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Saxo Bank

Copenhagen, Denmark · Regulated

☆ 0.0 · 0 reviews

Spread (EUR/USD)

0.8 pips

Platforms

2

Regulation

Tier-1

About Saxo Bank

Saxo Bank is a Danish investment bank founded in 1992, specializing in multi-asset online trading. Regulated by the Danish FSA and FCA, Saxo holds a full banking license and serves 1.2+ million clients with $120 billion in client assets. It offers access to 71,000+ instruments across forex, stocks, ETFs, bonds, options, futures, and crypto. Saxo's proprietary platforms — SaxoTraderGO and SaxoTraderPRO — are industry-leading with advanced charting, risk management, and research integration. Minimum deposit is high at $2,000, reflecting its institutional heritage. Best suited for serious investors and high-net-worth traders.

Pros

+Full Danish banking license — client funds protected to €100,000
+71,000+ instruments across all asset classes
+Award-winning proprietary platforms: SaxoTraderGO/PRO
+Institutional-grade research and analysis
+FCA and Danish FSA regulated — dual Tier-1
+Integrated multi-currency accounts

Cons

-High minimum deposit: $2,000 (Classic), $200,000 (Platinum)
-Complex fee structure with custody and platform fees
-Forex spreads wider than pure ECN brokers
-Customer support inconsistent outside Europe

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