Saxo’s fees are among the most attractive of the Swiss online brokers. But be prepared to invest a lot of time. 1. Account opening: The online registration itself was quick. Then my application... See more
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Saxo’s fees are among the most attractive of the Swiss online brokers. But be prepared to invest a lot of time. 1. Account opening: The online registration itself was quick. Then my application... See more
Company replied
+ Competitive price (One star) + App highly efficient (The second star) +/- Contact person very patient … … but doesn’t seem to ear our complaint, always repeats the same excuses seemingly lacking... See more
Company replied
I had a problem with generating a type of account report. Jakub from the Client Services team was knowledgeable and immediately identified the issue. I rates my experience as 4* than 5* only because t... See more
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The only person from Saxo team who helped me was Himanshi. My account was blocked since March,12 as I had to update my personal information and submit my renewed recidence permit, which I did the same... See more
Company replied
Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. Saxo’s clients enjoy broad access to global capital markets across asset classes on our industry-leading platforms. With headquarters in Copenhagen, Saxo has more than 2,300 professionals in financial centres around the world, including London, Singapore, Amsterdam, Zurich, Dubai and Tokyo.
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The Circle 38, 8058, Zürich-Flughafen, Zürich, Switzerland
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Saxo’s fees are among the most attractive of the Swiss online brokers. But be prepared to invest a lot of time.
1. Account opening: The online registration itself was quick. Then my application was rejected because my registered address was a “c/o” address. That requirement isn’t mentioned anywhere during sign-up. I had to go to my local municipality and update my official registration before I could continue. Stating this upfront would have saved me days.
2. Transferring existing holdings: Several of the UCITS ETFs I wanted to transfer from my previous bank weren’t available in Saxo’s transfer form. One of them is a mainstream iShares fund. For one ETF the system only offered a different product with a different ISIN. I submitted a support ticket, but after several days I still had no reply. The ticket also never appeared under “open tickets” in my account, although Saxo says it would. In the end I had to call just to confirm it had been received.
Bottom line: Good pricing, but onboarding and transfers take far more effort than they should. Better upfront information and faster support would make a big difference.

Reply from Saxo Group - Saxo Switzerland
I had a great customer experience with Saxo. I recommend it for private investors.

Reply from Saxo Group - Saxo Switzerland
Hamanshi was really helpful as he got the necessary answers really fast.

Reply from Saxo Group - Saxo Switzerland
The customer support in the person of Jaya did a great job. Easy communication and everything worked out fine.

Reply from Saxo Group - Saxo Switzerland
+ Competitive price (One star)
+ App highly efficient (The second star)
+/- Contact person very patient …
… but doesn’t seem to ear our complaint, always repeats the same excuses seemingly lacking the internal influence to solve our problems and even adds to the workload instead of filtering requests.
- Compliance department is a nightmare! They ask again and again for more documents to be sure they did their job and as it seems quite impossible for them to really “Know their customers (KYC)” they keep harassing me, asking for documents.

Reply from Saxo Group - Saxo Switzerland
Avoid Saxo Bank – Extremely Unprofessional Compliance Experience
My experience with Saxo Bank’s compliance department was absolutely unacceptable.
I was simply transferring my own money from my own Swiss bank account to my Saxo account, in Swiss francs. Despite this, I was subjected to intrusive and, in my view, completely disproportionate questions about my employer, income, and tax affairs.
What should have been a routine transfer turned into an unnecessarily invasive and frustrating compliance process. The way Saxo handled the situation gave me very little confidence in how they treat their clients or manage legitimate customer funds.
A bank should make its clients feel that their assets are secure and that they are dealing with a professional institution. Unfortunately, my experience with Saxo was the complete opposite.
I would strongly caution anyone considering Saxo Bank, particularly anyone planning to hold substantial assets there. Think very carefully before trusting this bank with your money.
For me, this experience was enough to seriously question whether Saxo is a bank I want to have any relationship with. I would not recommend Saxo Bank.

Reply from Saxo Group - Saxo Switzerland
I was very glad for the help and support, as Yaya was very kind and she was very helping in finding a solution.
Many thanks!

Reply from Saxo Group - Saxo Switzerland
Very friendly and competent communication. Jaya could support me on different matters. I can highly recommend her.
It was very easy to open an account and so far, I received quick and great support from the Saxo Bank client service team whenever I had a question
The lady who answered my call was extremely kind, very knowledgeable, and committed to solving my problem. Really, really good. I highly recommend the Saxo Bank platform for training independently on the stock market.
Fast helpfull Support with all Informatiomns i needed

Reply from Saxo Group - Saxo Switzerland
The staff were very friendly and were able to sort out my problem straight away. I was also very pleased that all safety precautions were followed.

Reply from Saxo Group - Saxo Switzerland
Fast connection with an agent, agent jaya understood the issue and went on to do an exception. Problem solved and im happy

Reply from Saxo Group - Saxo Switzerland
Horrible customer service. I have called more than 10 times trying to get support, and I was always disconnected because nobody picked up the phone. It feels impossible to contact anyone or get proper help. Extremely frustrating experience, and I absolutely cannot recommend Saxo.

Reply from Saxo Group - Saxo Switzerland
Jaya was super helpful and friendly. She went the extra mile to call me with an update on my issue, which I really appreciated. My issue has been resolved to full satisfaction.

Reply from Saxo Group - Saxo Switzerland
Aditya from Saxo Customer Service Support was incredible helping me as a new customer with my account and showing me around the Saxo trading platform. It saved me hours of self discovery.

Reply from Saxo Group - Saxo Switzerland
Jaya was very friendly, knowledgeable, patient, happy to help…all around good experience!
Thanks for making my day Jaya!

Reply from Saxo Group - Saxo Switzerland

Reply from Saxo Group - Saxo Switzerland
The person i dealt with Tanvee, was very proactive. Listening to my concerns trying to address them and collaborate with me to find a suitable resolution. Customer Service as it should be

Reply from Saxo Group - Saxo Switzerland

Reply from Saxo Group - Saxo Switzerland
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