Saxo Bank License

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Saxo Bank A/S is a fully licensed European bank under the supervision of Danish FSA. Saxo Bank A/S is subject to stringent financial reporting requirements under EU directives and specific regulations regarding client handling.

The European Investment Directive was introduced in 1996, and on 2 May that year, Saxo Bank A/S (then known as Midas) became the first broker in Denmark to gain approval under this directive. In June 2001, the Danish Financial Supervisory Authority approved a banking licence and the company officially became Saxo Bank A/S.

Saxo Bank ownership

Saxo Bank A/S is a privately owned company. Geely Financials Denmark A/S, a subsidiary of Zhejiang Geely Holding Group Co., Ltd, owns 52 percent of the shares of Saxo Bank. Saxo Bank Founder and CEO Kim Fournais owns 25.71 percent of the Bank’s shares, while Sampo Plc, a leading Nordic financial services group, owns 19.9 percent of the shares. The remaining shares are held by minority shareholders including a number of current and former employees of the Bank.

License and regulation details

Saxo Bank A/S (company registration no. 15731249) is incorporated in Denmark as a licensed bank (license no. 1149) and is regulated – along with Saxo Bank A/S Italy, Saxo Bank A/S Czech Republic, Saxo Bank A/S Netherlands, Saxo Bank A/S Cyprus – by the Danish Financial Supervisory Authority (FSA) - Finanstilsynet, Århusgade 110, 2100, København Ø. Further details regarding the Danish FSA and the license of Saxo Bank A/S may be viewed at https://www.finanstilsynet.dk. As a member of the European Union, Denmark has incorporated the EU Banking and Investment Directives into Danish law.

Saxo Capital Markets UK Limited is authorised and regulated by the Financial Conduct Authority (Firm reference number 551422).

Saxo Bank A/S Italy is registered by the Bank of Italy (Registration Number: 5720).

Saxo Bank A/S Czech Republic is registered by the Czech National Bank (Registration Number: 28949587).

Saxo Bank A/S Netherlands is registered by the Bank of the Netherlands (Registration Number: 34357130).

Saxo Capital Markets Pte. Ltd. Singapore is licensed as a Capital Market Services provider and an Exempt Financial Advisor, and is supervised by the Monetary Authority of Singapore. Co. (Registration Number: 200601141M).

Saxo Bank (Switzerland) Ltd. (UID-Register Number CHE-106.787.764) is a licensed bank regulated by the Swiss Financial Market Supervisory Authority FINMA.

Saxo Banque (France) SAS is licensed as a Credit Institution by the Bank of France (Registration Number: 483632501 R.C.S. Paris).

Saxo Bank A/S, DIFC Representative Office is licensed by the Dubai Financial Services Authority as a Representative Office (Registration number: CL2637).

Saxo Bank (Dubai) Limited is licensed by the Central Bank of the U.A.E. as a Representative Office (Registration number: 2017/995/13).

Saxo Bank FX K.K. is licensed by the Japanese Financial Services Agency (Registration Number: 239).

Saxo Capital Markets Hong Kong Ltd. is registered by the Securities and Futures Commission in Hong Kong (Registration Number 1395901).

Saxo Privatbank A/S is licensed as a Bank by the Danish Financial Supervisory Authority (FSA) (Registration Number: 9695).

Saxo Capital Markets (Australia) Pty. Ltd is registered by the Australian Securities and Investments Commission (ASIC) (Registration Number: 126 373 859).

Legal Entity Identifier (LEI) 

Saxo Bank

Saxo Banque

Saxo Capital Markets

Member Information Table (GIIN)