Trading leveraged products such as CFDs and forex carries a high risk of losing money rapidly. Past performance is not a guarantee of future results. Nothing on this site is personal investment advice.

Broker partners

Saxo Bank

Danish investment bank with 71,000+ instruments in one account

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Best for: Multi-asset investors who want bank-grade custody plus FX and CFD trading under one login

Saxo Bank

  • Minimum deposit

    None (Classic) · $5,000 on the UAE site

  • EUR/USD

    from 1.0 Classic · 0.7 VIP

  • Max leverage

    1:30 retail (ESMA-style caps) · lower margin for elective professionals

  • Withdrawal time

    Same-day processing, 1–5 business days to your bank

Conditions verified on the broker's website on 8 September 2026. Always check the live figures before funding.

About the broker

Saxo Bank A/S is a Copenhagen-headquartered bank licensed by the Danish FSA (licence 1149), designated a systemically important institution in 2023 and, since March 2026, majority-owned by the J. Safra Sarasin Group. Founded in 1992, it serves more than 1.5 million clients in 180+ countries with over EUR 150 billion in client assets. In the UAE it operates a DFSA-regulated representative office; client agreements are made with Saxo Bank A/S in Denmark. I hold my multi-asset portfolio here, and it is one of the three venues used for managed accounts.

Official website

Trading conditions

Regulator
Danish FSA · FCA · FINMA · MAS · ASIC · SFC · JFSA
Licence
Danish FSA banking licence 1149 (Saxo Bank A/S) · DIFC representative office regulated by the DFSA
Founded
1992, Copenhagen
Platforms
SaxoTraderGO · SaxoTraderPRO · SaxoInvestor · TradingView · OpenAPI / FIX
Commission
FX and index CFDs spread-only · US stocks 0.08% (min $1), 0.03% VIP · options from $0.75, futures from $1
Funding
Bank transfer · SEPA Instant · Card (country-dependent) · Wise / Revolut after first deposit
Islamic account
No
Support
24/5 phone, chat and email; Dubai office · app in 23 languages incl. Turkish, no Turkish desk

Typical spreads

  • EUR/USD

    from 1.0 Classic · 0.7 VIP

  • XAU/USD

    from 34 cents

  • US500

    from 0.7

Strengths

  • Licensed Danish bank with SIFI status; cash covered up to EUR 100,000 by the Danish deposit guarantee
  • 71,000+ instruments: 23,000+ stocks on 50+ exchanges, 8,200+ ETFs, 5,200 bonds, futures, options and 185+ FX pairs
  • Volume-tiered pricing: EUR/USD 1.0 to 0.7 pip, US stocks 0.08% to 0.03%, index CFDs with no commission
  • Own SaxoTraderGO/PRO and SaxoInvestor platforms plus OpenAPI, FIX and TradingView
  • No inactivity or platform fees; deposits and withdrawals free on Saxo's side

Watch out for

  • Custody fee of 0.15% to 0.09% a year on stocks, ETFs and bonds in most regions
  • Platinum and VIP tiers start at EUR 200k and EUR 1M; the UAE site asks for $5,000 to open a Classic account
  • No swap-free account; the Dubai presence is a representative office, so UAE clients contract with Saxo Bank A/S in Denmark

Common questions

What are the Classic, Platinum and VIP tiers and how do I qualify?+

Classic is the default tier. Platinum requires a deposit of EUR 200,000+ (USD 250,000+ on the UAE site) or a set trading volume; VIP requires EUR 1,000,000+ (USD 1,250,000+) or volume. Higher tiers get lower spreads and commissions and priority support; Saxo Elite is for clients above roughly EUR 5 million in assets.

Is there a minimum deposit?+

The international site states no minimum funding requirement for a Classic account, but the UAE/MENA site lists USD 5,000 minimum funding. Tier deposits must be funded within the first 30 days to qualify for Platinum or VIP.

What fees does Saxo charge beyond spreads and commissions?+

A custody fee of 0.15% (Classic), 0.12% (Platinum) or 0.09% (VIP) per year on stocks, ETFs/ETCs and bonds in most regions (plus VAT for EU residents), currency conversion of up to 0.25%, FX rollover markups of 0.50–0.75%, and no inactivity, platform, deposit or withdrawal fees.

Who regulates Saxo and is it a real bank?+

Saxo Bank A/S is a fully licensed Danish bank supervised by the Danish FSA (licence no. 1149) and classified as a SIFI. Group entities are regulated by the FCA, FINMA, MAS, ASIC, SFC and JFSA. In Dubai, Saxo Bank A/S operates a DFSA-regulated representative office; the former Saxo Bank (Dubai) Ltd licence (F001014) was withdrawn in 2017.

What can I trade?+

71,000+ instruments: 23,000+ stocks on 50+ exchanges, 8,200+ ETFs, 5,200 bonds, mutual funds, 185+ FX pairs, FX options, CFDs on indices/stocks/commodities, 250+ futures, 3,100+ listed options and crypto FX/ETPs.

How to open an account

Accounts with Saxo Bank are opened through NUUK under our partnership agreement. Contact us and we will guide you through the onboarding; the steps below show what the broker will ask for.

  1. 1

    Create your account online at home.saxo/accounts (18+; national ID and tax ID, passport/ID card, selfie; proof of residence if requested)

  2. 2

    Get verified – most applications are approved digitally within minutes, otherwise up to 2 business days

  3. 3

    Log in to SaxoTraderGO or SaxoInvestor and fund the account – first deposit must come from a bank account in your own name in your country of residence

  4. 4

    Deposit the tier amount within 30 days if you want Platinum (EUR 200k+) or VIP (EUR 1M+) pricing

  5. 5

    Make your first trade – a 20-day demo with USD 100,000 simulated funds is available to practise first

Open an account with us

Links on this page are referral links. If you open and fund an account through them NUUK earns a commission from the broker. This does not change the spreads or commissions you pay.

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