Saxo Bank Account Types

filippo ucchino Filippo Ucchino calendar Last Updated: December 2022 timer 8 Min Read

Saxo Bank offers a good number of account types:

  • Saxo Bank demo account
  • Saxo Bank classic account
  • Saxo Bank platinum account
  • Saxo Bank VIP account
  • Saxo Bank ISA account
  • Saxo Bank joint account
  • Saxo Bank corporate account
  • Saxo Bank professional account
Table of Content

Saxo Bank account types: full list and features

Depending on your country of residence you may see available to you, different trading features and assets. such as leverage for retail clients from Europe, the UK and Australia up to 1:30.

Saxo Bank classic account: Best for casual traders

  • Availability: Under FCA, ASIC, FINMA, UAE Central Bank, JFSA, SFC HK.
  • Markets: Forex, options, futures, commodities, cryptocurrencies, stocks, ETFs, bonds, mutual funds (60,000+ assets in total).
  • Commissions: Floating spread from 0.9 pips. A rollover fee may be charged on open positions overnight.
  • Platforms: SaxoTraderGO, SaxoTraderPRO.
  • Trade size: From 1 micro lot.
  • Leverage: Up to 1:20 (SFC HK), up to 1:30 (FCA, ASIC, FINMA, UAE Central Bank).
  • Special features: SaxoStrats for a market insight service.
  • Account opening: Demo account is available for 30 days while a live account has a minimum deposit of $2,000 according to your country of residence.

Saxo Bank platinum account: Best for tighter spreads

  • Availability: Under FCA, ASIC, FINMA, UAE Central Bank, JFSA, SFC HK.
  • Markets: Forex, options, futures, commodities, cryptocurrencies, stocks, ETFs, bonds, mutual funds (60,000+ assets in total).
  • Commissions: You get charged spreads from 0.8 pips; rollover fee on open position for consecutive days.
  • Platforms: SaxoTraderGO, SaxoTraderPRO.
  • Trade size: From 1 micro lot.
  • Leverage: Up to 1:20 (SFC HK), up to 1:30 (FCA, ASIC, FINMA, UAE Central Bank).
  • Special features: SaxoStrats for a market insight service.
  • Account opening: 30-day demo account available; to proceed to a live account there is a minimum deposit of $200,000 depending on the regulatory framework you fall under.

Saxo Bank VIP account: Best for best prices and services

  • Availability: Under FCA, ASIC, FINMA, UAE Central Bank, JFSA, SFC HK.
  • Markets: Forex, options, futures, commodities, cryptocurrencies, stocks, ETFs, bonds, mutual funds (60,000+ assets in total).
  • Commissions: Spread starting value is 0.7 pips; open positions overnight entail a rollover fee.
  • Platforms: SaxoTraderGO, SaxoTraderPRO.
  • Trade size: From 1 micro lot.
  • Leverage: Up to 1:20 (SFC HK), up to 1:30 (FCA, ASIC, FINMA, UAE Central Bank).
  • Special features: SaxoStrats for a market insight service will be in direct contact with you.
  • Account opening: You have 30 days to try a demo account; depending on your country of residence the minimum deposit for a live account is $1,000,000.

Saxo Bank ISA account: Best for tax-free profits

  • Availability: Under FCA.
  • Markets: Stocks, ETFs, bonds, commodities (11,000+ assets in total).
  • Commissions: From $0.01 per share (minimum $3).
  • Platforms: SaxoTraderGO.
  • Trade size: From 1 micro lot.
  • Leverage: Up to 1:30.
  • Account opening: You can find a demo account lasting for 30 days; a $500 minimum deposit to open a live account.

Saxo Bank joint account: Best for family members

  • Availability: Under FCA, ASIC, FINMA, UAE Central Bank, JFSA, SFC HK.
  • Markets: Forex, options, futures, commodities, cryptocurrencies, stocks, ETFs, bonds, mutual funds (60,000+ assets in total).
  • Commissions: Spread from 0.7 pips depending on the pricing plan; if you wish to keep a position open through the night you will be charged a rollover fee.
  • Platforms: SaxoTraderGO, SaxoTrader PRO.
  • Trade size: From 1 micro lot.
  • Leverage: Up to 1:20 (SFC HK), up to 1:30 (FCA, ASIC, FINMA, UAE Central Bank).
  • Special features: Joint accounts can only be opened between first-line family members.
  • Account opening: 30-day demo account; $50,000 minimum deposit to switch to a live account.

Saxo Bank corporate account: Best for institutional traders

  • Availability: Under FCA, ASIC, FINMA, UAE Central Bank, JFSA, SFC HK.
  • Markets: Forex, options, futures, commodities, cryptocurrencies, stocks, ETFs, bonds, mutual funds (60,000+ assets in total).
  • Commissions: According to the pricing plan, the spread is from 0.7 pips; rollover fees are charged on positions held open overnight.
  • Platforms: SaxoTraderGO, SaxoTrader PRO.
  • Trade size: From 1 micro lot.
  • Leverage: Up to 1:20 (SFC HK), up to 1:30 (FCA, ASIC, FINMA, UAE Central Bank).
  • Special features: SaxoStrats for a market insight service will be in direct contact with you.
  • Account opening: You can find a demo account available for 30 days; a live account requires a minimum deposit of $100,000 according to your country of residence.

Saxo Bank professional account: Best for pro traders

  • Availability: Under FCA, ASIC, FINMA, UAE Central Bank, JFSA, SFC HK.
  • Markets: Forex, options, futures, commodities, cryptocurrencies, stocks, ETFs, bonds, mutual funds (60,000+ assets in total).
  • Commissions: Up to 30% lower prices; rollover commissions on positions kept open for consecutive days.
  • Platforms: SaxoTraderGO, SaxoTrader PRO.
  • Trade size: From 1 micro lot.
  • Leverage: Up to 1:66.
  • Special features: You can use a percentage of your shareholdings as collateral for margin trading.
  • Account opening: You need to meet specific criteria to be eligible; the demo account is available for 30 days; depending on the broker’s branch, the live account has a minimum deposit of $2,000.

What happens to inactive Saxo Bank trading accounts?

After six months of no trading activity your account will go into a dormant/inactive status.

Saxo Bank charges an inactivity fee of $100 per month.

If your balance falls to $0, Saxo Bank reserves the right to close your account.


About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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