Is Saxo Bank a Scam? Regulation Check 2026
We checked Saxo Bank's licence in the official MAS register. Here is what the public records say.
Verdict
Saxo Bank is NOT a scam. It holds MAS licence 200601141M, authorising it to offer trading services in Singapore.
How to verify on the official register
| Regulator | MAS MAS Monetary Authority of Singapore (MAS) |
| Licence Number | 200601141M |
| Regulated Entity | Saxo Capital Markets Pte Ltd |
| Founded | 1992 |
What MAS regulation means
MAS-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with MAS directly.
What MAS regulation means for your money
- Client funds held in segregated bank accounts, separate from Saxo Bank's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with MAS if Saxo Bank fails to resolve your issue
- Saxo Bank submits to regular independent financial audits under MAS oversight
Frequently Asked Questions
Is Saxo Bank a scam or legitimate?
Saxo Bank is NOT a scam. It holds MAS licence number 200601141M. MAS is one of the world's most respected financial regulators. The licence is publicly verifiable in the MAS official register.
How do I check Saxo Bank's MAS licence?
Go to the official MAS website and use the public register search. Search for licence number 200601141M or the entity name. The record will confirm Saxo Bank's authorisation status and the scope of its permissions.
Are my funds safe with Saxo Bank?
As an MAS-regulated broker, Saxo Bank must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if Saxo Bank encounters financial difficulties.
What protection do I have as a Saxo Bank client in Singapore?
In Singapore, Saxo Bank operates under MAS supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with MAS.
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