Online Trading Starts Here
EN /brokers/fond/view/saxo_bank/
AR Arabic
AZ Azerbaijan
CS Czech
DA Danish
DE Deutsche
EL Greek
EN English
ES Spanish
ET Estonian
FI Finnish
FR French
HE Hebrew
HI Hindi
HU Hungarian
IND Indonesian
IT Italian
JA Japan
KK Kazakh
KM Khmer
KO Korean
MS Melayu
NB Norwegian
NL Dutch
PL Polish
PT Portuguese
RO Romanian
... Русский
SV Swedish
TH Thai
TR Turkish
UA Ukrainian
UZ Uzbek
VI Vietnamese
ZH Chinese
7.49/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $1
Trading platform:
  • MultiCharts
  • FIX API
  • SaxoTraderGO
  • SaxoTraderPRO
  • TradingView
Leverage
  • Up to 1:30 for Forex
Trading features
  • Trading fees reduce when trading volumes increase
325
users picked this broker in 3 months
Check out the Best online brokers of United States
flag
Saxo Bank isn't available in

Our Evaluation of Saxo Bank

7.49/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Saxo Bank is a reliable broker with the TU Overall Score of 7.49 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Saxo Bank clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.

Saxo Bank focuses on providing access to trading in various markets that include stocks, bonds, Forex, futures, and options, as well as to mutual funds and ETFs. Moreover, it offers portfolio management tools and analytical data for traders and investors.

Brief Look at Saxo Bank

Saxo Bank is a large Danish bank established in 1992. It specializes in online investments and trading different financial instruments, including underlying assets, debt instruments, and derivatives. It provides access to organized exchanges of the U.S., Pacific Ocean region, EU, Asia, Africa, and the Middle East, and to Forex and CFD markets. Saxo Bank provides its services to individual and institutional investors, offers a wide choice of account types, proprietary and third-party platforms, and a multi-level fee model that depends on the trading volume. The broker is regulated by DFSA (Danish Financial Supervisory Authority), FCA (Financial Conduct Authority | UK), ASIC (Australian Securities and Investments Commission), FINMA (Swiss Financial Market Supervisory Authority), and SFC (Securities and Futures Commission | Hong Kong).

We've identified your country as US US

We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.

Explore the 5 top-rated companies in US US :

1
Visit broker
Your capital is at risk.
2
Visit broker
Your capital is at risk.
3
Visit broker
Your capital is at risk.
4
Visit broker
Your capital is at risk.
5
Visit broker
Your capital is at risk.
See the full list of recommended companies
1
Visit exchange
Your capital is at risk.
2
Visit exchange
Your capital is at risk.
3
Visit exchange
Your capital is at risk.
4
Visit exchange
Your capital is at risk.
5
Visit exchange
Your capital is at risk.
See the full list of recommended companies
1
Visit broker
Your capital is at risk.
2
Visit broker
Your capital is at risk.
3
Visit broker
Your capital is at risk.
4
Visit broker
Your capital is at risk.
5
Visit broker
Your capital is at risk.
See the full list of recommended companies
Advantages of trading with Saxo Bank:
  • Many representative offices and regulated activities;
  • Presence in the market since 1992 and stable financial indicators;
  • Huge range of trading instruments;
  • Minimum fee for stocks and ETFs is $1;
  • Three account levels with different initial deposit requirements, fees, and interest on free funds;
  • Diverse investment solutions for traders who prefer passive strategies;
  • Electronic platforms for professional investors and novice traders.
Disadvantages of Saxo Bank:
  • Trading fees for individual traders with little trading volumes can be higher than those of the broker’s competitors;
  • Lower fees are available only upon depositing from €200,000;
  • Technical support isn’t available on weekends.

