Saxo Bank Review
Overall, Saxo Bank offers strong multi-asset access, no platform fee, and professional-level platforms without needing a high initial deposit.
Singapore investors trading regularly or across regions may benefit from better pricing, local MAS regulation, and the optional upgrade to professional account status.
- Louis Schoeman
Updated : August 20, 2025
 | Minimum Deposit: $0 Regulated by: FSA, FCA, MAS, FINMA, ASIC Leverage: Up to 1:3000 |
Saxo Bank Singapore Profile: Location, Website, and Key Facts
| Category | Details |
| 🏦 Singapore Office Address | 88 Market Street, CapitaSpring #31-01, Singapore 048948 |
| 📧 Email Support | [email protected] |
| 📞 Phone Support (Singapore) | +65 6303 7788 |
| 💬 Live Chat | Available through the trading platform (after login) |
| ⏱️ Customer Support Hours | 24/5 for trading platform and account support |
| ⏳ Office Operating Hours | Monday to Friday, 8:30 am to 5:30 pm. Closed on weekends and public holidays |
| 🌐 Official Website | https://www.home.saxo/sg |
| 🚀 Sign up | 👉 Open Account |
Is Saxo Bank Regulated in Singapore? Security and Fund Protection
Yes, Saxo Bank is regulated in Singapore by the Monetary Authority of Singapore (MAS).
| 🌎 Regulatory Body | 🇨🇴 Region / Country | 🔢 License / Registration Number | ⏺️ Status / Description |
| Monetary Authority of Singapore (MAS) | Singapore | 200601141M | Client funds and securities held in segregated accounts. No statutory guarantee. |
| Financial Conduct Authority (FCA) | United Kingdom | Saxo Capital Markets: 551422, Saxo Bank A/S: 207519 | Client cash held in trust. FSCS protection up to £85,000 for eligible clients. |
| Danish FSA (Finanstilsynet) | Denmark (Parent Entity) | 1149 | Licensed bank. Deposit protection up to €100,000. Investments protected up to €20,000. |
| ASIC (Australian Securities and Investments Commission) | Australia | 126373859 | Funds segregated. Negative balance protection required for retail clients. |
| FINMA (Swiss Financial Market Supervisory Authority) | Switzerland | CH-660-0511991-1 | Deposit insurance covers up to CHF 100,000. Securities fully segregated. |
| CONSOB (Commissione Nazionale per le Società e la Borsa) | Italy | 296 | Regulated under MiFID II. EU-level client protections. |
| JFSA (Japan Financial Services Agency) | Japan | 239 | Segregation and capital adequacy rules apply. |
| SFC (Securities and Futures Commission) | Hong Kong | 1395901 | Segregated client funds. Negative balance protection not required. |
| AFM (Authority for the Financial Markets) | Netherlands | 1003.939.706 | EU-level protections. Regulated via MiFID passporting. |
| AMF (Autorité des Marchés Financiers) | France | 483632501 R.C.S. Paris | Licensed credit institution. EU banking rules apply. |
| FSMA (Financial Services and Markets Authority) | Belgium | 1003.939.706 | Covered via Danish parent under EU rules. |
What Accounts Can You Open with Saxo Bank in Singapore?
Saxo Bank offers individual, corporate, and professional trading accounts for clients in Singapore. There’s also a free demo account for anyone who wants to try the platform first.
