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VeryGood 6.50
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Saxo Review

  • Excellent selection of trading platforms
  • Extensive array of tradeable instruments
  • Phenomenal customer support
  • Highly regulated and very safe and secure
  • No cryptocurrency trading
  • No spread betting
  • Americans are not accepted

Saxo Bank is an exceptional online trading brokerage with an outstanding reputation and have been in the retail trading business for over 25 years as they were founded in 1992. Saxo Bank is owned and operated by Saxo Group and is licensed and regulated as a Danish bank with their headquarters located at Philip Heymans Alle 15, 2900 Hellerup, Copenhagen, Denmark. While the brokerage is headquartered in Denmark, the brokerage operates on an international basis and has offices Europe, Asia, Australia, and Africa. The brokerage services clients from over 180 countries and supports over 20 languages.

The Saxo Bank trading brokerage is fully licensed and regulated as an EU bank and investment firm and therefore falls under the jurisdiction of Market in Financial Instruments Directive (MiFID). Also, Saxo bank is licensed and regulated as a bank by the Danish Financial Supervisory Authority (DFSA). In addition to the brokerages high level of regulation by competent regulatory authorities, Saxo Bank has been awarded numerous awards for their competent trading services. Saxo Bank is clearly a highly competent and respected online trading brokerage, but are they the right broker for you? Find out in the following review where we’ll go in to depth about all the aspects that make up this online trading brokerage.

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Trading Platform

Saxo Bank features not one but two exceptional proprietary trading platforms. Whether you are a busy, more casual trader or a serious and professional trader, Saxo Bank has a platform for you. See the platforms overviewed below.


This is Saxo Banks most popular trading platform. The platform is completely web-based and is compatible across all desktop operating system and mobile devices. The platform features an extensive list of tradeable instruments, risk management tools, and features that allow traders to easily execute trades and manage their portfolio. Via this platform, traders can access news feeds, market data, live charting, and more. As well, traders can utilize automated trade signals and conduct extensive technical analysis.


This trading platform is Saxo Bank’s intuitive, fully customizable, and professional grade trading platform. This platform is designed for professional and institutional level traders and can be downloaded for both Windows and Mac operating systems. The platform supports up to six screens and an extensive array of trading and analysis tools. As well, traders can implement and utilize a variety of risk management tools. See some of the most notable features below.

  • Enhanced trade ticket, One-click trading, Keyboard shortcuts
  • Depth trader
  • Real-time order executions
  • Algorithmic orders, Variety of algo orders
  • Charting package with over 50 technical indicators
  • Option chain

Exchange Markets

Saxo Bank provides their traders with a truly extensive array of over 35,000 financial instruments to trade across the international markets. The markets traders can participate in include Forex, Forex Options, CFDs, Stocks, Futures, Bonds, ETFs, and listed Options. See a quick overview of these markets below.


  • Over 180 forex spot pairs and 140 forwards
  • Majors, Minors, Exotics and Metals
  • Tight spreads, competitive commissions

Forex Options

  • Over 40 forex vanilla options
  • Maturities from one day to 12 months
  • Spreads as low as 5 pips


  • Over 9,000 CFDs on a range of global markets
  • Indices, Stocks, ETFs, Forex, Commodities and Bonds
  • Up to 40X leverage


  • Over 19,000 stocks from 36 exchanges worldwide
  • Low commissions
  • Free trade signals and advanced orders


  • Over 200 futures from 23 global exchanges
  • Equity Indices, Energies, Metals, Agriculture, Rates, etc.
  • Low commissions and advanced features


  • Direct access to over 5,000 bonds
  • Bonds from 26 countries
  • Liquidity from over 50 global bond providers and exchanges


  • Over 3,000 ETFs from more than 30 exchanges worldwide
  • Indices, Equity sectors, Commodities and more
  • Access to ETCs and ECNs

Listed Options

  • Over 1,200 listed options from 23 global exchanges

Fees and Commission

In most cases, Saxo Bank offers their traders volume based fees that reward traders with higher trade volumes and larger deposits. The brokerage charges fees via both commissions and spreads. All in all, the spreads and commissions are quite tight and vary depending on the tier the trading volume of the trader.

Security and Fairness

Saxo Bank is a very safe, secure, and fair online trading brokerage as they are highly regulated by competent regulatory authorities and employ the most advanced security measures to protect their clients. As well, Saxo Bank is a member of the Danish Guarantee Fund for Depositors and Investors which protects client funds of up to EUR 100,000 in the event of insolvency or bankruptcy. Also, client funds are held in securely segregated bank accounts with trusted European banks. Other security measures include advanced SSL encryption techniques on all transmitted data and other bank level security measures. All in all, Saxo Bank is one of the most secure and fair online trading brokerages there is.


The support offered by Saxo Bank is exceptionally good. Support representatives can be reached via email, telephone, and social media 24 hours a day, 5 days a week. The support received by these representatives is very good as Saxo Bank offers localized support in over 20 languages across Europe, Asia, Australia, and Africa. In addition to these contact methods, traders can utilize the extensive support page provided by Saxo Bank. Here, traders will find numerous helpful articles, FAQs, guides, tutorials, and more.


The Saxo Bank online trading brokerage is a very successful and highly competent international trading brokerage that provides traders with premium investment services across numerous financial asset classes. The trading platforms featured by Saxo Bank are of excellent quality and accommodate the needs of both casual and professional traders. Saxo Bank is highly regulated and very secure, and they offer clients a personalized trading experience with exceptional customer support. All in all, we would highly recommend Saxo Bank as a viable online trading brokerage.

Saxo Bank Q&A

The following are the common questions that customers inquired about Saxo Bank.

Is Saxo Bank regulated?

Yes, it is licensed and regulated as a bank by the Danish Financial Supervisory Authority (DFSA) and adhered to the regulations of the MifID.

Is Saxo Bank a scam?

No, Saxo Bank is a legit broker and is used and trusted by many in the trading industry.

Where is Saxo Bank based?

Saxo Bank is based at at Philip Heymans Alle 15, 2900 Hellerup, Copenhagen, Denmark.


Saxo Bank Screenshot
Saxo Reviews by Traders
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208 reviews
Review date 02/08/2018
1 2 3 4 5 6 7 8 9 10
Saxo offers popular trading platforms and a strong range of equities.
Saxo has some limitations that I don't care for.
161 reviews
Review date 02/08/2018
1 2 3 4 5 6 7 8 9 10
Saxo has great customer support and a strong range of securities for speculation. They are also strongly regulated.
Saxo would be better if they accepted American traders and if they had more assets to trade.
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