FCA — United Kingdom
Saxo Bank A/S
Regulated
Saxo Bank Review — Overview
Regulation
Tier-1 regulated
Licence
FCA • ASIC
Licence status
Regulated
Platforms
SaxoTraderGo, SaxoTraderPRO, SaxoInvestor
Max. leverage
1:100
Instruments
Stocks, ETFs, bonds, mutual funds
Typical spread
From 0.4 pips (forex)
Operating
Est. 1992
Main market
BE
Entity
Saxo Bank A/S
Website
Unknown
Saxo Bank is a forex & CFD broker based in Denmark, established in 1992. On Trust Broker Hub it holds a Trust Score of 9.2 out of 10, which we rate as Good — above the 5.3/10 average for brokers that hold a verified licence. Solid, well-regulated profile suitable for most traders.
Crucially, Saxo Bank is regulated by FCA, ASIC, FSA, SFC, AMF, CONSOB, FINMA and MAS, including at least one tier-1 regulator. Tier-1 regulation is the strongest sign of legitimacy: it normally requires segregated client funds, regular audits and access to a compensation scheme if the broker fails — meaningful protection for your money.
Saxo Bank provides access to Stocks, ETFs, bonds, mutual funds. Published conditions include leverage up to 1:100. No complaints are currently on record. Overall, Saxo Bank looks like a credible option — but always verify the licence yourself and start with a small amount.
Trust score breakdown
How is this calculated?
Weighted total
9.30
Data completeness
8 of 10 facts verified
80% ×0.90
Trust Score
8.4 / 10
This broker carries an editorial override: the formula computes 8.4/10, and we publish 9.2/10. Overrides are rare, always logged with a reason, and recorded in our audit trail.
Trust Score history
Saxo Bank currently scores 9.2/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Regulated by a tier-1 authority
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Always verify the licence directly before depositing
Regulation
Tier 1 · Top
Verified
ASIC — Australia
Saxo Bank A/S
Licence
Tier 1 · Top
Verified
FSA — Australia
Saxo Bank A/S
Licence
Tier 1 · Top
Verified
SFC — Hong Kong
Saxo Bank A/S
Licence
Tier 1 · Top
Verified
AMF — France
Saxo Bank A/S
Licence
Tier 3 · Offshore
Verified
CONSOB — Italy
Saxo Bank A/S
Licence
Tier 2 · Mid
Verified
FINMA — Switzerland
Saxo Bank A/S
Licence
Tier 1 · Top
Verified
MAS — Singapore
Saxo Bank A/S
Licence
Tier 1 · Top
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Stocks, ETFs, bonds, mutual funds, forex, futures, forex options, listed options |
| Minimum deposit | $0 |
| Maximum leverage | 1:100 |
| Typical spread | From 0.4 pips (forex) |
| Platforms | SaxoTraderGo, SaxoTraderPRO, SaxoInvestor |
| Demo account | ✅(20 days with $100,000 virtual fund) |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on Saxo Bank
Our analysis · editorial
9.2/10
Established and well-regulated
Saxo Bank holds a tier-1 regulatory licence among its 8 registrations (FCA, ASIC, FSA, SFC). Based in Denmark, it has been operating for about 34 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 9.2/10 — a strong, low-risk profile.
Strengths
- Authorised by a tier-1 regulator (FCA, ASIC, FSA, SFC)
- Holds 8 regulatory licences across multiple jurisdictions
- Long 34-year operating track record
- No complaints on record with us
- Supports SaxoTraderGo & SaxoTraderPRO trading
Watch-outs
- Always confirm the licensed entity covers traders in your country
Bottom line: Suitable for most traders — still verify it is licensed to serve your country before depositing.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
Saxo Bank — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag Saxo Bank here if that changes.
Full specifications
Regulated region
United Kingdom
Operating period
20+ years
Main market
BE
License status
Regulated
Instruments
Stocks, ETFs, bonds, mutual funds, forex, futures, forex options, listed options
Year founded
1992
Frequently asked
Is Saxo Bank a safe broker?
Saxo Bank scores 9.2 / 10 on our Trust Score, above the 5.3 average for brokers that hold a verified licence. It holds tier-1 regulation, which offers strong investor protection. It has no complaints on record with us. Trade only with funds you can afford to lose.
How is the Saxo Bank trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from Saxo Bank?
Saxo Bank publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.