Saxo Bank review
Trust 9.4/10Danish investment bank, premium broker for serious traders. SaxoTraderGO and SaxoTraderPRO platforms. Access to 70,000+ instruments across forex, stocks, bonds, options.
DFSA
FCA
ASIC
MAS
JFSA
FINMA
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At a glance
Min deposit
$0.00
Max leverage
1:200
EUR/USD spread
0.40 pips
Commission
$0.00/lot
Pros
- Bank-level regulation (Danish FSA)
- Premium proprietary platforms
- 70,000+ instruments
- Tier-1 institutional liquidity
- Award-winning research
Cons
- No MetaTrader/cTrader
- Higher spreads than ECN brokers
- Premium pricing tiers
- Steep learning curve
Account types
| Account | Available | Best for |
|---|---|---|
| Raw / ECN spread | Scalpers, algo traders, high-volume | |
| Standard | All-in spreads, simpler costs | |
| Swap-free / Islamic | Swing traders, religious requirements |
Platform support
| Platform | Supported |
|---|---|
| cTrader | |
| MetaTrader 4 | |
| MetaTrader 5 | |
| TradingView | |
| Proprietary |
Trading costs
| Item | Value |
|---|---|
| EUR/USD avg spread | 0.40 pips |
| Commission per standard lot | $0.00 round-trip |
| Swap fees competitive? | |
| Withdrawal speed | — |
| Deposit methods | — |
| Base currencies | — |
Best for
Sophisticated traders
Multi-asset investors
High-net-worth clients