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Saxo Review
4.2★A premium, full-featured broker and bank with one of the widest product ranges (stocks, ETFs, bonds, options, futures, FX), a strong platform and low FX. Per-trade commissions apply, and it leans more towards engaged and advanced investors than a bare-bones beginner app.
Key facts
- Savings-plan fee
- Free auto-invest / savings plans (where available)
- Min. savings plan
- No set minimum (varies by market)
- Custody fee
- €0 (custody fee removed in 2025)
- FX fee
- 0.25% (mid-rate +/- 0.25%)
- Regulator
- Danish FSA (Saxo Bank); regulated across the EU/UK
- Deposit protection
- Investor compensation up to scheme limits (entity-dependent)
- Founded
- 1992
- Available in
- GB, DE, FR, NL, IT, ES, IE, AT
Best for
- Wide product range and a powerful platform
- Engaged and more advanced investors
Pros
- Very wide range across global markets and asset classes
- Low FX (0.25%) and no custody fee
- Strong, well-regarded platform and tools
Cons
- Per-trade commission (from around 0.08%), not zero-commission
- More complex and premium-oriented than simple apps
- Pricing tiers and minimums vary by market