Who owns Saxo?
Saxo is run by Saxo Bank A/S, Denmark. It holds a licence from Other: Danish FSA (Finanstilsynet) (1149). The company is private (Bank J. Safra Sarasin ~71% since Mar 2026). Press reports this link; we have not confirmed it in a register yet.
| Ultimate owner | Saxo Bank A/S (private (Bank J. Safra Sarasin ~71% since Mar 2026; deal for founder's remaining ~28.7% agreed Jul 2026, pending)) |
|---|---|
| Operating company | Saxo Bank A/S, Denmark · reg. 15731249 |
| Licenses | Other: Danish FSA (Finanstilsynet) 1149 |
| Website | home.saxo |
| Sister brokers | 0 |
| Fines and actions | 2 |
| Owner proof | reported |
| Last checked | 14 Oct 2026 |
In numbers
- 2 regulator fines against the owner since 2023.
Licences
| Regulator | Type | Valid | Check it |
|---|---|---|---|
| Other: Danish FSA (Finanstilsynet) 1149 | — | active | register |
About Saxo Bank A/S
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.
Headquarters: Denmark · Founded: 1992 · Ownership: private (Bank J. Safra Sarasin ~71% since Mar 2026; deal for founder's remaining ~28.7% agreed Jul 2026, pending)
How we know, and what we could not confirm
How we know: Bank-licensed group; no offshore (Seychelles/SVG-type) retail entity found. Ownership moved to J. Safra Sarasin in 2026.
- The owner link comes from press reports; we have not confirmed it in a register or in the brand’s own terms.
Everything Saxo Bank A/S owns, with fines and sources →
Regulator fines
| Date | Company | Regulator / court | Amount | Reason |
|---|---|---|---|---|
| 2023-11-09 | Saxo Capital Markets (Australia) Limited | 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 | Saxo Capital Markets (Australia) Limited | ASIC | — | Eight interim stop orders on retail CFDs over weak target market determinations; revoked two days later after Saxo amended them. source |
Ratings elsewhere
- Trustpilot: read the reviews there
Ratings from other websites, with their source. We do not copy their reviews, and they do not change our facts.
Questions and answers
Who owns Saxo?
Saxo Bank A/S runs it. Press reports this link; we have not confirmed it in a register yet.
Is Saxo licensed?
Yes. Its operator Saxo Bank A/S holds a licence from Other: Danish FSA (Finanstilsynet) (1149).
Has the owner of Saxo been fined?
2 records on file. The latest: ASIC, 2023-11-09.
Sources
- https://www.financemagnates.com/forex/j-safra-sarasin-takes-full-control-of-saxo-bank-with-purchase-of-kim-fournais-remaining-stake/
- https://www.home.saxo/legal/saxo-as-license-node
- https://www.home.saxo/legal/saxo-bank-licenses/saxo-bank-license-details
Last checked 14 Oct 2026. How we check facts. CFDs are complex. Most retail accounts lose money.