How to Open an Account at Saxo Bank

Rigorous and Personalized Process

Opening an account at Saxo Bank requires completing an online form with personal and financial information. Then, you must present proof of identity, proof of address, and for certain accounts, a statement of assets. The process takes between 1 and 3 business days.

Deposits Based on Account Type

The Classic account does not have a mandatory minimum, although it is recommended to start with at least $2,000 USD. For Platinum accounts, the minimum rises to $10,000 USD. Deposits can be made via bank transfer or credit/debit cards (depending on the region).

GO and PRO Platforms for Every User Type

SaxoTraderGO is an intuitive platform with mobile and web access, ideal for most investors. SaxoTraderPRO, on the other hand, is designed for professional traders, with more analysis functions, customization, and execution speed. Both include integration with TradingView.

• Opening in 1 to 3 days with KYC verification

• Suggested deposit from $2,000 (Classic)

• Minimum deposit $10,000 for Platinum accounts

• SaxoTraderGO (web/mobile) and PRO (desktop)

• 24/5 multichannel support

Financial Instruments and Advanced Platforms

Global Access with Over 72,000 Assets

Saxo Bank allows trading on more than 30 international exchanges with instruments such as stocks, ETFs, bonds, futures, options, forex, and crypto ETPs. All available from one account, with automatic conversions and support in multiple base currencies.

Platforms for Active and Professional Investors

SaxoTraderGO offers a seamless experience on any device, with advanced charts, alerts, and analysis tools. SaxoTraderPRO adds features like multiple screen execution, level 2 order book, and connectivity with institutional APIs.

• Access to 170+ forex pairs and 30+ stock markets

• Trading in options, futures, ETFs, and bonds

• GO and PRO platforms based on profile

• Charts integrated with TradingView

• Ability to trade with margin and derivatives

Fees, Regulation, and User Profile

Transparent and Competitive Costs

Saxo charges from 0.9 pips on forex, between $1 and $6 per trade in stocks depending on the market and volume, and a currency conversion fee of 0.25%. There are no maintenance fees on active accounts. Fees decrease significantly at the Platinum and VIP levels.

International Banking Regulation

Saxo Bank is regulated as a bank in Denmark and by entities like the FCA (UK), ASIC (Australia), MAS (Singapore), and more. This ensures a robust operating environment, with fund protection, advanced cybersecurity, and continuous oversight.

Ideal Saxo Investor Profile

This broker targets experienced investors seeking advanced diversification, powerful platforms, and global access. It is not the best option for beginners, but it is for those managing complex or institutional portfolios.

• Fees from 0.9 pips on forex

• Access to over 72,000 assets

• Regulation as a bank and investment in multiple countries

• Customer service 24/5 via chat, email, and phone

• Ideal for advanced traders and wealth management