TU Expert Advice

Anastasiia Chabaniuk

Author, Financial Expert at Traders Union

Saxo Bank provides a wide range of trading instruments, including stocks, bonds, Forex, futures, options, mutual funds, and ETFs, supported by proprietary and third-party SaxoTraderGO and TradingView platforms. The company offers diverse account types, including individual and corporate, with fees that decrease as trading volumes increase. Traders benefit from the absence of deposit and withdrawal fees and have access to extensive analytical tools and portfolio management services.

However, Saxo Bank's high trading fees for low-volume traders and the significant minimum deposit required for lower fees can be a disadvantage. Technical support is unavailable on weekends, and MT4/MT5 platforms are not offered. Overall, Saxo Bank's offerings may be more suitable for experienced traders who engage in high-volume trading and have a preference for diverse asset classes and advanced trading platforms.

Saxo Bank Summary

Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.

💻 Trading platform: SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, FIX API, TradingView, Dynamic Trend, MultiCharts, Updata, etc.
📊 Accounts: Saxo (Classic, Platinum, and VIP), Joint, Corporate, Professional, and Portfolio-based margin
💰 Account currency: USD, EUR, GBP, AUD, CAD, HKD, etc.
💵 Deposit / Withdrawal: Bank transfers, bank cards (deposits), and Deposit with Quick Payment (for accounts opened with Danish banks)
🚀 Minimum deposit: 1 unit of base currency
⚖️ Leverage: Up to 1:30 for Forex
💼 PAMM-accounts: No
📈️ Min Order: 0.01 lots for Forex and $1 for securities
💱 EUR/USD spread: No
🔧 Instruments: Stocks, ETFs, ETNs, ETCs, bonds, options, futures, mutual funds, and leveraged instruments for CFDs and Forex
💹 Margin Call / Stop Out: 100%/75%
🏛 Liquidity provider: Commerzbank, Barclays, JP Morgan, Credit Agricole, HSBC, Lloyds, etc.
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Order execution: Market
⭐ Trading features: Trading fees reduce when trading volumes increase
🎁 Contests and bonuses: Yes

Saxo Bank offers over 70,000 trading assets, including securities, derivatives, CFDs on different asset classes, and Forex. In addition to the main account, traders can open 4 sub-accounts in other currencies. Deposits are made in 18 currencies. The broker doesn’t set minimum deposit requirements for the Classic account level, however, there are certain payment rules. For example, bank cards are used to deposit amounts from $1 to $5,000, but not more than $50,000 within 30 days. Trading is available on Saxo Bank's in-house platforms and third-party solutions, including TradingView. Demo modes and mobile apps are available.

Saxo Bank Key Parameters Evaluation

User Satisfaction i

Score:
8.4/10

Share your experience

  • Best
  • Last
  • Oldest
Avatar
Avatar
Pro epaphroditus onesimus
29 weeks ago
Social link Verified
Location ZA Johannesburg

Saxo's customer service is pretty solid.

I have not seen weaknesses yet

Saxo's customer service is pretty solid. I had an issue with verifying my account during the sign-up process, but the support team was quick to respond through live chat, and everything was resolved in less than a day. The two-step login feature makes me feel more secure, especially since I trade with higher volumes. Plus, having access to their news feed and analysis directly on the platform helps me stay up to date without needing external sources.

Avatar
Avatar
Pro Andrew
32 weeks ago
Social link Verified
Location PK Islamabad

?

.

Trading on Saxo Bank feels like stepping up a level. What I really appreciate is the detailed research they offer, especially when it comes to global markets. The platform isn't just another trading app; it's got tools that make you think like a pro. However, it’s not the cheapest. You’ll definitely feel the difference in fees compared to some other platforms. But the range of products, especially the variety of international stocks and bonds, kind of makes up for it. One thing I found particularly helpful is the educational content they offer. I’ve used the webinars and tutorials to better understand some of the more complex tools. I like that I can manage both short-term trades and long-term investments all in one place, but yeah, the fees might not suit everyone. It's a trade-off between quality and cost.

