Broker profile

Saxo broker profile

Danish bank-owned multi-asset broker with an FCA-authorised UK company

Last checked · By FTC Editorial Team · How profiles are built

Top-tier regulators
FCA
Founded
1992
Headquarters
Copenhagen, Denmark
Retail CFD accounts losing money
60%

About Saxo

Saxo began as a small Copenhagen brokerage in 1992 and grew into Saxo Bank, a Danish bank offering online trading and investing across asset classes. In the UK, Saxo Capital Markets UK Ltd is authorised and regulated by the Financial Conduct Authority (firm reference 551422). Saxo's UK site describes the group as a systemically important financial institution.

Saxo's platforms are SaxoInvestor, for simpler investing, and SaxoTrader for active trading. Its UK site states that 60% of retail investor accounts lose money when trading CFDs with the provider.

Strengths

  • Part of a licensed Danish banking group
  • FCA-authorised UK company
  • Platforms for both long-term investing and active trading

Worth checking

  • This profile covers Saxo's UK company; other Saxo entities have different terms
  • 60% of UK retail CFD accounts lose money, according to Saxo
  • No MetaTrader or cTrader listed on its UK site

Regulation and legal entities

RegulatorCompany and licenceTierStatus
FCA
Financial Conduct Authority · United Kingdom
Saxo Capital Markets UK Ltd
551422
1Listed by broker
Search the register
“Checked on register” means FTC found the licence on the regulator's own register. “Listed by broker” means the number comes from the broker's legal disclosures. Tier 1 regulators have the strictest client-money rules.

Accounts and platforms

Platforms
SaxoInvestor, SaxoTrader
Account types
—
Minimum deposit
Varies by company and payment method
Commission
—

Sources

  1. Saxo UK site: company disclosures and risk warning
  2. Saxo: 25-year anniversary press release

Saxo: common questions

Is Saxo regulated in the UK?

Yes. Saxo Capital Markets UK Ltd is authorised and regulated by the Financial Conduct Authority under firm reference 551422.

What platforms does Saxo offer?

SaxoInvestor for investing and SaxoTrader for active trading, according to Saxo's UK site.

What share of Saxo's retail CFD accounts lose money?

Saxo's UK site states that 60% of retail investor accounts lose money when trading CFDs with the provider.

Member experiences

Traded with Saxo? Tell other members how deposits, withdrawals and support actually went.

Share your experience

Comments

Log in to join the discussion. Comments follow the community guidelines.

Log in to comment

Loading comments…