Saxo Bank — where it wins, where it loses
Saxo Bank wins on regulatory reach, entry cost. No column in our set puts it behind the field. Priced across ten round-turn EUR/USD lots it comes 18 of 21 in this field.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
- regulatory reach
- entry cost
Loses on
No column in this set puts Saxo Bank behind the field.
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| Danish FSA (Finanstilsynet) | 1149 | Denmark | Tier 1 | Saxo Bank A/S | home.saxo |
| FCA | 551422 | UK | Tier 1 | Saxo Capital Markets UK Ltd | register.fca.org.uk |
| FINMA | Switzerland | Tier 1 | Saxo Bank (Schweiz) AG | home.saxo | |
| MAS | Singapore | Tier 1 | Saxo Capital Markets Pte Ltd | home.saxo | |
| FSA Japan | Japan | Tier 1 | Saxo Bank Securities Ltd. | home.saxo |
Checkable
Facts the comparison runs on
On the record
- Saxo Bank A/S was founded in Denmark in 1992 and received its banking licence in 2001.
- Saxo Bank A/S holds Danish FSA licence no. 1149 (company registration no. 15731249).
- In June 2023 Saxo Bank was classified as a systemically important financial institution (SIFI) in Denmark.
- The UK entity, Saxo Capital Markets UK Ltd, is authorised by the FCA under firm reference number 551422.
| Trading since | 1992 |
|---|---|
| Base | Hellerup (Copenhagen), Denmark |
| Minimum to open | None |
| Leverage cap | 1:30 (UK/EU retail) |
| EUR/USD | 0.90 pips |
| Terminals | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, Mobile apps |
| Account tiers | Classic, Platinum, VIP |
| Record confidence | high |
| Matchup-ready | yes — enough public cost data to run a head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- FINMA licence number
- MAS licence number
- Japan FSA registration number
- Exact minimum deposit (varies by entity; Saxo advertises no minimum in several jurisdictions)
- EUR/USD spread is a reported VIP/Platinum-tier figure rather than a published live average
- public listing status
Costs less
Who beats Saxo Bank on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.