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    Saxo

    Saxo

    United Kingdom
    Above 20 years Regulated in Australia Market Making(MM) Non MT4/5 Software Suspicious Scope of Business
    Expose
    Score
    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9
    10
    License 9.57
    Risk Manag 0.00
    Software Index 8.63
    Business 9.14
    Regulatory 9.54
    Company Abbreviation

    Saxo

    Registered region

    Saxo United Kingdom

    Company Name

    Saxo Bank A/S

    Company address

    --

    Website

    https://www.home.saxo/en-hk

    http://www.home.saxo/

    Financial Conduct Authority
    FCA Regulated

    Market Making(MM)

    Financial Services Agency
    FSA Regulated

    Retail Forex License

    Securities and Futures Commission of Hong Kong
    SFC Regulated

    Dealing in futures contracts & Leveraged foreign exchange trading

    Banque de France
    BDF Regulated

    Retail Forex License

    National Commission for Companies and the Stock Exchange
    CONSOB Regulated

    Market Making(MM)

    Swiss Financial Market Supervisory Authority
    FINMA Regulated

    Financial Service

    Monetary Authority of Singapore
    MAS Regulated

    Retail Forex License

    Broker Information

    Customer Service Phone Number

    00801 85 6862

    Customer Service Email Address

    info@saxomarkets.com.hk

    Company summary More
    Let me correct the erro.
    Pyramid scheme complaint
    Expose

    Check whenever you want

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    A Visit to saxo in Japan -- Office Confirmed Existed

    The survey team went to visit the dealer saxo in Tokyo, Japan as planned. The dealer’s logo can be found on the publicly displayed address, indicating that the dealer had a real business place. However, the surveyors failed to enter the company for further visit, so the specific scale of the business remained unknown. Please be prudent when trading with this broker.

    Good Japan
    1/6
    WikiFX Risk Alerts
    4
    2021.12.04
    The number of the complaints received by WikiFX have reached 18 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    The number of this brokers's nagitive field survey reviews has reached 2, please be aware of the risk and the potential scam!
    EA VPS

    No restriction on the broker account. Provide service support by WikiFX

    Single Core

    1G

    40G

    $ 1.41/month
    Open immediately
    Unable to withdraw Unable to withdraw
    It required taxes and margins before withdrawal.
    FXKLOuqb2529

    2021/9/24 11:14:45

    Resolved Do not allow me withdraw, but let me pay the unfreeze gold, verification fee, add credit and, finally, pay personal income tax.
    Do not allow me withdraw. Firstly let me pay the unfreeze gold, later pay the verification fee,credit enhancement gold, and personal income tax.
    fijrfuxigj

    2021/9/14 5:37:12

    Unable to withdraw Unable to Withdraw
    Can't withdraw funds. If you wanna get your money, you must top up the same amount, why not let withdraw funds, deliberately arbitrage
    FXUKWqwp8017

    2021/1/25 0:56:32

    Scam Keep asking me to add money when I operate here. If I withdraw funds, I break their rules. Saxo, a fraud
    I deposited 50,000 but they count it as 30,000
    FXQSUukx6478

    2021/1/13 4:21:13

    Unable to withdraw Saxo
    Unable to withdraw. They don't approve my applications at all. Pls help me
    FXIGBwyc3241

    2021/1/3 0:40:56

    Unable to withdraw Fraud paltform. I deposited but I can't log in before Iwitdhraw funds here
    I don’t know how to deal with a liar, do you know this?
    FXYVJgtt9728

    2021/1/2 2:07:24

    Unable to withdraw Did I meet a fraud broker?
    Unable to log in to the webpage, there is a lot of money in the account on the webpage and it is impossible to withdraw it
    FXYVJgtt9728

    2021/1/1 5:40:03

    Unable to withdraw Is it a fraud platform? I can't withdraw the money and the web is disabled. How can I get my money back?
    Is it a fraud platform? I can't withdraw the money and the web is disabled. How can I get my money back?
    FXMVYkyx5142

    2020/12/30 2:25:45

    • Delivery Index
    • Mkt. Analysis
    • Material
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    Saxo · Website

    Most visited countries/areas

    Russia Norway Greece
    saxobank.com
    Server Location
    United States
    Most visited countries/areas
    Russia
    Website Domain Name
    saxobank.com
    ICP registration
    沪ICP备13028953号-1
    Domain Effective Date
    0001-01-01
    Server IP
    216.87.148.114
    Website
    盛斯欧投资咨询(上海)有限公司
    Company
    盛斯欧投资咨询(上海)有限公司
    bgsaxo.it
    Server Location
    United States
    Most visited countries/areas
    --
    Website Domain Name
    bgsaxo.it
    ICP registration
    --
    Domain Effective Date
    --
    Server IP
    204.74.99.103
    Website
    --
    Company
    --

    Saxo

    Free CompensationMore details

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    Financial Conduct Authority

    Financial Conduct Authority (FCA)

    The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.

