Saxo Bank
Saxo Bank is a Danish investment bank with FCA authorisation in the UK, offering one of the broadest asset ranges of any retail broker. Through SaxoTraderGO and SaxoTraderPRO, clients can access equities, bonds, ETFs, forex, CFDs, options, and futures across 70+ global exchanges. It also offers a Stocks & Shares ISA and SIPP. Saxo is aimed at serious investors and active traders, with pricing that rewards higher account values. The options range is one of the strongest available to retail traders in the UK — listed equity options, index options, and more — which puts it alongside IG (via tastytrade) as one of the few retail-accessible brokers where options trading is a serious offering rather than a bolted-on feature.
Who it's for: Traders looking for sophisticated investors, multi-asset, options, ISA, SIPP, professional.
Saxo Bank
Premium FCA-regulated multi-asset broker offering stocks, bonds, ETFs, options, futures, forex and CFDs — built for sophisticated investors.
- Min. Deposit
- None (Classic); ~$50,000 equiv (Platinum); ~$1,000,000 equiv (VIP)
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Fees
commission-based for stocks; spread-based for forex/CFDs. Minimum deposit: None (Classic); ~$50,000 equiv (Platinum); ~$1,000,000 equiv (VIP).
Platforms & tools
- SaxoTraderGO (Web/Mobile)
- SaxoTraderPRO (Desktop)
Markets
- stocks
- ETFs
- bonds
- forex
- options
- futures
- indices
- commodities
Pros
- Exceptionally broad asset range — stocks, ETFs, bonds, options, futures, forex and CFDs in one platform
- FCA regulated as a full investment bank with ISA and SIPP available
- SaxoTraderPRO is a genuinely professional-grade platform
- Access to 70+ global exchanges
- No minimum deposit required for Classic accounts
- Tiered pricing improves significantly at higher account values
Cons
- 0.15% annual custody fee at Classic tier on stocks, ETFs and bonds (0.12% Platinum; 0.09% VIP)
- Pricing is less competitive at the Classic (entry) tier
- Platform complexity can be overwhelming for beginners
- Customer support has received mixed feedback
Alternatives to Saxo Bank
IG
One of the UK's largest and longest-established brokers, offering CFDs, spread betting, shares, ETFs, ISA and SIPP under FCA regulation.
- Min. Deposit
- £0
Affiliate link · Disclosure
AvaTrade
Multi-platform CFD broker with MT4, MT5, copy trading and straightforward pricing — UK clients access via European/global licences.
- Min. Deposit
- £100
Affiliate link · Disclosure
Trading 212
Commission-free stocks, ETFs and ISA app popular with UK retail investors, plus CFDs — all under FCA regulation.
- Min. Deposit
- £1 (CFD); £10 (ISA & Invest)
Affiliate link · Disclosure
Affiliate Disclosure: We may receive compensation when you click on links to brokers and products featured on this site. This compensation does not influence our rankings, reviews, or recommendations. We maintain editorial independence and provide objective comparisons. Read our full disclosure policy.
Risk Warning: This website does not provide financial, investment, or trading advice. All information is for educational purposes only. Trading and investing involve substantial risk of loss. You should carefully consider your financial situation and consult with qualified professionals before making any financial decisions.
Last updated: 2026-05-01