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Saxo Bank review: Indian share trading account

Get access to more than 19,000 global stocks.

Saxo Bank A/S is a fully licensed Danish bank and comes under the broad banner of the global giant, Saxo Group. Serving clients in over 120 countries, Saxo Bank A/S adheres to strict regulatory requirements in 15 jurisdictions, including Denmark, the UK and Singapore.

Since its inception, Saxo Bank have been one of the premier share trading solutions for investors and traders alike. Its trading platform is known for its top-quality trading tools and for having some of the lowest fees when it comes to global share trading. In 2019, it won Finder’s Best International Share Trading Account award.

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Minimum Opening Balance

Stocks, ETFs, Funds, Options, Futures, Bonds, Commodities, Cryptocurrencies, Forex, CFDs

What you can trade?

Email, Phone

Types of support


Disclaimer: General information only. All forms of investments (and in particular, trading CFDs, commodities and forex) carry significant risk, including the risk of losing more than the invested amounts, market volatility and liquidity risks. Past performance is no guarantee of future results. Such activities are not suitable for most investors.

Quick verdict

Good for
  • Global access
  • Rewards for active traders
  • Educational resources and tools
Not so great for
  • Proprietary trading platform

What are the key features of Saxo Bank share trading?

Are you thinking of opening a share trading account with Saxo Bank? If you are then the key features listed in this review will help you make a final decision as to whether it’s the right broker for you.

Market data

Traders who choose Saxo can buy and sell shares based on live market data supplied by each individual stock exchange. If you want real-time market data, you will need to subscribe to data services offered by individual exchanges, something that can be easily done through its online trading platform. Within the platform, you’ll find an online subscription tool with a list of the available exchanges and news services, alongside each set of fees you must pay in order to access them. It’s all there in one place.

Market research and analysis

Opening a Saxo Bank account allows you to access the Stock Screener, which allows you to analyse fundamental data and explore stocks on 36 global exchanges. You can also access news, trade views and analysis from Saxo’s team of experts via its new and improved market analysis hub,

Analysis tools within the trading platform include an equity research tool that provides access to future estimates, analyst data and technical analysis tools to help you keep track of stock movements on clear and customisable charts.

Choice of trading platforms

SaxoTraderGo is a user-friendly, web-based trading platform ideal for traders of all levels.

SaxoTraderPRO is a desktop application designed for professional traders, offering a fully customisable interface with advanced trading tools.

With two trading platforms available, traders preferring large desktop screens can access share markets via Saxo’s downloadable software. On the other hand, those who trade on-the-go, on multiple mobile devices can choose the SaxoTraderGO web-browser and mobile app platform. Both platforms give the trader full access to all asset classes and a range of instruments, through your single share trading account.

Watchlist functionality

You can create customised watchlists in your Saxo Bank share trading account to easily track the performance of stocks you are interested in.

Go to Saxo's website

What markets can I access with a Saxo Bank share trading account?

When you open an account with Saxo Bank, you can access more than 19,000 global stocks on 37 of the world’s stock exchanges. You’re able to buy NASDAQ and NYSE shares, as well as a whole raft of international shares across both established and emerging markets.

Some of the exchanges where you can buy and sell shares in companies include the following:

  • Singapore Exchange
  • Australian Securities Exchange
  • London Stock Exchange
  • New York Stock Exchange
  • Deutsche Borse (XETRA)
  • Milan Stock Exchange
  • Hong Kong Exchange
  • Tokyo Stock Exchange

While this particular Saxo Bank review focuses on share trading, you’re actually opening a multi-asset account which also enables you to trade the following financial instruments:

  • Forex
  • CFDs
  • ETFs and ETCs
  • Futures
  • Bonds

What account types are available for Saxo Bank share trading?

