BrokerSafari Evidence Score
This is an evidence-based editorial calculation, not a guarantee of safety, an account test or an investment recommendation. It uses only the structured research recorded for this broker, never another website’s rating.
- BrokerSafari Evidence Score
- 7.8 / 10 — Good
- Evidence confidence
- medium
- Evidence coverage
- 73.5%
- Assessed quality score
- 8.1 / 10
- Evidence-gap penalty
- −0.3
- Score before caps
- 7.8 / 10
- Calculated score after caps
- 7.8 / 10
- Regulation & Legal Entity
- Weight 30%; coverage 66.7% (2/3 inputs). Quality 8.3 / 10; 24.9 / 30 weighted points before normalization and penalties.
- Safety & Client Protection
- Weight 20%; coverage 50% (2/4 inputs). Quality 8.0 / 10; 16 / 20 weighted points before normalization and penalties.
- Transparency
- Weight 15%; coverage 100% (4/4 inputs). Quality 8.6 / 10; 12.9 / 15 weighted points before normalization and penalties.
- Fees & Trading Costs
- Weight 10%; coverage 100% (4/4 inputs). Quality 7.5 / 10; 7.5 / 10 weighted points before normalization and penalties.
- Deposits & Withdrawals
- Weight 10%; coverage 60% (3/5 inputs). Quality 7.5 / 10; 7.5 / 10 weighted points before normalization and penalties.
- Trading Platform & Products
- Weight 10%; coverage 100% (4/4 inputs). Quality 7.9 / 10; 7.9 / 10 weighted points before normalization and penalties.
- Track Record & Independent Evidence
- Weight 5%; coverage 50% (1/2 inputs). Quality 8.0 / 10; 4 / 5 weighted points before normalization and penalties.
Quality uses only assessable inputs. Entirely unassessed categories are excluded and remaining category weights are normalized; missing evidence is not zero quality. Coverage separately measures assessed input weight out of 100%. A gap penalty of 0.0, 0.3, 0.7 or 1.2 is applied before regulatory caps. Source strength affects confidence, not a direct multiplication of the quality score.
Rating cap
None.
Why this score?
Verified strengths
- Regulation & Legal Entity — Account-serving legal entity: partially verified. Partial verification only; unresolved scope remains an evidence gap.
- Regulation & Legal Entity — Relevant financial regulation: partially verified. Only the documented relevant entity/permission is verified, not every group licence or account.
- Trading Platform & Products — Platform identity and clarity: partially verified. Partial verification only; unresolved scope remains an evidence gap.
Provider-disclosed evidence
- Safety & Client Protection — Client-money segregation: disclosed.
- Safety & Client Protection — Investor-protection coverage: partial. Partial coverage is disclosed; independent account eligibility is not established.
- Transparency — Company transparency: high.
- Transparency — Legal-document transparency: high.
- Transparency — Regulatory-disclosure transparency: high.
- Transparency — Contact transparency: medium.
- Fees & Trading Costs — Spread transparency: medium.
- Fees & Trading Costs — Commission transparency: medium.
- Fees & Trading Costs — Overnight-fee transparency: medium.
- Fees & Trading Costs — Live trading-cost testing/corroboration: provider disclosed only.
- Deposits & Withdrawals — Deposit and withdrawal fee transparency: medium.
- Deposits & Withdrawals — Payment-method transparency: medium.
- Deposits & Withdrawals — Withdrawal-term transparency: medium.
- Trading Platform & Products — Mobile availability: disclosed.
- Trading Platform & Products — Trading-product transparency: medium.
- Trading Platform & Products — Platform testing: provider disclosed only.
Supplementary independent evidence
- Track Record & Independent Evidence — Independent-source documentation: medium.
Evidence gaps
- Regulation & Legal Entity — Regulatory warnings and enforcement: unassessed.
- Safety & Client Protection — Negative-balance protection: unassessed.
- Safety & Client Protection — Security controls: unassessed.
- Deposits & Withdrawals — Independent withdrawal testing/corroboration: unassessed.
- Deposits & Withdrawals — Verified withdrawal findings: unassessed.
- Track Record & Independent Evidence — Operating history: unassessed.
- A relevant entity/regulator relationship is verified; other group licences and account-specific coverage remain unresolved.
Verified concerns
No verified adverse finding is recorded in these inputs. This is not a clean bill of health or continuous monitoring.
Broker Overview
Saxo is a multi-asset investment and trading brand that operates through separate legal companies. The provider states that the relevant customer agreement depends on country of residence; group-level information should not be substituted for the company named in an individual account agreement.
