Saxo Bank

Official website Open account




SaxoTrader, SaxoTraderGO

MiFID, The Danish FSA


  • Seminars and training
  • Trust management
  • Wide selection of trading instruments


  • Broad range of trading instruments.
  • Strong regulatory compliance and security measures.
  • Comprehensive educational resources for Forex trading.


  • High minimum deposit, potentially inaccessible for some traders.
  • Absence of the widely-used MT4 trading platform.
  • Limited options for deposit and withdrawal.
  • Inactivity fee of $100 for accounts dormant for over six months.
  • A small selection of payment systems for withdrawal


Saxo Bank Overview: A Comprehensive Guide by Trade Forex

Saxo Bank, a renowned European investment bank, stands out in the financial services sector. Established in 1992 in Denmark, it has since expanded its presence to 24 countries, solidifying its status as one of the oldest and most prestigious investment-focused European banks. Trade Forex recognizes Saxo Bank’s unique approach to servicing a diverse client base, including private traders, brokerage firms, banks, and institutional investors.

Trading Offerings and Services

Saxo Bank distinguishes itself with an impressive array of services:

  • Global Exchange Access: Offers direct trading on global exchanges, including 182 currency pairs, over 9,000 CFD contracts, 75,200 option contracts, 200 futures, 19,000 equities, along with precious metals, stocks, bonds, and ETF-funds.
  • Account Options: A minimum deposit requirement of $10,000.
  • Competitive Trading Conditions: Features narrow spreads and instantaneous execution, ensuring smooth trading without terminal freezes or re-quotes.
  • Leverage and Demo Account: Provides leverage up to 1:100 and a 20-day demo account with $100,000.
  • Educational Resources: Offers complimentary training for beginners.
  • Support Services: 24-hour support.

Regulatory Compliance and Security

  • Banking License: Holds a Danish FSA banking license since 2001, ensuring compliance with stringent financial standards.
  • EU Regulation Compliance: Fully adheres to the MiFID Directive as Denmark is an EU member.
  • Customer Protection: Member of the Guarantee Fund, insuring customer accounts up to 100,000 EUR in case of bank failure.
  • Global Licensing: Possesses necessary licenses from local central banks in various countries.

Account Types and Tariff Plans

Saxo Bank caters to a wide range of traders with three main account types:

  1. Saxo Classic: Ideal for independent trading and investment with a $10,000 minimum deposit.
  2. Saxo Premium: Tailored for high-volume traders, requiring a $100,000 minimum deposit.
  3. Saxo Platinum: Offers individualized trading conditions for a minimum deposit of $500,000.

Additionally, Saxo Bank provides two Forex trading tariff plans:

  • For Large Volumes: Trades with tight spreads and transparent conditions, including additional fees.
  • All-Inclusive: Attractive pricing with no commission charges.

Trading Platforms

Saxo Bank operates on two main platforms:

  • SaxoTrader: A robust, fixed trading platform.
  • SaxoTraderGO: A versatile, mobile-friendly platform.

Conclusion: Is Saxo Bank Right for You?

Saxo Bank is a highly reliable broker, especially suited for professional traders seeking to trade in substantial volumes with a robust strategy. Its comprehensive offerings, regulatory compliance, and diverse trading instruments make it an attractive choice. However, beginners or those with limited capital might find other brokers in the Trade Forex ranking more suitable. We encourage reading and sharing Saxo Bank reviews on our platform for informed decision-making.

Frequently Asked Questions About Saxo Bank Forex Trading

Saxo Bank is a globally recognized Danish investment bank specializing in online trading and investment services. In Forex trading, Saxo Bank offers access to a wide range of currency pairs, including major, minor, and exotic pairs. The bank is renowned for its advanced trading technology, comprehensive market research, and a professional-grade trading platform. Saxo Bank provides both retail and institutional clients with sophisticated tools and resources for Forex trading, including detailed analysis, real-time data, and customizable interfaces.

Yes, Saxo Bank is a heavily regulated financial institution. It operates under strict regulatory oversight from multiple authorities worldwide, including the Danish Financial Supervisory Authority (FSA), the UK Financial Conduct Authority (FCA), and other regulatory bodies in the countries where it operates. This regulatory framework ensures a high level of client security and adherence to financial standards.

Saxo Bank offers a range of account types to suit various trader needs and investment sizes. These include the Saxo Account, which caters to retail traders, and the Saxo Professional Account, designed for experienced traders and high-volume investors. Each account type provides different levels of access to market research, trading tools, and customer support. Saxo Bank also offers a demo account for traders to practice strategies without financial risk.

Saxo Bank provides its clients with the SaxoTraderGO and SaxoTraderPRO platforms. SaxoTraderGO is a user-friendly, web-based platform suitable for all types of traders, offering comprehensive trading tools, analysis, and seamless account management. SaxoTraderPRO is a more advanced, downloadable platform tailored for professional traders, offering extensive customization, advanced charting tools, and high-speed execution.

Yes, Saxo Bank offers a variety of educational resources for Forex traders. This includes in-depth market analysis, trading strategy guides, webinars, and educational articles. These resources are aimed at enhancing traders’ understanding of the Forex market and improving their trading skills.

Saxo Bank places a high priority on the security of client funds and personal information. Client funds are held in segregated accounts, separate from the bank’s funds. Saxo Bank also employs advanced security measures, including encryption and robust IT infrastructure, to protect clients’ personal and financial data.

Saxo Bank provides comprehensive customer support through various channels, including phone, email, and chat. The support team is available to assist with trading inquiries, technical issues, and account management questions. Additionally, Saxo Bank offers support in multiple languages to accommodate its global client base.

Saxo Bank offers several special features and tools for Forex traders. These include advanced order types, comprehensive risk management tools, real-time trade signals, and access to a broad range of market research and analysis. The bank also offers SaxoStrats, which provides insights and strategies from Saxo Bank’s team of expert analysts.

Saxo Bank