| 💻 Live Account | 💳 Minimum Dep. | 👉 Open an account | 📊 Leverage | 💸 Commissions |
| Classic (Individual) | None | 👉 Open Account | Depends on asset and classification | US stocks: from $0.015/share. UK stocks: 0.08%. Bonds: 0.2% |
| Platinum (Individual) | £200,000+ | 👉 Open Account | Depends on asset and classification | US stocks: from $0.01/share. UK stocks: 0.05%. Bonds: 0.1% |
| VIP (Individual) | £1,000,000+ | 👉 Open Account | Depends on asset and classification | US stocks: from $0.005/share. UK stocks: 0.03%. Bonds: 0.05% |
| Classic (Corporate) | £50,000+ | 👉 Open Account | Depends on asset and classification | Entry-level institutional pricing |
| Platinum (Corporate) | £200,000+ | 👉 Open Account | Depends on asset and classification | Up to 30% lower commissions vs. Classic |
| VIP (Corporate) | £1,000,000+ | 👉 Open Account | Depends on asset and classification | Lowest fees. Includes direct access to trading desk |
| Professional Account | No set minimum, eligibility required | 👉 Open Account | Up to 66:1 on FX (Majors) | Depends on trading volume and instruments |
Classic Account (Individual)
| Account Feature | Value |
| 💻 Trading Platforms | SaxoInvestor, SaxoTraderGO, SaxoTraderPRO |
| 📉 Spread Pips | Pricing starts at 0.015 USD/share for US stocks, 0.08% for UK stocks |
| 💰 Minimum Deposit | None |
| 📈 Maximum Leverage | Standard retail limits apply (up to 20:1 on FX Majors in Singapore) |
| 💹 Trading Instruments | Stocks, ETFs, bonds, options, FX, futures, commodities, and more |
| 🏆 Best For | New traders or investors starting with low capital |
| ✅ Advantages | No minimum funding. Full platform access. 24/7 human support |
| 🚀Sign up | 👉 Open Account |
Platinum Account (Individual)
| Account Feature | Value |
| 💻 Trading Platforms | SaxoInvestor, SaxoTraderGO, SaxoTraderPRO |
| 📉 Spread Pips | From 0.01 USD/share for US stocks, 0.05% for UK stocks |
| 💰 Minimum Deposit | £200,000 or equivalent in SGD |
| 📈 Maximum Leverage | Same as retail limits; pricing improves but leverage does not change |
| 💹 Trading Instruments | Full range available across all platforms |
| 🏆 Best For | Active investors or traders scaling up |
| ✅ Advantages | Lower commissions. Priority support. Access to all platform features |
| 🚀Sign up | 👉 Open Account |
VIP Account (Individual)
| Account Feature | Value |
| 💻 Trading Platforms | SaxoInvestor, SaxoTraderGO, SaxoTraderPRO |
| 📉 Spread Pips | From 0.005 USD/share for US stocks, 0.03% for UK stocks |
| 💰 Minimum Deposit | £1,000,000 or equivalent in SGD |
| 📈 Maximum Leverage | Same as retail limits (unless upgraded to professional client) |
| 💹 Trading Instruments | Full access, including curated content and premium research |
| 🏆 Best For | High-volume traders and investors seeking Saxo’s best rates |
| 🚀Sign up | 👉 Open Account |
Classic Account (Corporate)
| Account Feature | Value |
| 💻 Trading Platforms | SaxoInvestor, SaxoTraderGO, SaxoTraderPRO |
| 📉 Spread Pips | Competitive entry-level institutional pricing |
| 💰 Minimum Deposit | £50,000 or equivalent in SGD |
| 📈 Maximum Leverage | Based on instrument, typically up to 20:1 (retail limits) |
| 💹 Trading Instruments | Full institutional access across all major asset classes |
| 🏆 Best For | Companies or structures seeking professional-grade trading infrastructure |
| ✅ Advantages | Full access. Institutional-grade tools. 24/5 account support |
| 🚀Sign up | 👉 Open Account |
Platinum Account (Corporate)
| Account Feature | Value |
| 💻 Trading Platforms | SaxoInvestor, SaxoTraderGO, SaxoTraderPRO |
| 📉 Spread Pips | Up to 30% lower than Classic corporate pricing |
| 💰 Minimum Deposit | £200,000 or equivalent in SGD |
| 📈 Maximum Leverage | Same as Classic. Pricing improves. |
| 💹 Trading Instruments | Full suite of instruments with deeper support |
| 🏆 Best For | Active trading entities scaling operations |
| ✅ Advantages | Lower pricing. Priority local support. Full tool access |
| 🚀Sign up | 👉 Open Account |
VIP Account (Corporate)
| Account Feature | Value |
| 💻 Trading Platforms | SaxoInvestor, SaxoTraderGO, SaxoTraderPRO |
| 📉 Spread Pips | Saxo’s best pricing tier |
| 💰 Minimum Deposit | £1,000,000 or equivalent in SGD |
| 📈 Maximum Leverage | Same as other tiers unless classified as professional |
| 💹 Trading Instruments | Full global access with added service features |
| 🏆 Best For | High-volume firms and complex trading desks |
| ✅ Advantages | Dedicated manager. Strategy desk. Exclusive briefings and support |
| 🚀Sign up | 👉 Open Account |
Professional Account
| Account Feature | Value |
| 💻 Trading Platforms | All platforms available: SaxoInvestor, SaxoTraderGO, SaxoTraderPRO |
| 📉 Spread Pips | Pricing follows account tier (Classic, Platinum, VIP) |
| 💰 Minimum Deposit | No set minimum; eligibility criteria apply |
| 📈 Maximum Leverage | Up to 66:1 on FX Majors, 40:1 on indices, 10:1 on equities |
| 💹 Trading Instruments | Full unrestricted access to all instruments |
| 🏆 Best For | Experienced traders with larger portfolios or professional background |
| ✅ Advantages | Higher leverage. Fewer restrictions. Option to revert to retail status |
| 🚀Sign up | 👉 Open Account |
Demo Account
| Account Feature | Value |
| 💻 Trading Platforms | SaxoInvestor |
| 🛠️ Features | $100,000 virtual funds. 20-day access. Real market prices |
| 🏆 Best For | Platform exploration. Testing strategies |
| 🚀Sign up | 👉 Open Account |
Most accounts are approved within 1–2 business days once documents are verified.
