Saxo Bank Switzerland Experience Report Saxo Bank Experience Switzerland Saxo Test Report Saxo Bank Review Switzerland

Saxo Bank experience: Test report and fee comparison

In the world of investments, it is a constant race for the best conditions and the most efficient service. Saxo Bank Switzerland has permanently revised its pricing and is positioning itself as one of the most attractive options for Swiss investors!

With the new Saxo Bank fees and the innovative ETF savings plans, even the market leader Swissquote is being put under pressure. With the low trading fees, many other advantages and an exclusive bonus of over CHF 200 trading credits for our readers, the question arises:

Is Saxo the new top platform for your investments in Switzerland?

📊 Saxo Bank - The most important facts at a glance
RegulationFINMA-regulated Swiss bank - Deposit protection up to CHF 100,000
minimum depositNone
Custody feesNone - abolished since February 2025
CH securitiesfrom CHF 3 (0.08% of the order volume)
US securitiesfrom CHF 1 (0.08% of the order volume)
ETF Savings Plan✅ Yes - AutoInvest, over 100 ETFs free of charge
Currency exchange0.25% - significantly cheaper than Swissquote (0.95%)
Tax statement✅ Free of charge
Account groupsClassic (from CHF 0) - Platinum (from CHF 250,000) - VIP (from CHF 1 million)
Inactivity feesNone
BonusCHF 200 Trading Credits via Schwiizerfranke-Link
Who is it suitable for?Cost-conscious investors who want to trade favourably
💡 Schwiizerfranke assessment: Saxo Bank is currently the cheapest regulated Swiss broker - no custody account fees, free ETF savings plan and the most favourable currency exchange. The only real disadvantage: registered share entry is cumbersome. All brokers in comparison →

Table of contents

About Saxo Bank Switzerland: A brief overview

Saxo Bank was founded in Denmark in 1992 and has a location in Switzerland since 2008. Since March 2026, Saxo Bank has been majority-owned by the Swiss private banking group J. Safra Sarasin. You can find their offices in the Circle at Zurich Airport. For this test report, I visited their office in Zurich and now even the HQ in Copenhagen. I was very impressed by both and even more convinced by their offer.
Saxo Bank (Switzerland) Ltd. is a Fully licensed, FINMA-regulated Swiss bank and has a Swiss Deposit protection up to CHF 100,000.

Saxo Bank is known for its innovative strength and extensive access to global markets. For a long time, Saxo Bank fees were not particularly attractive, but this has now changed. The reason for the price reduction?

Since Saxo Bank acquired the Dutch BinckBank, it has a client base of more than 1 million clients worldwide. In total, Saxo will have over 100 billion in assets under management by 2025 and can therefore offer extremely favourable terms. This move positions Saxo Bank well ahead in the Swiss market, even ahead of established providers such as Swissquote.

Open an account via this link to receive CHF 200

The exact Saxo conditions can be found here.

Our financial tips for 2026

"Intelligent people learn from the mistakes of others".

We have compiled our top selection for you from all our tests and experience reports:

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Swiss bank account recommendation test experience report account
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New Saxo Bank fees: Extremely good value!

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For an ETF or share purchase of CHF 1,000, Saxo Bank now offers the most favourable conditions on the Swiss market. These client-friendly Saxo Bank fees make it a first-class choice for anyone looking to invest cost-effectively.

Here is an overview of the conditions:

  • Swiss shares and ETFs from order fees of CHF 3 minimum fee
  • US equities and ETFs from order fees of CHF 1 Minimum fee
 
Bonus: You can even buy some ETFs completely free of charge in the savings plan. More on this below.
Saxo Bank Experience 1

Order fees

More precisely, the Saxo Bank order fees amount to:
  • CH securities: Order fees 0.08% of the order volume or at least CHF 3
  • US securities: Order fees 0.08% of the order volume or at least CHF 1
Saxo Bank custody account fees are free of charge!
  • In February 2025, the custody account costs at Saxo Bank were completely abolished.


Saxo has 3 account groups, which makes the Saxo conditions even better:

  • Classic: From CHF 0 - Favourable entry-level prices, see above.
  • Platinum: From CHF 250,000 - price reduction of up to 30% and other benefits.
  • VIP: From CHF 1,000,000 - Best price conditions and other benefits such as a personal client advisor and exclusive events.

But how do Saxo Bank's prices actually compare with Swissquote and the like?