Avatar
Avatar
Pro Gloria
35 weeks ago
Social link Verified
Location KE Nairobi

Great customer service.

No cons.

What stands out to me about Saxo Bank is their customer service. The team really goes out of their way to explain things, and when I was setting up my account, they were super helpful. The platform itself is pretty slick, with a ton of customization options, which is great for someone like me who likes things a certain way. But, if you’re new to trading, it can feel a bit overwhelming. The interface has a learning curve, and I had to spend time getting used to all the features. Once you’ve navigated that, it’s clear how powerful the tools are. One thing I noticed is the execution speed, my trades go through fast, which is a big plus, especially when markets are moving quickly. I also like that I can easily access my account across different devices without any lag.

Avatar
Avatar
Pro Mirsadik Rasulzade
40 weeks ago
Social link Verified
Location UA Odesa

I appreciate the flexibility of their accounts.

No weaknesses

What really stands out for me with Saxo Bank is their range of products. I'm not just trading stocks or forex, I can easily switch between commodities, CFDs, and even crypto. I also appreciate the flexibility of their accounts. I started with the Classic account, and upgrading to Platinum later on gave me access to lower fees, which was a nice bonus. The trading tools, like live market insights and Autochartist signals, make decision-making so much easier. The fees could be better for smaller trades, though, but overall it's been a positive experience.

Avatar
Avatar
Pro legender
1 year ago

Saxo Bank is well-known due to its technological solutions for online trading. So I decided to try it. Its SaxoTraderGO platform offers a wide range of features, including charts and analytical instruments, fast order execution, and access to real-time market data. However, SaxoTradePRO was too complicated for me. The broker offers a wide range of financial instruments. And you can use one platform to work on global stock exchanges and to trade CFDs and Forex. The minimum fee for trading stocks is $1.

Avatar
Avatar
Unique
9 weeks ago

Saxo Bank is more suitable for experienced traders with a deposit starting from $10,000. The entry threshold is quite high, but in return, the platform offers access to over 40,000 trading instruments, including bonds, ETFs, listed options, and even investment portfolios via SaxoSelect. Spreads start from 0.7 pips, with leverage up to 1:30. The SaxoTraderGO and SaxoTraderPRO terminals have a professional look and feel, though the absence of the familiar MT4/MT5 platforms may be inconvenient for some users. It’s also worth noting that customer support does not offer live chat.

Avatar
Avatar
damilola
22 weeks ago

Saxo Bank offers very favorable trading conditions, but it should be borne in mind that they are aimed primarily at professional traders with at least one year's experience. Minimum deposit requirements are high, and trading conditions are more suited to those who already feel confident in the market and are ready to work with large volumes. Another important point is that the broker uses its own trading platforms, and MT4 and MT5 are not available here. If you're used to these terminals, you'll have to adapt to the new system. Saxo Bank's platforms are functional and advanced, but they do take some getting used to.

Saxo Bank offre des conditions de trading très favorables, mais il faut garder à l'esprit qu'elles s'adressent principalement aux traders professionnels ayant au moins un an d'expérience. Les exigences en matière de dépôt minimum sont élevées et les conditions de trading sont plus adaptées à ceux qui se sentent déjà en confiance sur le marché et qui sont prêts à travailler avec de gros volumes.
Un autre point important est que le courtier utilise ses propres plateformes de trading, et MT4 et MT5 ne sont pas disponibles ici. Si vous êtes habitué à ces terminaux, vous devrez vous adapter au nouveau système. Les plateformes de Saxo Bank sont fonctionnelles et avancées, mais il faut un certain temps pour s'y habituer.

Score:
6.25/10

Trading Account Opening

To log into your Saxo Bank’s user account, use your ID and password. To receive those, create a user account on the broker’s website:

1

Click the “Open account” button to launch the registration process.

