Hantec Markets EUR/USD$1.00/lotSBI FX Trade EUR/USD$3.00/lotTrive EUR/USD$3.00/lotGMO Click Securities (GMO Click FX Neo) EUR/USD$3.00/lotDMM.com Securities (DMM FX) EUR/USD$3.00/lotRakuten Securities (Rakuten FX) EUR/USD$3.00/lotFXOpen EUR/USD$3.00/lotAxi EUR/USD$3.50/lotGO Markets EUR/USD$5.00/lotWindsor Brokers EUR/USD$5.00/lotFP Markets EUR/USD$6.00/lotZero Markets EUR/USD$6.00/lotSpreadex EUR/USD$6.00/lotVantage EUR/USD$6.00/lotHantec Markets EUR/USD$1.00/lotSBI FX Trade EUR/USD$3.00/lotTrive EUR/USD$3.00/lotGMO Click Securities (GMO Click FX Neo) EUR/USD$3.00/lotDMM.com Securities (DMM FX) EUR/USD$3.00/lotRakuten Securities (Rakuten FX) EUR/USD$3.00/lotFXOpen EUR/USD$3.00/lotAxi EUR/USD$3.50/lotGO Markets EUR/USD$5.00/lotWindsor Brokers EUR/USD$5.00/lotFP Markets EUR/USD$6.00/lotZero Markets EUR/USD$6.00/lotSpreadex EUR/USD$6.00/lotVantage EUR/USD$6.00/lot
Home / Rankings / Saxo
TIER 1 · Danish FSA · FINMA · FCA · MAS +1#23 of 66 international brokers

Saxo review: the verdict.

Verdict score
7.6 / 10

Launch formula: 60% hard data, 40% outside ratings. Verified reviews from our traders replace outside ratings as they come in.

Regulation10.0
Best licence: Tier 1
Trading cost5.0
No published spread
Accessibility10.0
Min deposit $0
Platforms & payments3.8
3 platforms · 0 payment methods
Outside ratings7.2
Trustpilot 3.6 from 8,968
Saxo vs top-rated peersPER YEAR

I trade standard lots of EUR/USD a month.

Cheapest vs most expensive here, per year$720
Regulation

Who licenses Saxo.

Licences as Saxo lists them. A tick means we found the entity on the regulator's own register.

RegulatorTierEntityLicence no.On register
Danish FSA—Saxo Bank A/S1149Not yet checked
FINMATIER 1Saxo Bank (Schweiz) AGNot yet checked
FCATIER 1Saxo Capital Markets UK LtdNot yet checked
MASTIER 1Saxo Capital Markets Pte LtdNot yet checked
JFSATIER 1Saxo Bank Securities Ltd.Not yet checked
Accounts

Published EUR/USD costs.

No account pricing published.

Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.

Key facts

The fine print.

Website
www.home.saxo
Founded
1992
Headquarters
Denmark
Minimum deposit
$0
Max leverage
Not published
EU/UK leverage cap
—
Platforms
SaxoTrader, SaxoInvestor, TradingView
Deposits & withdrawals
Not published
Islamic (swap-free) account
Not published
Copy trading
Not published
Withdrawal fees
Not published
Inactivity fee
Homepage states 'No platform or inactivity fees.'
Restricted countries
Not published
RBI Alert List (India)
Not listed · list of 19 Nov 2025 · checked 24 Oct 2026
Verified reviews

Traded with Saxo? Prove it.

Verified reviews open soon. Reviews backed by a statement, a read-only MT4/MT5 login or a withdrawal receipt count up to 3× more, and every verified review enters the weekly 100 USDT draw.

Outside rating used for now: Trustpilot 3.6 from 8,968 reviews.

Compare Saxo
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Sources · data as of 2026-10-24

Research notes: Licence page gives a licence number only for Saxo Bank A/S (Danish FSA no. 1149, CVR 15731249). Subsidiaries (CH, UK, SG, JP) listed with 'local authority' only - regulator short names inferred from jurisdiction, numbers not shown. Branches/licences also in France, Italy, UAE, Czech Rep., Belgium, Netherlands. Spreads table failed to render ('indicative minimum spreads', vary by tier/country) so accounts left empty; FX min commission USD 1 on small tickets. TradingView is a third-party integration. Max leverage not confirmed.

Spotted something wrong? Brokers and traders can request a correction through our submissions form; we check every change against the source.