Saxo licence record
Is Saxo regulated by the SFC?
Yes, according to our records. Saxo is matched to a licence from the Securities and Futures Commission (Hong Kong). Confirm it on the register before relying on it.
What the SFC licence means
According to our records, Saxo holds a licence from the Securities and Futures Commission (SFC), the financial regulator for Hong Kong. We classify the SFC 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 SFC-regulated entity, the key protections are: compensation — Investor Compensation Fund does not cover leveraged OTC FX; retail leverage — 20:1 on FX for retail; negative balance protection — not a regulatory requirement (may be offered contractually); client money — Client money held in segregated accounts. Disputes can be taken to Financial Dispute Resolution Centre (FDRC).
Saxo is also matched to licences from ASIC, FCA, FINMA, JFSA, MAS, AFM and Finanstilsynet (DK). Note that clients outside Hong Kong 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
- Investor Compensation Fund does not cover leveraged OTC FX
- Retail leverage
- 20:1 on FX for retail
- Negative balance protection
- Not a regulatory requirement
- Client money
- Client money held in segregated accounts
- Complaints
- Financial Dispute Resolution Centre (FDRC)
How to verify this licence
- Open Saxo's client agreement or website footer and note the exact company name and SFC licence number.
- Search that name or number on the official SFC 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 SFC warnings page and IOSCO I-SCAN for the brand name.
Saxo's other licences
Frequently asked questions
Is Saxo regulated by the SFC?
Our database records Saxo as holding a licence from the Securities and Futures Commission. Confirm the current status on the SFC register: https://apps.sfc.hk/publicregWeb/searchByName
Does the SFC licence protect all Saxo clients?
No. It protects clients whose account is with the specific Saxo company licensed by the SFC. 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 SFC?
Investor Compensation Fund does not cover leveraged OTC FX
What leverage can Saxo offer under the SFC?
20:1 on FX for retail