Saxo Bank
Premium broker. 70,000+ instruments. Stocks, bonds, forex, CFD. Powerful platform.
Overview
Saxo Bank is a Danish investment bank founded in 1992 by Kim Fournais and Lars Seier Christensen. Headquartered in Copenhagen, Denmark, Saxo Bank is a fully licensed and regulated bank that provides online trading and investment services across a vast range of asset classes. The bank serves over 1.2 million clients globally through its offices in 15 countries.
Saxo Bank is regulated by the Danish Financial Supervisory Authority (DFSA), FCA (UK), ASIC (Australia), MAS (Singapore), SFC (Hong Kong), and other major regulators. As a fully licensed bank, client funds are protected under banking regulations, providing an additional layer of security compared to standard brokerages.
What sets Saxo Bank apart is its comprehensive market coverage — traders can access 71,000+ instruments across stocks, bonds, ETFs, forex, CFDs, futures, options, and more from a single account. The SaxoTraderGO and SaxoTraderPRO platforms offer institutional-grade tools for all levels of investors.
Key Features
- 71,000+ instruments: One of the widest product ranges in the industry
- SaxoTraderPRO: Professional multi-screen platform with advanced tools
- Managed portfolios: SaxoWealthCare robo-advisory and managed accounts
- Bond trading: Direct access to 5,800+ bonds from multiple markets
- Multi-asset account: Stocks, forex, CFDs, futures, options from one account
- Research & analysis: Morningstar equity research, SaxoStrats market analysis
- Institutional services: White-label solutions and OpenAPI for fintech
- VIP tiers: Classic, Platinum, VIP with progressively lower fees
Supported Markets
| Market Type | Details | |-------------|---------| | Stocks | 23,500+ stocks across 50+ exchanges | | ETFs | 7,000+ ETFs globally | | Forex | 185+ currency pairs | | CFDs | Stocks, indices, commodities, forex CFDs | | Futures | 300+ futures contracts | | Options | Listed options on stocks and indices | | Bonds | 5,800+ government and corporate bonds | | Mutual Funds | 1,100+ mutual funds |
Fee Structure
| Type | Fee | |------|-----| | US Stocks | $1 per trade (Classic), min $1 | | European Stocks | 0.08% per trade (Classic) | | Forex | From 0.4 pip (EUR/USD, VIP) | | Futures | From $1.25 per contract | | Options | From $0.75 per contract | | Account minimum | $0 (Classic), $200,000 (Platinum), $1M (VIP) | | Custody fee | 0.12%/year on portfolio value (waived for active traders) |
Platforms & Interfaces
- SaxoTraderGO: Web and mobile platform for all levels
- SaxoTraderPRO: Desktop professional platform with multi-monitor support
- SaxoInvestor: Simplified investment platform for long-term investors
- Saxo OpenAPI: Full REST API for custom integrations and algo trading
Regulation
- DFSA (Denmark — Danish Financial Supervisory Authority)
- FCA (United Kingdom)
- ASIC (Australia)
- MAS (Singapore)
- SFC (Hong Kong)
- FSA Japan
Getting Started
- Open an account at home.saxo — Classic ($0 min), Platinum ($200K+), or VIP ($1M+)
- Verify identity with passport/ID and proof of address
- Fund via bank transfer, card, or account transfer
- Choose SaxoTraderGO (all levels) or SaxoTraderPRO (active traders)