Saxo Bank Group

Logo Forex Broker Trust Score Min. Depo Max. Leverage Spread
Saxo Bank 95 $2000 1:200

Saxo Bank Group is a prominent name in the global financial markets, known for its comprehensive range of online trading and investment services. Established in 1992, it has evolved significantly over the years to become a trusted entity in the realm of financial services.

Ownership and Structure

Saxo Bank is a privately held entity, with notable ownership by Geely Financials Denmark A/S, a subsidiary of Zhejiang Geely Holding Group Co., Ltd, holding a 50.89% stake. Founder and CEO Kim Fournais owns 27.53%, and Sampo Group holds 19.43% of the company. The rest of the shares are held by minority shareholders, including current and former employees.

Business Model

The bank positions itself as a facilitator in financial markets, connecting to major stock exchanges worldwide for listed equities and obtaining liquidity from over 15 large banks for online margin trading in non-listed products. Saxo Bank’s clientele includes both retail and institutional clients, such as banks, brokers, fund managers, money managers, family offices, and private banks. The range of financial instruments offered includes Forex, stocks, CFDs, futures, funds, bonds, and futures spreads.

Historical Perspective

Founding and Early Years

Saxo Bank was initially established as Midas Fondsmæglerselskab by Lars Seier Christensen and Kim Fournais in the early 1990s. It underwent a significant transformation over the years, especially after obtaining a banking license in 2001 and changing its name to Saxo Bank.

Global Expansion and Acquisitions

Throughout the 2000s, Saxo Bank expanded its footprint globally, establishing its presence in several countries and acquiring various entities to strengthen its portfolio. This included the acquisition of Synthesis Bank in Switzerland and Cambiste in France.

Growth and Development

In the 2010s, Saxo Bank continued to grow, launching new platforms and forming strategic partnerships with major global financial institutions. This period also saw the bank win several awards and recognitions, highlighting its commitment to providing top-notch services.

Challenges and Regulatory Compliance

Saxo Bank has faced challenges and regulatory scrutiny, particularly in Australia, where the Australian Securities & Investments Commission imposed extra licensing conditions over risk management practices. This reflects the bank’s continuous evolution in compliance and adherence to global financial regulations.

Commitment to Innovation and Technology

Saxo Bank has consistently stayed ahead in the fintech sector, providing innovative solutions and platforms for trading and investment. It powers over 200 banks and brokers and over 400 financial intermediaries, showcasing its robust technology infrastructure.


Saxo Bank Group stands as a testament to resilience, innovation, and customer-centric services in the financial industry. With a rich history and a forward-thinking approach, it continues to be a key player in the global financial markets.