The FCA register identifies Saxo Capital Markets UK Ltd under FRN 551422. Saxo’s official licensing page separately states that Saxo Bank A/S is a Danish bank with licence 1149. These are distinct companies and the two records are not interchangeable.
Saxo’s current public platform page presents SaxoTrader for web, mobile and desktop. SaxoTraderGO and SaxoTraderPRO are legacy names in older material and should not be assumed to be separate current offerings without checking the local platform page.
Regulation
The FCA’s official register identifies Saxo Capital Markets UK Ltd under FRN 551422 and states that its permissions are specific to activities and product types. Confirm the current record and permission scope for the service being considered.
Saxo’s licensing page states that Saxo Bank A/S is incorporated in Denmark under company number 15731249 and licence 1149. This is preserved as a provider disclosure because this review did not independently match that entry in a live Finanstilsynet record.
This is not a complete regulator-by-regulator review of every Saxo company. Warning and enforcement status outside the cited records remains unknown; that is not a finding that no warnings or actions exist.
Legal Entity & Jurisdiction
Saxo Capital Markets UK Ltd
| Legal entity | Saxo Capital Markets UK Ltd |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Licence / reference | FRN 551422 |
| Jurisdiction | United Kingdom |
| Client type | Not available in the cited record; check the local account agreement. |
| Record status | The FCA register identifies this firm as authorised for specific activities and product types; check the current permission scope. |
| Evidence type | Regulator record |
| Source | FCA Financial Services Register — Saxo Capital Markets UK Ltd |
| Last checked |
Saxo Bank A/S
| Legal entity | Saxo Bank A/S |
|---|---|
| Regulator | Danish Financial Supervisory Authority (Finanstilsynet) |
| Licence / reference | Licence 1149; company registration 15731249 |
| Jurisdiction | Denmark |
| Client type | Not available in the cited record; check the local account agreement. |
| Record status | Saxo’s licence page discloses this licence; current activities and status should be confirmed with Finanstilsynet. |
| Evidence type | Provider disclosure |
| Source | Saxo — licences and regulation |
| Last checked |
Broker brands may operate through multiple companies. The applicable regulator, permissions, products, client protections and complaint route depend on the legal entity named in the account agreement and the customer’s jurisdiction. A group company’s licence does not automatically apply to another company.
License Information
Saxo Capital Markets UK Ltd
- Legal entity
- Saxo Capital Markets UK Ltd
- Regulator
- Financial Conduct Authority (FCA) (United Kingdom)
- Licence type
- FCA firm reference number
- Licence identifier
- FRN 551422
- Licence status
- The FCA register identifies this firm as authorised for specific activities and product types; check the current permission scope.
- Evidence status
- The FCA register names Saxo Capital Markets UK Ltd and FRN 551422. The record applies to this UK company and its stated permissions, not to every Saxo entity.
Saxo Bank A/S
- Legal entity
- Saxo Bank A/S
- Regulator
- Danish Financial Supervisory Authority (Finanstilsynet) (Denmark)
- Licence type
- Bank licence stated by Saxo
- Licence identifier
- Licence 1149; company registration 15731249
- Licence status
- Saxo’s licence page discloses this licence; current activities and status should be confirmed with Finanstilsynet.
- Evidence status
- Saxo’s official licensing page identifies Saxo Bank A/S, company registration 15731249 and Danish licence number 1149. This page records the provider disclosure and does not treat it as an independently matched regulator-register result.
A licence or firm number applies to the named legal entity and the activities listed in its regulator record. It does not establish that the same company serves all Saxo customers or that every product is covered.
Company Information
| Brand | Saxo. |
|---|---|
| UK legal entity identified | Saxo Capital Markets UK Ltd. |
| UK company number | 07413871, as listed in the FCA record. |
| Danish entity disclosed | Saxo Bank A/S; Saxo states company registration 15731249. |
| Account entity | Depends on country of residence; confirm in the customer agreement. |
| Group ownership and financial assessment | Not independently assessed for this review. |
Trading Platforms
Saxo’s current international platform page describes SaxoTrader as an advanced platform for web, mobile and desktop. Product access and functions may differ by country, account and customer classification. BrokerSafari did not install or test the software.
