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More about Saxo Bank
Broker availability
Is Saxo Bank Available in 🇩🇪 Germany?
Yes — Saxo Bank is available in Germany
Saxo Bank accepts clients from Germany. Regulated by MAS & ASIC.
Availability last verified: October 2026
Broker availability in 🇩🇪 Germany
159 / 341 brokers159 out of 341 brokers in our database accept clients from Germany (47% availability). See all available brokers →
Is Saxo Bank the right fit for you?
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Saxo Bank vs alternatives in 🇩🇪 Germany
| Regulator | MAS, ASIC | FCA, CySEC | FCA, ASIC | MAS, CySEC |
| Min. deposit | $2000 | $100 | $100 | $100 |
| Spread from | 0.4 pips | 1 pips | 0.6 pips | 0.6 pips |
| Max leverage | 200 | 500 | 500 | 30 |
| Available | ✓ Yes | ✓ YesOpen Account | ✓ YesOpen Account | ✓ YesOpen Account |
Why choose Saxo Bank in 🇩🇪 Germany?
Min. deposit
$2000
Spread from
0.4 pips
Max leverage
200
BrokerRank score
4 / 5
- 40,000+ instruments
- Real stocks and bonds, not just CFDs
- Professional-grade SaxoTraderGO platform
- Strong research and analysis
- Regulated by MAS & ASIC — legally available to Germany residents under BaFin + ESMA (MiFID II)
Trading conditions in 🇩🇪 Germany
Regulated by BaFin + ESMA (MiFID II). Max forex leverage: 1:30. Permitted instruments: Forex, CFDs, Stocks, ETFs, Bonds, Options. German residents are protected by MiFID II ESMA leverage limits. Abgeltungsteuer (25% + solidarity surcharge) applies to all capital gains.
Other recommended brokers available in 🇩🇪 Germany
Comparing Saxo Bank with other brokers available to Germany traders.
- No commissions on spreads
- FCA, ASIC and CySEC regulated
- Islamic accounts available
- FCA regulated with strong reputation
- Supports MT4, MT5, and own platform
- Negative balance protection
- Commission-free CFD trading (other fees may apply)
- Simple, user-friendly platform
- Wide range of CFD instruments (2,800+)
- Good educational content
- Regulated in 6 jurisdictions
- No commission on most accounts
About Saxo Bank
Regulated by
MAS, ASIC
Headquarters
Copenhagen, Denmark
Founded
1992
Min. deposit
$2000
BrokerRank score
4 / 5
Markets
forex, indices, cfd
Frequently Asked Questions
1Is Saxo Bank available in Germany?
Yes — Saxo Bank accepts clients from Germany. The broker is regulated by MAS and ASIC. You can open a live account directly through their website.
2What are the best alternatives to Saxo Bank for Germany traders?
Brokers we recommend in Germany include ForTrade, FxPro, Plus500. All are verified to accept clients from Germany and are regulated by reputable authorities.
3Can I use a VPN to access Saxo Bank from Germany?
Using a VPN to circumvent geo-restrictions violates Saxo Bank's terms of service and can result in account closure or frozen funds. It also leaves you without regulatory protection. We strongly recommend using a broker that is properly licensed to serve your country.
4Is forex trading legal in Germany?
Yes — forex trading is legal in Germany and regulated by BaFin + ESMA (MiFID II). The maximum permitted leverage for forex is 1:30. Only brokers licensed in Germany or operating under an approved passporting arrangement can legally serve retail clients.
5What leverage is available for traders in Germany?
Forex: up to 1:30. Stocks: up to 1:5. These limits are set by BaFin + ESMA (MiFID II) and apply to all licensed brokers serving Germany residents. German residents are protected by MiFID II ESMA leverage limits. Abgeltungsteuer (25% + solidarity surcharge) applies to all capital gains.
6Which financial instruments can traders in Germany access?
Traders in Germany regulated by BaFin + ESMA (MiFID II) can access the following instruments: Forex, CFDs, Stocks, ETFs, Bonds, Options. German residents are protected by MiFID II ESMA leverage limits. Abgeltungsteuer (25% + solidarity surcharge) applies to all capital gains.
7Which brokers accept clients from Germany?
159 out of 341 brokers in the BrokerRank database accept clients from Germany. Recommended options include ForTrade, FxPro, Plus500. You can see the full list on our Germany brokers page.