62% of retail investor accounts lose money when trading CFDs with this provider
- Experts rate Saxo Singapore highly for its broad market access and advanced trading platforms, noting that it caters well to serious retail and professional traders. The platform is praised for its user-friendly interface and comprehensive educational resources, although higher trading costs for Classic accounts and stringent funding criteria for account upgrades are mentioned as drawbacks.
- Across 137 user reviews on Good Money Guide, averaging 4.2/5, customers frequently commend the platform's user-friendly design, extensive market access, and responsive customer service. However, some users express frustration with payment processing issues and account registration challenges, while many highlight the platform's advanced tools and educational materials as significant advantages.
Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Saxo Singapore across five key areas of our review framework.
- Pricing4.5
- Market Access5.0
- App & Platform5.0
- Customer Service4.5
- Research & Analysis4.0
Pros
- Broad market access backed by investment bank roots
- User-friendly and feature-rich platform
- Comprehensive education resources
Cons
- Higher trading cost for Classic trading accounts
- High funding or trading criteria for account upgrades
See full expert review
Our verdict
Saxo Singapore is best suited for serious retail and professional traders who want institutional-grade tools, broad global access, and premium service, though some features remain reserved for high-net-worth clients. Saxo Markets Singapore is a subsidiary of Danish investment bank Saxo Bank, a global brokerage firm founded in 1992. The Singapore branch was established in 2006, serving as the APAC regional headquarter. The company is regulated by the Monetary Authority of Singapore (MAS).
Who are Saxo, and what do they do in Singapore?
Saxo positions itself as a leading capital markets service provider backed by its advanced financial technology. Its trading platform offers access to a wide range of asset classes, including stocks, ETFs, bonds, derivatives and more.
Market access
Compared to other brokers in Singapore, Saxo Markets offers broader market access, owing to its investment bank roots. Clients can trade across multiple asset classes, including stocks, ETFs, commodities, bonds, cryptocurrencies, bonds, and derivatives - such as options, forex, and CFDs, totalling more than 71,000 instruments.
Pricing
Saxo’s trading costs differ depending on account types- Classic, Platinum, and VIP accounts - the higher the account tier, the lower the fees. Spreads on major FX pairs can be as low as 0.4 pips for VIP accounts, compared to 0.6 pips for Classic accounts. Cash interests apply to the VIP accounts as well.
However, there is funding criteria to be qualified as a higher-tier account. If clients want to be in a higher tier account upon account open, a Platinum account requires funding of SGD 300,000, and SGD 1,500,000 for a VIP account. Alternatively, clients can also be upgraded based on trading volume, which accumulates points towards higher-tier status.
Platforms
There are three trading platforms available for retail clients – SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO. The SaxoInvestor platform is a web platform with basic functionality.
The most popular platform is the SaxoTraderGO, suitable for all levels of clients. The platform offers access to all asset classes, with product categories on top. It is clean, user-friendly interface with a default dark theme. It offers comprehensive charting tools, news & analysis section, an in-built economic calendar, dedicated client education content and access to live webinars.
What is the SaxoTraderGo trading platform like?
For advanced traders, the SaxoTraderPro provides high-performance tools with in-depth market analysis features. This is particularly for full-time and professional traders who require fast execution, more real-time market data. The platform supports Algorithmic orders and allow editing orders on charts. It also offers one-click switching for options trading across FX and stocks.
SaxoTraderPro’s order ticket
Research & Education
Saxo Markets Singapore offers regular webinars featuring CFDs, FX, futures, commodities, ESG investing and more to clients. I have to say the educational support is among the most systematic and well-structured available in the brokerage industry.
Additionally, there are timely market news and analysis, a podcast series for “Money Matters,” and basics for an investor/trader, such as platform guide, margin and leverage, and risk management.
Customer Service
Client services are available 24/5 on its trading platforms through live chat, a phone call or messages. However, most common queries can be also resolved quickly using the search function within the platform, which offers self-help options.
No wealth management services
Saxo Singapore has discontinued its SaxoWealthCare and SaxoSelect wealth management products for clients in the country.
