Pros
  • Excellent web and mobile trading app
  • Mutual funds available
Cons
  • Extremely high deposit requirenent of $10,000
  • Limited chart features on the mobile app
  • A steep learning curve for newer investors

Reviewed broker: SaxoBank

Established in 1992

Location: Denmark, Czech republic, Belgium, France, Italy, Netherlands, Switzerland, United Kingdom

Regulation: Saxo Bank A/S is a fully licensed European bank under the supervision of the Danish FSA.

Saxo Bank is a privately owned company. Geely Financials Denmark A/S – a subsidiary of Zhejiang Geely Holding Group Co. Ltd – owns 52 percent of Saxo Bank. Founder and CEO, Kim Fournais, owns 25.71 percent of the Bank, while Sampo Plc, a leading Nordic financial services group, owns 19.9 percent of the company. Minority shareholders, including current and former Bank employees, hold the remaining shares.

Market maker: yes

Trading instruments: Options, Futures, Forex, Crypto, CFDs, Commodities

ECN: yes

Why Trade with Saxobank?

Industry-leading prices

Spreads from 0.4 pips for VIP clients, and up to 50x leverage.

Client-focused execution

Our order-driven model results in higher fill-rates, fewer premature stop-outs, and significant price improvements.

Award-winning FX trading platforms

Fast and reliable access to the markets from your phone, tablet, laptop, or multi-screen desktop setup.

24/5 expert service

Professional support whenever markets are open, including technical assistance, market analysis and access to personal sales traders.

Trading Conditions

USA traders: not accepted

Analysis tools: stock screener, equity research, advanced charting

Currency pairs: 169

Demo account: available, but limited to only 20 days!

Commissions: Saxobank charges commissions for their trading services based on the account you choose.

Maximum leverage is up to 1:100

Spread types: fixed, floating

Fixed spreads start from 2.0 pips

Floating spreads start from 0.5 pips plus up to $6 commissions

Minimum position size: 0.05 lot

Analysis tools: stock screener, equity research, advanced charting

Currency pairs: 169

Demo account: available, but limited to only 20 days!

Commissions: Saxobank charges commissions for their trading services based on the account you choose.

Maximum leverage is up to 1:100

Spread types: fixed, floating

Fixed spreads start from 2.0 pips

Floating spreads start from 0.5 pips plus up to $6 commissions

Minimum position size: 0.05 lot

Account Types Review

Classic – Minimum funding   USD 10,000

Benefit from industry-leading entry prices

  • Tight entry prices
  • Best-in-class digital service and support
  • 24/5 technical and account support

Platinum –  Minimum funding   USD 200,000

Receive even tighter spreads and commissions

  • Up to 30% lower prices
  • Best-in-class digital service and support
  • 24/5 technical and account support
  • Priority local-language customer support

VIP- Minimum funding   USD 1,000,000

Get the VIP treatment with our best prices and service

  • Our very best prices
  • Best-in-class digital service and support
  • 24/5 technical and account support
  • Local-language personal relationship manager
  • Direct access to our trading experts, 24/5
  • 1:1 SaxoStrats access
  • Exclusive event invitations

Trading platforms

SaxoTraderGO

Get fast and reliable access to 35,000+ instruments from any PC, Mac, tablet or smartphone.

SaxoTraderGO is our powerful yet easy-to-use platform, complete with a comprehensive suite of trading tools and features.

SaxoTraderPRO

Our professional-grade platform is fully customisable across multiple screens, and includes advanced features such as Depth Trader and algorithmic orders.

SaxoTraderPRO is downloadable on Windows or Mac, and your account syncs seamlessly with the SaxoTraderGO mobile and tablet apps when you’re on the move.

Metatrader 4: not available, discontinued

Payment Options

Minimum deposit requirement: $10,000

Payment methods: wire transfer, credit cards

Education and Promo

Customer support: phone, email, online chat

How was the rating of Saxobank performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Saxobank FX broker performance and features. 

Overall our online Saxobank review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Saxobank or you find inaccurate details Saxobank broker review please get in touch with us and the changes will be applied.

Saxo Bank Details

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Maximum Leverage:
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