Saxo Bank Review 2026
Founded 1992 · Copenhagen, Denmark
Last updated: May 27, 2026
Saxo Bank is a Danish investment bank offering access to 71,000+ instruments across forex, stocks, options, futures, ETFs, bonds, and mutual funds. Regulated by 15+ authorities worldwide, it's designed for serious investors who demand institutional-grade research and global market access.
Saxo Bank Spreads & Fees Breakdown
Our automated tracking systems monitor Saxo Bank's live pricing across all major trading sessions. Below is the historical average spread data for their most popular account type.
Non-Trading Fees
Frequently Asked Questions about Saxo Bank Fees
What is Saxo Bank?
Saxo Bank is a fully licensed Danish investment bank founded in 1992 by Kim Fournais and Lars Seier Christensen. It is publicly listed on Nasdaq Copenhagen and provides access to 71,000+ instruments across forex, stocks, ETFs, bonds, options, futures, mutual funds, and commodities. Saxo operates through regulated entities in 15+ jurisdictions including the UK (FCA), Australia (ASIC), Singapore (MAS), and Japan (JFSA).
Is Saxo Bank safe and regulated?
Yes, Saxo Bank is one of the safest brokers in the world. As a fully licensed investment bank listed on Nasdaq Copenhagen, it is subject to strict banking regulations in Denmark (DFSA) and holds Tier-1 licenses from the FCA, ASIC, MAS, and JFSA. Client funds are held in segregated accounts at top-tier custodian banks, and Saxo's public financial statements provide full transparency into its balance sheet and capital adequacy.
What is SaxoTraderGO vs SaxoTraderPRO?
SaxoTraderGO is Saxo's modern, browser-based platform designed for everyday investing and trading. It offers a clean interface, advanced charting, and access to all 71,000+ instruments. SaxoTraderPRO is the professional-grade desktop platform offering multi-monitor support, algorithmic order types, advanced options chains, and Level 2 market depth. Both platforms sync seamlessly — positions opened in one appear instantly in the other.
What are the Saxo Bank account tiers?
Saxo offers three tiers: Classic (no minimum deposit, standard pricing), Platinum (requires $200,000+ balance, lower commissions and priority support), and VIP ($1,000,000+ balance, best pricing, dedicated relationship manager, exclusive research). Your tier is automatically upgraded based on your portfolio value. All tiers access the same instruments and platforms.
Does Saxo Bank support MetaTrader 4 or MT5?
No. Saxo Bank exclusively offers its proprietary SaxoTraderGO, SaxoTraderPRO, and SaxoInvestor platforms. There is no MetaTrader 4, MetaTrader 5, or cTrader support. However, Saxo provides a comprehensive API (OpenAPI) for developers who want to build custom trading applications or integrate with third-party tools.
What are Saxo Bank's forex spreads?
Saxo Bank's forex spreads start from 0.4 pips on EUR/USD for Platinum accounts and 0.6 pips for Classic accounts. Commission is charged in addition to spreads on the Classic tier ($3/lot). Platinum and VIP tiers enjoy progressively lower commissions. While not the cheapest for pure forex scalping, Saxo's pricing is competitive when you consider the breadth of 71,000+ instruments available.
Can I trade stocks and ETFs on Saxo Bank?
Yes. Saxo Bank is one of the few brokers that offers genuine stock and ETF ownership (not just CFDs) across 50+ global exchanges. You can buy and hold real shares on NYSE, NASDAQ, LSE, Euronext, TSE, ASX, and many more — alongside forex, options, futures, and bonds in a single multi-currency account.