SaxoTraderGO, SaxoTraderPRO

＋ Strengths

A full-fledged bank with a Danish FSA license (+FCA, FINMA, MAS)
70,000+ instruments, professional platforms
Deposit protection under the bank guarantee scheme

— Limitations

High minimum deposit (~$1,000+)
No MT4/MT5; geared toward experienced traders

How the score breaks down

Functionality · weight 35% 4.7

Platforms: SaxoTraderGO, SaxoTraderPRO. 70,000+ instruments: stocks, ETFs, bonds, options, futures, 180+ currency pairs, CFDs, funds

Transparency · weight 25% 4.7

Regulation: Danish FSA (Denmark, banking license No. 1149), FCA (UK), FINMA (Switzerland), MAS (Singapore), FSA (Japan). A full-fledged bank (a SIFI under the Danish FSA classification). Deposits — up to €100,000 under the Danish guarantee scheme (DGS).

Entry barrier · weight 25% 3.5

Min. deposit: ≈$1,000 (depends on the region; EU €2,000). Account types: Classic, Platinum, VIP.

Cost of ownership · weight 15% 3.9

From ~0.8 pips (Classic); tighter on Platinum/VIP. Commission on stocks/ETFs/futures; forex — via the spread

Verifiable facts

Each value links to its primary source.

Headquarters Hellerup (Copenhagen), Denmark

Founded 1992

Regulators & licenses Danish FSA (Denmark, banking license No. 1149), FCA (UK), FINMA (Switzerland), MAS (Singapore), FSA (Japan) home.saxo ↗

Min. deposit ≈$1,000 (depends on the region; EU €2,000) home.saxo ↗

Platforms SaxoTraderGO, SaxoTraderPRO

Account types Classic, Platinum, VIP

EUR/USD spread From ~0.8 pips (Classic); tighter on Platinum/VIP home.saxo ↗

Commission Commission on stocks/ETFs/futures; forex — via the spread home.saxo ↗

Instruments 70,000+ instruments: stocks, ETFs, bonds, options, futures, 180+ currency pairs, CFDs, funds home.saxo ↗

Fund segregation & protection A full-fledged bank (a SIFI under the Danish FSA classification). Deposits — up to €100,000 under the Danish guarantee scheme (DGS). home.saxo ↗

⚠️ Terms may change — verify on the broker's website. Regulation may be offshore and may not cover clients from every country. Trading carries a risk of capital loss. Not investment advice.

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