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Saxo Bank

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Saxo Bank Review: Pros and Cons of Saxo Bank

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Introduction to Saxo Bank

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Team Dominance Over The Cobbles! | E3 Saxo Bank Classic Highlights 2022

Saxo Bank is a Danish investment bank specializing in online trading and investment. It was founded as a brokerage firm in 1992, under the name Midas Fondsmæglerselskab, by Lars Seier Christensen, Kim Fournais and Marc Hauschildt. The name was changed to Saxo when the company obtained a banking license in 2001. Saxo offers trading through its online platforms in Forex, stocks, CFDs, futures, funds, bonds and futures spreads. The company functions as an online broker with a bank license, without offering traditional banking products. According to Saxo, roughly half of its activities are derived from partnerships with institutional trading partners. More than 100 financial institutions globally service their end clients with Saxo Bank's platforms on White Label basis
  • Ownership 

  • Business model 

  • 1990s: Midas Fondsmæglerselskab 

  • 2000s: Name change and banking license 

  • Global expansion and acquisitions 

  • 2010 growth 

  • Transparency initiatives 

  • Australia 

  • Saxo Privatbank 

  • SaxoSelect 

  • Controversy following Swiss franc cap removal 

  • Takeover by Geely 

  • Corporate headquarters and architecture 

  • Sponsorships 

  • Completion of FSA review and independent investigation 

  • Criticism of the Danish FSA