Yes. Saxo Bank provides Shariah-compliant Islamic accounts for eligible clients.
How to Open a Saxo Bank Account in Singapore: Step-by-Step Guide
To open an account with Saxo Bank in Singapore, you’ll go through a process that requires identity checks, financial details, and a short trading experience questionnaire.
The whole setup usually takes around 10 to 15 minutes. In most cases, accounts are approved within the same working day, depending on how quickly documents are verified.
Step 1: Start Your Application
Visit Saxo Bank’s Singapore website.
Click “Open an Account” and confirm Singapore as your country of residence.
Step 2: Provide Personal Details
Enter your full name, date of birth, residential address, and contact details.
Step 3: Add Employment and Financial Information
Submit your employment status, occupation, income, and net worth.
Step 4: Complete the Trading Experience Questionnaire
Indicate the types of products you’ve traded before.
Provide details about your trading frequency, trade size, and experience with leverage/margin products.
Confirm if your experience aligns with the products you intend to trade.
Step 5: Upload Identity and Tax Documents
Submit a valid photo ID (passport, NRIC, or other government ID).
Provide proof of address and your tax identification documents.
Step 6: Secure Your Account
Create a strong password.
Verify your mobile number via SMS.
Review and accept Saxo Bank’s legal terms.
Step 7: Verification and Funding
Wait for account approval (typically within the same business day).
Once verified, fund your account and set your base currency to begin trading.
Broker Comparison: Saxo Bank vs OANDA vs IG
| Saxo Bank | OANDA | IG | |
| ⚖️ Regulation | FCA, MAS, ASIC, many more | BVI (for MY), FCA, MAS, ASIC, NFA, others | FCA, MAS, ASIC, BaFin, JFSA, others |
| 📱 Trading Platform | SaxoInvestor, SaxoTraderGO, SaxoTraderPRO | fxTrade, MT5, TradingView | IG Platform, MT4, ProRealTime, L2 Dealer |
| 💰 Withdrawal Fee | None | Free (cards), $20 (bank) | Free mostly, fees possible for international transfers |
| 📊 Demo Account | Yes, 20 days | Yes, no expiry (MT4 expires) | Yes, £10k virtual funds |
| 📈 Minimum Deposit | None (Classic Individual) | None | From $50 |
| 📈 Leverage | Up to 1:66 (pro) | Up to 1:888 (majors, under USD 500k) | 1:30 (retail), up to 1:222 (pro) |
| 📊 Spread | From 0.7 pips (EUR/USD retail) | From 0.6 (standard), 0.1 (core pricing) | From 0.6 pips (Forex) |
| 💰 Commissions | Yes, tiered by account level | None (rebates for volume) | Yes (e.g. 0.10% UK/EU shares, $0.02/share US) |
| ✴️ Margin Call/Stop-Out | 100% / 50% | 100% / 50% | Varies by asset/account |
| ✴️ Order Execution | Market execution | Market execution | 0.013 seconds avg |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | Classic, Platinum, VIP, Corporate, Pro | Standard, Premium, Premium Plus | CFD, Spread Betting, Share Dealing, SIPP, Pro |
| ⚖️ MAS Regulation | Yes | Yes | Yes |
| 💳 SGD Deposits | Yes (multi-currency supported) | Yes | Yes (SGD supported) |
| 📊 Singapore Dollar Account | Yes | Yes | Yes |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | Yes | Yes | Yes |
| ☪️ Islamic Account | No | No | Yes (some regions) |
| 👉 Open account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Saxo Bank Markets: Full List of Tradable Instruments in Singapore
| Market Type | Market Description | Examples/Popular Instruments | Reasons Why Nigerian Traders Should Be Familiar With This Type |
| 📈 Stocks CFD | Access to over 23,000 stocks from global exchanges. Includes Singapore-listed, US, UK, and European equities. | Apple, DBS, Tesla, Shell, HSBC | Shares are widely followed by Singapore investors. Useful for long-term growth, dividend income, or thematic investing. |
| 📊 ETFs CFD | Over 7,400 exchange-traded funds covering sectors, regions, and themes. | Vanguard S&P 500, ARK Innovation, iShares Asia 100 | Popular among passive investors and wealth builders. Useful for sector or regional diversification without managing individual stocks. |
