Saxo Bank vs Skilling
Side-by-side comparison of regulation, trading costs, platforms, and account types for Saxo Bank and Skilling.
Established Danish investment bank offering one of the broadest product ranges in retail trading: forex, CFDs, stocks, ETFs, bonds, futures, and options across 50+ markets. Multi-regulated under FINMA, FCA, ASIC, MAS, JFSA. Premium platform (SaxoTraderGO/PRO) suits experienced and institutional traders. Important note: 2025 was a difficult regulatory year for Saxo - Danish FSA imposed an approximately USD 46M AML fine in January 2025 (white-label oversight 2021-2023), AMF France issued EUR 300,000 fine in July 2025, and Hong Kong SFC issued a USD 4M fine. In February 2025, Saxo agreed to sell 80.1% of Saxo Australia to DMA (Johannesburg fintech) - existing AU clients should verify their current entity. Saxo Bank itself remains operating across its other regulated entities.
Scandinavian-built broker (CySEC and FSA-Seychelles regulated) with a clean modern platform and cTrader integration. Premium account spreads from 0.1 pips with $3.50 commission, and Nordic clients can verify with BankID for instant onboarding.
Quick verdict
- Trust: Saxo Bank has the higher trust score.
- EUR/USD spread: Saxo Bank is tighter on EUR/USD.
Side-by-side comparison
| Feature | Saxo Bank | Skilling |
|---|---|---|
| Trust score | 9.4 | 8.2 |
| Regulators | DFSA, FCA, ASIC, MAS, JFSA, FINMA | CySEC, FSA-Seychelles |
| Headquarters | — | Limassol, Cyprus |
| Founded | — | 2016 |
| Min deposit | $0.00 | $100 |
| Max leverage | 1:200 | 1:500 |
| EUR/USD spread | 0.40 pips | 0.70 pips |
| Commission per lot | $0.00 | $4 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | — | Bank Wire, Credit/Debit Card, Skrill, Neteller, Trustly |
| Withdrawal methods | — | Bank Wire, Credit/Debit Card, Skrill, Neteller |
| Withdrawal speed | — | 24h |
| Base currencies | — | USD, EUR, GBP |