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Saxo Bank Review 2026

Forex BrokerDenmark
5.0Outstanding
#2 RankedHow we rate

Award-winning Danish investment bank offering 70,000+ instruments across forex, stocks, bonds, ETFs, options, and futures.

Bank LicenseListed CompanyPremium Pricing

Min Deposit

$0

Spreads From

Variable

Max Leverage

1:30

Platforms

3

Overall Rating

5

Outstanding

Regulated by Danish FSA

CFDs are complex instruments with high risk of losing money. Retail accounts lose money trading CFDs.

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Pros & Cons

Pros

  • Real Danish bank with 34 years operating and solid regulation
  • Access to 70,000+ real and CFD instruments
  • Three different platforms fit different trader types
  • Professional research and analysis tools included

Cons

  • Spreads and fees are complex and add up for active traders
  • Custody fees and monthly fees apply to accounts under $200,000
  • Monthly minimum fee equivalent to trading $20,000+
  • Better suited for wealth management than active daily trading
  • Only real stocks and ETFs; forex and crypto are CFDs only
Full Saxo Bank Review

Saxo Bank is a fully licensed and regulated Danish investment bank established in 1992, offering one of the most comprehensive multi-asset trading experiences in the industry. With access to over 70,000 instruments across stocks, ETFs, forex, CFDs, options, futures, and bonds, Saxo Bank caters to intermediate and advanced traders seeking professional-grade infrastructure.

The bank provides three sophisticated trading platforms: SaxoInvestor for long-term investors, SaxoTrader for active traders, and SaxoTraderPRO for professionals requiring advanced functionality. Saxo Bank is renowned for its institutional-level research, comprehensive market analysis, and seamless multi-currency account management.

With bank-level regulation from the Danish FSA, FCA (UK), MAS (Singapore), and ASIC (Australia), Saxo Bank maintains the highest standards of client protection. Client funds are held in segregated accounts with top-tier banks, and the platform offers negative balance protection for retail clients.

Account Types
Most Popular

Classic

Min Deposit$0
SpreadsVariable

Platinum

Min Deposit$200,000
SpreadsReduced

VIP

Min Deposit$1,000,000
SpreadsMinimal
ForexStocksETFsBondsOptionsFuturesCFDsCrypto ETPs

185+ currency pairs available for trading

Frequently Asked Questions

Yes. Saxo Bank A/S is a fully licensed and regulated Danish investment bank with full bank status under the Danish FSA.

Monthly custody fees and minimum fees apply on accounts under $200,000. Full fee structure is complex and varies by product.

Saxo offers both. You can buy real stocks and ETFs for delivery. Forex and crypto are CFD products, not real ownership.
Score Breakdown4.2/5
Trust & Safety
4.8/5

Regulation, fund safety, track record

Trading Conditions
3.6/5

Spreads, execution, leverage

Platforms & Tools
4.5/5

Platform quality, charting, features

Research & Education
4.2/5

Analysis, webinars, learning materials

Customer Service
3.9/5

Support quality, responsiveness

Mobile Trading
4.0/5

Mobile app quality, features

Quick Facts
Min Deposit
$0
Spreads From
Variable
Max Leverage (Retail)
1:30
Headquarters
Copenhagen, Denmark
Founded
1992
Currency Pairs
185+
Commission
Varies by product
Withdrawal Time
1-3 business days
Inactivity Fee
Custody and monthly fees

Regulators

Danish FSAFCA (UK)MAS (Singapore)ASIC (Australia)

Platforms

SaxoInvestorSaxoTraderSaxoTraderPRO
Trading Platforms
SaxoInvestorSaxoTraderSaxoTraderPRO
Regulation
  • Danish FSA
  • FCA (UK)
  • MAS (Singapore)
  • ASIC (Australia)
Not Available In
USANorth KoreaIran

Last verified: July 15, 2026

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