Forex Broker

Saxo Bank

Saxo Bank is a Danish investment bank specializing in online trading and investment. Founded in 1992, it offers trading through its online platforms in Forex, stocks, ...

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Basic Information

Full Company Name: Saxo Bank
Country: Denmark
Founded: 1992
Minimum Deposit: $2,000
Trading Platforms: SaxoTraderGO, SaxoTraderPRO
Minimum Trade Size: Varies by instrument
Business Model: Straight Through Processing (STP)
Deposit Methods: Bank transfers, credit/debit cards
Server Time Zone: GMT+2 (Daylight Saving Time applicable)
Email: [email protected]
Phone: +45 3977 4000
Headquarters Address: Philip Heymans Alle 15, 2900 Hellerup, Denmark

Regulatory Information

  1. Financial Supervisory Authority (FSA) – Denmark
    • License Number: 1149
    • Regulatory Details: Saxo Bank is regulated by the Danish FSA, ensuring compliance with financial regulations in Denmark.
  2. Financial Conduct Authority (FCA) – UK
    • License Number: 551422
    • Regulatory Details: Saxo Capital Markets UK Ltd, a subsidiary of Saxo Bank, is authorized and regulated by the FCA, ensuring compliance with UK financial regulations.
  3. Swiss Financial Market Supervisory Authority (FINMA)
    • License Number: 12690
    • Regulatory Details: Saxo Bank (Switzerland) Ltd is regulated by FINMA, ensuring compliance with Swiss financial regulations.

Account Types

Account Type Classic Account Platinum Account VIP Account
Minimum Deposit $2,000 $200,000 $1,000,000
Spreads From 0.1 pips From 0.05 pips From 0.0 pips
Commission None None Volume-based commission
Tradable Instruments Forex, Stocks, Indices, Commodities, Bonds Forex, Stocks, Indices, Commodities, Bonds Forex, Stocks, Indices, Commodities, Bonds
Trading Platforms SaxoTraderGO, SaxoTraderPRO SaxoTraderGO, SaxoTraderPRO SaxoTraderPRO
Leverage Up to 1:30 (EU clients), Up to 1:200 (Non-EU clients) Up to 1:30 (EU clients), Up to 1:200 (Non-EU clients) Up to 1:30 (EU clients), Up to 1:200 (Non-EU clients)
Order Execution Market Execution Market Execution Market Execution
Swap-Free Option Available Available Available
Hedging Margin 50% 50% 50%
Margin Call Level 100% 100% 100%
Stop-Out Level 50% 50% 50%
Minimum Trade Lot Size 0.01 lots 0.01 lots 0.01 lots
Maximum Trade Lot Size No limit No limit No limit
Maximum Number of Positions No limit No limit No limit

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