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Saxo Bank

Copenhagen, Denmark · FSA (Denmark), FCA (UK), FINMA (Switzerland), MAS (Singapore), ASIC (Australia), JFSA (Japan)

Created Jul 1, 2026 · Updated Jul 18, 2026

☆ 0.0 · 0 reviews

Spread (EUR/USD)

0.4 pips

Platforms

5

Regulation

Tier-1

About Saxo Bank

Saxo Bank is a Danish investment bank founded in 1992 by Kim Fournais, headquartered in Copenhagen, and regulated as a Systemically Important Financial Institution (SIFI) in Denmark with Tier-1 licenses from the Danish FSA, FCA (UK), FINMA (Switzerland), MAS (Singapore), ASIC (Australia), and JFSA (Japan) [1][2][5]. It offers Forex, stocks, CFDs, futures, funds, bonds, and futures spreads via its proprietary SaxoTrader and SaxoInvestor platforms, managing over EUR 115–120 billion in client assets for 1.5 million+ registered clients across 180+ countries [1][2][5][6]. The bank supports Web, iOS, and Android platforms but does not offer MetaTrader 4 (MT4), MetaTrader 5 (MT5), or cTrader [2][5]. Average EUR/USD spreads on Standard accounts start from 0.4 pips, with a minimum deposit of $200 for most jurisdictions (varies by region) [5][7].

Pros

+Tier-1 regulated by Danish FSA, FCA (UK), FINMA, MAS, ASIC, and JFSA with SIFI status since 2023
+Proprietary SaxoTrader platform with advanced tools and multi-asset access (Forex, stocks, CFDs, futures, bonds)
+EUR/USD spreads from 0.4 pips on Standard accounts with institutional-grade execution
+Negative balance protection, segregated client funds, and up to €100,000 (EU) / £85,000 (UK) investor compensation
+S&P A– credit rating with stable outlook and over EUR 115 billion in client assets managed

Cons

-No MetaTrader 4 (MT4) or MetaTrader 5 (MT5) support—only proprietary SaxoTrader platforms
-Higher minimum deposit ($200) compared to many retail forex brokers offering $0–$100
-Limited asset selection for pure forex traders compared to CFD-only brokers (no crypto CFDs in all jurisdictions)
-Imported withdrawal fees or currency conversion costs may apply for non-EUR/GBP accounts
-No cTrader platform despite strong institutional focus

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