Saxo Bank Fees, Spreads, and Commission vary according to the account type the trader uses. Saxo Bank spread list starts from 0.5 pips. Leverage ranges from 1:200. Standard lot sizes and commissions are determined on the account selected. With a minimum deposit that is $1000 USD / R16000 ZAR.
Saxo Bank at a Glance
| Broker's Name | Saxo Bank |
| 🏛️ Headquarters | Copenhagen |
| 📅 Year Founded | 1992 |
| ⚖️ Regulating Authorities | FCA, Consob, Czech National Bank, Bank of the Netherlands, Monetary Authority of Singapore, FINMA, Bank of France, Central Bank of the UAE, FSA, Securities and Futures Commission of Hong Kong, ASIC |
| 🌐 Countries not accepted for trade | United States, India, South Africa, Nigeria, Brazil, Pakistan, Spain, Portugal, Mexico, Kenya. |
| 📌 Accounts | Saxo Account Joint account Corporate account Professional account Portfolio ased Margin account |
| ☪️ Islamic account (swap-free) | No |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1:3000 |
| 👉 Sign Up Bonus | No |
| 💰 Minimum Deposit | USD 0 USD / 0 ZAR |
| Spread | 0.0 pips |
| 💳Fees | Deposit and Withdrawal fees |
| 💳 Deposit Options | Bank wire transfer Credit and debit card |
| 💳 Withdrawal Options | Bank wire transfer Credit and debit card |
| 📊 Platform Types | Saxo TraderGO |
| 📶 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex Bonds Equities ETFs Mutual Funds Options Futures CFDs (Depending on region) Cryptos |
| 💬 Languages supported on Website | Multiple |
| 💬 Customer Support Languages | Multiple |
| ⏲️ Customer Service Hours | 24/5 |
| 🔎 Open an Account | 👉 Click Here |
Min Deposit
USD 0
Regulators
FCA, FINMA, FSA, ASIC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
160+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Saxo Bank below.
Saxo Bank Fees, Spreads and Commissions – 7 key point quick overview:
Saxo Bank at a Glance- Saxo Bank Overview
- Saxo Bank Additional Trading Fees
- Saxo Bank Broker Fees
- Saxo Bank Pros and Cons
- Saxo Bank Conclusion
- Frequently Asked Questions
Saxo Bank Overview
Traders with Saxo Bank can expect the following spread list:
Spreads are tight and vary depending on the account, but average at 0.5 pips on major currency pairs like the EUR/USD.
Commissions are also charged, which are relatively high when compared to many other brokers at $15 for US stock trading. That said, a low commission of 0.005% is charged on a minimum of $50 million tradings in a month.
Saxo Bank Additional Trading Fees
Saxo Bank charges swap fees, also referred to as overnight fees, on positions held open overnight. These accrue as interest which can be either debited from or credited to the trader, depending on the nature of the position.
Saxo Bank does not offer the option of an Islamic account for traders of the Muslim faith, for whom this type of interest is strictly prohibited.
Saxo Bank does not charge deposit fees or withdrawal fees, and the high number of deposit currencies will mean a lowered possibility of conversion fees.
The rate used for currency conversion – of trading costs as well as profits and losses from trading activities – of amounts booked to your account is based on the mid-FX Spot rate at the applicable time, plus/minus the rates are shown below.
There are also inactivity fees that are charged on dormant accounts. This is a high fee which is charged at $150 after six months.
Saxo Bank Broker Fees
Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution.
As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.
As Saxo Bank is not a spread betting broker, so spread betting fees will not apply.
Saxo Bank Pros and Cons
| ✔️ Pros | ❌ Cons |
| Impressive trading platforms | High minimum deposit |
| Wide range of instruments | No sign-up bonus |
| Attractive commissions on referrals | No swap-free account is available |
| Well-regulated broker | Relatively high commissions |
| No deposit or withdrawal fees | High commissions |
| Wide selection of deposit currencies | No Islamic Account |
Saxo Bank Conclusion
Overall, Saxo Bank Fees, Spreads, and commissions vary according to the account type the trader uses. Saxo Bank spread list starts from 0.5 pips. Leverage ranges from 1:200. Standard lot sizes and commissions are determined on the account selected. With a minimum deposit that is $1000 USD / R16000 ZAR.
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Min Deposit
USD 0
Regulators
FCA, FINMA, FSA, ASIC
Trading Platform
Proprietary Platform
Crypto
Yes
Total Pairs
160+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Frequently Asked Questions
What are the commissions for Saxo?
Commissions for Saxo are: from $1 on Stocks, $1 on ETFs, $1.25 on Futures, 0.05 % on Bonds, $1.25 on Listed options and $0 on Mutual funds.
Does Saxo charge swap/overnight fees?
Saxo Bank does charge swap or overnight fees on positions held open overnight.
What spreads can I expect with Saxo Bank?
Spreads are tight and vary depending on the account, but average at 0.5 pips on major currency pairs like the EUR/USD.
Is Saxo Bank regulated and by whom?
Yes, Saxo Bank is closely regulated by the following firms:
- Danish FSA
- Financial Conduct Authority
- Monetary Authority of Singapore
- FINMA
- Australian Securities and Investments Commission (ASIC)
Does Saxo Bank charge inactivity fees?
Yes, A fee of $150 is charged after six months of inactivity.
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