Saxo Bank Review
Best Global Pro Platform
Best for: Sophisticated international traders who want access to 60,000+ instruments across global markets, professional SaxoTraderGO/PRO platforms, and multi-asset breadth.
Saxo Bank at a Glance
| Minimum Deposit | Varies by region (often $0–$10k tiered) |
| Account Types | Individual, Joint, Corporate, Professional (region-dependent) |
| Platform & Software Fees | SaxoTraderGO free; SaxoTraderPRO for active traders |
| Level 2 Data Costs | Professional-grade market data by exchange |
| Order Routing | Direct market access available across venues |
| Short Locate Availability | Yes — shorting via CFDs and margin (region-dependent) |
| Supported Countries | International — 170+ countries |
Overview & Ideal Trader Profile
Saxo Bank is a Danish investment bank offering one of the broadest multi-asset platforms available to retail and professional clients: 60,000+ instruments spanning stocks, ETFs, bonds, options, futures, and forex across global exchanges.
The ideal user is a sophisticated international trader or investor who wants genuine global reach and professional tooling in one account. Beginners may find the breadth and tiered pricing complex, and US residents are generally not served.
Commissions, Platform & Level 2 Data Fees
Pricing is tiered by region and asset class, generally competitive for the professional breadth on offer. SaxoTraderGO (web/mobile) is free, while SaxoTraderPRO targets active traders with advanced tools. Professional market data and Level 2 depth are available per exchange.
Costs and minimums vary significantly by jurisdiction, so traders should check their local Saxo entity’s specific fee schedule.
Order Execution, Routing & Latency
Saxo provides direct market access across a wide range of global venues, with professional order types and strong execution infrastructure suited to multi-asset and cross-border trading.
SaxoTraderPRO offers advanced charting, algorithmic orders, and customizable layouts. It’s built for serious, globally-diversified traders rather than single-market scalpers.
Short Selling & Locate Availability
Short exposure is available, typically through CFDs and margin products depending on the client’s region and account type. This differs from the US-style stock-borrow locate model and is subject to local regulation.
Traders should confirm which short instruments are available in their jurisdiction, as product access varies by Saxo entity.
Third-Party Trust, Safety & Reputation
Saxo is a regulated bank overseen by multiple top-tier authorities (Denmark’s FSA, the UK’s FCA, Singapore’s MAS, Australia’s ASIC, among others), giving it strong safety credentials for an international broker.
Reputation (~3.7 Trustpilot, 4.7 StockBrokers.com) is solid on platform quality and global access; the main critiques are pricing complexity and a professional learning curve.
The Honest Breakdown
Pros
- 60,000+ instruments across global markets
- Professional SaxoTraderGO & PRO platforms
- Direct market access across many venues
- Multi-asset: stocks, ETFs, bonds, options, FX
- Bank-grade regulation across jurisdictions
Cons
- Pricing and minimums vary / can be complex
- Not available to US residents
- Learning curve for the PRO platform
- Shorting via CFDs — region-dependent access
Sub-Score Breakdown
Best Global Pro Platform
The Bottom Line
Saxo Bank offers exceptional global, multi-asset breadth — 60,000+ instruments, DMA across many venues, and professional platforms, all under bank-grade regulation with a solid 3.7 Trustpilot from a large sample. Pricing and minimums vary by region and the PRO platform has a learning curve, and it’s not available to US residents, so it’s aimed at sophisticated international traders.
Sophisticated international traders wanting global reach and multi-asset depth in one account.
US residents, beginners, or single-market small-cap scalpers.