The bank and trading platform will no longer offer its SaxoWealthCare and SaxoSelect solutions in Singapore from 10 December onwards.
Following the discontinuation of the products, Saxo Singapore has also extended different alternatives to clients. These include both options within and outside of Saxo’s offerings.
“Saxo Singapore regularly reviews our product offering and has come to the difficult but necessary decision to discontinue our wealth management offering,” the statement added.
“In this transitional period, our top priority is to ensure clients receive the support they require."
The update comes as Saxo Bank has reportedly attracted acquisition bids from investors and rival platforms, including Interactive Brokers.
Denmark-headquartered Saxo has seen interest from bidders such as Interactive Brokers Group, Bloomberg reported earlier this month.
Other parties interested in acquiring the firm include a consortium of Altor Equity Partners and Centerbridge Partners, which have submitted a non-binding bid.
On 2 October the bank rolled out its SaxoInvestor service for UK clients, providing access to more than 70,000 global instruments including stocks, ETFs, bonds and mutual funds.
Saxo also launched a US election trading hub in October, providing new clients access to commission-free trading of the most 100 popular US stocks.
Saxo Bank currently oversees around $120 billion of client assets globally, with its UK branch growing assets to around £2 billion last year.
Customer reviews for Saxo
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 137 reviews
- Excellent54%
- Very good19%
- Basic18%
- Poor7%
- Bad2%
Read customer reviews
Solid
Saxo is a safe, reliable broker with a vast offering of securities.
complete
A comprehensive investment platform offering a vast array of investment products to trade and invest in. The platform has a professional look and feel. It also includes research, third party news coverage as well as provides education and own research. For a long-term investor, not sure you could ask for much more.
Helpful
Provides retail investors with a great trading platform and access to global financial markets 24hrs a day. Also Saxo is entirely professional and they are always there to help if ever needed.
Slick
Everything
Professional
Straight forward, simple to use, fast response to requests and commands. Excellent analysis of markets, trends, opportunities.
Brilliant
Great platform, excellent breadth of markets and reasonably priced.
Brilliant
Most instruments to choose from.
Lowest fees.
Best support.
Efficient
Friendly and good with advice
Best
Trading, investment, savings and all
Excellent
I find Saxo's app easy to use, very clear on fees, and supported by great customer service
Superb platform
Quality of platform, tools and investment information. Stability of site and clear informative interface.
Good UX, technical tools and insights
Charting and data
Good
Good
Helpful
The platform and good service when needing to speak with someone
One stop shop
Great platform
Reliable and Quick Broker App
Saxo Bank is a privately owned Danish investment bank specializing in online trading and investment. The bank provides access to a broad range of financial instruments, including Forex, stocks, CFDs, futures, funds, bonds, and futures spreads, through its proprietary online trading platforms in its App.
I am satisfied with the "SAXO BE INVESTED" App, indeed and have been using that in Hungary for years.
Good luck by the SAXO App all of you in 2026!
Comprehensive
Provides excellent investment information, very competitive trading fees, simple trading process and good access to shares from a range of countries
Flexible
Breadth of investment products, costs, speed
slick
Great platform and app
User-friendly
The platform is very user friendly and visually easy to navigate. There is a lot of interesting educational material. Has a good range of options for different instruments.
Tina was a Market Analyst at CMC Markets from 2015 to 2024, providing client education, market commentary, and media presentations. She specializes in technical analysis and market fundamentals. Tina believes financial markets comprise a vast area reflecting economies, politics, history, psychology, and philosophy. As a result, her analysis is based on her interpretation of a specific country’s economic and historical background, alongside investor sentiment and behaviour.
Tina’s expertise has garnered recognition, with her commentary frequently quoted by reputable sources like Bloomberg, CNBC, Routers, WSJ, and AFR. Her insights span a diverse spectrum, covering various financial domains, including stock markets, foreign exchange, commodities, and cryptocurrencies. Previously, she also spent significant time with China Central Television. This experience allowed her to develop a deep understanding and insight into China’s economics and business.