| 🏦 Forex CFD | Trade over 185 currency pairs including majors, minors, and exotics. | EUR/USD, USD/SGD, GBP/JPY | High liquidity and lower capital requirements make Forex popular for Singapore traders. USD/SGD is a commonly traded local pair. |
| 🛢️ Commodities CFD | Trade metals, energy, and agriculture via spot, futures, or options. | Gold/USD, Brent Crude, Silver, Natural Gas | Often used for inflation hedging or diversification. Gold and oil are among the most actively watched markets in Singapore. |
| 📉 Options | Access to listed options from over 20 global exchanges. Trade equities, indices, and futures-based contracts. | Nvidia call options, FTSE 100 options, Apple straddles | Used for hedging or strategic exposure. Can limit risk while maintaining upside, depending on strategy and strike selection. |
| 📈 Futures | Over 250 contracts across equity indices, interest rates, and commodities. | S&P 500, Hang Seng Index, Gold futures, 10-Year US Treasury futures | Popular among active traders seeking leveraged directional exposure. Also used for portfolio hedging or macro trading. |
| 🏦 Forex Options | Over 45 vanilla Forex options with durations from one day to one year. | EUR/USD 1M ATM call, USD/JPY put, GBP/USD call spreads | Suitable for hedging currency exposure or expressing volatility views. Gives defined risk in a leveraged format. |
| 🏛 Bonds | Over 5,200 bonds from sovereign and corporate issuers. Traded directly on-platform in multiple currencies. | Singapore Government Securities, US Treasuries, Apple bonds | Useful for income, diversification, and reducing portfolio volatility. Bonds are key for Singaporean income-focused portfolios. |
| 🌎 Mutual Funds | Over 6,000 funds from major global providers. Includes equity, fixed income, and balanced strategies. | Fidelity Global Technology Fund, BlackRock Asian Growth Fund | Suitable for hands-off investing. Offers professional management without needing to select individual securities. |
Saxo Bank Trading Platforms Reviewed for Singapore Traders
SaxoInvestor
This is Saxo Bank’s most accessible platform, aimed at investors who want a more straightforward way to manage portfolios.
Key Features
- Live access to global stocks, ETFs, mutual funds, and bonds from one account.
- Investment search tools grouped by sector, region, and market theme.
- Built-in market commentary and analyst insights are shown at the instrument level.
- Precise performance tracking and downloadable portfolio reports.
SaxoInvestor is ideal for investors who prefer simplicity and clarity without cutting back on product access.
SaxoTraderGO
SaxoTraderGO is the platform most clients in Singapore use. It covers everything from equities and Forex to futures, options, and bonds, with access to over 120 global markets.
Key Features
- Custom order ticket with trade size, price, and risk tools in one view.
- Integrated charts with indicators, overlays, and trade-from-chart functionality.
- Complete portfolio dashboard with real-time P&L, exposure, and sector breakdowns.
- Alerts and smart notifications for price moves, positions, or key market events.
SaxoTraderGO is ideal for active traders who want full product access, decent charting, and fast execution without overloading the interface.
SaxoTraderPRO
SaxoTraderPRO is Saxo Bank’s most advanced platform. It’s a desktop application built for high-frequency, multi-asset trading across several monitors.
Key Features
- Support for up to six screens with a modular layout across Windows and Mac.
- Time & Sales, market depth (Level 2), and advanced order types.
- Custom dashboards for portfolio performance, exposure, and P&L across accounts.
- Access to algorithmic order types, including iceberg, trailing stop, and pegged orders.
SaxoTraderPRO is ideal for high-volume traders or professionals who need speed, visibility, and full platform control.
What Are Saxo Bank’s Trading Fees in Singapore?
Saxo Bank charges trading and non-trading fees across all account tiers in Singapore. Trading costs depend on your account level, the product traded, and how you access the platform.
