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Saxo: UK account tiers, markets, fees, banking structure and 2026 developments

Saxo combines securities investing, leveraged trading and institutional technology. This reference compares UK accounts and costs, explains cash and asset protection, and sets out current ownership, financial results and supervisory developments.

By Editorial deskOperating status: ActiveSources checked Published Updated
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Profile scope

Account, payment and pricing tables cover Saxo Capital Markets UK Ltd. Group results concern Saxo Bank Group, while Danish deposit protection concerns Saxo Bank A/S and qualifying branches.

  • UK Classic, Platinum and VIP tiers have different dealing, custody and currency-conversion rates.
  • Saxo Bank A/S and Saxo Capital Markets UK Ltd have different protection arrangements.
  • H1 2026 net profit was DKK 648 million; material 2026 developments include an AML fine and a product-governance order.

Accounts & headline costs

Sections ↑

Saxo offers cash securities investing and leveraged markets through the same group, with separate platforms for portfolio investing and active trading. The business began in Copenhagen in 1992 and launched an online trading platform in 1998; its parent is a Danish bank.[2]

Broker essentials01

Business essentials

Business essentials
MeasureValueContext
OwnerSaxo Holding AG, wholly owned by Bank J. Safra Sarasin AG.Source 3
LeadershipCEO Daniel Belfer; founder and chairman Kim Fournais; CFO Mads Dorf Petersen.Source 3
Parent bankSaxo Bank A/S, Hellerup, Denmark; banking licence 1149, granted in 2001.Source 2Source 15
UK brokerageSaxo Capital Markets UK Ltd; FCA reference 551422; company 07413871.Source 5
UK office / support26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA; support 24/5.Source 5
Account comparison02

Published UK account tiers

Published UK account tiers
FeatureClassicPlatinumVIP
Starting depositNo minimum£200,000£1 millionSource 5
UK stock / ETF dealing0.08%0.05%0.03%Source 5
Settlement currency conversion0.60%0.40%0.20%Source 7
Annual custody: shares, ETFs/ETCs and bonds0.12%0.12%0.08%Source 7
Annual custody: mutual funds0.05%0.05%0.05%Source 7
Trading activity can also qualify clients for higher tiers. Custody is calculated daily and collected monthly; product and account terms determine the applicable charges.

View full spreads & trading costs

Products & platforms

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Account comparison03

Products and account formats

Products and account formats
ServiceUK availability / terms
Underlying securities23,000+ shares; ETFs, funds and bonds.Source 6Source 9
Leveraged marketsForex, CFDs, futures and options through SaxoTrader. Forex page lists 185+ currency pairs and 45+ FX options.Source 9Source 8
Account formatsIndividual, joint, corporate, trust, flexible Stocks and Shares ISA and SIPP; separate professional classification and demo access.Source 5
Currency sub-accountsChoice of up to 24 currencies and up to four sub-accounts, depending on account type and residence.Source 6
Stock commission exampleUK stocks, main US exchanges and Euronext: published 0.08% rate with no minimum commission.Source 6
Platforms & products04

Platform and tool choices

Platform and tool choices
ServiceFunctions
SaxoInvestorWeb/mobile access focused on shares, ETFs, funds and bonds.Source 9
SaxoTraderWeb, mobile and desktop access to cash and margin products; chart trading and advanced order tools.Source 9
Investment researchFundamental and ESG screeners, portfolio monitoring, analyst research and custom performance reports.Source 6
Trading analysis85+ technical indicators; option chains and Greeks; exposure and margin reports.Source 8
API and integrationsOpenAPI supplies REST and streaming access; FIX serves institutional integration. Excel, TradingView and MultiCharts connections are available.Source 10

Fees & holding costs

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Pricing & charges05

Published forex spread and margin examples

Published forex spread and margin examples
PairSpread exampleInitial margin
EUR/USD0.7 pips3.33%Source 8
GBP/USD0.8 pips4%Source 8
USD/JPY0.9 pips4%Source 8
UK product-page examples checked 9 October 2026; the page does not assign these examples to an account tier. Live spreads vary.
Pricing & charges06

