Change instrument, lot size, and hold duration. Compare Saxo Bank against all 100 brokers live.
Saxo Bank is a forex and CFD broker founded in 1992, headquartered in Copenhagen, Denmark. It is regulated by DFSA (licence DF000029), FSA-DK (licence 1149), ASIC (licence 280372), MAS (licence 200601141M), SFC (licence AXF613), JFSA (licence 関東財務局長(金商)第239号). The EUR/USD spread starts from 0.4 pips on an STP or hybrid account — the spread is tight and a partial commission may apply. The minimum deposit is $2000. The broker offers 65,000+ tradable instruments. MetaTrader 4 and MetaTrader 5 are available. This page shows verified regulation data, a full trade cost breakdown, and how Saxo Bank compares to 100 other brokers on real trading fees.
| Regulator | Licence number | Legal entity | Max leverage | Countries |
|---|---|---|---|---|
| DFSA Tier 2 — Standard |
DF000029 |
Saxo Bank A/S (DIFC) | 200:1 | AE |
| FSA-DK Tier 3 — Offshore |
1149 |
Saxo Bank A/S | 30:1 | DK, SE, NO, FI, DE, AT, NL, LU, BE, FR +18 more |
| ASIC Tier 1 — Strict |
280372 |
Saxo Capital Markets (Australia) Pty Ltd | 30:1 | AU, NZ |
| MAS Tier 1 — Strict |
200601141M |
Saxo Capital Markets Pte Ltd | 20:1 | SG |
| SFC Tier 3 — Offshore |
AXF613 |
Saxo Capital Markets HK Ltd | 20:1 | HK |
| JFSA Tier 3 — Offshore |
関東財務局長(金商)第239号 |
Saxo Bank Securities Ltd | 25:1 | JP |
| Hold duration | Spread cost | Commission | Swap (est.) | Total |
|---|---|---|---|---|
| Intraday (no overnight) | $4.00 | $3.50 | — | $7.50 |
| 1 night | $4.00 | $3.50 | $6.50 | $14.00 |
| 3 nights | $4.00 | $3.50 | $19.50 | $27.00 |
| 1 week | $4.00 | $3.50 | $45.50 | $53.00 |
| 1 month | $4.00 | $3.50 | $195.00 | $202.50 |
Swap rates are industry-typical estimates. Actual overnight rates vary per broker and change with interest rates. Commission is estimated from spread profile (STP / Hybrid).
| Rank | Broker | Spread | Spread $ | Commission | Swap (est.) | Total |
|---|---|---|---|---|---|---|
| 1 | Pepperstone | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 2 | IC Markets | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 3 | FP Markets | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 4 | Exness | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 5 | Tickmill | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 6 | Eightcap | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 7 | RoboForex | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 8 | LiteFinance | 0 pips | $0.00 | $7.00 | $6.50 | $13.50 |
| 34 | Saxo Bank | 0.4 pips | $4.00 | $3.50 | $6.50 | $14.00 |
| MetaTrader | MT4 & MT5 available |
| Copy trading | No |
| Real stock ownership | Yes |
| Retail loss rate | 68% of retail accounts lose money |
| Inactivity fee | USD100/month after 6 months |
| Headquarters | Copenhagen, Denmark |
| Founded | 1992 |
Data sourced from official regulator registers (FCA, ASIC, CySEC, MAS and others), verified 2026-09-15. Spread figures are typical/minimum and may differ on live accounts. Trade cost estimates use standard lot sizes and typical industry swap rates. This page does not constitute financial advice. Read full Saxo Bank review →