Broker review · #8 of 10
Saxo Bank Review: Overview & Rating
Danish bank-grade infrastructure with premium tools — at premium-ish prices.
Last reviewed August 2026 · Fees and features change; always confirm on the broker's own site.
How we scored it
Weighted overall: Fees 30%, ETF range 25%, savings plans 15%, platform 15%, safety 15% — full methodology.
Saxo Bank at a glance
- Regulator
- Danish FSA (systemically important bank)
- Founded
- 1992
- HQ
- Copenhagen, Denmark
- ETF order fee
- From ~€2–3 (tier-dependent)
- Custody fee
- Up to 0.15%/yr (tier-dependent)
- Savings plans
- AutoInvest in select markets
- Fractional shares
- No
What we like
- Systemically supervised Danish bank — top-tier asset protection
- Excellent professional platforms (SaxoTraderGO/PRO)
- Very wide UCITS ETF and global market coverage
- 2024 price cuts made entry tiers far more competitive
What to watch
- Still pricier than neobrokers for small, frequent ETF orders
- Custody fee applies on some tiers
- Platform depth is overkill for a simple monthly world-ETF plan
ETFPanda verdict
You're paying a modest premium for a systemically important bank as your counterparty and genuinely excellent tools. For six-figure portfolios, that trade can be worth it.
Best for: Larger portfolios that value bank-level safety and professional tooling over the absolute lowest fees.
Ratings are ETFPanda's editorial opinion and never for sale. Nothing on this page is investment advice; features, fees and investor protections vary by country of residence. Capital at risk.