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Saxo Bank

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Community summary

Saxo Bank is a Danish investment bank offering online trading and investment services across more than 71,000 financial instruments including stocks, bonds, CFDs, forex, and ETFs to clients worldwide.

Broker specification

Markets, costs, accounts and operations

Source-attributed product facts checked 2026-08-01. Terms can vary by legal entity, account type and client jurisdiction; verify the linked official documents before opening an account.

Multi-AssetInstitutionalForex & CFDStocks & ETFsFutures & Options
Minimum deposit
No minimum initial funding
Spread from
1 pip
Commission from
EUR 2 (Euronext stocks), USD 1 (US stocks)
Maximum leverage
Varies by product and client categorization (CFDs involve high risk due to leverage)

Markets & instruments

Asset classes
Stocks · ETFs · Funds · Bonds · Options · CFDs · Forex · Futures · Commodities
Execution model
DMA · Agency
Client types
retail · professional · institutional

Platforms & accounts

Platforms
SaxoInvestor · SaxoTrader
Account types
Standard · Premium · Demo
Base currencies
USD · EUR · GBP

Funding

Deposit methods
Bank Transfer
Withdrawal methods
Bank Transfer

Support

Channels
Phone · Email · Live Chat
Languages
English · Danish · French · German · Italian · Polish · Dutch · Norwegian · Chinese · Arabic · Multiple Languages
Hours
24/5

Account capabilities

Demo account
Islamic account
Copy trading
Negative balance protection

Key features

  • No minimum initial funding
  • No platform or inactivity fees
  • 20-day demo account with simulated USD 100,000
  • Access to global markets
  • Premium account tiers for high-activity traders
  • Stock lending to earn on securities
  • FactSet and Morningstar analyst ratings
  • 24/5 multilingual support
  • Regulated financial institution with banking licence

Fees and trading costs

Low commissions across all asset classes. Stocks on Euronext exchanges from EUR 2, US stocks from USD 1, Bonds from EUR 20, EUR stock options from EUR 0.75 per contract. No platform or inactivity fees. Specific rates vary by instrument and account type.

Investor protection

Regulated financial institution with banking licence, Danish Guarantee Fund protects up to EUR 100,000 of deposits, A- credit rating from S&P Global Ratings

Official terms Funding information Platform information
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Trustpilot

Checked 2026-08-01

3.7
8,651 reviews
Recurring positives: Professional and knowledgeable support staff · Fast issue resolution · User-friendly platform and mobile app · Comprehensive global market access
Recurring concerns: Delays in fund transfers to other brokers · Burdensome documentation requirements · Inconsistent support response times · Pricing transparency concerns
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