Review of Saxo Bank’s User Account — Open an account
Review of Saxo Bank’s User Account — Open an account
Review of Saxo Bank’s User Account — Open an account
Review of Saxo Bank’s User Account — Open an account
2

Next, enter your personal data as stated in your passport and email in the on-screen form. Also, the list of documents necessary to open the account is provided there.

Score:
6.74/10

Regulation and safety

Information

Saxo Bank is a Danish bank that is licensed by the Danish Financial Supervisory Authority under number 1149. However, Saxo Bank has long become international and turned into a financial holding company with representative offices in Europe, Asia, and Australia. Currently, its representative offices are regulated by FCA, ASIC, FINMA, and SFC.

Investments are protected by the Danish Guarantee Fund, which provides coverage up to €100,000 per client. This fund guarantees compensation of investments if the bank fails to fulfill its obligations to its clients due to financial difficulties or bankruptcy. This ensures additional deposit protection increasing trust and stability of the financial system.

In the UK, Saxo Bank participates in the Financial Services Compensation Scheme (FSCS). It is similar to the Danish Guarantee Fund and pays up to £85,000 per client in case of the broker’s insolvency.

Advantages

  • Investors can withdraw assets and funds if the broker goes bankrupt
  • Regulators constantly monitor Saxo Bank’s activities and process its clients' complaints
  • The company is obliged to maintain sufficient capital to fulfill its obligations to its clients

Disadvantages

  • In some countries, regulators forbid bonuses and partnership programs
  • Traders can’t withdraw their profits by different methods, including electronic systems and cryptocurrencies
  • The broker processes client complaints according to approved protocols, which may delay the process
Score:
7.57/10

Commissions and fees

Information
Saxo Bank’s fees are subject to the level of its client account, instrument, and the exchange where it is traded. Fees for stocks and ETFs in the U.S., Australia, and Asia are 0.03%-0.08% of the position amount. For Europe, it’s 0.03%-0.25%; and for the Middle East and Africa, it’s 0.2%-0.3%. The minimum fee for stocks and ETFs regardless of the market is $1. Fees for futures are $1, $2, or $3/€1, €2, or €3; for options, it’s $0.75, $1, or $2/€0.75, €1, or €2, subject to the account type. Saxo Bank charges 0.05%-0.2% of the trade size but not less than €20 for trading bonds. The broker doesn’t withhold deposit or withdrawal fees.
Account type Spread (minimum value) Withdrawal commission
Classic 0.08% but not less than $1 Fees for bank transfers
Platinum 0.05% but not less than $1 Fees for bank transfers
VIP 0.03% but not less than $1 Fees for bank transfers

Also, there are fees for conversion, custody of stocks, ETFs/ETCs, and bonds, as well as for providing statements by email. EU residents also pay a 25% value-added tax on the received income.
The average fee for a small trading volume is $1. This is a low indicator, as it is illustrated in the table below.

Broker Average commission Level
$1
Low
$2
High
Score:
6.47/10

Account types

Potential clients can open accounts with Saxo Bank that correspond to their experience and investment strategy.

Account types:

Account Type
Description
Saxo
It’s an individual account type for trading financial instruments without minimum deposit requirements. Yet, if traders deposit €200,000 minimum, they receive more profitable trading conditions. Three levels of the Saxo account are Classic, Platinum, and VIP. The level increases upon depositing larger amounts, which are €200,000 for Platinum and €1 million for VIP. Also, the level increases upon receiving a certain number of points, such as 120,000 for Platinum and 500,000 for VIP. Points are credited for trades and deposits.
Corporate

This account type is intended for legal entities. It also has three levels. Requirements for deposits and number of points don’t differ for Platinum and VIP, however, the minimum deposit for the Classic level is €100,000.

Joint
It is intended for joint investment by the first-line family members over 18 years old. This account type is activated upon depositing a minimum of €50,000. The Classic level is assigned immediately. To receive the Platinum level, deposit €200,000 or get 120,000 points. The VIP account requires a minimum of €1 million or 500,000 points.
Professional
This account type is available to investors who correspond to at least 2 criteria out of 3. These include a minimum experience of 1 year, an investment portfolio of €500,000, and 10 large trades executed within the last year.

