Secure online trading
Saxo Bank is a fully licensed and regulated European bank. This means investors know they are trading with a reliable and established provider in an officially regulated environment. Saxo Bank is subject to stringent financial reporting under EU directives and specific regulations regarding client handling.
The European Investment Directive was introduced in 1996, and on 2 May that year, Saxo Bank (then known as Midas) became the first broker in Denmark to gain approval under this directive. In June 2001, the Danish Financial Supervisory Authority approved a banking license and the company officially became Saxo Bank.
Saxo Bank ownership
The major shareholders of Saxo Bank A/S are the holding companies of the two founders, Kim Fournais and Lars Seier Christensen, who in total own 60 per cent of the Bank. General Atlantic, a private equity investment firm, owns 22 percent of the Bank, Espirito Santo Financial Group, Portugal’s third biggest financial group, with its subsidiary Banco Espirito Santo Group, Portugal’s largest private bank, together hold 9.9 percent of the Bank, with the remaining interest held mainly by a number of current and former employees of Saxo Bank.
License and regulation details
Saxo Bank is incorporated in Denmark as a licensed bank (license no. 1149) and is regulated – along with Saxo Bank A/S London and Saxo Bank A/S Sucursal en España – by the Danish Financial Supervisory Authority (FSA) - Finanstilsynet, Gl. Kongevej 74A, 1850 Frederiksberg C. Further details regarding the Danish FSA and Saxo Bank's license may be viewed at www.ftnet.dk. As a member of the European Union, Denmark has incorporated the EU Banking and Investment Directives into Danish law.
Saxo Bank A/S Sucursal en España is registered by the Banco de España (Registration Number 1510).
Saxo Bank A/S London registered by the Financial Services Authority (Registration Number 207519).
Saxo Capital Markets Pte. Ltd. is licensed as a Capital Market Services provider and an Exempt Financial Advisor, and is supervised by the Monetary Authority of Singapore. Co. Reg. No.: 200601141M.
Saxo Bank Switzerland is a licensed bank regulated by the Swiss Federal Banking Commission (Registration Number CH-660-0511991-1).