Trading Fees
Spreads and Commissions
| Instrument | Spread / Commission |
| EUR/USD | From 0.7 pips |
| USD/SGD | From 0.9 pips |
| Forex Options (USD/SGD) | From 0.00059 pips |
| NASDAQ | From 0.5 pips |
| US Stocks | From $0.01 |
| Gold | From 0.5 pips |
| US Crude Oil | From 0.03 pips |
| US Dollar Index | From 0.008 pips |
| 30 Year US T-Bond | From 0.06 pips |
| Stocks, ETFs | From $1 |
| Futures (USD contracts) | 1 USD per contract |
| Futures (SGD contracts) | 2 SGD per contract |
| Bonds | From 0.05% |
| Singapore Exchange | From 0.2 pips |
Other Trading Fees
| Fee Type | Details |
| Futures and Options Carrying Costs | Charged on overnight positions. Calculated as base funding rate + markup (Classic: 2.5%, Platinum: 1.5%, VIP: 0%). Billed monthly. |
| CFD Overnight Financing | Applied to positions held after 5 p.m. EST. Includes Saxo’s financing rate, based on size, direction, and platform rate. |
| FX Options Minimum Ticket Fee | $10 (or equivalent) applies to trades under 50,000 units of base currency. |
| Forex Rollover Charges | Includes swap points (interbank + markup up to 0.75%) and financing on unrealised P/L (up to 2.5% for Classic). Settled daily. |
| Manual Order Fee | EUR 50 per order placed by phone, email, or chat for instruments available online. |
Non-Trading Fees
| Fee Type | Details |
| Currency Conversion Fee | ±0.25% on Forex spot rate. Applies to conversions during trades or payments. |
| Custody Fees | Stocks/ETFs/Bonds: 0.12% (Classic, Platinum), 0.08% (VIP). Mutual Funds: 0.4% (Classic), 0.2% (Platinum), 0.1% (VIP). Charged monthly. |
| Interest on Uninvested Cash | Paid on idle balances. Rates vary by account tier, currency, and market conditions. |
| Negative Balance Interest | Classic: Saxo Ask + 8%. Platinum: +7%. VIP: +6%. Applies when net free equity drops below zero. |
| Margin Financing Interest | Accrues on leveraged positions. Based on Saxo’s floating Bid/Offer + markup. |
| Reporting Fees | USD 50 (or equivalent) per mailed or emailed statement. Includes auditor and third-party requests. |
| Shareholder Voting Fees | Subscription: EUR 30/year + VAT. Per vote: EUR 5 + VAT. |
| Terminated Account Fees | GBP 40/month if account is closed but assets or cash remain. Saxo may liquidate assets to cover charges. |
How to Fund or Withdraw from Your Saxo Bank Account
Saxo Bank clients in Singapore fund and withdraw through a verified bank account in their name.
| Method | Availability | Processing Time | Fees | Conditions / Notes |
| Bank Transfer | All account holders | 1–3 business days (local) | Your bank may charge | Required for first deposit. Transfers must come from a personal account. |
| Up to 5 days (international) | Third-party transfers are rejected. | |||
| Debit Card | Individual accounts only | Instant (after approval) | No fees from Saxo Bank | Only unlocked after the first successful bank transfer. Not available for ISA. |
| Withdrawals | Verified accounts only | T+1 if before 14:00 CET | No fees from Saxo Bank | SMS confirmation required. Transfers only to pre-approved bank accounts. |
| T+2 if after 14:00 CET | Corporate clients need manual approval for withdrawals. |
How to Deposit Funds to Saxo Bank
- Log in to SaxoTraderGO, SaxoInvestor, or SaxoTraderPRO.
- Open the main menu and select Deposit & Transfer or Deposit Funds.
- Choose Bank Transfer. A debit card is only selectable after your first deposit has cleared.
- Select Local Bank Details to avoid extra fees.
- Enter your Saxo account ID as the payment reference. Leave this out and expect a delay.
- Complete the transfer from your personal bank account.
- Allow up to 3 business days for local transfers or up to 5 for international transfers.
How to Withdraw Funds with Saxo Bank
- Log in to your Saxo Bank platform and go to Menu → Withdraw Funds.
- Select the account to withdraw from.
- Enter the withdrawal amount and select the currency.
- Choose your linked, verified bank account from the dropdown.
- Not listed? Upload supporting documents to register it first.
- Click Transfer to initiate the withdrawal.
- A one-time SMS code will be sent to confirm your request.
- Withdrawals requested before 14:00 CET are processed for the next business day (T+1).
- Anything submitted after that is processed on T+2.
