📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

Trade Gold with 1:2000 Leverage – Trade Now

Best Brokers

Saxo Bank Demo Account

Saxo Bank Demo Accounts

 

Saxo Bank does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.  The Saxo Bank demo account expires after 20 days.

 

🔎 Broker🥇 Saxo Bank
🆓 Demo Account✅ Yes
⏰ Avalability20 Days
🪙 Virtual Funds$100'000 USD
💻 SaxoTraderGO✅ Yes
🖥️ SaxoTraderPRO☑️ Yes
💵 Minimum DepositNone
⛔ Risk of UseNone
📊 Strategy Testing✅ Yes
🚀 Open an Account👉 Click Here

 

Overall Rating

Min Deposit

USD 0

Regulators

MAS, FCA

Trading Platform

SaxoTraderGO, SaxoTraderPRO

Crypto

Yes

Total Pairs

190

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

 

Saxo Bank Demo Account – 8 Key Point Quick Overview

 

  1. Saxo Bank Overview
  2. Saxo Bank Safety and Security
  3. Saxo Bank Demo Account
  4. How to open a Saxo Bank Account – A Step By Step Guide
  5. Saxo Bank Customer Reviews
  6. Saxo Bank Pros and Cons
  7. Conclusion
  8. Frequently Asked Questions

 

 

Saxo Bank Top Bar

 

Saxo Bank Overview

 

Saxo is a fully regulated and licensed industry leader that offers its services to over 850’000 clients worldwide.  Saxo Bank powers over 200 banks, brokers, and 400+ financial intermediaries while adhering to all regulatory requirements in +10 jurisdictions, including Denmark, the UK, and Singapore.

 

Saxo Overview

 

Saxo Bank Safety and Security

 

Saxo Bank is regulated by the UK Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS) while adhering to all regulatory requirements in +10 jurisdictions, including Denmark, the UK, and Singapore.  Furthermore, Saxo Bank is a member of the Danish Guarantee Fund and all client funds are kept in segregated accounts.

 

Saxo Bank Safety and Security

 

Saxo Bank Demo Account

 

Saxo Bank does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.  The Saxo Bank demo account expires after 20 days.

 

🔎 Broker🥇 Saxo Bank
🆓 Demo Account✅ Yes
⏰ Avalability20 Days
🪙 Virtual Funds$100'000 USD
💻 SaxoTraderGO✅ Yes
🖥️ SaxoTraderPRO☑️ Yes
💵 Minimum DepositNone
⛔ Risk of UseNone
📊 Strategy Testing✅ Yes
🚀 Open an Account👉 Click Here

 

Saxo Demo Account

 

How to open a Saxo Bank Account – A Step By Step Guide

 

1.  Step 1:  Start the Application Process

In order for the account application to start, the applicant can simply click on the blue “Open account” button located at the top of the Saxo Bank webpage.

 

Saxo Bank Account 1

 

2.  Step 2:  Complete the Application Process

In order for the account application to be completed the applicant will be required to complete an online registration form.

 

Saxo Bank Account 2

 

Saxo Bank Customer Reviews

 

Excellent Support.

Saxo Bank offers great support and the FAQ section is superb. – Chanel

 

TrustPilot 5 Star

 

Very Happy.

I am overall very satisfied with my Saxo Bank trading experience. – Michael

 

TrustPilot 4 Star

 

Highly Recommend.

Saxo Bank does come with a high minimum deposit but – you get more than what you pay for. Excellent.  – Rodger

 

TrustPilot 3 Star

 

 

Saxo Bank Pros and Cons

 

✅ Pros ❌ Cons
High Regulation and SecurityLimited Regulation in Some Regions
Wide Range of Trading InstrumentsHigher Spreads on Certain Accounts
User-Friendly Trading PlatformsNo U.S. Clients
Great Educational ResourcesLimited Research Tools
Multiple Account TypesSlower response times

 

 

Overall Rating

Min Deposit

USD 0

Regulators

MAS, FCA

Trading Platform

SaxoTraderGO, SaxoTraderPRO

Crypto

Yes

Total Pairs

190

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

 

Conclusion

 

Overall, Saxo Bank does offer a free demo trading account for beginners to practice forex trading for up to 20 days.

 

 

You might also like: Saxo Bank Review (2025)

You might also like: Saxo Bank Sign-Up Bonus

You might also like: Saxo Bank Minimum Deposit

You might also like: Saxo Bank Account Types

You might also like: Saxo Bank Demo Account

You might also like: Saxo Bank Fees, Spreads, and Commission

 

 

Frequently Asked Questions

 

Does Saxo Bank have a practice account available?

Yes, Saxo Bank does offer a free demo trading account for beginners to practice forex trading.

 

What are the risks associated with using a Saxo Bank Demo Account?

None. The Saxo Bank Demo Account is set in a 100% risk-free environment.

 

Does the Saxo Bank Demo Account expire?

Yes, the Saxo Bank Demo Account expires after 20 days.

 

Is the Saxo Bank Demo Account Virtually funded?

Yes, the Saxo Bank Demo Account is virtually funded with $100’000 USD.

 

Which trading platforms can I test out with the Saxo Bank Demo Account?

Both Saxo Bank trading platforms, SaxoTraderGO and SaxoTraderPRO, are available to test in the Saxo Bank Demo Account.

 

 

Author Details

Picture of Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

FinPros Review

  FinPros, launched in 2021 and regulated in Seychelles and Cyprus, offers fast, transparent execution via MetaTrader 5 with Equinix LD4 hosting. It features four

Trade247 Review

  Founded in 2025 and headquartered in Dubai, Trade247 is already capturing attention thanks to dual regulation (SCA and FSC), a clean MT5-only focus, and

10 Best Forex Brokers in UK

  10 Best UK Forex Brokers – Rated and Reviewed! We have rated and reviewed the best Forex Brokers accepting UK Traders.  This is a complete

7 Best FCA Forex Brokers

  The 7 Best FCA Forex Brokers – Rated and Reviewed. We have listed the Best Forex Brokers regulated by the Financial Conduct Authority in