In the world of investments, it's a constant race for the best conditions and the most efficient service. The Saxo Bank Switzerland has its Pricing permanently revised and positions 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 readersthe question arises:
Is Saxo the new top platform for your investments in Switzerland?
Saxo Bank was founded in Denmark in 1992 and has a location in Switzerland since 2008. You can find their new 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 built up a client base of More than 1 million customers worldwide. In 2025, Saxo will therefore have a total of over 100 billion in assets under management and can therefore Extremely favourable conditions offer. This move positions Saxo Bank well ahead in the Swiss market, even ahead of established providers such as Swissquote.
You can find the exact Saxo conditions here described.
"Intelligent people learn from the mistakes of others".
We have compiled our top selection for you from all our tests and experience reports:
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:
Saxo has 3 account groups, which makes the Saxo conditions even better:
But how do Saxo Bank's prices actually compare with Swissquote and the like?
| Comparison criterion | Saxo Bank | Swissquote |
|---|---|---|
| Order fees for international ETFs (orders over CHF 1,000) | CHF 3 | CHF 5.50 (ETF Leaders) |
| Account management fees per year (deposit of CHF 30,000) | CHF 0 | CHF 80 |
| Swiss deposit insurance | Yes | Yes |
| Offer for our readers | CHF 200 Trading Credits | CHF 100 Trading Credits |
In addition to the low trading fees, Saxo Bank offers a number of other advantages:
You can find the exact Saxo conditions here described.
"Intelligent people learn from the mistakes of others".
We have compiled our top selection for you from all our tests and experience reports:
If you are in the SaxoTrader you can, for example, log in via the Search search for securities at the top right and optionally even for Filter security 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.
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:
You will then receive an absolutely transparent insight into the exact Saxo Bank trading fees and an explanation of how the costs are incurred.
SaxoTrader doesn't stop there, however, but even gives you the option of changing the costs by clicking on the “Costs” tab. Saxo costs to be calculated according to holding period.
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!
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.
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 - by means of a so-called Proxy Votingi.e. a digital proxy voting system (more info 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.
You can use the SaxoTrader solution on different devices. You can use the standard SaxoTrader solution in the Web browser or use the corresponding 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.
"Intelligent people learn from the mistakes of others".
We have compiled our top selection for you from all our tests and experience reports:
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.
Saxo Bank is Broker comparison in the comparison of trading fees clearly as Most favourable provider out.
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!
You can find the exact Saxo conditions here described.
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:
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:
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.
📌 Note: This article is for information purposes only and does not constitute personalised investment advice.
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
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.