    • Licensed Institution :

      Saxo Capital Markets UK Limited

      Effective Date :

      2011-10-05
    • Email Address of Licensed Institution :

      ukcompliance@saxomarkets.com,uklegal@saxobank.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      https://www.home.saxo/en-gb/

      Expiry Date :

      --
    • Address of Licensed Institution :

      26th Floor40 Bank Street London E14 5DA UNITED KINGDOM

      Phone Number of Licensed Institution :

      4402071512020
    • Licensed Institution Certified Documents :

      Annex1 View Certified Documents Annex2 View Certified Documents Annex3 View Certified Documents Annex4 View Certified Documents Annex5 View Certified Documents
    Financial Services Agency

    Financial Services Agency (FSA)

    The Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. The ultimate aim of Japan's FSA is to maintain the country’s financial system and ensure its stability. It is also responsible for protecting security investors, insurance policyholders, and depositors. It achieves its aims in a number of different ways including planning and policy making, supervising financial services providers, overseeing securities transactions, and inspecting financial institutions in the private sector. When the FSA was first created it was merely an administrative body. However, its responsibilities were widened in 2001 when it became the external representative of the Cabinet Office of Japan. It took over the responsibilities of the Financial Reconstruction Committee, and also took over responsibility for failed financial institutions.Today, the FSA Japan is held accountable to the Japanese Minister of Finance and enjoys a wide scope of responsibility.

    • Licensed Institution :

      Saxo Bank Securities Ltd.

      Effective Date :

      2007-09-30
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      東京都港区虎ノ門1-2-8

      Phone Number of Licensed Institution :

      0355116070
    • Licensed Institution Certified Documents :

      Annex1 View Certified Documents Annex2 View Certified Documents
    Securities and Futures Commission of Hong Kong

    Securities and Futures Commission of Hong Kong (SFC)

    The Securities and Futures Commission (SFC) is an independent statutory body set up in 1989 to regulate Hong Kong's securities and futures markets. The SFC derives its investigative, remedial and disciplinary powers from the Securities and Futures Ordinance (SFO) and subsidiary legislation. Operationally independent of the Government of the Hong Kong Special Administrative Region, the SFC is funded mainly by transaction levies and licensing fees. As a financial regulator in an international financial centre, the SFC strives to strengthen and protect the integrity and soundness of Hong Kong's securities and futures markets for the benefit of investors and the industry.

    • Licensed Institution :

      Saxo Capital Markets HK Limited 盛寶金融(香港)有限公司

      Effective Date :

      2011-01-19
    • Email Address of Licensed Institution :

      hkcompliance@saxomarkets.com.hk

      License Type:

      No Sharing
    • Website of Licensed Institution :

      www.saxomarkets.com.hk

      Expiry Date :

      --
    • Address of Licensed Institution :

      香港中環皇后大道中12號上海商業銀行大廈19樓

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Annex1 View Certified Documents Annex2 View Certified Documents Annex3 View Certified Documents Annex4 View Certified Documents Annex5 View Certified Documents
    Banque de France

    Banque de France (BDF)

    The Autorité de contrôle prudentiel et de résolution(ACPR) is charged with preserving the stability of the financial system and protecting the customers, insurance policyholders, members and beneficiaries of the persons that it supervises.It is responsible for: issuing licences and authorisations as laid down in legislation and regulations;supervising compliance with rules designed to protect customers, whether these rules stem from legislation and regulations, codes of conduct approved at the request of a professional association or industry best practices that the Authority either observes or recommends,etc.

    • Licensed Institution :

      Saxo bank A/S

      Effective Date :

      2001-09-25
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      Philip Heymans Allé 15 - 2900

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Annex1 View Certified Documents Annex2 View Certified Documents
    National Commission for Companies and the Stock Exchange

    National Commission for Companies and the Stock Exchange (CONSOB)

    The Commissione Nazionale per le Società e la Borsa (CONSOB) is the public authority responsible for regulating the Italian financial markets.Its activity is aimed at the protection of the investing public.The CONSOB is the competent authority for ensuring transparency and correct behaviour by financial market participants;disclosure of complete and accurate information to the investing public by listed companies;It conducts investigations with respect to potential infringements of insider dealing and market manipulation law.

    • Licensed Institution :

      BG SAXO SIM S.P.A.

      Effective Date :

      2018-12-28
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      CORSO VENEZIA 29 20121 MILANO (MI) ITALIA

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Annex1 View Certified Documents
    Swiss Financial Market Supervisory Authority

    Swiss Financial Market Supervisory Authority (FINMA)

    FINMA is Switzerland’s independent financial-markets regulator. Its mandate is to supervise banks, insurance companies, exchanges, securities dealers, collective investment schemes, and their asset managers and fund management companies. It also regulates distributors and insurance intermediaries. It is charged with protecting creditors, investors and policyholders. FINMA is responsible for ensuring that Switzerland’s financial markets function effectively.

