Saxo Bank A/S: who it is and what it owns

As of : Saxo Bank A/S (private, Bank J. Safra Sarasin ~71% since Mar 2026; Denmark) owns 1 broker. 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); its founder agreed to sell his remaining stake in July 2026.

Ownershipprivate (Bank J. Safra Sarasin ~71% since Mar 2026; deal for founder's remaining ~28.7% agreed Jul 2026, pending)
HeadquartersDenmark
Brokers1 broker · 1 website in total
Operating companies6
Regulator fines2
Last checked14 Oct 2026

Brokers of Saxo Bank A/S

NameWebsiteLicencesOwner proof
Saxohome.saxoDanish FSA (Finanstilsynet)reported

Operating companies and licences

CompanyWhereLicences
Saxo Bank A/SDenmarkDanish FSA (Finanstilsynet) 1149
Saxo Capital Markets UK LtdUnited KingdomFCA 551422
Totality Wealth Limited (formerly Saxo Capital Markets (Australia))AustraliaASIC AFSL 280372
Saxo Capital Markets Pte LtdSingaporeMAS
Saxo Bank (Switzerland) Ltd.SwitzerlandFINMA
Saxo Bank Securities Ltd.JapanJapan FSA

Regulator fines

DateRegulator / courtAmountReason
2023-11-09ASIC—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
2023-05-16ASIC—Eight interim stop orders on retail CFDs over weak target market determinations; revoked two days later after Saxo amended them. source

Questions and answers

Which brokers does Saxo Bank A/S own?

Saxo Bank A/S owns 1 broker.

Who owns Saxo Bank A/S?

Saxo Bank A/S is private (Bank J. Safra Sarasin ~71% since Mar 2026).

Has Saxo Bank A/S been fined?

Yes. 2 regulator fines on record. The latest: ASIC, 2023-11-09.

Sources