Saxo Bank Review

★ 4/5

Trust Score: 94/100?

Premium Danish investment bank offering forex alongside a huge multi-asset universe and institutional-grade platforms.

Visit Saxo Bank →

Spreads by Pair (Pips)

EUR/USD

0.7

GBP/USD

—

USD/JPY

—

XAU/USD

—

US OIL

—

BTC/USD

—

Trading Conditions

Min Deposit

Not verified

Max Leverage

Not stated

Avg Spread

From 0.7 pips

Commission

Spread-based; US stocks from $0.02/share (min $1)

Account Types Offered

Account	Platform	Spreads	Comm.	Min Dep	Leverage
Classic	SaxoTraderGO/PRO	From 0.7 pips	Spread-based	$0	1:30
Platinum	SaxoTraderGO/PRO	From 0.6 pips	Spread-based	$200,000	1:30
VIP	SaxoTraderGO/PRO	From 0.4 pips	Spread-based	$1,000,000	1:30

Broker Details

Minimum Trade Size

No micro lots; varies by instrument

Maximum Leverage

Not stated

Minimum to Open Live

Not verified

Established

—

Address

Philip Heymans Allé 15, 2900 Hellerup, Denmark (Global HQ)

Contact

info@saxobank.com

Regulators

FCA (UK), DFSA, MAS (Singapore), FINMA (Switzerland), ASIC (Australia)

Prohibited Countries

USA, India, Canada, Indonesia, Nigeria, Pakistan, China, Iran, North Korea

Dealing Desk

✅ Yes

Web Trading

✅ Yes

Mobile Trading

✅ Yes

Trading Instruments

Currencies

180+ currency pairs including majors, minors, exotics

Cryptocurrencies

Crypto CFDs confirmed

CFD

71,000+ instruments (180+ FX, 40,000+ stocks, 200+ futures/options, 3,000+ ETFs, bonds, indices, commodities)

Trading Conditions & Methods

EAs/Robots: YesNews Trading: YesScalping: YesCopy Trading: Yes

Deposit Methods

Online Banking, Electronic Direct Debit (eDDA), Bank Transfer

Withdrawal Methods

Bank Transfer only; $1,000 minimum withdrawal

Pros & Cons

✅ PROS

+ Bank-grade regulation and security
+ huge multi-asset range
+ professional SaxoTraderPRO platform
+ competitive tiered FX pricing.

❌ CONS

− Higher minimum deposits at some entities
− pricing tiers can be complex
− less beginner-oriented than XM/AvaTrade.

About Saxo Bank

Saxo Bank is a licensed Danish bank offering forex trading as part of a broader multi-asset investment platform spanning stocks, bonds, options, and futures across 190+ markets. It targets more affluent and experienced traders with tiered pricing.