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Frequently asked questions

Is Saxo Bank regulated?
Yes. Saxo Bank is regulated by Danish FSA, FCA, MAS, FINMA. The license number is Danish FSA. You can verify the license on the relevant regulator's official register.
What is Saxo Bank's minimum deposit?
The minimum first deposit on Saxo Bank is $0. Some account types may have higher minimums — check the broker's official site for the latest figures.
Is Saxo Bank safe to trade with?
Saxo Bank operates under Danish FSA, FCA, MAS, FINMA regulation and has been in operation since 1992. Always verify the current license status on the regulator's public register before depositing, and only deposit funds you can afford to risk on leveraged products.
Does Saxo Bank accept US clients?
No. Saxo Bank does not currently accept US-resident clients due to US regulatory requirements (CFTC/NFA).
What is Saxo Bank's maximum leverage?
Maximum leverage on Saxo Bank is 30:1 retail / 200:1 pro. Retail leverage caps vary by jurisdiction — clients under tier-1 regulators (FCA, ASIC, CySEC) are capped lower than offshore-regulated clients.
Does Saxo Bank support MetaTrader 4 / MT5?
No. Saxo Bank runs on its own proprietary platforms instead of MetaTrader.
What platforms does Saxo Bank offer?
Saxo Bank offers trading via SaxoTraderGO web/mobile, SaxoTraderPRO desktop. Each platform has its own desktop and mobile versions where applicable.
How long do Saxo Bank withdrawals take?
Saxo Bank withdrawal processing time depends on the method: card withdrawals are typically same-day, e-wallets within 24 hours, and bank wires within 1–5 business days. KYC verification must be completed first.
Does Saxo Bank charge withdrawal fees?
Saxo Bank typically does not charge for withdrawals to your original deposit method. Some payment processors or banks may apply their own fees outside the broker's control. Check the broker's payment terms for current details.
Can I open a demo account with Saxo Bank?
Yes. Saxo Bank offers a free demo account with virtual funds so you can test the platform, practice strategies, and explore available markets before committing real capital.