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Saxo Bank

( 37 Reviews )

Founded: 1996 Min Deposit: 10000 USD

Headquarters: Denmark Max Lev: 1 : 30

Business Scope
Trading Cost
Trading Platforms
Licence Status

multiple and strict regulation

FCA 551422
+45 39774000
Good Reputation
Strict Regulation
Multilingual Support
Low Commission
Fast Order Execution
Multiple Trading Instruments
Global Offices
Multiple Base Currencies Support
Negative Balance Protection

Deposit and Withdrawal



free withdrawals


No Withdrawal Fee
Fast Withdrawal

See more
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Company and Service



multilingual support & quick response


Global Offices
Good Customer Service
Headquarters Address
Philip Heymans Alle 15 2900 Hellerup Denmark
Founded 1996
Broker Type
Time Zone GMT
Credit Profile No information
Trading Platforms
No Data
Website Language
Arabic,  Chinese,  Czech,  Danish,  Dutch,  English,  French,  German,  Italian,  Japanese,  Norwegian,  Polish,  Russian,  Slovak
Customer Service By
Phone,  Email,  Live Chat,  Facebook,  Twitter,  LinkedIn
Supported Language
Arabic,  Chinese,  Czech,  Danish,  Dutch,  English,  French,  German,  Italian,  Japanese,  Norwegian,  Polish,  Russian,  Slovak

Broker News

Saxo Bank Introduces New Authentication Process for More Secure Logins 2023-01-19
Saxo Bank introduces a new identity verification process to reduce the risk of victimization.
Saxo Bank Considers Local Listing After Failed SPAC Merger 2023-01-11
Copenhagen-based retail forex and CFD broker Saxo Bank is considering an initial public offering (IPO) on the Nasdaq Copenhagen exchange as early as this year, according to Reuters sources.
Saxo Markets Moves into Bigger Office at CapitaSpring, Part of Its Long Term Strategy to Grow Business in Singapore 2022-02-10
Saxo Markets, the online trading and investment specialist that connects people to investment opportunities in global capital markets, has recently moved into its new Grade A office space in CapitaSpring, the newly completed integrated project in Singapore and the first built project in Southeast Asia by renowned Danish architect Bjarke Ingels.

Overall Score

37 Reviews

Cost 6.2

Platforms 6.1

Deposit & Withdrawal 6.0

Customer Support 6.2

Indicates the average level of Brokers

Keywords for selection
Responsive Customer Support Advanced Trading Platform Good/Professional Customer Support

37 Reviews

Shariful Haque

2022-04-22 7-12 months VIP Account
Service is excellent. Placing stops can be very very difficult in a fast market and there are other issues related to wanting to profit in fast markets about speed of access to change existing instructions and so forth. It could be better but it could be much much worse. Is there better somewhere?
Not helpful

mohd radhi

2022-04-08 7-12 months Classic Account
That’s not a good broker for some sort of trading strategies. I’ve got very poor performance since started trading using small take profits and stop losses. Other words, spreads too high for scalping. It brings my strategy performance to negative level comparing to other brokers. I also found that results are the same on all main currencies. So my conclusion is to use this broker only for position trading.
Not helpful

Sai Kikuchi

2022-03-11 0-6 months Classic Account
When I had my positions open over the weekend THEY INCREASED THE MARGIN TO 4%. I WAS WIPED OUT. BASTARDS! I’m changing brokers. Bastards, eh? If you have spent even 5 minutes reviewing their website you would know that they up the margin over the weekend
Not helpful


2022-02-17 0-6 months Classic Account
Saxobank dead company without support team. In Saxobank doesn't exist support team, they doesn't answer on me emails. It is SCAM broker.
South Africa
Not helpful

Gorciac Luiza

2022-02-08 Not used yet Classic Account
Please, can someone leave a comment of true experience with Saxo Bank? Look, when I see list of all trading currencies, I get a little confused. There are 182 currency pairs. My current broker offers 32 currencies for trading. The difference is huge especially when I see much better conditions with saxo. What I do not like is a minimum required balance that is $10000. Comparing to my broker it is very high level of entrance even if Saxo bank gives you so many trading instruments. Is it really worth to deposit 10K? What special with trading solutions if broker provides the same mt4 trading platform, regulated by same authorities and have all major currencies for trading?
Not helpful

Claudio Addamo

2022-01-15 0-6 months Classic Account
Oh yeah man, that 4% weekend margin is such a scam, one of the biggest scams on the forex market. Another that does something similar is Realtimeforex, they increase margin requirements to 2.5% at night!! So they can cover themselves for the rollovers. Saxobank just gives good image and profits from being a bank but lets get real, besides the fact that they offer other products than forex... I left them already a few months ago.
Not helpful


2021-12-30 1-3 years Classic Account
Traded for a year with the Saxo Trader, had a lot of bad experiences. Stop losses that were hit at levels that didn`t occur in real time, stop losses that didn`t work while they should, margin call stop out while that wasn`t possible. And the worst of all; very rude and unrealable"support" people that always blame the user. The only thing they`re interested in is your money, they want it and they get it. Don`t trade with them, you always lose.
United States of America
Not helpful


2021-12-16 0-6 months Classic Account
Damn rude tha's all I can say of their night dealer no damn manners at all, system slower than my grandmother walking
Not helpful


2021-11-24 Not used yet Classic Account
please somebody tell me... which is the best forex borker?
South Africa
Not helpful

Mario Vega

2021-11-18 0-6 months Classic Account
If you are a long term investor, you may want to avoid Saxo Bank because they charge an inactivity fee of USD 100 if you do not trade for 6 months. It came as an unpleasant surprise to me.
Not helpful

1-10of 37 comments

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