Comparison: Saxo Bank vs. Swissquote

View Swiss broker comparison

The big Saxo Bank advantages

In addition to the low trading fees, Saxo Bank offers a number of other advantages:

  • NEW: Free Saxo ETF savings plan thanks to the AutoInvest function.
  • NEW: No custody fees.
  • NEW: Saxo Bank Tax statement free of charge available.
  • Swiss Deposit protection up to CHF 100'000.
  • Extremely favourable currency exchange rates at 0.25% (for comparison: Swissquote charges 0.95%).
  • Modern trading platform. Optional: SaxoInvestor provides a simple interface for beginners.
  • All important order types for trading.
  • Free demo account to test the platform.
  • Access to around 24,000 shares and over 7,000 ETFs on over 50 stock exchanges worldwide.
  • Trading cryptocurrencies, bonds, options, futures and more.
  • Regular free webinars for further training and a large knowledge area
  • Very transparent presentation of costs and Calculator tools for the fees (more on this below in the instructions).
  • No Saxo Bank minimum deposit.
  • No inactivity fees.
  • Interest on your cash deposits with no upper limit.
  • A full 200 francs in trading fees for you as a Schwiizerfranke reader!
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Open an account via this link to receive CHF 200

The exact Saxo conditions can be found here.

Our financial tips for 2026

"Intelligent people learn from the mistakes of others".

We have compiled our top selection for you from all our tests and experience reports:

Online broker comparison trading platforms comparison Swiss broker comparison test
Swiss bank account recommendation test experience report account
swiizerfranke ebook investment guide switzerland pdf download
Pillar 3a Comparison Recommendation Experience Report
Crypto Broker Switzerland Comparison Buy Bitcoin
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Instructions: Saxo ETF savings plan with AutoInvestor

Insight and instructions for an ETF purchase with SaxoTrader

If you are logged in to SaxoTrader, you can search for securities using the search function in the top right-hand corner and optionally even filter by securities categories.

For example, if you enter the ISIN of an SPI ETF there, which you have previously entered on JustETF you will be shown this directly in the SaxoTrader.

Saxo Bank Experience 2

A click on the blue "Trade" button opens the trading module, where the purchase (or later a sale) can be ordered.

Let's say you have a budget of CHF 1,000 and therefore click the number of shares upwards until the nominal value shown matches your budget.

The duration of the order can also be set. The default setting here is G.T.C., which means "Good till Cancel". Alternatively, you can also set a time limit.

The trading fees in the example amount to CHF 3.73. You can have these explained to you by clicking on the "Trading fees" field:

Saxo Bank Experience 3

You will then receive an absolutely transparent insight into the exact Saxo Bank trading fees and an explanation of how the costs are incurred.

The SaxoTrader does not stop there, however, but even gives you the option of calculating the Saxo costs depending on the holding period by clicking on the “Costs” tab.

In the following screenshot, some things are cut off for reasons of space, but you will then be shown how high the custody account fees, the TER or other one-off and ongoing Saxo Bank fees are over the desired holding period! A very good feature, which we therefore emphasise here in the Saxo Bank Review!

Saxo Bank Experience 4

You can close these details again via the "X" at the top right and return to the previous view. If you click on "Place order", you will be taken to a final, clear display of your desired order and can then place it.

Saxo Bank Experience 5

Is there also a Saxo Bank review?

By acquiring BinckBank, Saxo Bank is able to offer a new, very affordable service for investors in Switzerland. However, if we could make a few wishes, we would improve a few aspects of the platform and thus improve the following Saxo Bank disadvantages:

  • Share register entry at Saxo: possible, but cumbersome.

    Since 2025, you have been able to participate in general meetings and exercise your voting rights via Saxo - using so-called proxy voting, i.e. digital proxy voting (more information here).

    In order to obtain a Saxo Bank name registration, a manual registration with a physical signature is required: You must fill out two forms (Power of Attorney + Global Agreement Form), sign them and send them by post to the UK.

    This is too time-consuming for many investors - with brokers such as Swissquote or PostFinance, however, the entry in the share register is made directly and digitally.

 
Note: In the past we had criticised the fact that no entry in the share register is possible, or that no automatic savings plan or, for example, a simplified user interface is available. Saxo has introduced all of these within a very short space of time!

SaxoTrader app, web or desktop solution?

You can use the SaxoTrader solution on various devices. You can use the standard SaxoTrader solution in the web browser or install the associated app on your mobile phone.

The web solution works tidy and is quickly grasped after a short time. It may be a bit much for beginners at first, but there is a big advantage. Help areawho can support you in its use.

