Cheaper than a bank, safer than a broker
Lower costs help you get more out of your investments than you’d get with traditional banks. Our banking license provides better protection for your money than an online broker would.
Why choose Saxo?
Security of a Danish bank
Your money is safely held within a world-class institution in a country with the highest AAA credit rating and will be protected by the Danish Guarantee Fund (up to EUR 100,000).
Stock lending for more earnings
When you build your portfolio with us, you can add to your returns by opting in to stock lending. It’s one simple way to potentially earn more from your stocks and ETFs.
Geographical diversification
Placing a portion of your assets in a foreign bank can provide geographic diversification to your wealth. The credibility of the financial institution is crucial in this case. Saxo Bank is recognized as a Systemically Important Financial Institution (SIFI) by the Danish Financial Supervisory Authority (FSA) and has been given an 'A-' rating by S&P Global Ratings.
We do not offer ordinary bank accounts or ATM cards, but you will have access to your funds at Saxo Bank from most of the world. Your Saxo account allows you to deposit and withdraw money from any bank account registered in your name. When you deposit money from an external bank account, it will be automatically linked to your Saxo Bank account for seamless access to your capital when you need it.
Directly linking external bank accounts makes your funds even safer, as your money can only be withdrawn to a previously registered account. While this can't eliminate all risks, it reduces the risk of your money being sent to other accounts, spent online or withdrawn at an ATM.
We don't have a loan mortgage or commercial loan book with inherent risk of credit losses.
Since we are a Copenhagen-based bank, you get another layer of security: Your deposits are backed by a Danish guarantee fund up to €100,000.
We don't have a loan mortgage or commercial loan book with inherent risk of credit losses.
Since we are a Copenhagen-based bank, you get another layer of security: Your deposits are backed by a Danish guarantee fund up to €100,000.
Cheaper than a traditional bank, safer than a broker
Benefit from a new lower costs than retail banks offer, while operating in a regulated and safe trading environment.
Activate stock lending to earn more
The security of your data and funds is our highest priority
Frequently asked questions
Opening and maintaining an account at Saxo is free of charge: no minimum initial deposit is required for a Classic account.
Setting up an investment account usually takes around 10 minutes, and the whole process can be done remotely.
However, please note that Saxo Bank is a licensed Danish bank and your money will enter the Danish banking system. Therefore, the account opening process can sometimes take up to several days—especially if you wish to invest larger amounts—and may require you to send documents confirming the source of your capital.
Security and full compliance with regulatory requirements are very important to Saxo Bank. This compliance allows us to provide access to 71,000 investment products from around the world so that you can geographically diversify your capital through the Danish bank.
However, please note that Saxo Bank is a licensed Danish bank and your money will enter the Danish banking system. Therefore, the account opening process can sometimes take up to several days—especially if you wish to invest larger amounts—and may require you to send documents confirming the source of your capital.
Security and full compliance with regulatory requirements are very important to Saxo Bank. This compliance allows us to provide access to 71,000 investment products from around the world so that you can geographically diversify your capital through the Danish bank.
Yes, you can have subscriptions for real-time prices from many of the world's stock exchanges.
The cost of a monthly subscription for US exchanges is USD 7 per exchange for private clients.
For clients who trade equities and subscribe to real-time market data, fees are refunded per exchange if the client trades a minimum of four times across stocks, ETFs or CFDs on the exchange during each calendar month.
For more information, view the full list of exchanges and prices.
The cost of a monthly subscription for US exchanges is USD 7 per exchange for private clients.
For clients who trade equities and subscribe to real-time market data, fees are refunded per exchange if the client trades a minimum of four times across stocks, ETFs or CFDs on the exchange during each calendar month.
For more information, view the full list of exchanges and prices.
No. Saxo is an institution that only offers investment accounts. The banking license we hold gives you the assurance that we meet all the strict requirements for Danish banks and that your deposits are protected by the Danish Guarantee Fund—FSCS (Financial Services Compensation Scheme).
We do not offer savings accounts or payment cards.
We do not have a loan mortgage or commercial loan book with inherent risk of credit losses.
We do not offer savings accounts or payment cards.
We do not have a loan mortgage or commercial loan book with inherent risk of credit losses.