Written by
Carlos Mendez
(MBA, CFA Level II)
Senior Financial Analyst
Published:
Oct 24, 2025
Updated:
Sep 30, 2025
Reviewed by
Editorial Team
Editor
Overall Rating
4.6
out of 5.0
Score Breakdown
Who Is This Broker For?
Best for: Professional traders and high-net-worth individuals seeking comprehensive market access and premium research.
Pros & Cons
Pros
- Access to 71,000+ instruments across global markets
- Institutional-grade research and analysis
- Award-winning SaxoTraderGO and SaxoTraderPRO platforms
- Extensive educational content and market insights
- Strong banking-level regulation and security
- Advanced portfolio management tools
Cons
- Higher fees compared to discount brokers
- Minimum deposit of $2,000 for most accounts
- Inactivity fee ($100 per quarter after 6 months)
- Complex pricing structure
- May be overwhelming for casual investors
Fees & Costs
Spreads
Variable; competitive on FX with volume discounts
Commission
From $10 on US stocks; volume-based discounts available
Overnight/Swap
Competitive margin rates with tiered pricing
Deposit Fee
$0 for bank transfers
Withdrawal Fee
$0 for bank transfers; other methods may vary
Trading Platforms
SaxoTraderGO
SaxoTraderPRO
Mobile (iOS/Android)
API
Safety & Regulation
Regulated by:
DFSA (Denmark Financial Supervisory Authority)
FCA (UK)
ASIC (Australia)
MAS (Singapore)
FINMA (Switzerland)
Available in: Global (180+ countries); limited services in USA
Availability
Countries: Global (180+ countries); limited services in USA
Languages: 20+ languages including en, es, pt, ru, zh, ja, ar, de, fr, it
Payment Methods
-
Bank Transfer
$0 from Saxo Bank • 1-3 business days
-
Credit/Debit Card
$0 • Instant
Frequently Asked Questions
Is Saxo Bank suitable for beginners?
Saxo Bank is best suited for experienced traders and investors due to higher fees and minimum deposits. However, they offer excellent educational resources.
What markets can I access?
Saxo Bank provides access to stocks, ETFs, bonds, forex, commodities, options, and futures across 36 global exchanges.
What are the inactivity fees?
$100 per quarter is charged after 6 months of no trading. Active traders can avoid this easily.
Is Saxo Bank a real bank?
Yes, Saxo Bank is a licensed investment bank headquartered in Denmark, offering full banking services alongside brokerage.
How safe is my money with Saxo Bank?
Extremely safe. Saxo Bank is regulated as a bank with tier-1 oversight, client fund segregation, and participation in deposit guarantee schemes.
Sources & References
This analysis is based on verified information from the following official sources:
Last verified: September 30, 2025. All links verified and active at time of publication.