Saxo Bank is an institutional Danish broker with over 30 years of experience, regulated in multiple jurisdictions and offering professional-grade platforms. Its offerings include more than 72,000 financial instruments, access to global markets, and advanced execution through SaxoTraderGO and SaxoTraderPRO. Although it requires high deposits for premium accounts, it is an elite option for discerning investors.
How to Open an Account at Saxo Bank
Rigorous and Personalized Process
Opening an account at Saxo Bank requires completing an online form with personal and financial information. Then, you must present proof of identity, proof of address, and for certain accounts, a statement of assets. The process takes between 1 and 3 business days.
Deposits Based on Account Type
The Classic account does not have a mandatory minimum, although it is recommended to start with at least $2,000 USD. For Platinum accounts, the minimum rises to $10,000 USD. Deposits can be made via bank transfer or credit/debit cards (depending on the region).
GO and PRO Platforms for Every User Type
SaxoTraderGO is an intuitive platform with mobile and web access, ideal for most investors. SaxoTraderPRO, on the other hand, is designed for professional traders, with more analysis functions, customization, and execution speed. Both include integration with TradingView.
Opening in 1 to 3 days with KYC verification
Suggested deposit from $2,000 (Classic)
Minimum deposit $10,000 for Platinum accounts
SaxoTraderGO (web/mobile) and PRO (desktop)
24/5 multichannel support
Financial Instruments and Advanced Platforms
Global Access with Over 72,000 Assets
Saxo Bank allows trading on more than 30 international exchanges with instruments such as stocks, ETFs, bonds, futures, options, forex, and crypto ETPs. All available from one account, with automatic conversions and support in multiple base currencies.
Platforms for Active and Professional Investors
SaxoTraderGO offers a seamless experience on any device, with advanced charts, alerts, and analysis tools. SaxoTraderPRO adds features like multiple screen execution, level 2 order book, and connectivity with institutional APIs.
Access to 170+ forex pairs and 30+ stock markets
Trading in options, futures, ETFs, and bonds
GO and PRO platforms based on profile
Charts integrated with TradingView
Ability to trade with margin and derivatives
Fees, Regulation, and User Profile
Transparent and Competitive Costs
Saxo charges from 0.9 pips on forex, between $1 and $6 per trade in stocks depending on the market and volume, and a currency conversion fee of 0.25%. There are no maintenance fees on active accounts. Fees decrease significantly at the Platinum and VIP levels.
International Banking Regulation
Saxo Bank is regulated as a bank in Denmark and by entities like the FCA (UK), ASIC (Australia), MAS (Singapore), and more. This ensures a robust operating environment, with fund protection, advanced cybersecurity, and continuous oversight.
Ideal Saxo Investor Profile
This broker targets experienced investors seeking advanced diversification, powerful platforms, and global access. It is not the best option for beginners, but it is for those managing complex or institutional portfolios.
Fees from 0.9 pips on forex
Access to over 72,000 assets
Regulation as a bank and investment in multiple countries
Customer service 24/5 via chat, email, and phone
Ideal for advanced traders and wealth management