    • Licensed Institution :

      SAXO BANK (SCHWEIZ) AG

      Effective Date :

      --
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Annex1 View Certified Documents Annex2 View Certified Documents
    Monetary Authority of Singapore

    Monetary Authority of Singapore (MAS)

    MAS is the integrated regulator and supervisor of financial institutions in Singapore. In 1970, Parliament passed the Monetary Authority of Singapore Act leading to the formation of MAS on 1 January 1971. The passing of the MAS Act gave MAS the authority to regulate the financial services sector in Singapore.MAS has been given powers to act as a banker to and financial agent of the Government. It has also been entrusted to promote monetary stability, and make credit and exchange policies conducive to the growth of the economy. In April 1977, the Government decided to bring the regulation of the insurance industry under MAS. The regulatory functions under the Securities Industry Act (1973) were also transferred to MAS in September 1984.MAS now administers the various statutes pertaining to money, banking, insurance, securities and the financial sector. Following its merger with the Board of Commissioners of Currency on 1 October 2002, MAS also assumed the function of currency issuance.

    • Licensed Institution :

      SAXO CAPITAL MARKETS PTE. LTD.

      Effective Date :

      --
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      http://www.saxomarkets.com.sg

      Expiry Date :

      --
    • Address of Licensed Institution :

      3 CHURCH STREET #30-00 SAMSUNG HUB 049483

      Phone Number of Licensed Institution :

      +65 63037800
    • Licensed Institution Certified Documents :

      Annex1 View Certified Documents Annex2 View Certified Documents

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    Saxo

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    Saxo
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    Saxo · Company summary

      General Information & Regulation of Saxo

      Founded in 1992, the company launched its first online trading platform in 1998, providing traders with professional-grade tools and access to multi-asset markets. Saxo Group serves clients in over 120 countries, manages $16 billion in assets, and processes over 125,000 trades per day to date. The headquarter of Saxo Bank is located in Copenhagen while an organization operating in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Sydney, Hong Kong and Tokyo, and Saxo Bank is licensed by several regulators globally.

    image.png

      Saxo Market Instruments

      The company offers a wide range and a number of financial products, mainly divided into leveraged instruments and investment products. Leveraged products include CFD products, Futures, Commodities, and listed options, while investment products include stocks, bonds, ETFs, mutual funds, and managed portfolios.

       Minimum Deposit

      Saxo Markets has three main account levels, namely Personal, Institutional and Professional. Individual accounts are divided into Classic, Platinum, and VIP accounts. Classic accounts have a minimum deposit of $2,000. The minimum deposit for a Platinum account is $200,000, which allows investors to get smaller spreads and lower commissions, while the minimum deposit for a VIP account is now $1, 000,000. Saxo Markets' corporate account contains the same three accout types too, with the minimum deposit for the classic account up to $10,000, $200,000 for the platinum account , and the minimum deposit for VIP account is $1000,000. Investors will be reclassified as Professional clients if they meet any two of the three conditions: having a financial portfolio of more than 500,00 EUR; having made at least 10 relevant transactions of significant size in the last four quarters; working in the financial sector, or having worked for at least one year.

    image.png

       Saxo Leverage

      With regard to trading leverage, professional clients are entitled to leverage of 1:40 for the primary index, 1:33 for the secondary index, 1:33 for gold, 1:10 for equities, and 1:25 for commodities. Retail clients are entitled to leverage of 1:20 for the primary index, 1:10 for the secondary index, 1:20 for gold, 1:5 for equities and 1:10 for commodities.

      Spreads & Commissions

      Spreads on CFD products are as low as 0.4. Go long or short more than 9,000 products, and enjoy low spreads and credits. Commissions start at $3 per share for equities, as low as $0.85 per lot for commodities, and $3 per share for ETFs. Futures commissions start as low as $0.85 per lot, bonds commissions start at 0.05%, listed options commissions start as low as $1.25 per lot, and mutual funds commissions are $0 for custody and platform fees.

      Trading Platform

      Saxo uses the best-in-class trading platform SaxoTraderGO, a powerful trading tool with enhanced trading instruments, innovative risk management features including account shields (which act as stop-loss levels for the entire account value and close out the entire position in case of a penalty), stop-loss orders, cancel all orders, margin usage details, margin alerts, and fast position closing features. In addition, Saxo Group also offers SaxoLite (mobile trading platform for Hong Kong and US stocks) for investors.

      Deposit & Withdrawal

      Saxo Bank supports several deposit and withdrawal methods, including Visa, MasterCard, Visa Debit, Visa Electron, MasterCard Debit, Maestro (for UK residents), Visa Dankort (for Denmark residents), Carte Bleue (for France residents). The company does not charge any fees for withdrawals, but if an investor makes a withdrawal request via manual withdrawal, a processing fee of 40 EUR will be charged.

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.