Saxo review 2026
Saxo is a Danish investment bank that offers forex alongside tens of thousands of stocks, bonds, futures and options. As a bank it is supervised more heavily than a typical CFD broker.
Dossier Score for Global
Overall rating in progress: 30% of criteria assessed
Our assessment
Strengths
- Licensed bank supervised by the Danish FSA
- Very wide multi-asset range on one account
- Tier 1 licences in the UK, Switzerland, Singapore and Japan
Weaknesses
- No MetaTrader or cTrader
- Pricing favours larger accounts
- Platform is more complex than beginners need
Best for Well-capitalised traders who want forex and investing with a bank.
How this Dossier Score adds up
The score is calculated by a published formula from the five components below. It changes with your country, because the first component follows the company that would hold your account.
Methodology v1.1. How the Dossier Score is calculated. Commissions are not an input.
Regulation and legal entities
A broker brand is usually several companies. The one you open an account with decides your leverage limit, whether you have negative balance protection, and which compensation scheme, if any, covers you.
| Legal entity | Regulator | Licence no. | Max. leverage | Our check |
|---|---|---|---|---|
| Saxo Bank A/S Serves you Denmark, Danish guarantee scheme, deposits up to €100,000 | Danish FSA Tier 2 | 1149 | 1:30 | Not yet verified by us Open register |
| Saxo Capital Markets UK Limited Serves you United Kingdom, FSCS up to £85,000 | FCA Tier 1 | 551422 | 1:30 | Not yet verified by us Open register |
| Saxo Bank (Schweiz) AG Serves you Switzerland | FINMA Tier 1 | To be confirmed | Varies | Not yet verified by us Open register |
| Saxo Capital Markets Pte Ltd Serves you Singapore | MAS Tier 1 | To be confirmed | Varies | Not yet verified by us Open register |
| Saxo Capital Markets HK Limited Serves you Hong Kong | SFC Tier 1 | To be confirmed | Varies | Not yet verified by us Open register |
| Saxo Bank Securities Ltd Serves you Japan | JFSA Tier 1 | To be confirmed | 1:25 | Not yet verified by us Open register |
Key facts
- Founded
- 1992
- Headquarters
- Denmark
- Publicly listed
- No
- Group regulators
- Danish FSA, FCA, FINMA, MAS, SFC, JFSA
- Minimum deposit
- $0
- Platforms
- Own platform, TradingView
- Execution
- Market maker, DMA
- Copy trading
- No
- Islamic account
- No
- Demo account
- Yes
Accounts and fees
Spreads we measured
We have not measured live spreads for this broker yet. Until we do, cost does not count towards its rating.
Platforms and execution
Saxo offers Own platform, TradingView. Execution model as described by the broker: Market maker, DMA.
Deposits and withdrawals
We have not run our own deposit and withdrawal test with this broker yet. When we do, the log appears here with dates and times.
Country availability
Pick your country in the header to see which Saxo entity would serve you.
Not accepted, according to the broker: United States.
Questions readers ask
Is Saxo regulated?
Saxo operates through 6 legal entities in our database, holding licences or registrations with: Danish FSA, FCA, FINMA, MAS, SFC, JFSA. Which entity you sign up with depends on where you live, and so does the protection you get. Check the licence number on the regulator's own register before you deposit.
What is the minimum deposit at Saxo?
Saxo advertises a minimum first deposit of $0 on its entry-level account. The amount can differ by entity, account type and payment method.
Which trading platforms does Saxo offer?
Saxo offers: Own platform, TradingView. Platform availability can vary between its entities.
Is Saxo a safe broker?
No broker is risk-free. Our Global Dossier Score for Saxo is 76 out of 100. The score reflects the regulator tier of the entity that serves you, the group's other licences, company structure and track record. It says nothing about whether trading will be profitable for you.
CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.
Alternatives that share a regulator
| Broker | Dossier Score | Entity serving you | Min. deposit | Platforms | Actions |
|---|---|---|---|---|---|
| CMC Markets Founded 1989 Listed | 91 | CMC Markets UK plc FCA #173730 Tier 1 | $0 | Own platformMT4TradingView | Review Visit siteAffiliate link |
| Interactive Brokers Founded 1978 Listed | 91 | Interactive Brokers LLC CFTC/NFA #0258600 Tier 1 | $0 | Own platformTradingView | Review Visit siteAffiliate link |
| City Index Founded 1983 Listed | 89 | StoneX Financial Ltd FCA #446717 Tier 1 | — | Own platformMT4TradingView | Review Visit siteAffiliate link |
Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.