Saxo Bank
DMASaxo Bank is a Danish investment bank and premium forex broker offering institutional-grade platforms, 70,000+ instruments, and direct market access — best for professional traders.
Trading Forex and CFDs involves a significant risk of loss.
Our Rating Breakdown
Scores based on independent research and live account testing.
Saxo Bank Full Review
Saxo Bank was founded in Copenhagen, Denmark in 1992 as a specialized online trading and investment bank. Unlike typical retail forex brokers, Saxo Bank is a licensed banking institution regulated by the Danish FSA, offering institutional-grade services to retail and professional clients.
SaxoTraderPRO
Saxo Bank's flagship platform, SaxoTraderPRO, is one of the most sophisticated trading platforms in the retail market. It offers multi-screen setups, advanced order management, Level 2 data, and access to 70,000+ instruments across all asset classes.
Range of Assets
Saxo Bank's asset range is unmatched — 70+ forex pairs, 23,000+ stock CFDs, 2,800+ ETFs, bonds, futures, options, and more. Few brokers come close to this breadth.
Tiered Pricing
Saxo Bank operates a tiered pricing structure: Classic, Platinum, and VIP. Higher deposit tiers receive progressively lower spreads and commissions.
Research
Saxo Bank's research offering is exceptional, featuring macro analysis, trade ideas, and market commentary from their in-house team of economists and market strategists.
Verdict
Saxo Bank is the premier choice for professional and institutional traders who need the widest range of instruments and the most sophisticated trading infrastructure. The high minimum deposit makes it unsuitable for beginners.
Pros
- Institutional-grade platform (SaxoTraderPRO)
- Widest range of asset classes including bonds and options
- Regulated in multiple top-tier jurisdictions
- Direct access to multiple liquidity providers
- Excellent research and analysis
Cons
- High minimum deposit ($2,000)
- Higher costs for small traders
- Complex fee structure
Broker Details
- Headquarters
- Copenhagen, Denmark
- Founded
- 1992
- Type
- DMA
- Min Deposit
- $2000
- Max Leverage
- 1:200
Regulation
Platforms
- SaxoTraderGO
- SaxoTraderPRO
- SaxoInvestor