Saxo Bank
On the desk for one reason: multi-entity structure. 6 register lines are on this file, spread across 6 legal entities in 6 jurisdictions, 6 of them with a top-tier regulator.
On the wire
6 items · 0 noticesEvery figure below was read off a regulator register or the firm's own filing.
- 01register entry
Danish FSA (Finanstilsynet) entry 1149 for Saxo Bank A/S
Source: home.saxo
- 02register entry
FCA entry 551422 for Saxo Capital Markets UK Ltd
Source: register.fca.org.uk
- 03register entry
FINMA for Saxo Bank (Schweiz) AG
Source: home.saxo
- 04register entry
MAS for Saxo Capital Markets Pte Ltd
Source: home.saxo
- 05register entry
FSA Japan for Saxo Bank Securities Ltd.
Source: home.saxo
- 06register entry
ASIC entry AFSL 280372 for Totality Wealth Limited
Source: home.saxo
Entity by entity
6 lines| Regulator | Jurisdiction | Entity as registered | Number | Tier | Source |
|---|---|---|---|---|---|
| Danish FSA (Finanstilsynet) | Denmark | Saxo Bank A/S | 1149 | T1 | home.saxo |
| FCA | UK | Saxo Capital Markets UK Ltd | 551422 | T1 | register.fca.org.uk |
| FINMA | Switzerland | Saxo Bank (Schweiz) AG | not verified | T1 | home.saxo |
| MAS | Singapore | Saxo Capital Markets Pte Ltd | not verified | T1 | home.saxo |
| FSA Japan | Japan | Saxo Bank Securities Ltd. | not verified | T1 | home.saxo |
| ASIC | Australia | Totality Wealth Limited | AFSL 280372 | T1 | home.saxo |
Tier is the desk's shorthand for the supervising regime, not a quality score: T1 a top-tier statutory regulator, T2 a mid-tier one, T3 an offshore registration.
Commercial detail on the record
| Minimum to open | $0 |
|---|---|
| EUR/USD spread as published | 0.9 pips |
| Leverage as advertised | 1:30 (UK/EU retail) |
| Platforms | SaxoTraderGO · SaxoTraderPRO · SaxoInvestor · Mobile apps |
| Account books | Classic · Platinum · VIP |
What the record says
Saxo Bank A/S was founded in Denmark in 1992 and received its banking licence in 2001.
Saxo Bank A/S holds Danish FSA licence no. 1149 (company registration no. 15731249).
In June 2023 Saxo Bank was classified as a systemically important financial institution (SIFI) in Denmark.
The UK entity, Saxo Capital Markets UK Ltd, is authorised by the FCA under firm reference number 551422.
The Hong Kong SFC reprimanded and fined Saxo Capital Markets HK Limited HK$4 million on 6 January 2026 for allowing retail clients to trade virtual asset products that should only have been offered to professional investors, between 1 November 2018 and 25 November 2022 (SFC enforcement news release: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=26PR1).
J. Safra Sarasin Group announced the completion of its acquisition of a majority stake in Saxo Bank (group media release: https://jsafrasarasin.com/en/company/annual-reports-and-media-releases/J-Safra-Sarasin-Group-completes-the-acquisition-of-majority-stake-in-Saxo-Bank.html); Finance Magnates reported the close on 2 March 2026, with Daniel Belfer installed as CEO.
The official Australian legal page now identifies Totality Wealth Limited (formerly Saxo Capital Markets (Australia)) with ABN 32 110 128 286 and AFSL 280372; the site presents the Australian business as Totality (formerly Saxo Australia) (home.saxo)
Not verified
6 fieldsThe desk left these blank rather than fill them from secondary sources. They stay on the file as open questions and will be filled the day a primary source carries them.
- FINMA licence number
- MAS licence number
- Japan FSA registration number
- Exact minimum deposit (varies by entity; Saxo advertises no minimum in several jurisdictions)
- EUR/USD spread is a reported VIP/Platinum-tier figure rather than a published live average
- public listing status
Other open files
The whole deskThis file reports what regulators and the firm have published. It is not a review, not a rating and not advice to open or close an account anywhere.