Saxo Markets Review 2026

How safe is Saxo Markets?

Saxo Bank has a trust score of 80/100. It was based on the broker’s regulation, reputation, and reviews.

1. Regulation

Saxo Markets is regulated by three tier-1 regulators, three tier-2 regulator, and two tier-3 regulator.

Some of the abbreviations on this page are expanded to the regulator's full name: a broker regulated by DFSA is regulated by the Dubai Financial Services Authority.

Saxo clients can trade under the umbrella of the world’s top financial regulators. Retail investors can start trading and invest in the financial markets knowing that Saxo complies with the high standards imposed by the local Danish regulatory agency the Financial Supervisory Authority (FSA) as well as 12 other global regulatory bodies, including:

• Financial Conduct Authority FCA (License number 551422)
• Swiss Financial Market Supervisory Authority FINMA (License number CHE-106.787.764)
• Japanese Financial Services Agency (Registration Number 239)

Saxo Capital Markets Pte. Ltd. is the Singapore entity, listed on the MAS Financial Institutions Directory as a Capital Markets Services Licensee and Exempt Financial Adviser. If you are in Singapore, see our Saxo for Singapore traders. A reader in Canada can check any dealer by searching its legal name in the dealer directory at ciro.ca of the Canadian Investment Regulatory Organization (CIRO), where the entry gives the legal name, the address, and the category, and then confirming the same name on the member list of the Canadian Investor Protection Fund (CIPF).

2. Reputation

With its headquarters in Copenhagen, Denmark and 15 main offices that include Switzerland, the UK, Paris or Dubai, the Danish company can serve professional traders and retail investors from more than 180 countries.

Saxo Markets ranks among the more popular brokers for CFD trading based on both search and web traffic data. It drew 91,570 worldwide branded Google searches in September 2026, which ranks it the fifteenth most popular of the 61 brokers we track. Web analytics from Similarweb in February 2026 show Saxo Markets as the 20th most visited broker, with 1,149,000 global visits.

Saxo stopped publishing monthly trading volumes, so we no longer quote a figure. Its most recent disclosed volume was $482.7 billion in April 2024, of which $303.7 billion was equities and $70.7 billion commodities.

Saxo Markets offers access to over 23,000 instruments, and its parent company reported 1,523,000 clients and DKK 995 billion in client assets at the end of 2025, up from 1,286,000 clients and DKK 853 billion a year earlier. These figures indicate that Saxo Markets holds a strong position in the global CFD trading space.

Country, 10 rows.

Country	2026 Monthly Searches	Rank
France	22,200	1st
Netherlands	18,100	2nd
Spain	8,100	3rd
Switzerland	6,600	4th
United Kingdom	3,600	5th
Italy	3,600	6th
Poland	3,600	7th
Turkey	3,600	8th
Singapore	2,900	9th
Germany	1,900	10th

3. Reviews

Our score for Saxo Markets is set against every other broker on forex broker review.

What traders say about Saxo Markets

What other review sites say about Saxo Markets

These are ratings of Saxo Markets from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Platform	Rating	Volume	Read on
Trustpilot	3.6 / 5	8,999	Nov 1, 2026
TradingView	3.5 / 5	1,704	Nov 1, 2026

Saxo Markets holds a Trustpilot rating of 3.6 out of 5 from 8,999 reviews, checked Nov 1, 2026.

On TradingView, Saxo Markets is rated 3.5 out of 5 from 1,704 ratings, checked Nov 1, 2026. The TradingView profile for Saxo Markets shows 28K traders, the count of those who have connected an account through TradingView.

App Store and Google Play ratings for Saxo Markets

Our score is based on published criteria and is not influenced by these third-party ratings.

How popular is Saxo Markets?

Saxo Markets drew 91,570 branded Google searches in September 2026, placing it 15th of the 61 brokers ranked in this market, outside the top 10. Search interest measures attention, not quality; the score above is the review verdict.

15of 61Search interest rank

91,570

Brand searches, September 2026

-17.7%

vs August 2026

12,750

Login searches

1.5%

Share of all searches

Source: Google search volume, Worldwide, September 2026.

How this is measured

Google Ads reports how many times a month people searched each broker's brand terms, and the brokers are ranked on that figure alone.

A term counts for a broker only when that broker's own website holds the first organic Google result for it; bare brand words that any company could own are left out.

A month-on-month change prints only where the previous month reached 1,000 searches, because Google rounds smaller volumes.

The figures refresh on the 15th of each month with the newest month Google has published, and the first-result check repeats every quarter.

Saxo Markets by market, September 2026

Market	Rank	Brand searches	vs August
Worldwide	15 / 61	91,570	-17.7%
Singapore	7 / 9	1,510	-3.8%
Malaysia	8 / 16	380	n/a

Source: branded Google search volume, September 2026, covering Worldwide, Singapore, Malaysia.

