Saxo Bank review: What you need to know before signing up.

Saxo’s investment universe is extremely broad, offering many financial instruments across all asset classes. Investors can access over 23,500 shares spanning more than 50 exchanges, over 5,900 government and corporate bonds from around the world, over 7,000 ETFs from every sector, dozens of crypto ETNs and ETPs, and over 17,700 mutual funds.

In addition to these products, Saxo also offers various leveraged and derivative products including Warrants, Turbos, Futures, Options. The currency (Forex) market is also available to Saxo clients.

Here is a list of the financial instruments offered by Saxo Bank:

• Shares:
  23,500 shares
• Crypto:
  Over 40 cryptocurrencies via ETP
• Forex:
  182 currency pairs
• CFDs:
  19,000 CFDs
• ETF:
  7,000 ETFs

Saxo has a wide range of CFDs, allowing trading on shares, ETFs, indices, commodities, and bonds.

Fees for share and ETF CFDs on Euronext are tiered:

• £2.50 for orders under £1,000
• 0.10% for orders over £10,000

For other markets, fees vary but remain competitive. For instance, the minimum spread is 2 points on the CAC 40 and 1 point on the Nasdaq 100.

An overview of the spreads on key instruments at Saxo Bank:

• EUR/GBP Spread:
  0.7 pips
• GBP/USD Spread:
  0.7 pips
• USD/CHF Spread:
  0.8 pips
• EUR/USD Spread:
  0.8 pips

• CAC40 Spread:
  1 pips
• STOXX50 Spread:
  1.5 pips
• FTSE100 Spread:
  0.85 pips
• Spread SP500:
  0.8 pips

On Euronext, Saxo’s fees depend on the order size, and they are competitive:

• They are 0.08% of the order value, with a £2 minimum.

On main foreign exchanges, fees are as follows:

• United States (NYSE and Nasdaq): 0.08%, minimum $1
• Germany (Xetra) and the UK (LSE): 0.08% with a £3 minimum

Note also that Saxo does not charge any inactivity fees. For ETFs—over 7,000 covering all sectors—prices are likewise tiered depending on the order size and market.

• Commission per share:
  0.08%
• Cost per share:
  £2
• Direct share purchase:
  Yes
• CFD on shares:
  Yes

• Number of ETFs:
  7000
• Minimum ETF spread:
  0.4
• CFD on ETFs:
  Yes
• Direct ETF purchase:
  Yes

The Forex range offers a 1.5-pip spread on the major EUR/USD pair and 1.3 pips on EUR/GBP. Naturally, spreads vary by currency pair and market conditions.

For cryptocurrencies held via ETPs, the BTC/USD spread is around $152, and the ETH/USD spread is around $11.20.

• Number of cryptos:
  6
• Minimum crypto spread:
  0.4
• CFD on crypto:
  Yes
• Direct crypto purchase:
  No

Saxo offers 3 proprietary trading platforms: SaxoInvestor, SaxoTraderGo, and SaxoTraderPro:

• SaxoInvestor is designed for a broad audience, allowing simple, fast, and secure investing. It has a clear interface that sorts assets by category, highlights top performers, and shows performance data. It includes core features and helps you analyse your portfolio.
• SaxoTraderGo is Saxo’s award-winning platform recommended for active investors and traders. It’s highly comprehensive, featuring fundamental and technical analysis tools, charting, an advanced search function, trading signals, market news, and more. In addition to the products found on SaxoInvestor, it also covers derivatives, futures, and options.
• SaxoTraderPro is aimed at experienced and active traders. You can customise up to six screens simultaneously and manage your trading interface at an advanced level.

Additionally, third-party trading tools such as TradingView, ProRealTime, and MultiCharts are available and compatible for direct Saxo clients.

SaxoInvestor and SaxoTraderGo both have mobile app versions, closely mirroring their desktop platforms, allowing you to manage your trades and investments in detail from a smartphone.

Yes. Saxo is subject to strict regulatory requirements in 15 jurisdictions, notably in Denmark, the UK, and Singapore. Saxo also holds banking licences in Denmark and Switzerland.