The mobile version has over 1,000 ratings in the app store and scores 4.3 out of 5 stars, which is an extremely good rating.

In 2024, Saxo launched the simplified platform SaxoInvestor for beginners and long-term investors and AutoInvest - an automatic ETF savings plan with over 100 ETFs without purchase commissions.

Our financial tips for 2026

"Intelligent people learn from the mistakes of others".

We have compiled our top selection for you from all our tests and experience reports:

Online broker comparison trading platforms comparison Swiss broker comparison test
Swiss bank account recommendation test experience report account
swiizerfranke ebook investment guide switzerland pdf download
Pillar 3a Comparison Recommendation Experience Report
Crypto Broker Switzerland Comparison Buy Bitcoin
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Conclusion on the Saxo Bank Switzerland experience

The improved, now outstandingly favourable conditionscombined with the advanced platformmake Saxo Bank an optimal choice for price-sensitive investors in Switzerland. On the net you will find Very positive reviews for Saxo Bank Switzerland. On Trustpilot, for example, the score in the Saxo Bank test is 4.4/5 stars.

In the broker comparison, Saxo Bank clearly emerges as the cheapest provider in terms of trading fees.

The function for an automatic ETF savings plan works very well and the simplified user interface introduced in autumn 2024 is also very clever.

If you would like to take advantage of this opportunity and benefit from the low fees, please use the link below to open an account. This way you support this blog, which makes such research possible and you even receive 200 francs in trading fees gift!

Have you already switched and gained your own Saxo Bank experience? Feel free to share your test experiences in the comments!

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Open an account via this link to receive CHF 200

The exact Saxo conditions can be found here.

FAQ

Like Degiro, Saxo Bank also complies with FinSA requirements and therefore cannot offer all US ETFs to Swiss investors. In practice, however, this should not be a major problem for you. This is because you will probably be able to buy US ETFs with a Buy a domicile in Ireland or, for example, Luxembourg in order to optimise taxes. Example: You can also buy the popular iShares S&P 500 ETF domiciled in Ireland with a 0.1% TER from Saxo Bank.

Since July 2024, Saxo Bank has been offering Securities Lending for customers in Switzerland. 

The Securities Lending is optional, i.e. voluntary and is rewarded with an additional return.

The income is split 50/50 and the bank undertakes to provide corresponding collateral of at least 102%.

Watch out: Nevertheless, there are risks. If, for example, the bank itself becomes insolvent despite collateral (counterparty risk)your investments are at risk.

In contrast to other providers, Saxo appears to be in a safer position when it comes to securities lending, but Schwiizerfranke's general advice is not to enter into securities lending with relevant funds.

Saxo Bank underwent a significant change of ownership in March 2025: the renowned Swiss private bank J. Safra Sarasin has a Majority shareholding of 70% acquired. These shares were previously held by Geely Financials Denmark (a Chinese company) and the Mandatum Group.

The Founder and CEO of Saxo Bank, Kim Fournais, remains in his position and continues to hold around 28% of the shares, which for Stability ensures. Saxo Bank will continue to be independent company operate.

The new ownership structure of Saxo Bank is now as follows:

  • J. Safra Sarasin: 70%
  • Fournais Holding (CEO and founder): 28%
  • Minority shareholders: 2%
 

For Swiss investors, this change basically means a Additional securityas J. Safra Sarasin is now a Swiss bank with a long tradition holds the majority. Saxo Bank will of course remain regulated by FINMA and has a Fully-fledged Swiss banking licence with the usual Deposit protection up to CHF 100,000.

Sources: 

Financial author Eric Marschall certified investment advisor (IAF) independent financial expert Switzerland - certified financial expert switzerland
About the author

Eric is the founder of Schwiizerfranke.com and certified IAF wealth advisor. Since 2019, he has been helping Swiss citizens to organise their finances comprehensibly, independently and efficiently.

More about Eric & Schwiizerfranke

📌 Note: This article is for information purposes only and does not constitute personalised investment advice.

53 responses

  2. Is there a good portfolio tracking app with synchronisation capabilities for Saxo Bank? The Parqet app doesn't offer this feature, but perhaps someone knows of another app that does.

    Reply
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Saxo Bank Experience Report: SaxoTrader Review
Saxo Bank Experience 6

Saxo Bank offers free ETF savings plans and no custody fees. How Saxo Bank performed in the 2026 test...

Price Currency: CHF

Operating System: Web

Application Category: Investment

Editor's Rating:
4.7
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