Overall Rating: ★★★★☆ (4.2/5.0)

Saxo Bank is a global investment bank and multi-asset broker based in Denmark, offering access to forex, stocks, ETFs, commodities, bonds, and cryptocurrencies through its proprietary platforms, including SaxoTraderGO and SaxoTraderPRO. Founded in 1992, Saxo Bank is regulated by multiple financial authorities, including the FCA, ASIC, CySEC, and others, making it one of the most reputable and secure brokers in the market. Saxo Bank is ideal for professional traders, institutional investors, and high-net-worth individuals who seek advanced trading features, top-tier research, and robust customer service.

This Saxo Bank review delves into its platform offerings, pricing, regulation, and why it’s a top choice for serious traders in 2025.

Key Features

Saxo Bank caters to experienced traders and institutional clients by providing advanced trading platforms, cutting-edge tools, and multi-asset access.

• Trading Platforms:
  • SaxoTraderGO (web, mobile)
  • SaxoTraderPRO (desktop platform)
  • API trading for institutional clients
• Markets Offered:
  • Forex, stocks, indices, ETFs, bonds, and cryptos
  • Over 35,000 instruments across 60+ global exchanges
• Account Types:
  • Classic, Premium, and Platinum accounts
  • Corporate and Institutional accounts
• Leverage:
  • Up to 1:30 for retail clients (EU)
  • Up to 1:200 for professional accounts
• Minimum Deposit:
  • $500 for Classic accounts
  • Higher for Premium and Platinum accounts
• Funding Methods:
  • Bank transfer, credit/debit cards, Skrill, Neteller

Regulation and Security

Saxo Bank is heavily regulated and operates with high security standards, offering investor protection and financial transparency.

• Regulated by the FCA (UK), ASIC (Australia), CySEC (Cyprus), and other leading authorities
• MiFID II compliant
• Client funds segregated in Tier-1 banks
• Investor protection via the UK’s Financial Services Compensation Scheme (FSCS)
• Negative balance protection for retail clients
• Fully insured against cybersecurity threats

Pricing and Costs

Saxo Bank uses a commission-based pricing structure with tight spreads and competitive fees for high-volume traders.

• Spreads:
  • From 0.4 pips for major forex pairs (on Premium accounts)
  • Variable spreads on other asset classes
• Commission:
  • $3 per 10,000 traded (forex)
  • Commissions vary for stocks, ETFs, and other assets
• Deposit/Withdrawal Fees:
  • Free for most methods, but third-party fees may apply
• Inactivity Fee:
  • $100/month after 6 months of inactivity

Educational Resources and Customer Support

Saxo Bank provides comprehensive educational resources and in-depth research tailored to professional traders and institutional clients.

• Education:
  • Webinars, eBooks, in-depth trading guides
  • Structured courses on fundamental and technical analysis
• Market Research:
  • Daily insights, economic calendar, expert analysis, and real-time trading signals
  • Exclusive content from Saxo Bank’s experts and third-party partners
• Customer Support:
  • 24/5 live chat, phone, and email support
  • Multilingual support in multiple regions
  • Highly responsive and professional service

Risk Management Tools

Saxo Bank provides advanced risk management tools, essential for professional traders.

• Stop-loss, take-profit, and trailing stop orders
• Guaranteed stop-loss orders (GSLOs)
• Advanced margin and risk monitoring tools
• Negative balance protection
• Customisable alerts and risk management dashboards

Pros and Cons

Pros

• Highly regulated with MiFID II compliance
• Advanced platforms (SaxoTraderGO and PRO)
• Access to 35,000+ instruments across global markets
• Top-tier research and educational resources
• Highly professional customer service
• Negative balance protection for retail clients

Cons

• High minimum deposit ($500)
• Commissions can be higher for small traders
• Leverage limited to 1:30 for retail clients in the EU
• Not ideal for beginners due to platform complexity

Conclusion: Is Saxo Bank the Right Choice?

Saxo Bank is a top-tier choice for experienced traders, institutional investors, and high-net-worth individuals looking for advanced trading tools, global market access, and reliable regulation. While the minimum deposit and commission-based structure may deter casual traders or beginners, Saxo Bank’s robust security, expert research, and highly professional service make it a standout broker for serious market participants.

For retail traders who are just starting or seeking lower barriers to entry, brokers like AvaTrade, Pepperstone, or IC Markets might be more suitable.