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Saxo Review
A premium multi-asset broker (Saxo Bank) with huge global market access and professional platforms. Strong for serious UK/EU investors.
Best for
- Serious UK/EU investors
- Global market access
- Multi-asset traders
Not best for
- You want the cheapest simple app
- You're a US resident
- You have a very small balance
Our verdict & scoring
Saxo is a Danish bank-backed broker known for extensive global market access — stocks, ETFs, bonds, futures, options and FX/CFDs — via its polished SaxoTraderGO/PRO platforms. It targets serious and higher-balance investors in the UK/EU; pricing has become more competitive but it's positioned as premium. In March 2026, J. Safra Sarasin Group completed the acquisition of a ~71% majority stake in Saxo Bank (founder Kim Fournais retains ~28%).
Scores are based on our review methodology. Affiliate relationships do not buy higher ratings.
Pros
- Vast global market access
- Bank-backed and well-regulated
- Professional platforms
Cons
- Premium positioning
- Overkill for casual investors
- US-restricted
Fees & hidden costs explained
Competitive tiered commissions; FX conversion and (for CFDs/FX) spreads and overnight financing apply.
Safety, regulation & availability
Parent Saxo Bank A/S is regulated as a bank in Denmark by the Danish FSA (Finanstilsynet); the UK entity, Saxo Capital Markets UK Ltd, is FCA-authorised (FRN 551422). ESMA/FCA leverage caps and negative-balance protection apply to retail CFDs. Not for US retail. Majority-owned by J. Safra Sarasin Group since March 2026.
Account protection: UK: FSCS up to £85,000 via the UK entity. EU/DK: relevant deposit/investor-compensation schemes.
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Official sources
Risk warning: Trading stocks, options, futures, forex, crypto, CFDs and funded accounts involves risk. You can lose money. This website is educational only and does not provide financial, investment, tax or legal advice.
Leverage, volatility, fees, spreads, liquidity and platform rules can increase losses.
Affiliate disclosure: We may earn a commission when you click some links on our site. This does not cost you extra. Our comparisons are educational and transparent, and our rankings are not affected by commissions.