Press Release

Saxo announces surpassing USD 100 billion in client assets and 1 million clients

Saxo, which offers online trading platforms, investing and wealth management solutions, today announces a new milestone as it passes 1 million clients as more people start taking control of their own investments. This milestone comes shortly after the recent news that its client assets globally have crossed the USD 100 billion mark.

In a world where more and more individuals are choosing to take active control of their wealth and investments, Saxo is thrilled to announce its latest milestone: supporting over 1 million clients. This achievement reflects the global trend towards people taking greater control of their savings and the rising use of digital platforms. This milestone follows the recent news that Saxo's client assets have crossed the mark of USD 100 billion(SGD 134 billion).

Both milestones demonstrate the trust and support from Saxo’s clients and partners as the company saw steady growth in the number of clients and assets in the past years, solidifying its position as a leading financial and technology services provider amidst a challenging macro-economic environment.

Saxo’s parent company, Saxo Bank A/S, was founded in Copenhagen, Denmark in 1992 by CEO and Founder, Kim Fournais, on a shoestring budget and two employees, with the vision to make global capital markets more accessible for more people. Saxo’s commitment to transparency and client-centricity sets it apart from its peers and has been a key driver in growing client assets over the past year, as central banks have hiked interest rates across major markets. 

Adam Reynolds, CEO, Saxo APAC, commented:
"We are humbled and honoured by our clients' trust, which has propelled us to reach the double historic milestones of having over 1 million clients and surpassing USD 100 billion in client assets. This showcases our ability to support our growing number of clients and partners, navigate challenging markets, and deliver a robust investment experience and platforms tailored to our clients’ needs. 

In Singapore, we continue to see a positive trend with more people participating in the financial markets and putting their wealth to work using digital platforms like Saxo. This empowerment of investors has continued despite geopolitical uncertainties and high inflation levels, and we are proud to serve many of them across the world.

We are also very proud to have grown our client base in Singapore by more than five-fold since 2019, a testament to our passionate and committed employees who deliver world-class service and inspiration every day – a big thank you to all of them, and to the clients in Singapore and Asia Pacific who continue to place their trust in us every day. Today, as more people around the world are looking for ways to make their money work harder for them, I am confident that it will not take another 30 years for Saxo to welcome its next million clients.”

In the past few years, Saxo has doubled down on offering low cost, efficient, innovative, and trustworthy trading and investment platforms and solutions for people who want to make more of their money. Unlike many other banks and brokers, Saxo promptly passes on rate hikes to its clients, ensuring that they benefit from the increased interest rates automatically and immediately. This proactive approach empowers clients and partners to optimise their investment strategies while earning an attractive interest on uninvested cash, without any lock-ins or minimum holding periods. In turn, this enables Saxo Bank’s growing client base – in Europe, Asia Pacific, and MENA – to respond to emerging opportunities in the markets with agility and confidence.

Recently, Saxo Bank also announced that it had received a BBB rating with a positive outlook from S&P Global Ratings.

In addition, Saxo Bank is currently in the process of being appointed a Systemically Important Financial Institution (SIFI) later this year by the Danish Financial Supervisory Authority (FSA). The SIFI designation is given to financial institutions that are considered critically important to the functioning of the financial system.

Yvette Lim
Head of Strategic Communications and PR APAC
Saxo Bank

+45 31 39 45 04 (DK) 

At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. Saxo has operated in Singapore since 2006 and serves as the APAC headquarters. As a provider of multi-asset trading and investment, Saxo’s purpose is to Get Curious People Invested in the World, and we are committed to giving our clients more ways to make more of their money. We were founded in Copenhagen, Denmark in 1992 with a clear vision: we believe that access to global capital markets should not be the privilege of a select few. By 1998, we were one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest. 

Today, we are an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA and we hold broker and banking licenses in multiple jurisdictions. As one of the earliest Fintechs in the world, we continue to invest heavily into our technology. Our clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, we have expanded our reach to having more than 2,500 professionals in financial centers around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.

For more information, please visit:

Saxo Markets
88 Market Street
CapitaSpring #31-01
Singapore 048948

Contact Saxo

Select region


Saxo Capital Markets Pte Ltd ('Saxo Markets') is a company authorised and regulated by the Monetary Authority of Singapore (MAS) [Co. Reg. No.: 200601141M ] and is a wholly owned subsidiary of Saxo Bank A/S, headquartered in Denmark. Please refer to our General Business Terms & Risk Warning to consider whether acquiring or continuing to hold financial products is suitable for you, prior to opening an account and investing in a financial product.

Trading in financial instruments carries various risks, and is not suitable for all investors. Please seek expert advice, and always ensure that you fully understand these risks before trading. Trading in leveraged products such as Margin FX products may result in your losses exceeding your initial deposits. Saxo Markets does not provide financial advice, any information available on this website is ‘general’ in nature and for informational purposes only. Saxo Markets does not take into account an individual’s needs, objectives or financial situation.

The Saxo trading platform has received numerous awards and recognition. For details of these awards and information on awards visit

The information or the products and services referred to on this website may be accessed worldwide, however is only intended for distribution to and use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. Products and Services offered on this website are not intended for residents of the United States, Malaysia and Japan. Please click here to view our full disclaimer.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Apple and the Apple logo are trademarks of Apple Inc, registered in the US and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.