DenmarkSummary
Saxo, founded in Denmark in 1992, is a real online investment bank. In France it operates through a branch overseen by the ACPR and AMF. It has one of the most complete ranges on the market: shares, ETFs, bonds, forex, futures, options and CFDs, on professional platforms.
The most complete and safest choice to trade everything from one account, less so for forex scalping.
Accounts and fees
No minimum deposit on the Classic tier, no inactivity or custody fees. On forex, the indicative minimum spread is 1 pip on EUR/USD, tighter on the Platinum and VIP tiers. Currency conversion costs 0.25%.
Platforms and markets
Two in-house platforms: SaxoTraderGO (web and mobile) and SaxoTraderPRO (desktop, for active traders). One of the broadest ranges on the market, with futures and options on top of forex and shares.
Trading conditions
| Regulation | Saxo Bank A/S, a bank supervised by the Danish FSA; French branch overseen by the ACPR and AMF; also FCA, FINMA, MAS depending on country |
|---|---|
| Minimum deposit | €0 on the Classic tier |
| Cost | Forex: indicative minimum spread of 1 pip on EUR/USD, tighter on Platinum and VIP tiers |
| Commission | No inactivity or custody fees; currency conversion: 0.25%; order by phone or chat: €50 |
| Platforms | SaxoTraderGO (web, mobile), SaxoTraderPRO (desktop) |
| Markets | Shares, ETFs, bonds, forex, futures, options and CFDs |
| Leverage / margin | 1:30 on major pairs (EU, UK, Australian retail clients); higher through non-EU entities |
Data checked in October 2026 on the broker's official website and specialist reviews. Fees and conditions can change: check them before opening an account.
Strengths and weaknesses
Strengths
- Regulated bank, French branch (ACPR, AMF)
- Very broad range including futures and options
- No inactivity or custody fees
- Professional platforms
Weaknesses
- Wider forex spreads on the Classic tier
- No MetaTrader
- €50 fee per phone order
Who is it for?
A good fit if you…
- Want a regulated bank with every market
- Futures and options traders
- Share and ETF investors
Avoid if you…
- Forex scalpers looking for the lowest spread
- Want MetaTrader
Score breakdown
Five criteria rated out of 10: real fees (spread and commission), strength of regulation, platforms, choice of markets and overall experience (track record, account opening, tools).
FAQ Saxo
Is Saxo reliable?
Yes: Saxo Bank is a bank supervised in Denmark, and its French branch is overseen by the ACPR and AMF.
Is there a minimum deposit at Saxo?
No, €0 on the Classic tier.
What is the minimum deposit at Saxo?
The minimum deposit at Saxo is €0.
How much does trading cost at Saxo?
At Saxo, expect EUR/USD from 1 pip (Classic).
Is Saxo regulated?
Yes: Saxo is regulated by Danish FSA, ACPR, AMF.
What is Saxo's YourFunding score?
Saxo scores 9.0/10, #4 out of 18 brokers reviewed.
CFDs and futures are leveraged products: most retail accounts lose money. Only trade money you can afford to lose.
