Saxo Review 2027 Supported Platforms and Tools

Most online brokers are brokers. Saxo is a bank. That difference shapes everything about the Danish firm, from the regulation it answers to and the depth of its product shelf to the kind of client it is built for. This Saxo review for 2027 looks at what trading forex through a licensed investment bank involves, how recent price cuts have changed its appeal, and who gets the most from its premium platforms.

From Copenhagen start-up to systemically important bank

Saxo was founded in Copenhagen in 1992 by Lars Seier Christensen and Kim Fournais, originally under the name Midas. It launched one of the first online trading platforms in the late 1990s and obtained a Danish banking licence in 2001. The bank has since grown to serve more than a million clients and holds well over $100 billion in client assets. In 2023 the Danish authorities designated it a systemically important financial institution, a status that brings stricter capital and supervisory requirements.

Ownership has evolved over time. In 2025 the Swiss private bank J. Safra Sarasin agreed to acquire a majority stake, a deal that links Saxo to an established wealth management group. Co-founder Kim Fournais continues to lead the business.

Regulation and safety

Saxo Bank is supervised by the Danish Financial Supervisory Authority and operates licensed subsidiaries in the United Kingdom, Switzerland, Singapore, Australia, Japan, Hong Kong and elsewhere. Clients of the Danish bank benefit from the national deposit guarantee on cash up to the statutory limit, and those of the UK entity from the Financial Services Compensation Scheme.

Because Saxo is a bank, it must meet capital adequacy rules far more demanding than those applied to a typical brokerage, and its financial statements are public. Retail leverage follows local rules, with major currency pairs capped at 1:30 in Europe, the UK and Australia. Saxo does not run an offshore entity offering very high leverage, which tells you something about its target audience.

Saxo review of the product range

Breadth is the reason many clients choose Saxo. The bank offers more than 70,000 instruments from a single account:

• Forex: around 190 spot currency pairs, plus forwards and FX options
• Shares: stocks on dozens of exchanges worldwide, owned outright
• ETFs, mutual funds and bonds, including government and corporate issues
• Listed options and futures on major global exchanges
• CFDs on indices, commodities, shares and more
• Managed portfolios for hands-off investors

For forex traders, two features stand out. The number of currency pairs is among the largest anywhere, including many emerging-market crosses. And Saxo is one of the few retail-accessible providers of over-the-counter FX vanilla options, a tool professional traders use to hedge or express views on volatility.

Pricing in 2027

Saxo used to be known as expensive, with high minimum deposits and fees that favoured large accounts. A sweeping price reduction in 2024 changed that picture. In most regions there is now no minimum deposit for the entry-level account, and commissions on shares and other products were cut substantially.

Forex is priced through the spread without a separate commission, and spreads narrow as you move up the tiers or trade higher volumes. Other costs to note are a currency conversion fee when you trade an instrument in a currency different from your account's, custody fees on share holdings in some regions, and overnight financing on leveraged positions. Saxo has removed inactivity fees in most markets.

SaxoTraderGO and SaxoTraderPRO

Saxo's two in-house platforms are widely regarded as among the best in the industry.

SaxoTraderGO is the web and mobile platform. It combines clean design with serious functionality: advanced charting, integrated news and research, option chains, screeners and account analytics.

SaxoTraderPRO is a downloadable desktop application for professional-style trading, with multi-screen workspaces, algorithmic order types, depth of market and extensive customisation.

Saxo also connects to TradingView and offers API access. It does not support MetaTrader or cTrader, so traders who depend on expert advisors will need to look elsewhere. Research is a strength: an in-house strategy team publishes daily analysis, quarterly outlooks and the bank's well-known annual list of provocative predictions.

Account opening and service

Opening an account is fully digital but more thorough than at a typical forex broker, with detailed questions on financial situation and experience. Funding is by bank transfer or card. Customer service is delivered by phone, email and chat during extended hours, with dedicated relationship managers for higher tiers. Support is competent, though it is not available around the clock in every region.

Pros and cons

Who is Saxo best for in 2027?

Saxo suits experienced traders and investors who want forex alongside shares, bonds, options and futures in one regulated account, and who value research and platform quality. It is particularly attractive for larger accounts that qualify for Platinum or VIP pricing. Beginners with small balances, high-leverage traders and anyone committed to MetaTrader will be better matched with a specialist forex broker.

Frequently asked questions

Risk warning: trading leveraged products such as forex and CFDs carries a high level of risk and you can lose more than you expect. This Saxo review is not investment advice.