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Saxo Bank regulation

Across a hundred brokers, the licence is what separates the field fastest. Here is Saxo Bank's regulatory record in full.

Facts last checked . Read the full Saxo Bank review.

Regulation and safety

Regulated by
Danish FSA; FCA; ASIC; FINMA; MAS; JFSA; SFC Hong Kong; DFSA; AMF/ACPR and other European regulators
Regulator tier
Tier 1
Register entry
Danish Financial Supervisory Authority register
Client money segregated
Yes
Held at
Segregated bank/custodian accounts with regulated financial institutions
Negative balance protection
Yes, retail clients
Compensation scheme
Danish DGS: cash deposits up to €100,000 and unreturned securities up to €20,000
Audited by
Deloitte
Not available to
United States, Canada and sanctioned/restricted jurisdictions, plus countries where Saxo does not offer retail accounts

Check the licence yourself: the FCA Register, ASIC Connect, the MAS Financial Institutions Directory, the SFC public register, the DFSA public register.

What this means

Across a hundred brokers, the licence is what separates the field fastest.

Saxo Bank holds tier-one authorisations from ASIC, FCA, MAS and FINMA. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

The DFSA regulates from the Dubai International Financial Centre, a separate legal jurisdiction from the wider UAE.

Client money is held separately from the firm's own money, at Segregated bank/custodian accounts with regulated financial institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by Danish DGS: cash deposits up to €100,000 and unreturned securities up to €20,000, which pays eligible clients up to its limit if the firm fails owing client money.

Questions about Saxo Bank regulation

Who regulates Saxo Bank?

Saxo Bank is regulated by Danish FSA; FCA; ASIC; FINMA; MAS; JFSA; SFC Hong Kong; DFSA; AMF/ACPR and other European regulators.

Is client money segregated at Saxo Bank?

Yes. Saxo Bank holds client money separately from its own funds, at Segregated bank/custodian accounts with regulated financial institutions.

Does Saxo Bank offer negative balance protection?

Yes. Saxo Bank offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.

Regulation at brokers under the same regulator

More about Saxo Bank