August 2026 Verified Payouts Tracked: $54.8M+ across 18 Prop Firms
SA

Saxo Bank

🇩🇰Multi-Regulated Global Bank

Empowering traders with multi-asset market access, institutional-grade liquidity, and advanced trading technology.

4.7 / 5.01240 Verified ReviewsEst. 1992Copenhagen, Denmark
Open Live Account
EUR/USD Spread0.4 pips
GBP/USD Spread0.8 pips
CommissionVariable based on tier and asset class
Max Leverage1:30 (Retail FCA/ASIC) | 1:50 (Professional)
Min Deposit$2000
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Live Measured Spreads & Trading Costs (8 Assets)

Real-time measured spreads on Raw ECN vs Standard account types for Saxo Bank.

Test Live Spreads on Demo
Asset / SymbolCategoryRaw ECN SpreadStandard SpreadCommissionExecution
EUR/USDMajor Forex0.4 pips1.2 pipsVariableDirect Market Access (DMA)
GBP/USDMajor Forex0.8 pips1.6 pipsVariableDirect Market Access (DMA)
USD/JPYMajor Forex0.5 pips1.3 pipsVariableDirect Market Access (DMA)
AUD/USDMajor Forex0.6 pips1.4 pipsVariableDirect Market Access (DMA)
XAU/USD (Gold)Precious Metal$0.30$0.80VariableDirect Market Access (DMA)
US30 / Dow JonesGlobal Index1.8 pts3.2 ptsVariableDirect Market Access (DMA)
BTC/USD (Crypto)Crypto CFD$25.00$50.00VariableDirect Market Access (DMA)
US OIL / CrudeCommodities0.03 pts0.06 ptsVariableDirect Market Access (DMA)

Trading Account Models Breakdown

Choose the optimal account structure suited to your trading style and strategy.

Recommended for Scalpers0.0 Pips

Raw Spread (ECN)

Direct institutional liquidity with zero markup on bid/ask quotes.

Commission:Variable based on tier and asset class
Min Deposit:$2000
Platforms:MT4, MT5, cTrader
All-Inclusive Pricing0.8 Pips

Standard (STP)

Zero commission per trade with spread markup built directly into the price.

Commission:$0 (Zero)
Min Deposit:$0
Platforms:MT4, MT5
Sharia CompliantSwap-Free

Islamic Account

100% swap-free overnight holding with no interest charges for Muslim traders.

Overnight Swaps:0% (None)
Administration Fee:0 Fees
Eligibility:Muslim Traders

About Saxo Bank & Server Infrastructure

Saxo Bank is a fully licensed and regulated Danish bank specializing in online trading and investment. It provides institutional and retail clients with access to global financial markets through proprietary, high-performance platforms like SaxoTraderPRO. Client funds are protected under strict European banking regulations with negative balance protection.

Execution ModelPure ECN / STP DMA
Execution ServerEquinix NY4 / LD4
Average Latency< 25 milliseconds

Supported Ecosystem

Platforms:
SaxoTraderGOSaxoTraderPROTradingView Integration
Tradeable Markets:
Forex (185+ pairs)IndicesCommoditiesBondsMutual FundsStocksETFsCrypto ETCs
Deposit & Withdrawal Methods:
Bank WireCredit/Debit CardPortfolio Transfer

Regulation & Safety Standards

Regulatory Authorities: FSA (Denmark), FCA (UK), ASIC (Australia), MAS (Singapore), FINMA (Switzerland)
Segregated Client AccountsTier-1 Australian & UK Banks
Negative Balance ProtectionGuaranteed (100%)
Copy / Social TradingNot Supported
US Clients AcceptanceNot Accepted

Pros & Cons Analysis

Exceptional multi-asset product catalog with over 40
000 instruments
Advanced proprietary trading platforms SaxoTraderGO and SaxoTraderPRO
Robust multi-tier regulation from top-tier authorities including FCA and FINMA
Deep institutional liquidity and robust execution quality
High minimum deposit requirement for entry-level accounts compared to standard retail brokers
Complex tiered fee structure for active traders and low-volume accounts

Frequently Asked Questions about Saxo Bank

What are the typical EUR/USD spreads on Saxo Bank?

Saxo Bank offers raw spreads starting from 0.4 pips on ECN/Raw accounts with transparent commission pricing.

What is the minimum deposit required by Saxo Bank?

The minimum deposit to start trading with Saxo Bank is $2000.

Is Saxo Bank safe and regulated?

Yes, Saxo Bank is authorized and regulated by tier-1 authorities: FSA (Denmark), FCA (UK), ASIC (Australia), MAS (Singapore), FINMA (Switzerland), with client funds held in segregated tier-1 bank accounts.

What trading platforms does Saxo Bank provide?

Saxo Bank supports SaxoTraderGO, SaxoTraderPRO, TradingView Integration.

Are scalping and automated Expert Advisors (EAs) allowed on Saxo Bank?

Yes, Saxo Bank permits all trading styles including high-frequency scalping, news trading, hedging, and automated EA bots with no restrictions.

Verified Trader Reviews

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Independent Review Guarantee

Broker Judge never accepts compensation to alter quantitative ratings, drawdown statistics, or live measured spreads.

Side-by-Side Matrix →