Danish bank-broker with SaxoTraderGO and SaxoTraderPRO; absorbed BinckBank, which expanded its presence in the Netherlands, Belgium, France and Italy.
- Headquarters
Denmark- Founded
- 1992
- Type
- Multi-asset brokers
- Licences on record
- 7 (3 European)
- EU client entity
- Saxo Bank A/S (Danish FSA) and EU subsidiaries/branches
- Platforms
- Own platform, TradingView
- Products
- Forex, CFDs, Stocks, ETFs, Options, Futures, Bonds, Funds
- Website
- home.saxo
Strengths
- Danish bank with a banking licence and decades of history
- Very broad access: shares, ETFs, bonds, futures, listed options, forex and CFDs
- SaxoTraderGO and SaxoTraderPRO are among the best platforms in retail trading
- Local presence in several EU countries after acquiring BinckBank
Watch-outs
- Pricing tiers and custody/conversion fees need careful reading
- The platform depth can overwhelm beginners
- No MetaTrader
Overview
Saxo was founded in Copenhagen in 1992 and has held a Danish banking licence for many years. It is known for its own trading technology, used both by its retail clients and by banks that white-label it. Its 2019 acquisition of the Dutch broker BinckBank expanded its reach in the Netherlands, Belgium, France and Italy.
Which entity serves you
Clients in most EU countries are served by Saxo Bank A/S or its local subsidiaries and branches, under Danish FSA supervision. Cash is a bank deposit covered by the Danish deposit guarantee, and securities are held in custody. Swiss, UK, Australian, Singapore and other clients are served by local Saxo entities.
Platforms and products
SaxoTraderGO (web and mobile) and SaxoTraderPRO (desktop) give access to tens of thousands of instruments across shares, ETFs, bonds, mutual funds, listed options and futures, forex spot and options, and CFDs. Research, analysis and portfolio tools are included.
Costs
Pricing depends on account tier and instrument. Check commissions, custody fees, currency conversion mark-ups and financing before committing a large portfolio.
Our view
Saxo is a strong fit for traders and investors who want a bank-grade, multi-asset account with professional tools. Its banking licence and Danish supervision give it a high Protection Score.
Licences on record
Brands often operate several companies. The one that onboards you depends on where you live, and that company's regulator decides your protection. Confirm the entity on the official register before you deposit.
| Regulator | Jurisdiction | Type | Check it |
|---|---|---|---|
| Finanstilsynet (DK) Finanstilsynet (Danish Financial Supervisory Authority) | Denmark |
EU/EEA – passportable | Regulator website |
| FCA Financial Conduct Authority |  United Kingdom |
UK | Official register |
| FINMA Swiss Financial Market Supervisory Authority |  Switzerland |
Switzerland | Regulator website |
| ASIC Australian Securities and Investments Commission |  Australia |
Non-European | Regulator website |
| MAS Monetary Authority of Singapore |  Singapore |
Non-European | Regulator website |
| SFC Securities and Futures Commission (Hong Kong) |  Hong Kong |
Non-European | Regulator website |
| FSA Japan Financial Services Agency (Japan) |  Japan |
Non-European | Regulator website |
What protection would you get?
If you are a retail client of Saxo's European entity, these safeguards apply by law. Which one applies to you depends on the entity you sign with.
- Investor compensation: At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim). – Garantiformuen (Guarantee Fund) (confirm with the scheme)
- Leverage for retail clients: capped at 30:1 on major currency pairs, down to 2:1 on crypto. Details
- Negative balance protection: you cannot lose more than the money in your account.
- Margin close-out: positions are closed when equity falls to 50% of required margin.
- Complaints: Det finansielle ankenævn (Financial Complaints Board)
- Best forex brokers in Denmark
- Investor compensation: Up to £85,000 per person per firm for investments – Financial Services Compensation Scheme (FSCS)
- Leverage for retail clients: capped at 30:1 on major currency pairs, down to 2:1 on crypto. Details
- Negative balance protection: you cannot lose more than the money in your account.
- Margin close-out: positions are closed when equity falls to 50% of required margin.
- Complaints: Financial Ombudsman Service
- Best forex brokers in United Kingdom
- Investor compensation: Securities are separated from the bank's own assets; cash is covered by deposit protection – No investor compensation scheme – securities in custody are segregated and returned in a bank failure
- Custody: securities held for clients are segregated from the bank's own assets.
- Complaints: Swiss Banking Ombudsman
- Best forex brokers in Switzerland
Verify Saxo yourself
- Find the exact company name in the footer of the website and in the client agreement you are asked to sign.
- Search that name on the register of the regulator listed for your country (links above). Make sure the register shows the same website domain.
- Check warning lists for look-alike names: IOSCO I-SCAN covers alerts from regulators worldwide.
- Never download remote-access software or move money because someone "from the broker" phoned you. How clone-firm scams work.
Protection Score breakdown
| Factor | Points |
|---|---|
| Holds at least one European licence (EU/EEA, UK or Swiss) | +40 |
| ESMA/FCA retail protections available (leverage caps, negative balance protection, compensation scheme) | +15 |
| Supervised in 7 strong jurisdictions | +12 |
| Group holds a banking licence (higher capital requirements) | +8 |
| Operating for 34 years | +7 |
| Total | 82/100 |
The score measures structural protection from licences and corporate facts, not costs, service or platform quality. A high score does not mean a firm is right for you. Methodology.
Trader experiences
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About this data
Profile type: reviewed profile. Licence data is from our research and has not yet been re-checked against every register; confirm it on the official register before relying on it. Last updated 30 September 2026.
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