Saxo provides a range of trading account types tailored to different trader profiles, including beginners, retail traders, high-volume professionals, and fund managers.
Available accounts include the Classic Account (ideal for casual traders), the Platinum Account (with tighter spread), the VIP Account (with best prices and services), the ISA Account (exclusive to UK traders), and the Joint Account (ideal for family members wishing to invest together). Advanced traders and money managers can access the Corporate Account, for companies that want to invest business funds, and the Professional Account, which offers higher leverage, lower margin requirements and additional benefits.
Each Saxo account type has distinct pricing models and offers platform compatibility across SaxoTraderGO and SaxoTraderPRO.
The availability of the Saxo account types is subject to Regulatory compliance, trader expertise, and regional restrictions.
What types of trading accounts are available at Saxo?
The Saxo account types are listed below.
- Saxo demo account
- Saxo classic account
- Saxo platinum account
- Saxo VIP account
- Saxo ISA account
- Saxo joint account
- Saxo corporate account
- Saxo professional account
Saxo Classic Account: Best for casual traders
The Saxo Classic Account is designed for casual traders and offers access to over 60,000 assets, such as forex, options, futures, commodities, stocks, ETFs, bonds, and mutual funds. It features floating spreads starting from 0.9 pips, with a minimum trade size of 1 micro lot. No minimum deposit is required to open this account.
The features of the Saxo Classic Account are listed below.
- Availability: Under FCA, ASIC, FINMA, UAE Central Bank, JFSA, SFC HK.
- Markets: Forex, options, futures, commodities, 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, and there’s no minimum deposit for a live account.
Saxo Platinum Account: Best for tighter spreads
The Saxo Platinum Account is tailored for traders seeking tighter spreads to provide access to the same extensive range of over 60,000 assets. Spreads start from 0.8 pips, and the account requires a minimum deposit of $200,000. The minimum trade size is 1 micro lot.
The features of the Saxo Platinum Account are listed below.
- Availability: Under FCA, ASIC, FINMA, UAE Central Bank, JFSA, SFC HK.
- Markets: Forex, options, futures, commodities, 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 VIP Account: Best for best prices and services
The Saxo VIP Account is aimed at high-net-worth individuals desiring premium services and the best prices. It offers access to over 60,000 assets with spreads starting from 0.7 pips. A dedicated market insight service is available, and the account requires a minimum deposit of $1,000,000.
The features of the Saxo VIP Account are listed below.
- Availability: Under FCA, ASIC, FINMA, UAE Central Bank, JFSA, SFC HK.
- Markets: Forex, options, futures, commodities, 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 ISA Account: Best for tax-free profits
The Saxo ISA Account is suitable for UK residents seeking tax-free profits to provide access to over 11,000 assets, such as stocks, ETFs, bonds, and commodities. Commissions start from $0.01 per share, with a minimum of $3. A minimum deposit of $500 is required to open this account.
The features of the Saxo ISA Account are listed below.
- 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 Joint Account: Best for family members
The Saxo Joint Account is ideal for family members wishing to invest together and offers access to over 60,000 assets. Spreads start from 0.7 pips, and the account requires a minimum deposit of $50,000. The minimum trade size is 1 micro lot.
The features of the Saxo Joint Account are listed below.
- Availability: Under FCA, ASIC, FINMA, UAE Central Bank, JFSA, SFC HK.
- Markets: Forex, options, futures, commodities, 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 Corporate Account: Best for institutional traders
The Saxo Corporate Account is designed for institutional traders by providing access to over 60,000 assets with spreads starting from 0.7 pips. A dedicated market insight service is available, and the account requires a minimum deposit of $100,000. The minimum trade size is 1 micro lot.
The features of the Saxo Corporate Account are listed below.
- Availability: Under FCA, ASIC, FINMA, UAE Central Bank, JFSA, SFC HK.
- Markets: Forex, options, futures, commodities, 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 Professional Account: Best for pro traders
The Saxo Professional Account is intended for professional traders and offers access to over 60,000 assets with up to 30% lower prices. It provides higher leverage up to 1:66 and allows the use of a percentage of shareholdings as collateral for margin trading. Specific eligibility criteria must be met to open this account.
The features of the Saxo Professional Account are listed below.
- Availability: Under FCA, ASIC, FINMA, UAE Central Bank, JFSA, SFC HK.
- Markets: Forex, options, futures, commodities, 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 $2,000.
How to compare the Saxo trading accounts?
The table to compare the Saxo trading accounts is shown below.
| Saxo Account Types | Minimum Deposit ($) | Minimum Spread (pips) | Volume-Based Commissions | Overnight Fees | Minimum Trade Size (lots) |
|---|---|---|---|---|---|
| Saxo Classic Account | 0 | 0.9 | N/A | Yes | 0.01 |
| Saxo Platinum Account | 200,000 | 0.8 | N/A | Yes | 0.01 |
| Saxo VIP Account | 1,000,000 | 0.7 | N/A | Yes | 0.01 |
| Saxo ISA Account | 500 | N/A | $0.01 per share (min $3) | N/A | 0.01 |
| Saxo Joint Account | 50,000 | 0.7 | N/A | Yes | 0.01 |
| Saxo Corporate Account | 100,000 | 0.7 | N/A | Yes | 0.01 |
| Saxo Professional Account | 2,000 | N/A | Up to 30% lower pricing | Yes | 0.01 |
What are the requirements to open a Saxo account type?
The requirements to open a Saxo account are listed below.
- Contact requirements: The contact requirements of Saxo include a valid email address and a valid phone number
- Age requirements: The age requirement at Saxo is that you must be over 18 years old to open an account
- Legal requirements: The legal requirements at Saxo include complying with KYC laws by verifying your identity with documents such as a passport or utility bill.
- Minimum deposit requirements: Saxo minimum deposit to activate a live trading account is $500
- Regulatory requirements: The regulatory requirements at Saxo stipulate that you must be a resident in a country where the broker operates
- Knowledge requirements: The knowledge requirements at Saxo include answering questions about your trading experience and financial knowledge before accessing complex financial products.
Do Saxo account types charge inactivity fees?
No, Saxo account types do not charge inactivity fees. Traders can keep their accounts open without worrying about penalties for inactivity, regardless of how long they remain unused. This applies to all Saxo account tiers, ensuring that clients are not pressured to trade solely to avoid extra costs.
Saxo does not impose inactivity fees on any of its accounts, allowing traders to step away from the platform without financial consequences. The broker classifies accounts as dormant if they remain inactive for six months.
Demo accounts are trial accounts funded with virtual money, and traders using them owe nothing to the broker. Even if a demo account is abandoned, no Saxo fees apply. These accounts serve only for practice and testing, and their inactivity has no financial impact on the user.