Saxo Markets at a glance

Saxo Markets spreads and fees

Standard Account Spreads

Saxo offers three pricing tiers: Classic, Platinum and VIP. Classic, the tier every new account opens on and the one most traders hold, needs no deposit anywhere except MENA, where US$5,000 applies. This account has entry prices that beat other leading forex brokers when it comes to spreads.

No Commission Spreads: Standard Accounts, compared on spreads.

No Commission Spreads: Standard Accounts	EUR/USD	AUD/USD	EUR/GBP	EUR/JPY	USD/CAD
	1.10	1.10	1.60	2.00	1.90
	0.80 (min)	0.80 (min)	1.00 (min)	1.00 (min)	0.80 (min)
	0.83	0.83	1.01	1.38	0.91
	1.00	1.20	1.00	1.20	1.00
	0.80	1.20	1.20	1.50	1.20
	0.90	0.90	1.00	1.20	1.00
	0.80	0.90	0.80	2.10	1.80
	1.40	1.90	1.70	2.80	2.30
	1.10	1.40	1.30	1.70	1.40
	1.00	1.11	N/A	1.30	1.28
	0.60	0.60	0.90	1.50	1.30
	1.10	1.10	1.10	1.20	1.20
	0.70	0.70	0.90	1.10	0.80

Avg. spreads are taken from each broker’s website and updated monthly. Last update on 1 Sep 2026, corrected 12 Oct 2026

Breaking down the three accounts further:

1) Classic Account

The Classic tier comes with no opening funding requirement outside MENA, where US$5,000 starts the account. While a core feature of the account is the low spreads, the other elements are:

• In-house analyst
• 24/5 customer support
• Integrated support online

2) Platinum Account

This tier is designed for advanced traders, so you reach it by holding a larger balance or trading more, not by making a minimum deposit. In Singapore the threshold is a deposit of SGD 300,000 or a higher trading volume. This account type advertises tighter spreads and commissions. Other core features include:

• Up to 30% lower prices, recommended for active traders
• A personal relationship manager
• Access to customer service 24/5
• Analyst data and information

3) VIP Account

The VIP account is one of the most exclusive trading accounts offered by a forex broker and stockbroker industry. VIP is geared towards the high-net-worth individual (HNWI), and is reached on balance or trading volume rather than a minimum deposit. In Singapore the threshold is a deposit of SGD 1,500,000 or a higher trading volume. These premium clients receive VIP spreads and fees as well as features including:

• fixed lower spreads
• Dedicated sales trader
• Personal relationship manager
• Exclusive events and hospitality
• Direct access to Saxo experts
• 1:1 SaxoStrats access

Other Fees

No Saxo charge applies to wire deposits or wire withdrawals at Saxo Bank A/S, though other banks in the chain may impose their own, and its card fees are waived only on cards issued in the EEA. At Saxo Capital Markets UK Ltd, the card operator takes 0.51% to 2.24% on debit card deposits, while GBP instant funding, bank transfers and withdrawals carry no Saxo fee.

Saxo Bank does not charge an inactivity fee. An annual custody fee can apply to share, ETF and bond positions unless you opt into securities lending.

Across the three accounts offered Saxo has low spreads compared against leading retail brokers such as IG Markets. The more you’re willing to deposit, the lower the spreads will be, but even the classic is competitive. FX pricing at Saxo Bank A/S is spread-only, though a US$1 transaction fee floor applies when an FX trade is small. Saxo Capital Markets UK Ltd charges a flat US$3 whenever an FX trade comes in under 50,000 units of base currency and nothing above that cut-off, while Singapore and UAE clients trade forex commission free.

Deposits and withdrawals with Saxo Markets

What is the minimum deposit at Saxo Bank?

Saxo Bank A/S, which serves global and EEA clients through home.saxo, requires no deposit for the Classic tier, as do the UK and Singapore entities. MENA accounts under Saxo Bank A/S begin on that tier at US$5,000, so where you sign up decides your starting amount.

Account Base Currencies

Deposits at Saxo Bank A/S run to 24 currencies spread across up to 4 sub-accounts, with the exact set shaped by the kind of account held and where the client lives. Singapore accepts TT wire transfers in 14 currencies, from SGD and USD through to JPY, NOK and SEK, while Saxo Capital Markets UK Ltd takes bank transfers in GBP, USD and EUR plus other currencies. By comparison to other online brokers, Pepperstone can offer multi-currency deposit solution that includes 10 different base currencies.

Deposit Options and Fees

Many traders look to trade small amounts and require a low minimum deposit by their forex broker. Whichever Saxo entity you join, your account opens on the Classic tier, which carries no funding minimum outside MENA, where the opening deposit is US$5,000.