SaxoTraderGO and SaxoTraderPRO are older platform names found in historical material. The current platform page reviewed for this article uses SaxoTrader; readers should check the local provider page and account portal for current naming and availability.
| Current provider page | SaxoTrader for web, mobile and desktop. |
|---|---|
| Historical names | SaxoTraderGO and SaxoTraderPRO are not treated here as separate current products. |
| Options and multi-asset access | Provider describes access through SaxoTrader; instrument and account availability varies by jurisdiction. |
| Testing | No independent installation, usability, uptime, execution or security test was conducted. |
Trading Products
Saxo’s product pages describe access to listed options, stocks, ETFs, bonds, funds, futures, forex and CFDs. The exact instruments and legal form of a product depend on the market and the customer’s entity. A page in one country is not proof of availability elsewhere.
| Listed options | Saxo describes options on stocks, indices and futures; confirm local exchange and account access. |
|---|---|
| Other markets | Provider pages describe securities, funds, futures, forex and CFDs; this is not a guarantee of global availability. |
| Ownership | Rights depend on the instrument; a CFD is not ownership of the underlying asset. |
| Country eligibility | Must be confirmed through the local Saxo site and customer agreement. |
Trading Conditions
Account access, margin, product eligibility and trading permissions can depend on residence, customer classification and product. Saxo describes account tiers and conditions on regional pages; a minimum deposit, margin level or feature from one market should not be applied globally.
For listed options, Saxo’s UK materials describe separate client margin profiles and restrictions on writing options. Review the applicable options risk disclosure, margin schedule and account profile before trading. No orders were placed for this review.
Fees
Saxo publishes charges, commissions and margin schedules, but its pricing depends on market, instrument, account tier and country of residence. The provider directs customers to current platform pricing and trade tickets for applicable amounts; this review does not present one global spread or commission as universal.
Compare the relevant instrument’s commission, spread, exchange or market-data charge, financing, currency conversion, custody and payment costs. Minimum or example prices do not establish the total cost of a trade.
Deposit & Withdrawal
Saxo’s international charges page states that Saxo does not charge deposit or withdrawal fees, while payment intermediaries may charge. That provider statement should not be treated as a universal funding schedule: methods, currencies, limits and processing depend on the country and account.
Check the funding instructions shown for the exact legal entity and account, including payment-recipient name, withdrawal destination, conversion and intermediary charges. BrokerSafari did not make a deposit or withdrawal.
Research Summary
This review draws on the FCA record for Saxo Capital Markets UK Ltd and Saxo’s official licensing, platform, product, account and pricing pages accessed on 21 October 2026. The UK regulatory record is distinguished from the provider-disclosed Danish licence information.
No account was opened. We did not test platform reliability, order execution, spreads, customer support, funding or withdrawals, and we did not conduct an exhaustive warning or enforcement search across all Saxo entities.
The BrokerSafari Evidence Score is calculated from the structured evidence recorded on this page. It summarizes documented research and evidence gaps; it is not a measure of investment performance, suitability or safety guarantee.
Safety / Regulation Analysis
The FCA record cited here applies only to Saxo Capital Markets UK Ltd and its permission scope. Saxo’s stated Danish licence applies to Saxo Bank A/S. A customer should identify the contracting company in the account documents before relying on any regulator, investor-protection or client-money statement.
Saxo’s legal pages describe protections applicable to particular entities and eligible assets. This review has not independently assessed the rules or eligibility for every country, customer classification or asset. Do not interpret an entity’s regulatory status as protection against investment losses.
The warning and enforcement status of entities not covered by the cited records remains unknown. Check current regulator notices and the exact account entity. Investments can lose value; leveraged products can cause rapid losses.
What We Verified and What Remains Unverified
We matched Saxo Capital Markets UK Ltd to the FCA register and recorded Saxo Bank A/S licence information as a provider disclosure. We reviewed current Saxo pages for platforms, products, pricing and legal information.
- The legal entity that would serve a specific reader.
- Every Saxo company’s current regulator permissions and warning status.
- Live spreads, commissions, execution, support and withdrawal performance.
- Country-specific product eligibility, margin, protection and funding terms.
Related Broker Research
Evidence Reviewed
Related broker research
Related trading guides
FAQ
The FCA register identifies Saxo Capital Markets UK Ltd under FRN 551422. Saxo’s official licensing page also states that Saxo Bank A/S holds Danish licence 1149. These are separate companies; verify the entity and permissions in your account agreement.
It depends on your country of residence and the service offered. Saxo states that customer agreements are made with the relevant local entity; confirm the company named before funding an account.
The current Saxo platform page reviewed here presents SaxoTrader for web, mobile and desktop. SaxoTraderGO and SaxoTraderPRO are legacy names in older materials; check the local Saxo site for current availability.
Saxo’s UK product page describes listed options on stocks, indices and futures. Product access, exchanges, margin profiles and eligibility depend on the local entity and account.
Saxo publishes schedules that vary by instrument, country and account tier. Check the current local pricing page and platform trade ticket; this review does not claim one universal fee.
Saxo’s international charges page says it does not charge these fees, but payment intermediaries may. Methods and terms vary by account and country; confirm the current local schedule.
No. This review uses public sources and does not claim a live account, pricing, execution, support or withdrawal test.