A variant of the Professional account is the Portfolio-based margin account with a unique margin calculation model.

Saxo Bank offers a wide range of account types, which is an important advantage.

Score:
6.36/10

Deposit and withdrawal

  • Clients can withdraw funds to their personal bank accounts. Direct transfer to a bank card isn’t available.

  • It is impossible to withdraw money before the due date.

  • If traders request amounts that exceed the required margin on all open positions, the broker refuses the withdrawal request.

  • If withdrawal requests are submitted by 14:00 (CET), they are processed the next business day. If requests are submitted after 14:00, they are confirmed within 2 days.

  • Saxo Bank doesn’t charge withdrawal fees. Traders pay transaction fees charged by banks.

Score:
7.12/10

Investment Options

Saxo Bank is an investment bank, therefore it provides its services to traders interested in passive investment as well as in actively trading securities and derivatives.

Popular investment solutions offered by Saxo Bank

To receive passive income, Saxo Bank clients can use the following options:

  • Saxo Select managed portfolios. The broker offers 7 portfolio types with low-, middle-, and high-risk levels that are managed by professional investors. The minimum investment is €10,000-€30,000 subject to the portfolio type.

  • Mutual funds. Saxo Bank clients can invest in 17,700 mutual funds without fees. It is possible to work with them on the SaxoTraderGO platform adjusted to investors of different levels. The choice of funds varies for different countries.

  • SaxoInvestor. This is a platform for private investors who want to invest in securities for the long term. SaxoInvestor offers a simple and convenient interface, as well as access to analytical tools and market research.

  • Algorithmic orders. Investors can give instructions on transactions with futures to the trading system in advance. These orders can be used for different goals, including the execution of large trades without significant influence on the asset price, arbitrage trading, and the development of automated strategies based on different factors, such as technical analysis, statistical models, and news.

The easiest additional income option is holding funds in a trading account. 0.012%-4.059% per annum is accrued on amounts over €10,000 subject to the account level.


Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Partnership programs from Saxo Bank

Refer a Friend. The broker gives its partners free loans to attract new clients. These loans can be used to reduce expenses for fees when trading stocks, ETFs, options, bonds, and futures. Fees of referrals, who open accounts following the existing clients’ links, are also partially refunded.

The program is available to residents of 12 countries, including the UK, Czech Republic, Belgium, the Netherlands, Japan, and Australia. Also, Saxo Bank partners with introducing brokers (IBs) worldwide.

Score:
6.54/10

Customer support

Information

Saxo Bank offers 24/5 support. The communication language depends on the office where clients work.

Advantages

  • Numerous representative offices in many countries
  • Live chat is available on trading platforms

Disadvantages

  • Traders can’t contact support via messengers
  • Saturday and Sunday are days off

Technical support can be contacted via the following communication channels:

  • Telephone numbers provided on the website;

  • Email of the servicing office;

  • Live chat on the trading platform.

VIP clients can use the services of a personal account manager.

Contacts

Registration address Philip Heymans Alle 15, 2900 Hellerup, Denmark
Regulation DFSA, FCA, ASIC, FINMA, and SFC
Official site https://www.home.saxo/
Contacts
+45 3977 4000, +45 3977 6559
Score:
6.87/10

Education

Information

Educational materials and useful content for novice traders are provided in the Inspiration block on the broker’s website. Staff strategists and professional investors write and compile these materials. Access to some tools is available only upon opening an account with Saxo Bank.

What’s on the Saxo Bank website
What’s not on the Saxo Bank website
Short video guides on trading platforms
Investment glossary
20 educational courses on derivatives, securities, and CFD markets
Information on hedging
Main risk management rules
Daily comments and market reviews from Saxo Bank experts
Information on regular podcasts on investment

One of the activities of Saxo Bank is Saxo Investing Sessions. This is a series of training webinars for novice investors that provide them with professional knowledge to become successful on the stock market.