Saxo Bank A/S opens the Classic tier at €0 for clients on home.saxo, with Saxo Capital Markets UK Ltd requiring nothing and the Singapore operation starting at S$0. Saxo Bank A/S also serves MENA clients at home.saxo/en-mena, where the Classic tier carries a US$5,000 minimum. Platinum and VIP are optional benefit levels you reach with a larger deposit or enough trading volume, so they sit above the entry point rather than gating it.

Withdrawal Options and Fees

In terms of the deposit and withdrawal methods, Saxo Bank offers only a limited number of payment options. Withdrawals from a Saxo Bank A/S account go out by bank transfer only, to an external bank account held in the client’s name, and card withdrawals are not offered. Deposits arrive through the following channels:

• Credit card
• Debit card
• Wire transfer from your bank account

Saxo Markets trading platforms and app

Saxo Bank offers TradingView plus its own platforms, SaxoTrader (web, mobile and desktop) and SaxoInvestor. It does not offer MetaTrader 4, MetaTrader 5 or cTrader.

MetaTrader 4 And MetaTrader 5

Saxo Bank offers neither MetaTrader 4 nor MetaTrader 5. Its help centre states that Saxo does not offer the MetaTrader platform, and the only third-party tools listed for Saxo clients are TradingView, MultiCharts and OpenAPI for Excel. Traders who rely on MetaTrader for technical analysis, or for running expert advisors, will need to use SaxoTrader, TradingView or the OpenAPI instead.

Saxo Forex Trading Platform

Saxo Bank offers two of its own trading platforms. Each has distinct advantages over each other, with one designed more for mobility across mobile and tablet while the other is designed for trading power. These have won many awards, including the ADVFN platform award.

SaxoTrader For Traders And Investors

This platform has won Saxo Bank awards based on reliability, execution speeds, and functionality across devices. It’s web-based with full functionality across desktop, mobile app and tablet devices with:

• Access to more than 71,000 instruments with no subscription fees
• Trades and orders can be managed directly from charts
• A wide range of markets from forex, stocks to CFDs
• Equity research tools that analyse sentiment and fundamentals

Below shows six additional features SaxoTrader offers FX traders. Features like quick close, margin breakdown and cancel all orders are unique to Saxo. Historical reports can also be downloaded for tax and bookkeeping purposes.

SaxoTrader Desktop For Professionals

This professional-grade forex trading platform is designed for expert traders who use multiple screens when trading. It works both on Mac and Windows and while it also has apps for tablet and mobile devices (iOS and Android) it’s made for PC. There is no web-based version with features including:

• Enhanced trade tickets maximising speed and productivity
• Algorithmic orders that are integrated into trade tickets
• Charting packages with over 50 technical indicators
• Option chain allowing switching between instruments
• Level 2 market depth with real-time prices

Summary Of Saxo Bank Trading Platforms

Our Saxo Bank review found it was strong in this category but lost points for the lack of mainstream options such as MT4 and cTrader. SaxoTrader runs on the web, on mobile and as a desktop app for Windows and Mac with a multi-screen setup, and it carries the full product range, while SaxoInvestor covers web and mobile with investing products only, so it leaves out CFDs, forex and futures. Neither platform carries a subscription cost.

Saxo Markets app

Saxo Markets's app SaxoTrader: Trade + Invest is rated 4.5 out of 5 from 3,358 ratings on the UK App Store, checked Nov 1, 2026.

SaxoTrader: Trade & Invest is rated 4.4 out of 5 on Google Play (United States store) from 9.53K reviews shown worldwide, checked Nov 1, 2026.

View on the App StoreView on Google Play

Markets you can trade with Saxo Markets

CFDs

Saxo Bank offering is more than just currency trading. The broker has a wide range of services from share trading to contract for difference (CFDs). Below shows the wide range of markets offered all matches by low brokerage fees and commissions.

Saxo Bank offers forex traders access to a selected range of trading instruments across different asset classes. With a Saxo Bank account, you can gain exposure to the most popular and liquid markets worldwide, including:

• Forex currency pairs (185+ spot pairs across majors, minors and exotics)
• CFDs (+8,500 stock and ETF CFDs, 30+ index CFDs, 20+ commodity CFDs and bond CFDs)
• Stocks (+23,000 across 50 global exchanges)
• Commodities (20+ commodity CFDs, plus futures, futures options, ETCs and spot metals)
• Futures (+200 futures contracts across 22 exchanges)
• FX Options (45+ vanilla FX options)
• Listed Options (+3,100 options across 20 exchanges worldwide)
• ETFs (+7,400 from 30 exchanges worldwide)
• Bonds (+5,200 government and corporate bonds)
• Mutual Funds (250 top-rated mutual funds)
• Crypto (six crypto FX pairs on bitcoin and ethereum, plus crypto ETPs)

Stock Brokerage Services

Shares trading is one of the most popular services offered by Saxo Bank. They offer share trading in Australia, USA, UK, Singapore and even Chinese stocks. Overall, traders have access to over 23,000 shares across 50 exchanges, on Saxo’s published figures as at July 2026. Their share trading offering won “Outstanding Value International Share Trading” in 2017 and 2018. Canstar last handed out that rating in 2024, to the Australian business now trading as Totality following its rebrand from Saxo Capital Markets on 11 August 2025. Saxo also lists more than 7,400 ETFs from over 30 exchanges and more than 3,100 listed options across 20 exchanges, alongside 5,200 bonds and over 200 futures contracts. Below shows the Saxo Bank brokerage fees compared to other leading stockbrokers.

