Saxo Bank

Saxo Bank is a Danish investment bank that provides online trading and investment services. This is a leading European retail brokerage. Saxo Bank is privately owned, founded in 1992, and headquartered in Copenhagen.

Saxo Bank is considered a safe exchange because it is supervised by more than 10 financial regulators, including the UK's leading regulator, the FCA. Saxo Bank has a very good research service; they constantly provide trading ideas. Saxo Bank's trading platform is also quite strong. This exchange has a wide portfolio of forex, bonds, options, etc. However, Saxo Bank's transaction fees are quite high, and the time to open an account is not short.

Saxo Bank is licensed by the UK Financial Conduct Authority (FCA) with license number 551422, providing protected interests of up to £50,000 to investors through the Service Compensation Scheme (FSCS). To open a Saxo Bank account, you need a minimum of £500.

At Saxo Bank, there are 2 groups of accounts: Saxo Bank accounts and corporate accounts. Both of these groups include three types of accounts: classic, platinum, and VIP. The difference between these 3 account types is the minimum deposit, and when customers open Platinum and VIP accounts, they will enjoy a better transaction fee structure as well as more special care.

Founded: 1992

Headquarters: Copenhagen, Denmark

Size: 1001 to 5000 Employees

Industry: Investment & Asset Management

Website: home.saxo