Saxo Bank

What Saxo Bank does

Saxo Bank A/S is a Danish (EU)-licensed and regulated bank headquartered in Hellerup (Copenhagen), founded in 1992 by Kim Fournais, that operates as a multi-asset online trading and investment platform serving over 1.5 million clients globally across 13+ jurisdictions in EMEA and APAC. The company runs a dual-platform architecture — SaxoInvestor for retail investors seeking simple portfolio management in stocks, ETFs, mutual funds, and bonds, and SaxoTrader for active and professional traders requiring advanced tools, margin trading, and access to derivatives (options, CFDs, forex, futures, commodities) — both accessed through a single account spanning 40+ global exchanges. Underlying technology includes an OpenAPI for third-party integration, Banking-as-a-Service infrastructure for institutional partners, and a cloud-native stack recognized by CNCF for GitOps and declarative automation.

The business serves three primary customer segments: retail investors, active/professional traders, and institutional partners including External Asset Managers (EAMs), Multi-Family Offices (MFOs), and white-label partners (over 400 institutional partners and 120+ white-label arrangements). Revenue is generated through transaction-based trading commissions (e.g., EUR 2 per Euronext stock trade, USD 1 per US stock trade, EUR 0.75 per EUR stock option contract), recurring platform fees from institutional partners, and usage-based interest income from margin financing and stock lending — with no platform fees, inactivity fees, or minimum initial funding requirements for retail clients. Saxo holds an A- credit rating from S&P Global Ratings and client deposits are protected up to EUR 100,000 via the Danish Guarantee Fund.

In March 2026, J. Safra Sarasin Group completed acquisition of approximately 71% of Saxo Bank for approximately EUR 1.1 billion (adjusted from EUR 1.609 billion following a ~$50 million AML fine by the Danish FSA in January 2026), with founder Kim Fournais retaining ~28% and transitioning to Chairman, and Daniel Belfer (formerly CEO of Bank J. Safra Sarasin) becoming CEO. The combined entities now manage over $460 billion in assets. Client assets under management reached EUR 115 billion (USD 158.8 billion) in early 2026, representing approximately tenfold growth since 2017, while headcount stood at 2,652 across 30+ global locations following the integration.

Name

Saxo Bank

Legal name

Saxo Bank A/S

Website

https://home.saxo

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Saxo Bank is a Danish (EU)-licensed bank operating multi-asset online trading and investment platforms (SaxoInvestor and SaxoTrader) serving 1.5M+ retail and professional clients, with EUR 115 billion in client assets, 400+ institutional partners, and 120+ white-label arrangements across 30+ global locations.

Ownership category

akta.pro rank

Product category

Online Brokerage

NAICS

Investment Banking and Securities Intermediation (52315), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221), National Commercial Banks (6021)

akta.pro primary industry

Wealth Lending & Margin / Securities-Backed Lines (Retail) (FSAAAAAN)

Keywords

• Online trading platform
• Multi-asset brokerage
• Investment banking services
• Wealth management solutions
• Margin trading services

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Trading Commissions: Commission-based revenue from trading stocks, options, bonds, and other financial instruments across global exchanges. Low commissions for all asset classes with no platform or inactivity fees.
2. Institutional Partner Services: Revenue from institutional clients including EAMs, MFOs, and white-label partners through platform fees and trading commissions. Over 400 institutional partners and 120+ white-label arrangements.
3. Stock Lending: Interest earned from stock lending services where customers lend securities to market participants, with interest accrued daily and paid monthly.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Saxo Bank is a licensed and regulated Danish bank that operates an online multi-asset trading and investment platform giving retail and professional clients access to global financial markets across stocks, ETFs, mutual funds, bonds, options, CFDs, forex, futures, and commodities via two platforms (SaxoInvestor for simple investing, SaxoTrader for advanced trading). It also delivers Banking-as-a-Service infrastructure, OpenAPI, and white-label technology to more than 400 institutional partners including External Asset Managers, Multi-Family Offices, and other financial institutions.

Product overview

Saxo Bank operates as a multi-asset investment and trading platform with two main platforms: SaxoInvestor (a simple investing platform for beginners) and SaxoTrader (an advanced trading platform for professionals). Both platforms offer access to the same product range including stocks, ETFs, mutual funds, bonds, options, CFDs, forex, futures, and commodities. The company also provides tiered services including Saxo Elite for high-net-worth clients and Professional Status for eligible traders seeking lower margin rates. Additional services include stock lending for earning income on holdings, margin financing accounts, and integration with third-party tools like TradingView. The platform serves over 1.5 million clients globally and manages over EUR 115 billion in client assets.

Differentiator

Problem solved

Functional benefit

Brands

• SaxoTrader: Advanced trading platform with full product range, margin trading, and complex tools. Previously known as SaxoTraderPRO and SaxoTraderGo, now unified under SaxoTrader.
• SaxoInvestor
• Saxo Elite

Products and services

• SaxoInvestor

Quantifiable outcome

• 10x growth in client assets from 2017 to 2026
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

One partnership is on record.

• TradingViewcoreChannel Partner/ Reseller/ DistributorSaxo Bank is available as a broker on TradingView's platform, enabling TradingView users to execute trades through Saxo's infrastructure. The partnership expands Saxo's distribution to TradingView's global user base of active traders.

Scale indicators7 records

Recent moves7 records

Expansion highlights7 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/saxobank
• Facebookfacebook.com/saxobank
• LinkedInlinkedin.com/company/saxo-bank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saxo Bank