Is Saxo Bank regulated? Licences and regulators (2026)
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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Yes. Saxo Bank is regulated by 6 authorities: ASIC (Australia), DFSA (Dubai (DIFC)), FCA (United Kingdom), FINMA (Switzerland), MAS (Singapore) and SFC (Hong Kong). 5 of these are tier-1 (major) regulators.
Saxo Bank licences and regulators
| Regulator | Jurisdiction | Tier |
|---|---|---|
| ASIC | Australia | Tier 1 (major) |
| DFSA | Dubai (DIFC) | Tier 2 (established) |
| FCA | United Kingdom | Tier 1 (major) |
| FINMA | Switzerland | Tier 1 (major) |
| MAS | Singapore | Tier 1 (major) |
| SFC | Hong Kong | Tier 1 (major) |
What the tiers mean
Tier 1 covers major regulators with strict capital, segregation and conduct rules (for example FCA, ASIC, CFTC/NFA, BaFin, FINMA). Tier 2 covers established regulators with solid frameworks (for example CySEC, FSCA, DFSA). Tier 3 covers offshore or registration-only regimes with lighter oversight. The tiering is our editorial classification; it is not a statement by any regulator.
Before depositing, check the licence number on the regulator's public register and confirm which Saxo Bank entity will hold your account — protections such as negative balance protection and compensation schemes depend on the entity, not the brand.
Common questions
Is Saxo Bank regulated by the FCA?
Yes — Saxo Bank is licensed by the FCA (United Kingdom).
Is Saxo Bank regulated by ASIC?
Yes — Saxo Bank is licensed by ASIC (Australia).
Is Saxo Bank regulated by CySEC?
No — Saxo Bank is not licensed by CySEC according to our catalogue. Its licences are: ASIC, DFSA, FCA, FINMA, MAS, SFC.
Is Saxo Bank an offshore broker?
No. Saxo Bank holds at least one tier-1 licence, so it is not an offshore-only broker, although it may also operate offshore entities for some regions.
Compare Saxo Bank
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.