Saxo Bank Learning Tools and Market Research for Singapore Traders
| Tool | Description | Purpose for Traders |
| 📝 On-Demand Courses | Topic-based modules (under 20 minutes) with quizzes. Covers Forex, CFDs, bonds, futures, options. | Helps traders build product-specific knowledge without wasting time on irrelevant content. |
| 🎥 Platform Video Guides | Task-specific walkthroughs. Includes how to place trades, manage risk tools, and use screeners. | Makes it easier to understand platform features before trading with real capital. |
| 📡 Saxo Market Call Podcast | Weekly macro commentary hosted by Saxo Bank’s strategy team. | Gives traders a market-wide view in under 20 minutes. Available on most major podcast platforms. |
| 🎤 Live Webinars (Saxo Investing Sessions) | In-depth sessions on bonds, futures, trading psychology, and strategy building. | Offers expert insight into how different market instruments behave and how to approach them tactically. |
| 🧠 Daily Market Research & Insights | Research across equities, Forex, bonds, commodities, and options. Includes charts and analyst opinions. | Useful for traders looking to follow macro trends or stay informed on sectors or technical setups. |
| 🤖 SaxoStrats Commentary | Strategy content from Saxo’s in-house team, including macro and asset-specific views. | Helps traders navigate market momentum with technical and fundamental input. |
| 🎥 Expert Videos | Interviews and market briefings with CEOs, strategists, and fund managers. | Gives deeper context on sectors, stocks, and global trends. |
| 🛠️ Bite-Sized Ideas | Short trade ideas and strategy breakdowns (e.g. covered calls, income plays, technical trades). | Offers tactical inspiration for experienced traders without the fluff. |
| 📊 TradingView Integration | Connects Saxo Bank accounts to TradingView for trading and charting. | Adds extra charting power and social trading without losing Saxo pricing or execution. |
| 📝 MultiCharts Support | Advanced platform integration for chartists and algo traders. | Ideal for technical traders who use scripting and backtesting tools. |
| ⏺️ OpenAPI for Excel | Excel integration for order execution, live data, and margin monitoring. | Useful for automating trade ideas, running P&L dashboards, or managing positions in bulk. |
| 🛠️ Risk Management Training | Video guides and modules on stop orders, exposure reports, and account-wide protection. | Helps traders manage account drawdowns, avoid margin calls, and understand position sizing. |
Saxo Bank Promo Offers: What’s Available for Singaporeans?
Singapore-based clients have access to Saxo Bank’s promotions, but only if they’re actively trading or referring others. The perks are in trading volume, referrals, and account upgrades.
If you’re consistent and trade in decent size, you’ll benefit. If you only plan to dip in occasionally, don’t expect much back.
Saxo Rewards
This is Saxo Bank’s loyalty programme. It’s tied directly to your trading activity and account level. You earn points by placing trades, funding your account, or referring others. As your point total increases, so do your benefits, ranging from improved pricing to faster customer service.
| Account Tier | Benefits |
| Classic | Entry-level access with standard pricing and full use of Saxo Bank’s platforms. No minimum deposit needed. |
| Platinum | Lower trading costs across multiple products, improved response time from support, and multi-currency sub-accounts. Usually reached by trading more or depositing over £200,000. |
| VIP | Deepest pricing discounts, personal service, access to SaxoStrats, and direct lines to senior experts. Requires high volume or £1 million+ funding. |
Referral Offer
If you refer someone who opens and funds a Saxo Bank account, you both receive £500 in commission credits. The person referred must use your referral link and complete the process without dropping off halfway.
The credits can be used across stocks, ETFs, bonds, and funds. Forex, CFDs, and FX options are excluded from this benefit. Once the referral is confirmed, Saxo Bank applies the commission credits automatically at the end of each trading day.
Saxo Bank Affiliate Opportunities in Singapore
Saxo Bank offers a tightly focused affiliate programme that isn’t open to just anyone. If you’re based in Singapore and have an audience that’s genuinely engaged with finance, trading, or investment topics, this programme could be worth considering.
The focus is on quality traffic, not volume for volume’s sake. Saxo Bank works with content creators, publishers, and networks that truly understand capital markets.
Affiliate Networks
Saxo Bank accepts affiliate partners who bring infrastructure, and not just traffic. This is for Singaporeans who manage a platform that delivers performance-based results across email, paid ads, or lead-generation funnels.
What’s offered:
- Custom tracking tools to attribute conversions accurately.
- Access to affiliate managers who understand campaign metrics.
- Regular reporting to monitor performance in detail.
