Saxo Bank does not provide new traders with a Sign Up Bonus also known as a Welcome bonus. When traders make their first deposit or routine deposits, they are not given a deposit bonus which provides them a percentage back as trading credit.
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 Sign Up Bonus – 8 key point quick overview:
Saxo Bank at a Glance- Saxo Bank Overview
- Saxo Bank Referral Bonus
- Saxo Bank Additional broker bonuses, promotions, and rewards
- Saxo Bank Customer Reviews
- Saxo Bank Pros and Cons
- Saxo Bank Conclusion
- Frequently Asked Questions
Saxo Bank Overview
Traders who choose to register for a real account with Saxo Bank will not be able to apply for a welcome bonus.
Saxo Bank is a highly regulated entity overseen by more than ten global regulatory organizations, including the FCA, Consob, and ASIC.
These regulators have placed restrictions on the offering of broker bonuses to traders as part of extended client protection measures.
Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.
New traders should note however these bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest, with prizes available.
Saxo Bank Referral Bonus
Clients of Saxo Bank can earn attractive commissions through the broker’s Refer a Friend promotion. Such bonuses are not restricted by the broker’s regulators.
Also referred to as referral bonuses, these allow existing traders of a given broker to earn greater rewards through referring a friend to a broker. The trader is compensated by the broker when this referral results in the friend signing up for a real account.
Saxo Bank Additional broker bonuses, promotions, and rewards
Due to regulatory restrictions on the offering of broker bonuses, Saxo Bank does not offer any type of promotion, including deposit bonuses, no deposit bonuses or trading bonuses.
Saxo Bank Customer Reviews
Too High commissions
Too High commissions
Does not Care too much about client risk.
I’m happy here
I’m happy here, it suits me more than ever
one of the better banks in terms of…
one of the better banks in terms of services and rates in that country
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 does not provide new traders with a Sign Up Bonus also known as a Welcome bonus. When traders make their first deposit or routine deposits, they are not given a deposit bonus which provides them a percentage back as trading credit.
While loyal customers of Saxo Bank can earn commissions on referrals, the broker does not offer any additional bonuses or promotions due to regulatory restrictions.
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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
Does Saxo Bank have an Affiliate program?
Yes, a Saxo Bank investing and trading affiliate program in collaboration with Daisycon is available.
Does Saxo Bank offer a referral bonus?
No, a referral bonus is not available from Saxo Bank
Does Saxo Bank offer a sign-up bonus?
No. Saxo Bank does not offer a sign-up bonus.
Does Saxo Bank offer any additional bonuses?
No additional bonuses, trading bonuses or loyalty bonuses could be confirmed by our research.
For which type of trader does Saxo Bank cater?
According to our research, Saxo Bank caters more to those traders who have high capital and are more experienced in trading.
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