Saxo Review Singapore 2026

Is Saxo safe? MAS licence, Saxo Capital Markets Pte. Ltd.

Yes, the MAS Financial Institutions Directory, read on 24 September 2026, lists Saxo Capital Markets Pte. Ltd. as a Capital Markets Services Licensee and an Exempt Financial Adviser. The firm’s own Singapore site prints the entity as Saxo Capital Markets Pte Ltd, the same firm a Singapore retail client contracts with.

MAS actions and the Investor Alert List

We searched MAS’s enforcement actions, media releases and the Investor Alert List on the same read, and no enforcement action or release names Saxo Capital Markets Pte. Ltd. as its subject. The Investor Alert List carries an entry dated 22 December 2017 named “Saxo Capital Resources”, and MAS’s note on that entry states it is not associated with or affiliated to Saxo Capital Markets Pte Ltd. That entry is not an action against Saxo Capital Markets Pte. Ltd., and I would not treat it as one.

This page covers Saxo Capital Markets Pte. Ltd., the entity a Singapore client contracts with, while our global Saxo Markets review covers the brand worldwide.

Saxo client money

A Singapore retail client contracts with Saxo Capital Markets Pte. Ltd., the entity the MAS Financial Institutions Directory lists.

Where a Singapore client’s money is held

The firm states that client money and assets are held in accounts separated from the company’s own money and assets. I would read that statement on the firm’s legal pages before funding the account.

Who a Singapore client contracts with

The firm’s Singapore site prints the entity as Saxo Capital Markets Pte Ltd, matching the licensed name. I would confirm that printed name against the Directory entry when opening an account.

Negative balances

The firm states that at all times you are solely responsible for any negative balance or interest on any of your accounts. That clause states the debt that follows if a leveraged position moves against your deposit.

Saxo at a glance: 2 key facts

Saxo spreads and commission

None of the pricing on this page was measured by us. The firm advertises three tiers of pricing, Classic, Platinum and VIP, and states you pay less as you trade more.

What it costs to trade with Saxo

What a trade costs you at this firm is set by the tier your account sits in; the spreads section above covers the pricing the firm advertises.

Other fees a Singapore trader should check

The firm states an S$50 processing charge on a manual withdrawal form, which applies although the online module is available. Beyond that, check the firm’s Singapore site for any custody or currency conversion charge before you deposit.

Saxo deposits and withdrawals

The local routes matter to you more than the international ones if you are funding in SGD, so check which route your bank supports before you set up a transfer.

Saxo account types and minimum deposit

The firm advertises three account tiers, Classic, Platinum and VIP, and its pricing page states you pay less as you trade more.

Minimum deposit

The firm states there is no minimum deposit and no inactivity fee.

Accredited investors

The firm states that accredited investors automatically qualify for its products and so do not need to complete knowledge assessments and account reviews every year, and that some limits and restrictions on regular retail investors are relaxed for accredited investors. For a non-accredited client, the firm states by contrast that knowledge assessments and annual account reviews apply.

If you want to try the platform before funding an account, the firm’s Singapore site advertises a 20-day demo with a simulated US$100,000. Saxo is one of the brokers on our list with a forex demo account.

Saxo trading platforms

The firm states three platform routes: SaxoTrader, SaxoInvestor and TradingView access. SaxoTrader is stated for trading all asset classes, including leveraged products, SaxoInvestor for stocks, bonds, ETFs and funds, and TradingView access has its own page on the firm’s Singapore site. If I were choosing, I would match the route to what I actually trade.

Saxo app

Saxo's app SaxoTrader | Trade + Invest is rated 4.5 out of 5 from 4,037 ratings on the Singapore App Store, checked 1 October 2026.

View on the App Store

Saxo execution speed and slippage

Our global broker test panel holds no fill time for Saxo, so this page states no execution figure and no rank for the Singapore entity. My advice is to judge execution on the firm’s own platform once you are live, since no figure on this page was measured on a Singapore account.

Saxo markets

Beyond spot FX, the firm’s Singapore site names stock, ETF, index, commodity, and bond CFDs. If you trade CFDs, Saxo appears among the CFD brokers in Singapore.

Saxo leverage and margin for Singapore clients

The rule every MAS licensee works under is the Securities and Futures (Financial and Margin Requirements for Holders of Capital Markets Services Licences) Regulations (Rg 13), regulation 24A and the Fourth Schedule, Table 18, which sets a 5% minimum margin for a retail customer (20:1, our arithmetic) and 2% for an accredited, expert or institutional investor (50:1, our arithmetic). That binds every licensee alike, so it is neither this firm’s advantage nor its limit.

How Saxo compares with Interactive Brokers and Plus500

On the score, Interactive Brokers sits sixth in the rated Singapore set with 62.3 out of 100 and Plus500 sits eighth with 58.8 out of 100, both from our global broker test, not a Singapore test; Saxo sits between them at seventh.

I would compare these three on the commissions each firm states for the instruments you actually trade, since the headline score is global and your costs are local.

Saxo sits seventh of the eighteen brokers on our list of forex brokers in Singapore, ordered by score. The score behind that place is our global broker test, not a Singapore test.

What other review sites say about Saxo

These are ratings of Saxo 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	8,880	1 October 2026
TradingView	3.5 / 5	1,700	2 October 2026

Saxo holds a Trustpilot rating of 3.6 out of 5 from 8,880 reviews, checked 1 October 2026.

On TradingView, Saxo is rated 3.5 out of 5 from 1,700 ratings, checked 2 October 2026. The TradingView profile for Saxo shows 27.8K traders, the count of those who have connected an account through TradingView.

App Store and Google Play ratings for Saxo

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

Should you open an account with Saxo?

Yes, if you want a MAS-listed entity with tiered pricing, local SGD funding routes and no minimum deposit, Saxo Capital Markets Pte. Ltd. fits that brief. I would point active traders and investors who withdraw online towards it, and I would point traders who rely on manual paperwork elsewhere.

The limits are real and I have named them plainly: the manual withdrawal fee and the negative balance responsibility the firm states. None of that changes the recommendation for an online-first trader, but you should weigh it against your own habits. Before depositing, search the MAS Financial Institutions Directory for the entity yourself and read the fee schedule and margin terms on the firm’s Singapore site.