I believe I had closed my mother's Saxo Trading account down about 6 years ago. About a year later I started to receive corporate actions on my mother's account. I contacted Saxo on several occasion... See more
Company replied

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I believe I had closed my mother's Saxo Trading account down about 6 years ago. About a year later I started to receive corporate actions on my mother's account. I contacted Saxo on several occasion... See more
Company replied
Jaya was brilliant ; She knew her stuff and was able to effortlessly guide me through a complicated procedure to do with changing currencies and downloading these. She advised leaving the funds one... See more
Company replied
One of the reasons I use Saxo is their excellent client service. Jaya is a shining example of that. She has excellent product knowledge and superb client communication skills. She knew exactly how the... See more
Company replied
Excellent Platform - quick and easy to learn how to get around, add stocks that are of interest, place orders etc. There is a lot of info provided in each share, plus daily newsfeed within each sto... 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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Same as other bad reviews: Saxo Bank will lock your account in a heartbeat.
They send emails from no-reply email addresses, unclear messages on the platform such as "please send relevant documentation".
What exactly is "relevant documentation"?
If you send documentation that doesn't fit what Saxo Bank wants (which is never clear) they send you the exact same message again: "send relevant documentation". No explanation about what they want specifically.
It is a big waste of your time. They fire off bot-like messages and you have to compose actual replies all of which takes time. Of course, they have all the power so what can you do other than give them a bad review here.
Update:
Saxo has replied to my review asking me to 'add' my ID number. It is indicative of their approach that they ask a client to post their ID number on a public website.
And the reply says "I’m here to help, and I encourage you to reach out directly so we can address your concerns swiftly." As if I haven't already spent weeks trying to get the matter resolved by speaking directly to their client support.
On the same date as this review, I sent them a notice of legal action so, if they cared to do a little bit of homework, they will know who I am anyway.
They are very quick to reply to bad reviews with a cut & paste piece of text but very slow to reply to direct complaints about their service. Perhaps the person who is busy monitoring reviews on Trustpilot would be better employed responding to complaints send directly to Saxo Bank.

Reply from Saxo Group - Saxo UK
Had an issue with my account, and Ashvin helped resolve it to it's conclusion.
He was very helpful throughout.

Reply from Saxo Group - Saxo UK
I forgot my password. I clicked on the "forgot password" link, I've not received the email to reset my password (I checked my spam).
I looked online and there is no contact email for Saxo customer services.
Do people really trust their money to a company like this?

Reply from Saxo Group - Saxo UK
Call was answered promptly. The service agent, Arpit Ghanhi, was very helpful, called back twice when he said he would after speaking several times with the payments team. He was persistent and resolved my issue, which other agents hadn't been able to do when I called previously.

Reply from Saxo Group - Saxo UK
Saxo’s trading platform is decent and fairly priced, offering acceptable access to global markets and a reasonable range of products for a retail investor platform. However, key areas — particularly fixed income — feel a bit underdeveloped and poorly supported.
Where Saxo truly falls short is in customer service. The support system appears intentionally designed to block access to real assistance. The AI chatbot is unable to handle anything beyond basic queries, and attempts to contact a human agent or raise a support ticket lead to an endless, frustrating loop back to the bot. Some situations become genuinely Kafkaesque. Even when a live agent is reached, they often deflect responsibility or refer users back to the same ineffective process.

Reply from Saxo Group - Saxo UK
He was prompt and could reply to my query instantly.

Reply from Saxo Group - Saxo UK
Avoid!
Easy to deposit money, hard to withdraw. It’s been more than two weeks since I started to process to set up the withdrawal account, still waiting. Online chat keeps dropping, replying to messages are slow or non responsive. The phone number seems to be unstaffed - every time I called I get “all agents are busy, please wait. You are number one in line…”

Reply from Saxo Group - Saxo UK
We were having a difficult time, completing the necessary forms and sending documents to Saxo.
Then we had Shivam on the phone and he was marvellous; he was patient and constructive and very helpful. We were so relieved to be able to complete our transaction.

Reply from Saxo Group - Saxo UK

Reply from Saxo Group - Saxo UK
Great Platform for people that want a wide range of instruments, ranging from equites and bonds to ETFs and mutual funds.

Reply from Saxo Group - Saxo UK
For anyone who might be in a similar situation as me (account placed on restrictions while client renewals team take their time reviewing personal details) or for those who might find themselves at the receiving end in the future, here is what Google AI recommends on how to deal with it:
“When facing a Kafkaesque situation, one should first acknowledge the absurdity and lack of logic, then try to find a small area of control or understanding, and finally, consider seeking help or support. It's crucial to remember that these situations are designed to be overwhelming, so maintaining some sense of self and seeking clarity is vital”

Reply from Saxo Group - Saxo UK
Anurag was very calm, measured and helpful. Took me through the process and got me the answers I needed. Great support.

Reply from Saxo Group - Saxo UK
What a crappy bank. They threw me off their investor platform (after 6 years) just because of my nationality. Steer Clear!

Reply from Saxo Group - Saxo UK
A great experience with Saxo. Lucy supported us brilliantly through the process. Other banks were unable to support our requirements, but Lucy went above and beyond to help us, by taking the time to understand, guide and solve with great communication and support. Lucy is a real asset to this company.

Reply from Saxo Group - Saxo UK
Great customer service! Shivam cleared all my doubts around the transfer of my SIIP to Saxo.

Reply from Saxo Group - Saxo UK
This is the most unprofessional company in the finance world. No support, any reps connection is useless as all they do is collect info and send it off to some unknown internal person. 5 days later some idiotic responses come from back office/compliance. No understanding of the issues, zero inters in keeping clients. No way to obtain any clarification. For more than a month I have been trying to correct basic information on my file which Saxo put there in error. Still not fixed. God forbid to have any dispute with them about any money matter. Will move to another broker

Reply from Saxo Group - Saxo UK
Great patience from Aditya for someone whose modern telephone skills are inadequate. Nothing was to much trouble

Reply from Saxo Group - Saxo UK
From the moment our support session began,Mukesh was nothing short of . I came in with a long list of questions about the SAXO trading platform, and not once did I feel rushed or brushed off. Aditya took the time to explain everything — clearly, patiently, and in a way that actually made sense. His depth of knowledge and calm approach turned what initially felt overwhelming into something I could confidently navigate. He didn’t just offer solutions — he taught me, which makes all the difference. Honestly, it felt like he had all the time in the world just for me. Support like this is rare. Aditya, thank you for your outstanding guidance — you’re a credit to the SAXO team.

Reply from Saxo Group - Saxo UK
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