Darwinex vs Saxo: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeDarwinexSaxo
Licence Score60Moderate84Very strong
Strongest licence 1 Tier 1 1 Tier 1
Licences on record28
1 FCA United Kingdom LicensedLicensed
1 ASIC Australia —Licensed
1 JFSA Japan —Licensed
1 MAS Singapore —Licensed
1 FINMA Switzerland —Licensed
1 SFC Hong Kong —Licensed
2 AFM Netherlands —Licensed
2 CNMV Spain Licensed—
2 Finanstilsynet (DK) Denmark —Licensed
Founded20121992
HeadquartersUnited KingdomDenmark
TypeForex & CFD brokerTrading bank
Publicly listedNoNo
PlatformsMT4, MT5Proprietary
Minimum depositUS$500No minimum
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Frequently asked questions

Is Darwinex or Saxo better regulated?

Saxo has the higher Licence Score (84 vs 60), based on the number and tier of licences, operating history and public listing.

Which regulators license both Darwinex and Saxo?

Both are matched to licences from FCA.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.