Saxo Bank

Forex Broker
Min. deposit
Trading Platforms SaxoTrader, SaxoTraderGO
Regulation MiFID, The Danish FSA
Payment systems for withdrawal Bank Transfers, Debit/Credit Cards 
Seminars and training
Trust management
Wide selection of trading instruments
reliable broker with a banking licence+56
a wide choice of trading instruments+9
a great broker for experienced traders+9
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charged the fee for maintenance of inactive trading accounts+24
big minimum Deposit - $10,000+22
a small selection of payment systems for withdrawal+11
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Saxo Bank - is a licensed investment European bank offering clients access to trade currency pairs and CFD-forex contracts as well as options, futures and equities on the stock exchange. SaxoBank - this is one of the oldest and most prestigious European banks specializing in investment. It was founded in 1992 in Denmark, and now its offices located in 24 countries. A feature SaxoBank broker is that despite his high status, it works with all types of customers, not only with the brokerage companies, banks and institutional investors, but also with private traders, and provides a wide range of services:

  • Direct access to trading on global exchanges (182 currency pairs, CFD-9000 contracts, option contracts 75 200 futures, 19,000 shares, as well as precious metals, stocks, bonds, ETF-funds);
  • A minimum deposit of $ 10 000;
  • Narrow spreads and instant execution without hanging of the terminal and re-quotes;
  • Leverage up to 1: 100;
  • 20-day free demo account to $ 100 000;
  • Free training for beginners;
  • Clock Russian-language technical support.

Regulation broker Saxo Bank

Saxo Bank has a banking license (number 1149) The Danish FSA since 2001 - the Danish Directorate for Financial Supervisory Authority. Since Denmark is a member of the EU, the Saxo Bank fully complies with all the requirements of MiFID Directive. In addition, SaxoBank is a member of the Guarantee Fund, so all its customer accounts are insured for 100 000 EUR in the case of bank failure. Also mandatory SaxoBank all units in other countries are licensed local central banks. A full list of licenses can be found on the official website of SaxoBank.

Trade accounts and service plans Saxo Bank

Broker Saxo Bank offers three merchant account:

  • Saxo Classic;
  • Saxo Premium;
  • Saxo Platinum.

saxo bank

Account Saxo Classic with a deposit of $ 10 000 for an independent trade and investment, the account Saxo Premium with a minimum deposit of $ 100 000 for customers trading in large volumes, and the account Saxo Platinum with a minimum salary of 500 000 $ will allow to trade on individual conditions with minimal commissions. In addition, SaxoBank offers two tariff plans to trade on the Forex:

  1. "For large volumes." Trade with tight spreads and transparent trading conditions (taken additional fee);
  2. "All Inclusive". Trading at attractive prices, without commissions.

Trade is carried on trading platforms Saxo Bank: fixed platform SaxoTrader and the mobile platform SaxoTraderGO.


Thus, Saxo Bank is a trustworthy banking license broker. Its advantages include a wide range of trading instruments, licenses, an opportunity to go free training Forex trading. The disadvantages of Saxo Bank are the high amount of the minimum deposit that is not available to every trader, the absence of the usual trading MT4 platform, to go through the verification of the documents before registering an account, a minimum range of ways to recharge and withdrawal, in the absence of trading activity within six months of commission $ 100 account maintenance. In general it can be concluded that Saxo Bank is an excellent choice for professional traders who are ready to work in the presence of the strategy and would like to trade in large volumes from a reliable European broker. For beginners, we recommend that you look to other brokers in our ranking. You can also read SaxoBank reviews and leave your comments.

  • Year of foundation 1992
  • Head Office address Philip Heymans Allé 15 DK-2900 Hellerup Denmark
  • Maximum leverage 1:100
  • Min. deposit $10000
  • Regulation MiFID, The Danish FSA
  • Trading Platforms SaxoTrader,SaxoTraderGO
  • Payment systems for input Bank Transfers, Debit/Credit Cards 
  • Payment systems for withdrawal Bank Transfers, Debit/Credit Cards 
  • Number of trading instruments 182
  • Number of CFD instruments 9000
  • Number of futures 200
  • Number of metals 2
  • Saxo Platinum
  • Saxo Premium
  • Saxo Classic
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Neutral feedback from Default Admin User
Saxo Bank, a well-established and regulated entity, is highly regarded for its reliability in the trading community. It offers a comprehensive trading platform and a wide range of instruments. However, its fee structure and minimum deposit might be high for some traders. Overall, Saxo Bank is considered a trustworthy and solid choice.