Broker check

Is Saxo Bank safe?

Saxo Bank is a broker listed with FCA. Our verdict is Trusted, 8.6 out of 10. Below: what each regulator means for client protection and how to verify.

Trusted

8.6 / 10

Regulators: FCA
FCA: Registered
Basis: Awaiting re-check
Updated: 8 Apr 2026

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What the verdict means

Saxo Bank is rated "Trusted". Verdicts come from a fixed, rule-based model applied identically to every entity.

Strongly Trusted
A strong regulatory basis or track record on the evidence we hold.
TrustedThis record
A reasonable regulatory basis or track record on the evidence we hold.
Proceed With Caution
Mixed or thin evidence, often an offshore licence. Check the register yourself.
Avoid
Serious concerns, such as no regulatory basis or a confirmed closure.

Basis: awaiting a live register re-check. See the methodology for sources.

Who regulates Saxo Bank

Listed regulators from our records. Compact rows with register links:

Financial Conduct Authority

(FCA)

United Kingdom

Major onshore regulatorFCA Financial Services Register Ref: 551422

How to verify this yourself

Take a few minutes to check official registers directly:

01
Open the FCA Financial Services Register at register.fca.org.uk.
02
Search for the firm's name or its Firm Reference Number (FRN). Our record shows reference 551422.
03
Check that the licensed legal entity matches Saxo Bank's account terms and that status is current.
04
Check permissions cover the instruments you plan to trade.

Open the FCA Financial Services Register

Alternatives to Saxo Bank

Comparable brokers with an equal or higher score:

BP Prime

FCA

Strongly Trusted

9.5 / 10

Capital Markets Elite Group

CIMA, FCA

Strongly Trusted

9.5 / 10

City Index

FCA, MAS

Strongly Trusted

9.5 / 10

CMC Markets

CIRO, FCA, FMA

Strongly Trusted

9.5 / 10

The record

Public verification fields held for this entity:

Verdict: Trusted
Score: 8.6 / 10
Regulators listed: FCA (United Kingdom)
FCA register: Registered, reference 551422
FCA warning: None recorded
Record basis: Awaiting a live register re-check
Record updated: 8 Apr 2026

Check the regulator's register before depositing. We take no affiliate commissions from brokers, prop firms or educators, and rated entities cannot be our affiliates. Verdicts are computed from regulator records and are not for sale.

verify.trading provides records and analysis, not investment advice; trading involves significant risk of loss. Absence of a regulatory action is not an endorsement, and absence from a regulator's list is not proof of authorisation.

Saxo Bank: questions answered

Is Saxo Bank regulated?

Our record lists Saxo Bank as regulated by FCA (United Kingdom). Confirm each licence on the regulator's own register, because a listing here is a pointer and not proof.

Is Saxo Bank FCA regulated?

Yes, our record shows Saxo Bank on the FCA register with reference 551422. Check the current status on register.fca.org.uk.