Is Saxo regulated by the Finanstilsynet (DK)?

What the Finanstilsynet (DK) licence means

Our records show that, Saxo holds a licence from the Danish Financial Supervisory Authority (Finanstilsynet (DK)), the financial regulator for Denmark. We classify the Finanstilsynet (DK) as tier 2 — strong regulation. Credible regulators with real rulebooks, but fewer safeguards than tier 1 (e.g. no compensation scheme or looser leverage rules).

For Saxo clients whose account is held by its Finanstilsynet (DK)-regulated entity, the key protections are: compensation — Guarantee Fund — €100,000 deposits; €20,000 investor protection; retail leverage — 30:1 on major FX pairs (ESMA rules); negative balance protection — mandatory for retail clients; client money — Bank capital and client asset rules. Disputes can be taken to Danish Complaint Board of Banking Services.

Saxo is also matched to licences from ASIC, FCA, FINMA, JFSA, MAS, SFC and AFM. ASIC, FCA, FINMA, JFSA, MAS and SFC are rated higher than the Finanstilsynet (DK) in our methodology, so if you are eligible for those entities you may get stronger protection.

Protection at a glance

Regulator tier

Tier 2 — Strong regulation

Compensation scheme

Guarantee Fund — €100,000 deposits; €20,000 investor protection

Retail leverage

30:1 on major FX pairs (ESMA rules)

Negative balance protection

Required for retail clients

Client money

Bank capital and client asset rules

Complaints

Danish Complaint Board of Banking Services

How to verify this licence

1. Open Saxo's client agreement or website footer and note the exact company name and Finanstilsynet (DK) licence number.
2. Search that name or number on the official Finanstilsynet (DK) register. Check the status is current, not cancelled or suspended.
3. Confirm the website domain you're using (home.saxo) is the one listed on the register — clone firms copy genuine licence numbers.
4. Search the Finanstilsynet (DK) warnings page and IOSCO I-SCAN for the brand name.

Saxo's other licences