Additional UK costs

Additional UK costs
ItemPublished treatment
Platform / inactivityNo platform or inactivity fee; optional market-data subscriptions and services may cost extra.Source 9Source 7
Cash conversion between sub-accounts0.25%, separate from the tiered settlement-conversion charge.Source 7
Stock transfers outEUR50 per line, capped at EUR160. Bond transfers out are free; partial allocation and realignment have separate charges.Source 22
Manual order handling€50, with exceptions where desk assistance is required.Source 7
Leveraged positions held overnightFinancing or rollover depends on instrument, direction and account tier.Source 7Source 11

Execution & trading rules

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Trading & service hours07

Selected operating windows

Selected operating windows
ServicePublished hours
Forex weekly sessionMonday 05:04 Sydney time to Friday 16:59 Eastern Standard Time, using Saxo’s published time-zone label.Source 11
Daily FX pause16:59–17:04 in the New York session time stated by Saxo.Source 11
TRY trading06:00–15:00 GMT on trading days.Source 11
US share extended hours07:00–17:00 Eastern Time for eligible stocks.Source 6
Instrument calendars, holidays and daylight-saving transitions can change access. The published local time zones are retained rather than converted to a fixed UTC schedule.

Deposits, withdrawals & transfers

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Account comparison08

UK cash transfers

UK cash transfers
ServiceTiming and cost
First fundingBank transfer or wire from an account in the client’s name; joint-name bank accounts are accepted.Source 12
Instant open bankingNormally seconds, subject to checks; no Saxo charge.Source 12Source 14
Later debit-card fundingInstant in normal processing; unavailable for ISA funding. EEA-issued debit cards are free; other card charges range from 0.51% to 2.24%.Source 12Source 14Source 13
Bank depositsDomestic: normally 1–2 business days; international: 2–5. Saxo charges no deposit fee.Source 13Source 14
Bank withdrawalsBefore 13:00 GMT: normally T+1; later: T+2, with receiving-bank time additional. Saxo charges no withdrawal fee.Source 13Source 14
Account comparison09

UK securities transfers: asset-specific exit charges

UK securities transfers: asset-specific exit charges
AreaPublished positionPractical detail
Stocks outEUR50 per line; maximum EUR160 or account-currency equivalentThe stock charge is not a universal securities-out charge.Source 22
Bonds out; stocks/bonds inNo Saxo transfer chargeThe delivering broker may have its own tariff.Source 22
Partial allocation / price changeUS$10 per ISIN / US$10 per line respectivelyPartial-allocation charge is waived for inheritance.Source 22
Restricted or delisted realignmentEUR200Covers the stated delisted, restricted or non-tradable security operation.Source 22

For an incoming stock, bond, ETF or mutual-fund transfer, open the receiving account first, then use Portfolio transfer in SaxoTrader or SaxoInvestor and specify the delivering broker, securities and quantities. Saxo estimates 2–5 weeks, depending on the other broker’s response; it also asks for a signed copy of the request to be sent to that broker. An ISA transfer has a separate platform route or form sent to [email protected].[23]

Protection & regulation

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Event timeline10

Material supervisory developments in 2026

Material supervisory developments in 2026
DateFinding / actionCompany response
22–23 JanuarySaxo accepted a DKK 313 million AML fine covering customer-knowledge and ongoing-monitoring shortcomings from January 2021 to May 2023.Saxo said the related 12 remedial orders had been closed in November 2024.Source 18Source 19
2 July report; 6 July publication and responseDanish FSA ordered improvements to product governance, including assessment and reporting of sales outside the identified target market.Saxo acknowledged the order and said it was implementing measures.Source 20Source 24Source 21
Protections & eligibility11

Protection follows the contracting entity

Protection follows the contracting entity
Account providerCash / assetsCompensation scope
Saxo Capital Markets UK LtdSegregated client money and custody arrangements.Eligible failed-firm investment claims: FSCS up to £85,000 per person per firm.Source 17Source 1
Saxo Bank A/S and qualifying branchesDanish scheme covers eligible deposits up to €100,000 per depositor. Securities are normally returned.Up to €20,000 for eligible securities that cannot be returned.Source 16
Investment compensation does not cover ordinary market losses. The Danish bank’s deposit limit is not the UK subsidiary’s investment-compensation limit.

