Saxo Bank
Professional platform for active traders and larger portfolios.
Last reviewed: March 2026
out of 10
Saxo Bank is the professional choice for active traders who need options, advanced charting, and access to a genuinely wide product range. It's not for cost-conscious passive investors — the custody fee on smaller accounts and higher commissions make it expensive at low volume. At scale with active trading, the platform justifies its cost.
Right for you if…
- Active traders who need options, futures, and FX in one account
- Investors with portfolios above €100,000 who want professional tools
- Those who want access to bonds, commodities, and CFDs alongside ETFs
Not right if…
- Passive ETF investors — custody fees and higher commissions are unjustifiable for buy-and-hold
- Beginners — the platform assumes significant prior knowledge
- Cost-sensitive investors comparing annual total cost
Fee Breakdown
Min €5/month below €100k
For a passive ETF investor, Saxo is one of the more expensive options due to the custody fee. For an active trader executing dozens of trades per month across multiple asset classes, the per-trade pricing is competitive and the product range is unmatched.
0.36% of €2,400 invested/year at Saxo Bank
Pros and Cons
What works
The widest product range of any European retail bank-broker: stocks, ETFs, bonds, options, futures, FX, CFDs
Licensed Danish bank — among the strongest regulatory structures in European retail brokerage
Professional-grade charting, research, and analytics tools
Multi-currency accounts with true multi-asset portfolio management
Interest on uninvested cash at competitive rates
What doesn't
0.12%/year custody fee (min €5/month) on accounts below €100,000 — expensive for smaller portfolios
€3 minimum commission per ETF trade — higher than competitors
Platform complexity is high — not appropriate for new investors
No fractional shares, no automated Sparplan
Safety & Regulation
Saxo Bank holds a full Danish banking licence. Client deposits protected up to DKK 750,000 (~€100,000) under the Danish Guarantee Fund. Investment assets segregated. One of the strongest safety profiles in European retail brokerage.
Platform Experience
SaxoTraderGO (web/app) and SaxoTraderPRO (desktop) are genuinely professional platforms. Advanced charting, options chains, multi-leg order types, and comprehensive research are all present. Not designed for simplicity.
Tax Reporting
Excellent tax reporting across European jurisdictions. Detailed statements, transaction history, and dividend reports are well-structured. Works well with third-party tax software.
Available In
Saxo Bank FAQ
Saxo Bank holds a full Danish banking licence. Client deposits protected up to DKK 750,000 (~€100,000) under the Danish Guarantee Fund. Investment assets segregated. One of the strongest safety profiles in European retail brokerage.
For a passive ETF investor, Saxo is one of the more expensive options due to the custody fee. For an active trader executing dozens of trades per month across multiple asset classes, the per-trade pricing is competitive and the product range is unmatched.
Saxo Bank is available in: NL, DE, FR, ES, BE, IT, SE, DK, FI, NO, AT, CH. Availability may change — check Saxo Bank's website for the latest.
Active traders who need options, futures, and FX in one account. Investors with portfolios above €100,000 who want professional tools. Those who want access to bonds, commodities, and CFDs alongside ETFs.
How It Compares
Open a Saxo Bank account
Regulated broker. Takes 5–10 minutes to sign up.
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This review reflects Etfora's editorial assessment based on publicly available fee data. Fees may change — verify current rates on Saxo Bank's website before opening an account. Not financial advice.