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Saxo Markets Ireland Review

Find out what we thought of Saxo's Ireland platform.

Since it was founded in 1992, Saxo Markets has provided an online platform for trading stocks, shares, contracts for difference (CFDs) and foreign exchange (forex) around the world—including Ireland.

This review will cover Saxo’s trading platforms in Ireland, including their fees and features, to help you decide if Saxo is the right broker for you.

warning iconWarning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
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Minimum Opening Balance

Stocks, ETFs, Options, Futures, Bonds, Currencies, CFDs, Commodities, Cryptocurrencies

What you can trade?

Email, Phone



How does Saxo Markets work in Ireland?

By providing access to global financial markets, cutting-edge trading tools and industry-leading expertise, Saxo equips ordinary investors in Ireland with the same tools as professional traders. It currently offers two online platforms to help you do so: SaxoTraderGO and SaxoTraderPro.

Both these platforms have risk management tools, immediate trade execution and a support centre to deal with your enquiries.

Benefits of investing with SaxoTraderGO

  • Convenient option to use on-the-go.
  • Use across multiple devices like your mobile, tablet and laptop.
  • Grants access to news feeds, market data, economic releases and live charting tools.
  • A fast interface that’s easy to use for quick trades.

Benefits of investing with SaxoTraderPro

  • Offers comprehensive tools for professional investors in Ireland.
  • Allows you to customise your trading platform to make it right for you.
  • Provides advanced charts, technical indicators, instrument views and in-chart annotations.

What can I invest in with Saxo Markets?

Is Saxo safe to use in Ireland?

Saxo Markets is one of the most respected names in online trading and investment.

Saxo Markets users in Ireland use Saxo Markets International, a fully licensed European bank that is supervised by the Danish FSA. It is therefore generally considered well-regulated and safe to invest with.

Saxo Markets account types

Saxo Markets has three main accounts for you to choose from. Here are the accounts available to users in Ireland.

  • Saxo account
  • Saxo Corporate account
  • Saxo Professional account

Saxo account

This is Saxo’s general personal investment account. With Saxo, you can access over 40,000 financial instruments across two trading interfaces. You can also benefit from competitive entry prices, competitive commissions, and tighter spreads.

Corporate account

Saxo’s Corporate account grants you access to the same instruments as the standard Saxo account. However, on top of this, you also get dedicated one-to-one support from one of Saxo’s expert account managers.

Professional account

If you’ve got the relevant experience, you might be able to request for Saxo Markets to waive regulatory protections that are on the standard account.
To qualify, you must meet at least two of the following criteria:

  • Have a portfolio that exceeds €500,000
  • Have placed at least 10 trades in significant sizes over the last four quarters
  • Work, or have worked, in the financial sector for at least a year

Protections which are waived

There are protections that will be waived from your Saxo account.

  • Leverage restrictions. You are able to trade with increased leverage.
  • Negative balance protection. Should your account fall into a negative balance, you are obliged to make additional payments. This means that your losses can exceed your deposits.
  • Product restrictions. You have no product restrictions imposed on you.
  • Standardised risk warnings. As you already understand the risks, you may not be provided with any standardised risk warnings.

Saxo account tiers

There are three Saxo Account tiers, each with different features. You are placed into a tier based on how much funding is in your account.


Minimum funding: USD 10,000 worth

  • Tight entry prices
  • Digital service and support
  • 24/5 technical and account support


Minimum funding: USD 200,000 worth

  • Up to 30% lower prices
  • Digital service and support
  • 24/5 technical and account support
  • Priority local language customer support


Minimum funding: USD 1,000,000 worth

  • Saxo’s best prices
  • Digital service and support
  • 24/5 technical and account support
  • Local-language personal relationship manager
  • Access to trading experts
  • 1:1 SaxoStrats access
  • Event invitations

Saxo Markets fees and charges in Ireland

StocksFrom $3 on US stocks
CommoditiesFrom $1.25 per lot
ETFsFrom $3 on US-listed ETFs
FuturesFrom $1.25 per lot
BondsFrom 0.05% on government bonds
Listed optionsFrom $1.25 per lot

Saxo Markets pros and cons


  • Platforms are easy to use and can be accessed conveniently
  • Protection tools for beginner investors in Ireland
  • Tight spreads and low commissions
  • A huge range of financial instruments available


  • The minimum investment amount is USD 10,000 worth
  • Different fees for varying financial instruments, account tiers and exchanges may get confusing

Bottom Line

Ultimately, Saxo Markets is a respected broker in Ireland offering a range of investment products at competitive prices. It offers tons of helpful features for its users including investment screeners and educational webinars. However, while its platforms are very user-friendly, Saxo Market’s minimum investment amount worth USD 10,000 is relatively higher than that of other brokers in the market.

At the end of the day, you should consider your trading goals and needs before using the information above to decide if Saxo Markets is the right broker for you.

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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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