This profile is currently being reviewed by the BestForex.io editorial team. Some information may be incomplete or subject to change.
Saxo Capital Markets Singapore Review
Saxo Capital Markets Singapore is the MAS regulated arm of Danish bank Saxo, though the parent group was fined nearly 50 million dollars in Denmark in 2026.
Min Deposit
$3
Spreads From
Around 0.4 pips on EUR/USD, per published pricing
Max Leverage
Up to 1:20 for retail clients in Singapore
Platforms
SaxoTraderGO, SaxoTraderPRO
Pros
- Backed by Saxo Bank, a real Danish bank operating since 1992
- Holds an active Capital Markets Services license from MAS in Singapore
- Client money must sit in trust accounts separate from company funds
- Offers forex, stocks, ETFs, bonds, futures, and CFDs on one account
Cons
- Parent Saxo Bank was fined about 50 million dollars in Denmark in 2026
- That fine covered weak checks on white label partner clients from 2021 to 2023
- A Saxo Hong Kong entity was separately fined over wrongly sold crypto products
- Minimum deposit of 3,000 Singapore dollars is high next to many forex only brokers
Saxo Capital Markets Pte Ltd is the Singapore arm of Saxo Bank, a Danish investment bank founded in 1992. It holds a Capital Markets Services license from the Monetary Authority of Singapore and gives clients one account for forex, stocks, ETFs, bonds, futures, and CFDs through SaxoTraderGO and SaxoTraderPRO.
The wider Saxo Bank group has a real regulatory record. In January 2026, Denmark's financial watchdog fined Saxo Bank about 50 million dollars for anti money laundering weaknesses in how it checked white label partner clients between 2021 and 2023. A Saxo entity in Hong Kong was separately fined for selling crypto products meant for professional investors to retail clients.
Neither case points to a problem with the Singapore entity's own MAS license, which remains active, and Saxo requires client money to sit in trust accounts separate from company funds. Still, the fines show real gaps in the group's wider compliance controls, even at a long established, well known bank.
Min. Deposit
USD 3
Max Leverage
Up to 1:20 for retail clients in Singapore
Spreads From
Around 0.4 pips on EUR/USD, per published pricing
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
