Saxo Bank Review
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
$0
Max Leverage
1:30 (Retail) / 1:66 (Professional)
Avg Spread
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
1:30 (Retail) / 1:66 (Professional)
Minimum to Open Live
$0
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
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
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Quick Facts
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Visit Saxo BankTrading involves risk. Only invest what you can afford to lose.