Forex Trading Services

The key areas of this Saxo Bank review were on their currency trading offering. In Singapore you can trade 185 FX spot pairs, 140 forwards and 45 FX vanilla options, while Saxo Bank A/S lists 185+ FX pairs and 45+ FX options. Four key components lead FX traders to choose Saxo for currency trading.

i) ‘Tier 1’ Liquidity

Saxo uses a wide range of ‘tier 1’ banks and other sources from market-making firms to ECNs to ensure traders receive the best possible price. This helps minimise spreads that exist when a forex broker sources just one or two sources for a buy/sell rate.

ii) Price Improvement Technology

A key Saxo Bank feature is its customised orders offering. This provides forex traders with great control and near-zero asymmetric slippage occurring. This leads to real benefits on a large number of currency trades through the Saxo forex trading platform.

iii) Reduced Premature Stop-Outs

Saxo triggers stop orders at the opposite end of the spreads, to minimise forex traders from being stopped out early. This is set at a neutral price via a large inter-bank venue. Premature stop-outs are one of the most complained features of other forex brokers and a key positive found in this Saxo Bank review.

iv) Client-centric approach

We fully disclose our dealing practices and never trade against you in the market. Our commitment to transparency shows that our interests are fully aligned with yours.

CFD Trading Services

The final area Saxo offers is the contract for difference (CFDs Trading). You can trade leveraged CFDs with Saxo Bank A/S across more than 8,500 stock and ETF CFDs, 30+ index CFDs, 20+ commodity CFDs and bond CFDs, with the Singapore entity listing 8,600+ CFDs in total, as shown below.

Commissions on US stocks are USD 3.00 while Australian CFDs stock commissions start at AUD$6. Leverage on the US 500 index CFD sits at 20:1, from a retail initial margin of 5%, at Saxo Bank A/S, Saxo Capital Markets UK Ltd, Singapore and UAE alike, with a spread of 0.4 points. Below you can review the different types of CFD trading commissions charged across the 3 main Saxo trading accounts.

Verdict On Saxo’s Range Of Markets

It’s not unique for a forex broker to offer more than just currency trading, with most also offering CFDs trading. What separates Saxo is their domestic and international stockbroking services. This makes Saxo Bank a one-stop-shop broker ideal for those looking for more than just a forex broker.

Does Saxo Markets Offer Spread Betting?

Saxo no longer offers spread betting. Prior to 2015 Saxo had a partnership with London Capital Group (LCG) but a leadership change led by Charles-Henri Sabet led to the closure of the spread betting partnership.

Saxo Markets customer service, research and education

The customer service at Saxo Bank was a bit of a letdown. Their support operates 24/5 (24 hours a day, Monday to Friday), with no 24/7 weekend support. Only current clients have access to their live chat and their knowledge base is average at best.

Research and education

Saxo Bank gives its clients access to world-class education material that caters to beginner traders as well as professional traders. Saxo Bank’s courses are designed to help beginner currency traders start trading. What’s unique about Saxo offering is its quizzes, which can assist traders to track their progress.

The educational and market research resources found on Saxo Bank website also includes:

• Webinars
• Video Guides
• Market Analysis
• Macro, Fundamental Analysis
• Quarterly Outlook
• Outrageous Predictions
• IPOs

Additionally, SaxoStrats offers forex traders the chance to follow a team of Saxo Bank experts that will supply you with actionable insights via a podcast service.

Our final verdict on Saxo Markets

Overall, our Saxo Bank review concludes that the Denmark-based forex broker offers all the trading tools and a wide range of financial products to accommodate the needs of all types of traders. The main disadvantage is that Saxo Bank supports neither MetaTrader nor cTrader, so off-the-shelf expert advisors will not run here.

Saxo is recommended for anyone looking for an all-in-one trading solution. You can buy and sell both domestic and international shares as well as trading currency pairs and CFDs with their award-winning trading platform. They also offer low spreads and fees, making them a low fee share and trading solution. You should only consider a different forex broker if you require high leverage or ready-made MetaTrader automation.

Saxo Compared With Other Brokers

Go to Saxo Bank