Detailed review of Saxo Bank

Saxo Bank is a multi-regulated broker and an investment bank used by traders from Europe, Asia, and Australia to execute over 260,000 trades daily. Liquidity providers are the largest and the most reputable companies. The broker is trusted by investors, which is confirmed by data on client assets; the total amount is over $100 billion as of 2022.

Saxo Bank by the numbers:

  • Regulation in 15 jurisdictions;

  • Over 1 million clients from 170 countries;

  • Daily trading volume is over $17 billion;

  • 110+ industry awards;

  • Offices are located in 15 countries.

Saxo Bank provides access to global stock exchanges through functional platforms

The company has developed three powerful platforms for trading, market analysis, and efficient portfolio management. SaxoTraderGO is suitable for a wide range of traders, including novice traders. SaxoTraderPRO is a specialized platform with a complicated but functional interface for professional trading. SaxoInvestor is only available in Denmark, Australia, France, Poland, Belgium, Singapore, Hong Kong, the Netherlands, and the Middle East and North Africa regions.

Saxo Bank clients get access to trading 23,000+ stocks on 50 global exchanges, 250+ futures contracts, and 3,200+ options on different assets, including currencies and stocks. Also, the broker provides for investment in over 7,000 ETFs traded on 30 international exchanges, government bonds, corporate bonds of 26 countries, and over 17,000 mutual funds.

Useful services offered by Saxo Bank:

  • Podcasts headlined by financial market experts. These are broadcast several times a week and are available on Spotify, Apple Podcasts, Stitcher, and PodBean.

  • Market news. The broker’s website covers events connected with stocks, Forex, options, and cryptocurrencies. Also, macroeconomic indicators are published there.

  • Demo mode. All in-house platforms allow traders to open a virtual account and trade without depositing real funds within a limited time.

  • Quarterly forecast. Before the start of the next quarter, Saxo Bank strategists and department heads compile recommendations and forecasts on financial markets.

Advantages:

1

Investment-free funds held in the account bring additional income;

2

Saxo Bank doesn’t charge deposit or withdrawal fees;

3

It is possible to transfer securities from an account opened with another broker;

4

Investments are protected by the state compensation schemes of Denmark and the UK;

5

Mobile versions of trading platforms and API-based user interfaces are available.

Saxo Bank provides access to a wide range of financial assets and investment products. This allows its clients to diversify their portfolios and work on different sites using one trading platform.

Latest Saxo Bank News

02.07.2025
Mirjan Hipolito
Saxo Bank calls for broader investing strategy in Q3 2025
​Saxo Bank has published its market outlook for the third quarter of 2025, placing strong emphasis on the urgent need for global diversification in
01.07.2025
Mikhail Vnuchkov
Saxo Australia to rebrand as Totality on August 11
​Saxo Australia, a key player in the online trading and investment sector, will rebrand as Totality on August 11, 2025. This rebranding reflects a
10.06.2025
Mikhail Vnuchkov
Saxo Bank launches fractional trading for Singapore clients
​Saxo Bank, a leading global provider of online trading and investment solutions, has announced the launch of fractional share trading for its clients in

Articles that may help you

Is Nvidia Undervalued Or Overvalued After The Market Crash?
How Yo Buy Deepseek Stock – A Complete Guide
TikTok Stock Influencers
How Geopolitics Impacts The Stock Market And Investor Strategy
What Really Causes a Short Squeeze In The Stock Market
Best Online Brokers With Low Deposit Requirements
Seasonal Anomalies In The Stock Market And How To Trade Them
Retail vs Institutional Investors In Modern Markets
Unicorn IPOs | Which Startups Succeed After Going Public?

Check out our reviews of other companies as well

Team that worked on the article

Open an account
Your capital is at risk.