Is Saxo regulated?
Trying to find out whether Saxo is regulated? Not sure which authorities are overseeing Saxo and why this matters?
Rest assured, the lack of regulation at Saxo is not a reason for worry. Our brokerage experts have determined that Saxo is a fully regulated broker, overseen in Denmark, UK, France, Italy, Switzerland, Singapore, Japan, Hong Kong, Australia. We gathered all the information on the regulatory profile of Saxo and will explain why this matters.
I have personally tested several brokers globally and I am familiar with the regulatory and licensing procedures of at least a dozen financial authorities globally. Here are my key insights into the regulatory status of Saxo as of December 2024:
- Saxo is regulated by several authorities of which at least one is top-tier, which is vital for safeguarding your money.
- Saxo must separate client funds/assets from its own operations; this makes all the difference for the safety of your investments.
- As Saxo is regulated by several authorities, it is super important that you open an account with an entity that has top-tier regulation.
- Explore the services of Saxo in our comprehensive Saxo review for 2025 and browse other top-tier regulated brokers with our unique Find My Broker tool.
62% of retail CFD accounts lose money
Saxo has top-tier regulation
Think of a broker with strict regulatory oversight like a lifeguard at the beach. Just as the lifeguard keeps you safe in the water, offering immediate help when you need it, brokers operating with top-tier regulation protect your investments. They make sure your investments are secure and handled with integrity and transparency.
Saxo operates in several countries and is supervised by the following financial authorities:
- EU and some international clients - Danish Financial Services Agency (FSA)
- UK - Financial Conduct Authority (FCA)
- France - French Prudential Supervisory Authority (ACPR)
- Italy - Commissione Nazionale per le Società e la Borsa and Bank of Italy
- Switzerland - Swiss Financial Market Supervisory Authority (FINMA)
- Singapore - Monetary Authority of Singapore (MAS)
- Japan - Japanese Financial Services Authority (FSA)
- Hong Kong - Hong Kong Securities and Futures Commission (SFC)
- Australia - Australian Securities and Investments Commission (ASIC)
- Brazil - Danish Financial Services Agency (FSA), Bank of Brazil
Why does all this matter? We are contacted by an alarming number of people who ended up working with unregulated brokers and they share with us some sad and frightening stories. Here’s an example.

Marco invested a substantial amount using what appeared to be a credible online trading platform. Initially, his investments showed gains, and he was able to make several withdrawals without issues. Encouraged, he increased his investments, but when he tried to withdraw some profits after a successful trade, his requests went unanswered, and customer service became unreachable. Further investigation revealed the broker was not regulated by any financial authority. Eventually, the platform vanished overnight, taking John's investments with it, leaving him with no recourse to recover his funds.
Choosing a broker with top-tier regulation means you're in safe hands. This level of strict oversight ensures that your investments are protected, you're getting fair pricing, and trading conditions are transparent and favorable.
Client fund segregation: your ultimate safeguard
As a broker with top-tier regulation, Saxo is legally required to keep the funds and assets of its clients separate from its own money. This is a game changer in terms of the safety of your investments.
Client fund segregation is like having your money in a separate safe from Saxo’s own cash. Thus, if your broker ever runs into financial trouble, your funds won't be touched to settle their debts - they're entirely off-limits. It’s a crucial setup because it protects your money, ensuring that what you’ve invested stays secure and accessible only to you. This segregation is a requirement imposed by top-tier regulators and not something you can request your broker to do. You will only have access to this safety net if your broker has the appropriate regulation.
In the highly unlikely event that Saxo commits fraud and uses client assets for its own purposes, you can still recover your money if you have access to investor protection.
Saxo Bank operates globally through different entities. This matters because the amount of investor protection you're eligible for differs from entity to entity.
Country of clients | Protection amount | Regulator | Legal entity |
---|---|---|---|
Most European countries | €100,000 for cash, €20,000 for securities | Denmark's FSA | Saxo Bank A/S |
UK | £85,000 | Financial Conduct Authority (FCA) | Saxo Capital Markets UK Limited |
France | €100,000 cash and €20,000 securities | ACPR (Autorité de Contrôle Prudentiel et de Résolution) and AMF (Autorité des marchés financiers) | BinckBank N.V. French Branch (Saxo Banque) |
Switzerland | CHF 100,000 | Swiss Financial Market Supervisory Authority (FINMA) | Saxo Bank Schweiz AG |
Italy | €100,000 cash and €20,000 securities | Commissione Nazionale per le Società e la Borsa and Bank of Italy | BG Saxo SIM SpA |
Belgium | €100,000 cash and €20,000 securities | Financial Services and Markets Authority (FSMA), National Bank of Belgium | BinckBank N.V. Belgium Branch |
Netherlands | €100,000 cash and €20,000 securities | Authority for the Financial Markets (AFM), Dutch Central Bank | BinckBank N.V. |
Czechia | €100,000 cash and €20,000 securities | Danish Financial Services Agency (FSA), Czech National Bank | Saxo Bank A/S Czech Republic |
United Arab Emirates | No protection | Central Bank of the UAE | Saxo Bank A/S |
Singapore | No protection | Monetary Authority of Singapore | Saxo Capital Markets Pte Ltd |
Japan | No protection | Japanese Financial Services Authority (FSA) | Saxo Bank Securities Ltd |
Hong Kong | HKD 500,000 for securities, no protection for cash | Securities and Futures Commission in Hong Kong | Saxo Capital Markets HK Limited |
Brazil | €100,000 cash and €20,000 securities | Danish Financial Services Agency (FSA), Bank of Brazil | Saxo Bank do Brasil Escritório de Rep. Ltda |
Australia | No protection | Australian Securities and Investments Commission (ASIC) | Saxo Capital Markets (Australia) Limited |
Saxo Bank provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union and some other countries from the MENA (Middle East and North Africa) region. Professional clients are not covered by negative balance protection.
Choose your brokerage entity smartly
Since Saxo is regulated by multiple authorities, it's crucial to open an account with an entity that has top-tier regulation. This ensures your investments are always protected under the highest standards.
Whenever possible, avoid signing up with entities that are regulated in off-shore countries such as the Seychelles, the Bahamas, St. Vincent and Grenadine, etc. While you may have access to a much higher level of leverage for your trades, this is extremely risky and you run a much higher risk of losing all your invested money.
In addition, rules and regulations imposed by regulators in these countries are typically less severe, potentially damaging the safety of your investments. If you are offered the option to choose which entity you open an account with, go with the one that operates under a stricter regulator.
Get to know Saxo better and browse other top-tier regulated brokers
For detailed insights into trading conditions, costs, and service quality at Saxo, check out BrokerChooser's Saxo review for 2025. All our broker reviews are based on the analysis of nearly 600 data points and direct experience. When we review a broker, we go hands-on by opening a real-money account and trading on its platforms, giving us a complete view of what it offers and how it performs.
The BrokerChooser team has personally tested and reviewed more than 100 brokers globally, all of which have top-tier regulation. All our experience and expertise is included in the Find My Broker tool. Simply answer a few questions and get a personalized broker list.
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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.