Saxo is an FCA-authorised broker (reference #551422) established in 1992, offering UK retail traders access to 71,000+ across FX, indices, commodities, shares and more. Headline pricing on Saxo starts at 0.4 pips on major FX pairs with commission Tiered from Classic to VIP, minimum funding from £500, and regulated retail leverage capped at 1:30 (retail). Client money at Saxo is held in segregated accounts at UK banks and eligible claims are covered by the FSCS up to £85,000, which is the baseline every UK trader should look for before funding an account. This review covers what Saxo is, who Saxois built for, how Saxo prices its most-traded markets, which platforms Saxo runs, and the honest pros and cons of choosing Saxo today.
Our recommendation of Saxo rests on what Saxo does especially well: full investment bank, not just a cfd desk, 71,000+ instruments including bonds, options, futures and institutional-grade saxotraderpro desktop. On the pricing side, Saxosits comfortably inside the FCA-regulated peer group on EUR/USD and the FTSE 100 cash index, and Saxo publishes its rate card transparently rather than hiding costs inside a widened spread. On the platform side, Saxo supports SaxoTraderGO, SaxoTraderPRO, Saxo Mobile, so both discretionary and system traders are covered. In short, Saxo is a strong fit for wealth-focused traders and multi-asset portfolios, and this page lays out exactly why Saxo earns its rank of #4 of 12 on the Amazing Reviews leaderboard.
Every headline number about Saxo on this page is cross-referenced against the FCA Register entry for Saxo and the broker's public UK pricing pages. Where Saxo publishes a rate card, it is quoted verbatim; where a real-world execution outcome differs from the headline spread, both are shown so a UK trader can decide on Saxo with full context. Screenshots below are from the Saxo UK entity at home.saxo, not an international parent, so what you see is what a UK applicant will land on when opening an account with Saxo. The scorecard near the foot of the page rolls the individual pillar scores for Saxo, pricing, execution, platforms, product breadth, research, funding and support, into the single editorial rating of 4.7 out of 5.
