Saxo Minimum Deposit (2026)
Rated 4.7/5 overall
Saxo minimum deposit
$0
- Payment methods
- Bank Transfer, Debit Cards
- Account currencies
- AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, INR, ILS, JPY, MXN, NOK, NZD, PLN, SEK, SGD, ZAR, TRY, USD
- Try a demo first
- Yes
12 of 49 brokers ask $0
Saxo is one of 12 brokers we track with no minimum deposit. The median across all 49 is $20.
Lowest-deposit alternatives
- Interactive Brokers$0 · 4.8/5
- XTB$0 · 4.7/5
- IG$0 · 4.7/5
Opening an account with Saxo
Opening an account with Saxo Bank is more straightforward than the complexity of its platforms might suggest. We completed the online application within 20 minutes.
The process involves four steps:
1. Online application covering personal details and financial background
2. Knowledge assessment covering trading experience and risk understanding
3. Document submission: government-issued ID and proof of address
4. Account activation, typically within 1 business day
The Classic account has no minimum deposit in most regions. A demo account is available with full access to SaxoTraderGO and SaxoTraderPRO using virtual funds, with no time limit.
Bottom Line
Account opening is faster and simpler than expected, given Saxo's premium positioning. The Classic account is accessible to most retail traders, but the best trading conditions are reserved for those who can meet the Platinum or VIP minimums.
More on Saxo
61% of retail FX and CFD accounts lose money.