- Flexible support based on how your audience engages.
- Commissions that scale with referred client tiers.
Lead Generation Specialists
If your audience is made up of traders or investors who convert, and you have the data to back that up, Saxo Bank might allow you to join. The team looks for partners who focus on quality leads, not scattergun traffic.
What’s offered:
- Tailored onboarding with one-on-one contact from Saxo Bank’s affiliate desk.
- Monthly payouts based on successful client verification.
- Regional targeting and localisation support.
- Real-time tracking dashboards with clear attribution.
- Scalable payout structure based on client type.
Finance-Focused Influencers
This isn’t influencer marketing in the loose sense. Saxo Bank wants partners who know the industry and can speak to their audience with credibility. If you create content around financial markets and have a focused, engaged following, there’s room at the table.
What’s offered:
- Access to Saxo Bank’s compliance-checked content support.
- Dedicated affiliate links with real-time data tracking.
- Clear referral payouts with no hidden deductions.
- Priority consideration for campaigns tied to market events.
- Personalised support based on your platform’s format and reach.
Commission Model
Payouts are fixed and depend on the type of client referred. This isn’t a percentage-based setup. One verified client who meets the criteria will earn a one-time flat fee.
- VIP client: €600.
- Platinum client: €400.
- Classic client: €200.
- Referrals are tracked via a dashboard with full reporting.
- Monthly payout cycle once verification is confirmed.
How to Contact Saxo Bank Support from Singapore
| Customer Support | Saxo Bank Customer Support |
| ⏰ Operating Hours | 24/5 support available during global trading hours. Support hours may vary slightly depending on region. Singapore clients can expect weekday availability aligned with market hours. |
| 🔊 Support Languages | English is supported across all global regions. Other languages include French, Dutch, German, Italian, Czech, Japanese, and Mandarin, depending on office location. |
| 👥 Live Chat | Available through the Saxo platform interface. Live chat is responsive during market hours and is handled by trained support staff, not bots. |
| ☎️ Email Address | Singapore: [email protected] Other regions have dedicated local addresses based on office location. |
| 🏆 Telephonic Support | Yes. In Singapore, you can call +65 6303 7788. Phone support is available during business hours and connects to Saxo Capital Markets Pte. Ltd. |
| 📍 The overall quality of Saxo Bank Support | Support is professional and product-knowledgeable, with fast response times during active trading hours. Human support is available via chat, phone, and email. Corporate clients can expect more personalised service depending on account tier. |
Saxo Bank Achievements: Global and Asia-Specific Awards
Saxo Bank continues to build its reputation across Asia, with recent awards highlighting client support, platform strength, and value for experienced traders.
| 🗓️ Year | 🏅 Award Title | 🌍 Event / Notes |
| 2025 | Best Broker for Experienced Investors | Investing in the Web – Asia |
| 2025 | Best Customer Support | Investing in the Web – Asia |
| 2024 | Best Broker for Experienced Investors | Investing in the Web – Asia |
| 2025 | Best Online Trading Services | ADVFN International Financial Awards |
| 2025 | Best CFD Broker | Good Money Guide |
Saxo Bank ESG and Corporate Responsibility Initiatives
Since 2022, the ESG strategy has been integrated into daily operations, covering everything from platform infrastructure to the electricity behind it. Saxo Bank treats ESG as an evolving discipline.
Targets and reporting are reviewed regularly to measure what’s working and identify what needs improving.
Investors have complete control over how they apply ESG principles. Saxo Bank provides filters, research, and product insights so users can build portfolios aligned with personal convictions.
Our Take on Saxo Bank for Singapore-Based Investors
Saxo Bank offers Singapore-based investors a strong multi-asset platform with no minimum deposit to get started. The tiered account system gives high-volume traders lower fees, but even the entry-level Classic account includes full platform access and global product coverage.
Regulation under MAS adds confidence, and the mix of local support, SGD funding, and integrated tools makes Saxo Bank stand out from offshore brokers.
Commissions are competitive if you’re active, but less so for those placing occasional trades. Bond investors and ETF traders will benefit most from Saxo’s pricing structure and research access.
Overall, Saxo Bank is a versatile, safe, and competitive option for Singaporean traders.
