Saxo Bank
Danish investment bank with multi-asset trading
Platform Overview
Saxo Bank is a Danish investment bank and multi-asset trading platform regulated across multiple Tier-1 jurisdictions including FCA, ASIC, MAS, JFSA, and SFC. Founded in 1992, it provides institutional-grade access to a wide range of financial instruments.
Company Information
- Registered Company Name
- Saxo Bank A/S
- Brand Name
- Saxo Bank
- Headquarters
- Denmark
- Year Established
- 1992
- Parent Company
- Saxo Bank A/S
- Publicly Listed
- No
Percentage of retail investor accounts that lose money when trading CFDs with this provider.
Transparency Signals
Strong transparency across key operational dimensions
Complex multi-entity regulatory structure
- Multi-entity corporate structure across multiple jurisdictions
Complex multi-entity corporate structure across multiple regulatory jurisdictions
Trust Dimension Breakdown
Measures the completeness and verifiability of platform disclosures including regulatory filings, operational transparency, and transparency improvement efforts.
Evaluates regulatory standing, jurisdictional oversight quality, institutional engagement, and regulatory tier classification.
Assesses fund safety mechanisms, complaint history, complaint resolution track record, and customer service quality.
Reflects market standing, research commentary, expert-assessed execution quality, and liquidity reliability.
Evaluates platform uptime, technical reliability, customer service responsiveness, and operational transparency.
Measures industry contribution through education initiatives, research collaboration, ESG programs, and investor awareness efforts.
Regulatory Intelligence
Brand Name
Legal Entities
Regulatory References
Regulatory information displayed here is compiled from public registries, third-party sources, and platform self-declarations. IFCCI does not guarantee the completeness or accuracy of this information. Always verify directly with the relevant regulatory authority.
Regional Market Signals
Malaysia Market
Asia Pacific
Global Market
Reputation Summary
2156 Overall Score
Areas of Concern (0.73% resolved)
Avg. response (0.79%)
Strengths
- Strong local presence in Malaysian and Southeast Asian markets
- MYR deposit support with local payment methods
- Multilingual support including Bahasa Malaysia
Areas of Concern
- Regulatory disclosures not prominently displayed on main pages
- Complaint resolution rate below industry average
Expert Consensus
Established broker with strong brand recognition in Southeast Asia. Mixed expert sentiment on execution quality.
IFCCI Verdict
Developing transparency profile. Some regulatory disclosures are not prominently displayed. Active improvement trajectory observed.
Community Verdict
Regulatory Licenses
FCA
- License Number
- 551422
- Jurisdiction
- United Kingdom
- License Type
- Full Licence
ASIC
- License Number
- 280372
- Jurisdiction
- Australia
- License Type
- AFSL
MAS
- License Number
- CMS100636
- Jurisdiction
- Singapore
- License Type
- CMS Licence
JFSA
- License Number
- Registered
- Jurisdiction
- Japan
- License Type
- Type I
SFC
- License Number
- CE Number: AAN532
- Jurisdiction
- Hong Kong
- License Type
- Type 1,4,9
Internal Transparency
Transparency profile visualization
Trading Conditions
| Instrument | Spread |
|---|---|
| EUR/USD | 0.6 pips |
| GBP/USD | 0.8 pips |
| USD/JPY | 0.7 pips |
| XAU/USD | 0.30 pips |
- Commission
- Zero (spread-only on Classic/Platinum); volume-based on VIP
- Inactivity Fee
- None
- Deposit Fees
- Free
- Withdrawal Fees
- Free (bank transfer fees may apply)
- Withdrawal Processing Time
- 1-3 business days
Platform Infrastructure
Technical
- Server Locations
- CopenhagenLondonSingaporeTokyo
- Average Execution Speed
- < 30ms
Safety & Protection
- Compensation Scheme
- FSCS (UK), Danish Guarantee Fund
Operational Details
- Supported Languages
- English, Chinese, Japanese, Danish, French, German
- Support Channels
- Live ChatEmailPhone
- Payment Methods
- Bank TransferCredit CardDebit Card
Community Snapshot
Category Breakdown
Platform Responses
Commission Structure Transparency Enhancement
Saxo Bank acknowledges the feedback from IFCCI regarding the complexity of our tiered commission structure. We are currently developing a unified cost comparison tool that will allow clients to view total trading costs (spread + commission + overnight fees) for any instrument across all account types in a single view. This tool is scheduled for release in Q3 2026. In the interim, we have published a simplified fee comparison guide on our pricing page.
Pending verification. IFCCI will review the simplified fee comparison guide and monitor the development of the unified cost comparison tool.
IFCCI Research Responses
Research Timeline
Securities Commission Malaysia (SC) maintains an Investor Alert List that includes platforms not authorised to operate in Malaysia. As of this publication date, this platform appears on the SC's alert list. Inclusion on the alert list does not necessarily indicate fraud; it signifies that the platform has not obtained authorisation from the SC to offer its services in Malaysia. Malaysian residents dealing with unlisted or alert-listed platforms should understand that they may not have access to local dispute resolution mechanisms or regulatory protections afforded under Malaysian securities law.
Consumer Awareness Reports
Submit a Complaint
Platform Comparison
| Regulatory Tier | Tier 1 | Tier 1 |
| Transparency Signals | 9.5/10 | 9.5/10 |
| Minimum Deposit | $2,000 | $250 |
| Maximum Leverage | Up to 1:100 | Up to 1:200 |
| Spread Type | Variable | Variable |
| Execution Model | DMA | Market Maker |
| Year Established | 1992 | 1974 |
| Trading Products | 10 | 10 |
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Information presented is compiled from publicly available regulatory sources and user submissions. IFCCI does not make recommendations or endorsements. Users should conduct independent due diligence.
Legal Disclaimer
The IFCCI Transparency Programme is an independent research initiative and does not constitute regulatory supervision, professional financial advice, or official compliance certification. All findings represent research-based observations intended to contribute to financial industry transparency discourse and informed evaluation. FinScope is a technology platform developed to support the programme’s public-facing digital interface.