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Saxo Bank Review

4.7Excellent
#2 Ranked

Award-winning Danish investment bank offering 40,000+ instruments across forex, stocks, bonds, and more.

Bank LicenseListed CompanyBest Platform

Min Deposit

$2,000

Spreads From

0.4 pips

Max Leverage

1:30

Platforms

3

Overall Rating

4.7

Excellent

Regulated by Danish FSA

CFDs are complex instruments with high risk of losing money. Saxo Bank retail accounts lose money trading CFDs.

Pros & Cons

Pros

  • Full banking license with strong regulation
  • Massive instrument selection (40,000+)
  • Professional-grade platforms
  • Excellent research and analysis
  • Multi-currency accounts

Cons

  • High minimum deposit
  • Premium pricing structure
  • Can be overwhelming for beginners
Full Saxo Bank Review

Saxo Bank is a fully licensed and regulated Danish bank that has been at the forefront of online trading since 1992. As one of the most established names in the industry, Saxo Bank offers access to over 40,000 instruments across forex, stocks, ETFs, bonds, options, futures, and more.

The broker is known for its professional-grade trading platforms, SaxoTraderGO and SaxoTraderPRO, which offer advanced charting, research tools, and seamless multi-asset trading. Saxo Bank is particularly popular among serious traders and investors who value depth of market access and professional tools.

With regulation in multiple jurisdictions including Denmark, UK, Singapore, and Australia, Saxo Bank maintains the highest standards of client protection and operational transparency.

Account Types
Most Popular

Classic

Min Deposit$2,000
Spreads0.6 pips

Platinum

Min Deposit$200,000
Spreads0.4 pips

VIP

Min Deposit$1,000,000
Spreads0.3 pips
ForexStocksETFsBondsOptionsFuturesCFDsCrypto ETPs

185+ currency pairs available for trading

Frequently Asked Questions

Score Breakdown4.7/5
Trust & Safety
5.0/5

Regulation, fund safety, track record

Trading Conditions
4.5/5

Spreads, execution, leverage

Platforms & Tools
4.9/5

Platform quality, charting, features

Research & Education
4.8/5

Analysis, webinars, learning materials

Customer Service
4.5/5

Support quality, responsiveness

Mobile Trading
4.6/5

Mobile app quality, features

Quick Facts
Min Deposit
$2,000
Spreads From
0.4 pips
Max Leverage (Retail)
1:30
Headquarters
Copenhagen, Denmark
Founded
1992
Currency Pairs
185+
Commission
From $3/lot
Withdrawal Time
1-3 business days
Inactivity Fee
Custody fees apply

Regulators

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

Platforms

SaxoTraderGOSaxoTraderPROSaxoInvestor
Not Available In
USANorth Korea
Last verified: January 14, 2024

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