Saxo Bank review: Client assets hit DKK 1 trillion milestone

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Saxo reaches DKK 1 trillion milestone

Client growth and institutional expansion drive assets higher

According to Saxo, its client base now exceeds 1.5 million investors worldwide who actively invest through Saxo accounts. Growth has been balanced between direct retail clients and the bank’s institutional segment, which provides capital markets access and infrastructure to financial institutions and their end clients.

The institutional business is built around Saxo’s banking-as-a-service (BaaS) model, allowing partners to leverage Saxo’s trading platforms, custody, and execution capabilities under their own brands. Saxo said this segment has become an increasingly important contributor to asset growth as financial firms seek scalable, technology-driven investment solutions.

The milestone follows Saxo’s announcement of its strongest financial results on record for 2024, suggesting that rising client assets are translating into improved profitability and operational scale.

Leadership sees broader shift toward investing culture

Kim Fournais, Saxo’s founder and chief executive, described the milestone as difficult to fully comprehend, reflecting on the firm’s evolution since its founding more than three decades ago.

“This milestone is hard to fully grasp. If someone had told me when I founded Saxo, that 33 years later we would have almost 1.5 million clients worldwide trusting us with DKK 1 trillion in assets, I might not have believed it,” Fournais said.

He added that the growth signals a broader cultural shift toward long-term investing: “I’m happy to see the investment culture is thriving and to witness more people putting their savings to work, understanding the long-term advantages of investing both locally and globally and across different asset classes.”

Fournais emphasized gratitude toward clients and partners, noting Saxo’s focus on delivering “a world-class offering of investment tools and products.”

Platform focus and outlook

Founded in 1992, Saxo Bank offers access to a wide range of asset classes, including equities, bonds, ETFs, derivatives, and foreign exchange, through professional-grade trading and investment platforms. The bank positions itself as leader in several markets, combining low costs with advanced analytics and global market reach.

Looking ahead, Saxo’s DKK 1 trillion milestone may strengthen its ability to attract new retail investors and institutional partners, while reinforcing its role as a key infrastructure provider in the global investment ecosystem.

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