Is Saxo Bank safe?

Safety summary

Client money is held separately from the firm's own money, at Segregated bank/custodian accounts with regulated financial institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by Danish DGS: cash deposits up to €100,000 and unreturned securities up to €20,000, which pays eligible clients up to its limit if the firm fails owing client money.

Regulatory coverage

Saxo Bank is connected with 9 recorded licences: FSA (Denmark) (tier one), FCA (tier one), ASIC (tier one), FINMA (tier one), MAS (tier one), FSA (Japan) (tier one), SFC (Hong Kong) (tier one), DFSA (DIFC) (tier one) and AMF (tier one).

View every licence

Client protections

Protections may include segregated client money, negative balance protection and a compensation scheme (Danish DGS: cash deposits up to €100,000 and unreturned securities up to €20,000). They apply only where the account and client are eligible under the relevant entity and jurisdiction.

Official warnings

Licence concerns

Website verification

The recorded broker website is home.saxo. Verify the domain through an official regulator register where possible and do not rely on links received through unsolicited messages.

Company history

Saxo Bank was established in 1992. No material change has yet been recorded on this profile.

Complaints and responses

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The available evidence supports a favourable risk assessment for Saxo Bank. This assessment can change if licences, entities, warnings or broker operations change.