Saxo Bank Review 2026
Full Saxo Bank review for Singapore traders — regulation, spreads, fees and our honest verdict.
Regulation in Singapore
| Regulator | MAS MAS — Monetary Authority of Singapore (MAS) |
| Licence Number | 200601141M |
| Regulated Entity | Saxo Capital Markets Pte Ltd |
| Max Leverage (Forex) | 1:20 |
| Minimum Deposit | $2000 |
| EUR/USD Spread | From 0.4 pips |
| Instruments | 65,000+ |
| Platforms | SaxoTraderGO, SaxoTraderPRO, MT4 |
| Copy Trading | ✗ |
| Real Stocks | ✓ |
| Inactivity fee | Inactivity fee: USD100/month after 6 months |
Verdict
Regulated by MAS (licence 200601141M). Minimum deposit $2000. In Singapore: maximum forex leverage 1:20.
About Saxo Bank
Saxo Bank was founded in 1992 and is headquartered in Copenhagen, Denmark. The broker offers 65,000 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by Saxo Capital Markets Pte Ltd under MAS.
In Singapore, Saxo Bank operates as Saxo Capital Markets Pte Ltd, authorised by MAS under licence number 200601141M. Singapore traders are subject to a maximum leverage of 1:20 on forex pairs under MAS rules.
Trading Platforms
Pros
- MAS regulated — licence 200601141M
- 65,000+ instruments to trade
- Negative balance protection in Singapore
- Platforms: SaxoTraderGO, SaxoTraderPRO, MT4
- Real stock ownership (not CFD)
Cons
- Inactivity fee: USD100/month after 6 months
- 68% of retail clients lose money
- CFD trading — you do not own the underlying asset
Key Facts About Saxo Bank
- Listed on Nasdaq Copenhagen stock exchange (ticker: SAXO)
- Widest product range in industry — 71,000+ instruments including bonds, mutual funds, futures, listed options
- Proprietary SaxoTraderGO platform consistently rated among best professional trading platforms
Known Limitations
- High minimum deposit — Classic account requires $2,000, Platinum $200,000
- Commission structure complex and can be expensive for small traders
- Not suitable for beginners — designed for professional/experienced traders
Frequently Asked Questions
Is Saxo Bank regulated?
Saxo Bank holds MAS licence 200601141M, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official MAS public register.
What is the minimum deposit for Saxo Bank in Singapore?
The minimum deposit is $2000. This is the amount required to open a live trading account for traders in Singapore under MAS regulation.
What leverage does Saxo Bank offer in Singapore?
In Singapore, Saxo Bank offers maximum forex leverage of 1:20 under MAS rules. Higher leverage may be available through offshore-regulated entities.
Is Saxo Bank safe to trade with?
Saxo Bank is regulated by MAS, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
Reader Comments
Loading comments...