Company Overview
Founded in 1992, Saxo Bank is a Danish investment bank headquartered in Hellerup, Denmark. With offices in major financial hubs such as London, Singapore, and Tokyo, Saxo operates in over 100 countries worldwide. The broker is licensed and supervised by multiple top-tier regulators, including ASIC, FCA, FSA, SFC, AMF, CONSOB, FINMA, and MAS.
Saxo offers a wide range of financial products—forex, stocks, ETFs, bonds, futures, listed options, and forex options—available through its proprietary trading platforms: SaxoTraderGO, SaxoTraderPRO, and SaxoInvestor.
Key Facts
Founded: 1992
Headquarters: Hellerup, Denmark
Regulation: ASIC, FCA, FSA, SFC, AMF, CONSOB, FINMA, MAS
Products: Stocks, ETFs, Bonds, Mutual Funds, Forex, Futures, Options
Demo Account: Available (20 days with $100,000 virtual funds)
Account Types: Classic, Platinum, VIP
Minimum Deposit: $0
Leverage: Up to 1:100
Spreads: From 0.4 pips (EUR/USD)
Platforms: SaxoTraderGO, SaxoTraderPRO, SaxoInvestor
Payments: Online Banking, eDDA, Bank Transfer
Support: 24/5 via phone & email
Restrictions: US & Japan clients not accepted
Pros & Cons
Pros:
- Regulated by top-tier global authorities
- Wide range of instruments (40,000+ stocks, 180+ currency pairs)
- No minimum deposit required
- User-friendly trading platforms
- Advanced research and tools
- 20-day demo account with $100,000
Cons:
- US & Japan residents cannot open accounts
- Limited direct communication channels
- No MT4/MT5 support
Is Saxo Safe?
Yes. Saxo is highly regulated and licensed across multiple jurisdictions.
Client protections include:
Segregated client accounts
Negative balance protection
Two-factor authentication (2FA)
SSL data encryption
Membership in the Danish Investor Compensation Scheme
Trading Products
Forex: 180+ currency pairs (majors, minors, exotics)
Stocks: 40,000+ shares from 36 global exchanges
ETFs & CFDs: 3,000+
Futures & Options: 200+ across commodities, indices, and bonds
Bonds: Wide range of government & corporate bonds
Mutual Funds: Available
Accounts & Deposits
Account Types: Classic, Platinum, VIP (Individual, Corporate, Professional)
Demo Account: Free, 20 days, $100,000 virtual funds
Minimum Deposit: $0 (varies for advanced accounts)
Funding: Bank Transfer, Online Banking, eDDA
Withdrawals: Secure, processed within a few days
Leverage & Spreads
Leverage: Up to 1:100 (varies by product & client type)
Spreads: From 0.4 pips on EUR/USD
Commissions: From $1 on US stocks/ETFs; Bonds from 0.05%; Options from $0.75/contract
Trading Platforms
SaxoTraderGO: Web-based, customizable, suitable for all traders
SaxoTraderPRO: Desktop platform with advanced charting & algo trading
SaxoInvestor: Beginner-friendly platform for stocks, ETFs, and bonds
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