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, ...
Tags:Forex BrokerBasic 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
- 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.
- 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.
- 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 |
Relevant Navigation
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