Company background & evidence

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Results & changes12

Saxo Bank Group: first-half results

Saxo Bank Group: first-half results
MeasureH1 2026H1 2025
Total income, DKK million2,8032,501Source 4
Operating costs, DKK million1,9241,753Source 4
Net profit, DKK million648548Source 4

At 30 June 2026, Saxo reported 1.7 million clients and DKK 1,144 billion in client assets. The group’s full-year 2025 net profit was DKK 539 million, and year-end client assets were DKK 995 billion. Client assets measure assets served by the business; they are distinct from the group’s own balance-sheet assets.[4][3]

Headquarters
Saxo Bank A/S: Hellerup, Denmark
Founded
1992 (group history; banking licence received in 2001)
The companies behind the brand

Legal entities & licences

These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.

Saxo Bank A/S

DenmarkSource 15Source 20

Licences and regulatory records for Saxo Bank A/S
Issuer & identifierRecorded statusDate & scope
Danish Financial Supervisory Authority (Finanstilsynet)1149AuthorisedChecked 9 Oct 2026The bank publishes licence 1149; the Danish authority’s entity-specific 2 July 2026 supervisory report corroborates ongoing bank supervision. Company registration 15731249 is a separate identifier. This is not an exhaustive permissions check.Source 15Source 20

Saxo Capital Markets UK Ltd

United KingdomSource 5

Licences and regulatory records for Saxo Capital Markets UK Ltd
Issuer & identifierRecorded statusDate & scope
Financial Conduct Authority551422Not verifiedChecked 9 Oct 2026Firm-published FCA reference. The entity-specific FCA page did not expose its current record when inspected on 9 October 2026. The verification label records that retrieval limit; it is not an adverse finding about the licence.Source 5
Follow the evidence

Sources & further reading

  1. Investment protection: eligibility and compensation limits Financial Services Compensation Scheme · Accessed 9 Oct 2026
  2. Saxo group history and business overview Saxo Bank · Accessed 9 Oct 2026
  4. Saxo Bank interim report: first half 2026 Saxo Bank · Accessed 9 Oct 2026
  5. UK account types and Classic, Platinum and VIP tiers Saxo Capital Markets UK Ltd · Accessed 9 Oct 2026
  6. UK stock markets, commissions and investing features Saxo Capital Markets UK Ltd · Accessed 9 Oct 2026
  7. UK commissions, charges and margin schedule Saxo Capital Markets UK Ltd · Accessed 9 Oct 2026
  8. UK forex markets, spread examples and margin requirements Saxo Capital Markets UK Ltd · Accessed 9 Oct 2026
  9. SaxoInvestor and SaxoTrader platform overview Saxo Capital Markets UK Ltd · Accessed 9 Oct 2026
  10. OpenAPI, FIX and platform integrations Saxo Capital Markets UK Ltd · Accessed 9 Oct 2026
  11. UK forex trading conditions and hours Saxo Capital Markets UK Ltd · Accessed 9 Oct 2026
  12. How do I fund my account? Updated 5 October 2026 Saxo Support · Accessed 9 Oct 2026
  15. Saxo Bank licence details Saxo Bank · Accessed 9 Oct 2026
  17. UK client money and asset protection Saxo Capital Markets UK Ltd · Accessed 9 Oct 2026
  18. Administrative fine accepted by Saxo Bank A/S Danish Financial Supervisory Authority · 23 Jan 2026 · Accessed 29 Oct 2026
  19. Saxo response to the administrative AML fine Saxo Bank · 23 Jan 2026 · Accessed 29 Oct 2026
  20. Inspection report on appropriateness and product governance: dated 2 July, published 6 July 2026 Danish Financial Supervisory Authority · 6 Jul 2026 · Accessed 29 Oct 2026
  21. Saxo response to the product-governance inspection Saxo Bank · 6 Jul 2026 · Accessed 29 Oct 2026
  24. Regulator publication of the Saxo appropriateness and product-governance inspection Danish Financial Supervisory Authority · 6 Jul 2026 · Accessed 29 Oct 2026

This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.

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