Key Advantages and Drawbacks of Saxo Bank
| 🟢 Pros | 🔴 Cons |
| MAS-regulated with client funds held in segregated accounts | High deposit thresholds for Platinum and VIP tiers |
| Full access to global markets across all major asset classes | Custody and reporting fees apply across account levels |
| No minimum deposit required for Classic individual account | Manual order fees are steep, especially for assets already tradable online |
| Tiered pricing with tighter spreads and lower commissions as you scale | No Islamic account available for Sharia-compliant investors |
| Three proprietary platforms catering to investors and active traders | Commission structure and fees can be complex to navigate |
| 24/5 customer service with live human support |
Saxo Bank Review Detailed Summary
| 🔍Broker | 🥇Saxo Bank |
| 🔢Established Year | 1992 |
| ⌛Regulation and Licenses | Danish FSA, Danish FSA in UAE, Danish FSA in Brazil, Danish FSA in Czech, FCA, MAS, FINMA, CONSOB, Japan JFSA, Hong Kong FSC, ASIC, Dutch Central Bank and Authority for Financial Markets in the Netherlands, National Bank of Belgium and Financial Services and Market Authority, Banque de France and Autorite Marche Financial |
| 4️⃣Ease of Use Rating | 4/5 |
| 🎁Bonuses | ✅ Yes, Saxo Rewards, Referral Program |
| ⏰Support Hours | 24/5 |
| 📊Trading Platforms | SaxoTraderGO, SaxoTraderPRO, |
| 🗂️Account Types | Classic, Platinum, VIP |
| 💷Base Currencies | 18 currencies |
| 📝Spreads | From 0.4 pips |
| 📈Leverage | 1:30 |
| 💶Currency Pairs | 185+; major, minor, and exotic pairs |
| 💵Minimum Deposit | 0 SGD / 0 USD |
| 💴Inactivity Fee | None |
| 🗣️Website Languages | English, Danish, French, Thai, Chinese, Italian, Polish, Russian, Japanese, etc. |
| 💸Fees and Commissions | Spreads from 0.4 pips; commissions from $0 on Mutual Funds |
| 🤝Affiliate Program | ✅ Yes |
| ❌Banned Countries | United States |
| 🌟Scalping | ✅ Yes |
| ➡️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds |
| 🚀Open an Account | 👉 Click Here |
Source List for Saxo Bank Singapore Review
- Saxo Bank Official Website
- Monetary Authority of Singapore (MAS)
- FIX API
- TradingView
- ARK Innovation
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Frequently Asked Questions About Saxo Bank
Saxo Bank operates in Singapore under a full MAS licence. It provides access to global markets through its local entity, Saxo Capital Markets Pte Ltd. Client funds are kept in segregated accounts.
Client money is held in segregated accounts, as required by MAS and other regulators. Saxo Bank is fully licensed and audited.
You can trade listed options on equities, indices, and futures with tools for strategy analysis and access to over 20 exchanges.
Support is available 24/5 through phone, email, and live chat within the platform. Singapore’s direct line is +65 6303 7788.
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Saxo Bank offers video guides, on-demand courses, live webinars, podcasts, and daily insights tailored for different products and strategies.
Saxo Bank Singapore offers access to stocks, ETFs, options, bonds, futures, commodities, forex, mutual funds, and CFDs across more than 120 markets.
Saxo Bank applies a ±0.25% markup on the forex spot rate when converting currency for trades or transfers.
Cards can’t be used for the first deposit, must match your name, and are limited to individual accounts after initial bank funding clears.
Saxo Bank provides SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO, each built in-house for different levels of trading experience.
Saxo Bank offers Classic, Platinum, and VIP accounts for individuals and corporates, plus a demo and professional account option if eligible.
Fees vary by account type and product. Expect tiered commissions, platform financing costs, and custody charges depending on what you trade.
There’s no minimum deposit to open a Classic individual account. Platinum starts at £200,000 and VIP at £1 million.
SGX shares are tradable, but you’ll need to ensure your account is SGD-funded or enable currency conversion for smoother execution.
SaxoInvestor and SaxoTraderGO work on browser and mobile, while SaxoTraderPRO is for desktop users needing advanced tools.
Commissions start from $0.005 per share, or 0.03% depending on product and account tier. Fee breakdowns are published in full.
There’s no inactivity fee, but custody fees apply: 0.12% for Classic and Platinum, 0.08% for VIP. Mutual funds cost more.
Withdrawals are done online and go only to verified bank accounts. Requests before 2 pm CET are processed for the next business day.
Trade rejection usually happens when there’s insufficient margin, incorrect order type, or if your classification restricts the product.
You’ll need to submit proof of identity, proof of address, tax details, and a trading experience questionnaire during signup.
You must start with a bank transfer from an account in your name. Debit card top-ups unlock after that.
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