Danish bank-licensed multi-asset broker. Geely and Mandatum sold their stakes to Swiss private bank J. Safra Sarasin (agreed March 2025, closed March 2026); founder Kim Fournais agreed to sell his remaining stake in July 2026.
Ownership
private (Bank J. Safra Sarasin ~71% since Mar 2026; deal for founder's remaining ~28.7% agreed Jul 2026, pending)
Totality Wealth Limited (formerly Saxo Capital Markets (Australia))
Australia
ASIC AFSL 280372
Saxo Capital Markets Pte Ltd
Singapore
MAS
Saxo Bank (Switzerland) Ltd.
Switzerland
Other: FINMA
Saxo Bank Securities Ltd.
Japan
Other: Japan FSA
Regulator fines
Date
Regulator / court
Amount
Reason
2023-11-09
ASIC
—
Self-reported CFD leverage above ASIC's product-intervention caps; part of AU$4.3m remediation paid by seven issuers to 1,500+ clients (remediation, not a fine). source
2023-05-16
ASIC
—
Eight interim stop orders on retail CFDs over weak target market determinations; revoked two days later after Saxo amended them. source