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Saxo Review 2026
By Guilherme J. · Markets & broker analyst · Updated 2026-07-30 · How we rank
Saxo is a real stocks (premium) broker offering from 0.08% commission with a $0 minimum, regulated by DFSA, FCA, FINMA, MAS, ASIC. Fractional shares: yes. Below is how it stacks up on cost, market access and safety.
Open Saxo Account →Best for
Investors with larger balances who want broad market access and a platform built for serious use.
Not for
Small accounts. The pricing and minimums assume you are investing meaningful sums.
Pros
- Enormous market access across 50+ exchanges
- Excellent professional platforms
- Strong regulation and reputation
Cons
- Pricing better suited to larger accounts
- Not the cheapest for small investors
What it actually costs
- Commission from 0.08%, falling with account tier.
- Currency conversion on trades and dividends in another currency, which accumulates on foreign holdings.
- Custody fee applies on some account types and jurisdictions.
- No inactivity fee on most accounts, but check your local entity's schedule.
Is your money safe
Regulated by the Danish FSA as a licensed bank, plus the FCA, FINMA, MAS and ASIC through local entities. Client assets are segregated and deposit guarantee schemes apply according to jurisdiction, typically €100,000 for cash in the EU.
Questions people ask
Is Saxo worth it for small accounts?
Generally not. Pricing tiers reward larger balances, and a small portfolio pays proportionally more while using little of the platform's capability. Trading 212 or XTB suit smaller sums better.
Is Saxo a bank?
Yes. Saxo holds a Danish banking licence and is supervised by the Danish FSA, with additional regulation through its local entities in the UK, Switzerland, Singapore and Australia.
Verdict
Saxo is a bank as much as a broker, and it behaves like one. Market access is very broad, research is genuinely produced rather than syndicated, and SaxoTraderGo is among the better platforms available to retail clients.
Pricing rewards size. Commission tiers fall as your balance grows, so the same trade costs a Platinum client noticeably less than a Classic one. Below a certain account size you are paying for capability you may not be using.
The custody and currency conversion charges deserve attention if you hold foreign shares for years. Saxo is not expensive for what it is, but it is not the cheapest way to own a handful of positions.