Saxo licence record
Is Saxo regulated by the MAS?
Yes, according to our records. Saxo is matched to a licence from the Monetary Authority of Singapore (Singapore). Confirm it on the register before relying on it.
What the MAS licence means
According to our records, Saxo holds a licence from the Monetary Authority of Singapore (MAS), the financial regulator for Singapore. We classify the MAS as tier 1 — top-tier regulation. Strict capital, client-money and conduct rules with active enforcement; usually leverage caps and often compensation schemes.
For Saxo clients whose account is held by its MAS-regulated entity, the key protections are: compensation — No compensation scheme for leveraged FX; retail leverage — 20:1 on major FX pairs for retail investors; negative balance protection — not a regulatory requirement (may be offered contractually); client money — Customer money must be held in trust accounts with approved banks. Disputes can be taken to Financial Industry Disputes Resolution Centre (FIDReC).
Saxo is also matched to licences from ASIC, FCA, FINMA, JFSA, SFC, AFM and Finanstilsynet (DK). Note that clients outside Singapore may be onboarded to a weaker entity (AFM or Finanstilsynet (DK)) instead.
Protection at a glance
- Regulator tier
- Tier 1 — Top-tier regulation
- Compensation scheme
- No compensation scheme for leveraged FX
- Retail leverage
- 20:1 on major FX pairs for retail investors
- Negative balance protection
- Not a regulatory requirement
- Client money
- Customer money must be held in trust accounts with approved banks
- Complaints
- Financial Industry Disputes Resolution Centre (FIDReC)
How to verify this licence
- Open Saxo's client agreement or website footer and note the exact company name and MAS licence number.
- Search that name or number on the official MAS register. Check the status is current, not cancelled or suspended.
- Confirm the website domain you're using (home.saxo) is the one listed on the register — clone firms copy genuine licence numbers.
- Search the MAS warnings page and IOSCO I-SCAN for the brand name.
Saxo's other licences
Frequently asked questions
Is Saxo regulated by the MAS?
Our database records Saxo as holding a licence from the Monetary Authority of Singapore. Confirm the current status on the MAS register: https://eservices.mas.gov.sg/fid
Does the MAS licence protect all Saxo clients?
No. It protects clients whose account is with the specific Saxo company licensed by the MAS. Clients onboarded to a different group entity are covered by that entity's regulator instead.
Is there a compensation scheme for Saxo clients under the MAS?
No compensation scheme for leveraged FX
What leverage can Saxo offer under the MAS?
20:1 on major FX pairs for retail investors