There are a number of account types and account levels available to traders opening a share trading account with Saxo Bank. Depending on your personal circumstances, you’re able to open one of the following account types:

  • Individual account
  • Corporate account
  • Joint account
  • Professional account

Within the above account types, there are also three account levels available:

  • Classic. For retail share traders and investors. The minimum deposit is US$10,000 for Individual account and US$100,000 for Corporate account depending on your country of residence.
  • Platinum. For active share traders and investors. The minimum deposit is US$200,000 and the account features tighter spreads and commissions, and priority local-language customer support.
  • VIP. For high volume share traders and investors. The minimum deposit is US$1,000,000 and the account features VIP pricing, a personal relationship manager and a dedicated sales trader always just a call away.

What types of customer support is available from Saxo Bank?

Saxo Bank provides a wealth of information online to help you get more out of your share trading account. The dedicated support centre features a long list of frequently asked questions and answers, while customers can also access trading articles and guides, video tutorials and a range of events and seminars. In addition, you have the option of visiting The academy, a separate website full of videos, courses, quizzes and guides to help further your trading knowledge.

If you ever need help with your account or a specific transaction, a chat feature is available on both trading platforms. You may also create support tickets for your queries through the platform’s Contact Support menu.

What fees are charged when using Saxo Bank?

There is no fee to open a share trading account with Saxo Bank however you’ll need to pay brokerage fees on each trade you place. These commission amounts vary based on the exchange you are using and on whether you are a Standard or Active trader (an Active trader is someone who places more than 100 trades per month).

The table below outlines some of the minimum commissions that may apply.

ExchangeStandard traderActive trader
London Stock Exchange0.10% (minimum 8 GBP)0.07% (minimum 7 GBP)
NASDAQ and New York Stock Exchange0.02 USD per share (minimum 10 USD)0.015 USD per share (minimum 7 USD)
Deutsche Borse0.10% (minimum 10 EUR)0.07% (minimum 8 EUR)
ASX0.10% (minimum 8 AUD)0.07% (minimum 8 AUD)
Hong Kong Exchange0.15% (minimum 100 HKD)0.12% (minimum 80 HKD)
Singapore Exchange0.15% (minimum 25 SGD)0.12% (minimum 20 SGD)
Tokyo Exchange0.15% (minimum 1,500 JPY)0.12% (minimum 1,000 JPY)

How do I pay for shares on a Saxo Bank share trading account?

Saxo Bank offers Indian customers the following ways to fund your share trading account:

  • Bank transfer
  • Portfolio transfer

Be aware that due to anti-money laundering regulations, third party funding is not accepted by Saxo Bank. Any failed transfers or funds transferred to accounts that are not yet fully verified, will see funds returned minus incurred bank fees (if any).

What are the pros and cons of using Saxo Bank?


  • Global access. Saxo Bank provides access to 19,000 stocks on 37 global stock exchanges, allowing you to take advantage of investment opportunities all around the world.
  • Rewards for active traders. Traders that place more than 100 trades per month receive lower commissions than Standard traders.
  • Educational resources and trading tools. From the Saxo Academy and online Support Centre to its extensive range of stock analysis tools, Saxo Bank offers plenty of options for you to improve your trading knowledge and decisions.
  • Low-risk account available. With Saxo Essential, you losses can’t exceed the funds available in your account.


  • No MetaTrader 4. Saxo Bank does not support MetaTrader, the world’s most popular trading platform.

How do I apply for a Saxo Bank Share Trading account?

If you’d like to open a share trading account with Saxo Bank and start trading, click one of the ‘go to site’ buttons on this page to be redirected to the Saxo Bank website. There you will be able to begin an online application.

You can apply online or request a paper-based application form. During the application process you will need to provide some of the information included below, but not limited to:

  • Your full name
  • Your email address and phone number
  • Your date of birth
  • Proof of ID
  • Details about your net worth
  • Your choice of primary account currency
  • Your nominated bank account details

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Saxo Bank share trading frequently asked questions

Important information: Powered by This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. 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 most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.

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