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Saxo Bank in Saudi Arabia — review, licence and costs
Score (5 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%35
- Round-turn cost20%80
- Payouts15%no data
- Track record10%100
- Platforms10%30
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with Saxo BankThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Saudi Arabia residents
- Global Saxo entity
- Local standing
- Regulated broker
- Licence as the register states it
- Not stated for SA
- Leverage for this entity
- Not stated for SA
- The firm behind it
- Danish multi asset bank
- What we hold against it
- No Saudi red flags shown
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Saudi residents enters the score.
Not stated for SA
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youRegulated broker
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Saudi Arabia market median(priced from 70 of 80)
Medians run over the 70 of 80 brokers that publish a price for Saudi Arabia, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Individual joint corporate. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Saxo Bank sits in the Saudi Arabia base(80 brokers)
Round-turn cost, USD (70 of 80 priced)
Median 6.6 USD · range 1.5-20 · this broker 9 USD · 10 of 80 brokers do not publish it
Minimum deposit, USD (5 of 80 priced)
Median 5 USD · range 0-200 · 75 of 80 brokers do not publish it
Retail leverage (58 of 80 with a Saudi Arabia figure)
Median 1:500 · range 1-5000 · 22 of 80 brokers do not publish it
Withdrawal time published (80 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| Bank transfer card | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 0 local rails)
Bank transfer card
- Bank transfer card
- Account currency
- SAR plus major currencies
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(10 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- SaxoTraderGO
- SaxoTraderPRO
| Class | Count | Min spread |
|---|---|---|
| SaxoTraderGO | — | 0.9 |
| SaxoTraderPRO | — | 0.9 |
| All instruments | 71000+ | — |
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.7 | 7,458 |
Share of reviewers in Saudi Arabia: — The platform does not publish it.
Pros and cons(2 for and 4 against, each tied to a figure on this page)
- Withdrawal in 24 h, one of 75 of 80 brokers here that publish a time
- Track record 100 of 100, its strongest of 5 scored axes
- Round turn 9 USD on the standard basis, over the Saudi Arabia median 6.6
- No Saudi Arabia authorisation on file: the entity that onboards you is licensed elsewhere
- Platforms 30 of 100, its weakest of 5 scored axes
- Not scored on safety: the broker publishes no figure we could read
Alternatives in Saudi Arabia(5 of 80 scored in Saudi Arabia)
- Round turn, USD
- 7SA
- Min deposit, USD
- 100 groupSA
- Leverage
- 500SA
- Rank in this country
- #11
- Round turn, USD
- 8SA
- Leverage
- 1000SA
- Rank in this country
- #4
- Round turn, USD
- 9SA
- Rank in this country
- #5
- Round turn, USD
- 7SA
- Min deposit, USD
- 0 groupSA
- Leverage
- 1000SA
- Rank in this country
- #6
- Round turn, USD
- 7SA
- Min deposit, USD
- 5 groupSA
- Leverage
- 500 group
- Rank in this country
- #9
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Saudi Arabia score. Full methodology
| Axis | Weight | What is measured | Saxo Bank |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 35 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 80 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | — |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 30 |
FAQ
- Does Saxo Bank accept residents of Saudi Arabia?
- Yes. Regulated broker Onboarding entity: Global Saxo entity
- Is Saxo Bank licensed to serve clients in Saudi Arabia?
- Not stated for SA Checked on 11.10.2026.
- How much does one round turn cost at Saxo Bank?
- About 9.0 USD per standard lot on EUR/USD. The median across brokers measured for Saudi Arabia is 6.6 USD.
- Which trading platforms does Saxo Bank support?
- SaxoTraderGO, SaxoTraderPRO. Instruments: Multi-asset 71000+ instruments
- How can I withdraw money from Saxo Bank in Saudi Arabia?
- Bank transfer card
- What account types does Saxo Bank offer?
- Individual joint corporate
Cost calculator (median of 70 priced of 80)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a SAR conversion because the exchange rate is not part of our data.