PreviewPreliminary data. Licences were checked on 2026-11-05. Anything we could not confirm on a regulator’s own register is marked “Verification pending”. User ratings have not started. Tier groupings are illustrative.
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Regulated

Saxo

Website home.saxo Headquarters Denmark Founded 1992

Saxo Bank A/S is a Danish bank supervised by Finanstilsynet (FT-ID 1149) whose subsidiaries are authorised by the FCA (FRN 551422), MAS, FINMA and Japan's FSA (Kanto LFB No. 239), while the SFC register shows no current licence for Saxo Capital Markets HK Limited (AVD061) after 1 June 2026.

Licences last checked 2026-11-05
User rating
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No reviews yet
10.0
Trust Score
High · 10.00 /10
Formula v1 · Regulation only, so far

Is Saxo regulated?

Yes. 4 active licences, including 4 from Tier-1 regulators (Finanstilsynet, FCA, MAS, FINMA). The SFC licence held by Saxo Capital Markets HK Limited has expired. 1 more licence listed by the broker is still being verified.

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Licences

Checked against each regulator’s public register.
Legal entityRegulatorLicence no.Licence typeStatusVerifiedSource
Saxo Bank A/S
Denmark
 FinanstilsynetT1
Danish Financial Supervisory Authority
 1149 Bank (credit institution) licence Active ✓ 2026-11-05 Register ↗
Saxo Capital Markets UK Ltd
United Kingdom
 FCAT1
Financial Conduct Authority
 551422 Authorised investment firm (FRN) Active ✓ 2026-11-05 Register ↗
Saxo Capital Markets Pte. Ltd.
Singapore
 MAST1
Monetary Authority of Singapore
 — Capital Markets Services Licensee; Exempt Financial Adviser Active ✓ 2026-11-05 Register ↗
Saxo Bank (Schweiz) AG
Switzerland
 FINMAT1
Swiss Financial Market Supervisory Authority
 — Bank licence Active ✓ 2026-11-05 Register ↗
Saxo Capital Markets HK Limited
Hong Kong
 SFCT1
Securities and Futures Commission
 AVD061 Licensed corporation, Types 1, 2, 3, 4 and 9 regulated activities (no current licence) Expired ✓ 2026-11-05 Register ↗
Saxo Bank Securities Ltd. (サクソバンク証券株式会社)
Japan
 FSA (JP)T1
Financial Services Agency
 関東財務局長（金商）第239号 Type I and Type II Financial Instruments Business Operator; commodity derivatives business operator Verification pending Not yet Source ↗

Score breakdown

Formula v1
Preliminary score: only regulation strength has been assessed, so the score shown is that part alone, out of 10. The other four parts are added in the next research phase.
Regulation strengthweight 45%
10.0 /10
Best active licence tier, plus 0.5 for each extra active licence.
Transparencyweight 20%
Not assessed yet
Five disclosure checks, 2 points each: legal entity named, licence numbers shown, physical address, client agreement and execution policy published, full fee schedule.
Client protectionweight 15%
Not assessed yet
Segregated funds 4, negative balance protection 3, compensation scheme 3.
Risk signalsweight 10%
Not assessed yet
Starts at 10. Minus 4 per regulator warning and 0.5 per unresolved complaint (up to 4).
Track recordweight 10%
Not assessed yet
One point per year since the first licence, up to 10.

Regulator warnings and clone alerts

Clone firm

A clone firm called “Saxo AI Innovation Bond (Clone of FCA authorised firm)” (saxowm.com) is using this broker’s details.

Warning published by FCA on 2025-11-13. Source ↗

Clone firm

A clone firm called “Saxo Bank/ Saxo Capital/ Saxo Advisory (Clone of an EEA Authorised firm and an FCA authorised firm)” (saxobank-online.info) is using this broker’s details.

Warning published by FCA on 2020-09-29. Source ↗

Trading conditions

Minimum deposit
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Maximum leverage
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Platforms
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Instruments
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Segregated client funds
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Negative balance protection
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Compensation scheme
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Transparency
Not checked yet