Open an Account - FAQs
You can apply for an account online using the pop-up account application right now, or we can email you the Client Application Form to complete at your leisure. In either case, you must send us the original signed form through the mail (along with the additional documentation requested on form).
Saxo Bank will then validate your application and contact you when your account is open. This normally takes two working days from when Saxo Bank receives your application. To speed the up the process, you can also send us a copy of your application via e-mail or fax. Saxo Bank will then process your application while waiting for your original signed copies to arrive by mail.
Saxo Bank will notify you by email as soon as your account is open.
Click here to apply for an account now.
What is the minimum account size?
The minimum initial deposit when opening an account with Saxo Bank is USD 2,000 for a private Saxo MiniTrader account and USD 10,000 for a SaxoTrader account.
You can select many currencies as the base currency of your account and all transactions will be converted back to the base currency of your account.
How do I fund my account?
Saxo Bank accepts fund transfers through many major financial institutions around the world. Click here to find an appropriate financial institution for you.
Please note that Saxo Bank does not accept any third party payments.
What are your trading costs and spreads?
Full details of our trading costs, commissions and charges for all the products can be seen in our Commissions, Charges and Margin Schedule.
What products will I be able to trade?
Saxo Bank offers a range of trading products, including:
- Forex — competitive margin trading on 160+ Forex currency crosses. We offer a full range of Forex investment products including spot Forex on live tradable prices, options and forwards
How do I trade Saxo Bank's Products?
All Saxo Banks products can be traded together through our SaxoTrader trading platform. In addition to live trading and direct access to your account, SaxoTrader offers a wealth of trading information such as real-time FX quotes, charts and analysis from our own in-house analysts to help you make successful trading decisions.
Read more
How secure is trading through SaxoTrader?
SaxoTrader authentication relies on an a RSA 1024-bit key generated and stored on the client workstation and data traffic between SaxoTrader and the Bank is encrypted using a RC4 128-bit session key. SaxoTrader provides a highly secure trading environment using state-of-the-art encryption for communications with the Bank.
What service will I receive as a client of Saxo Bank?
Even though most trading is done online, we take pride in the level of personal service that we offer our clients. As a new client, you are assigned an Account Executive when you first open an account to help you to get trading as quickly as possible. Your Account Executive will act as your primary contact person with the bank and can be contacted through the online chat facilities available through SaxoTrader, by telephone or email.
Read some of our testimonials referring to the quality of service that we offer.
What regional support is available from Saxo Bank?
Saxo Bank also has international desks to take care of specific countries and languages. Saxo Bank currently has desks specifically for Europe, Middle East, East Asia, China, Eastern Europe, Latin America and Spain. Saxo Bank currently supports over 72 languages and the list is growing.