# Saxo — SaxoTrader Denmark / international research scope · Saxo Bank A/S (international website scope; contract entity depends on residence). Documentation reviewed. Reference page: /demo-accounts/saxo-web-dk.html Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance. ## Research checked 2026-10-12 ## Testing status Not tested ## Recorded virtual amount 100000 ## Recorded currency USD ## Virtual funds USD 100,000 ## Balance qualifications USD ## Expiry category fixed ## Expiry rule 20 days ## Expiry qualifications ## Evidence category Documentation reviewed ## Signup requirements Personal demo registration; exact fields not stated in retrieved page ## Notes and remaining checks Current product name SaxoTrader. Existing live clients are directed to support for demo creation. ## Record ID saxo-web-dk ## Broker Saxo ## Legal entity Saxo Bank A/S (international website scope; contract entity depends on residence) ## Research region codes - DK ## Research region code DK ## Research region Denmark / international ## Research scope Denmark / international website ## Platform code web ## Platform SaxoTrader ## Documented terms Simulation; detailed demo/live execution differences not stated ## Balance reset or adjustment Not stated ## Live account or deposit No; demo offered before opening live account ## Devices Web; mobile; desktop ## Forex coverage Forex available; demo pair count not stated ## Eligibility and regional limits Website says contractual entity depends on residence; Forex availability also varies by residence. No universal eligibility claim. ## What the evidence establishes Official broker documentation; signup and trading not tested. ## Supporting sources - [Saxo international demo account]() — source ID: saxo-1 - [SaxoTrader platform]() — source ID: saxo-2 - [Register for Saxo demo]() — source ID: saxo-3 ## Official information source [Saxo international demo account]() ## Entity and regulatory research ### Evidence status Partially verified / Needs checking ### Legal entity Saxo Bank A/S verified as parent and international website service provider; exact residence-specific demo contracting entity not established ### Regulator Danish Financial Supervisory Authority (Finanstilsynet) — verified parent only ### Finding The parent bank is directly verified in the Danish FSA register. Public international website Terms of Use name Saxo Bank A/S as provider of website services/software. However, the demo registration consent names the Saxo Bank Group, not one legal entity, and the same page says client agreements use the relevant Saxo entity according to residence. The linked disclaimer discusses demo accounts with any group entity. These sources establish a connection to the verified parent, but do not justify assigning every international demo to Saxo Bank A/S. ### Scope Original international offering preserved. Website-service provider, group marketing/data consent, regulated parent, and demo contracting counterparty are distinct facts. No account created, personal data entered, consent submitted, support contacted or country-specific allocation inferred. Parent bank authorisation does not verify all group entities or residence eligibility. ### Supporting sources - [Finanstilsynet virksomhedsregister — Saxo Bank A/S]() — source ID: saxo-reg-1 - [Saxo international demo landing page and public signup modal]() — source ID: saxo-reg-2 - [Saxo international Terms of Use]() — source ID: saxo-reg-3 - [Saxo international disclaimer]() — source ID: saxo-reg-4 ## Official entry route ### Route type demo-page ### Notes and remaining checks Broker demo page; select your platform to continue. ### Evidence status Official entry route ### URL https://www.home.saxo/accounts/try-free-demo ### Route source https://www.home.saxo/accounts/try-free-demo ### Research checked 2026-10-13 ### Testing status Not tested ## Execution and demo realism ### Scope Saxo Bank A/S · international parent scope; residence determines the contracting entity. Policy includes rolling spot FX but does not assign one capacity to every order. ### Testing status Not tested ### Contractual role #### Finding Mixed #### Evidence status Documented #### Notes and remaining checks The February 2026 summary allows principal, riskless-principal or agency execution. This is the policy's range of capacities, not a claim that each Forex order uses all three. #### Supporting sources - [Saxo Bank A/S Order Execution Summary, February 2026]() — source ID: ex-c-saxo-policy #### Research checked 2026-10-13 ### Execution arrangement #### Finding Internal liquidity and external venues #### Evidence status Broker-reported #### Notes and remaining checks The summary lists internal books and external venues; internal execution risks can be aggregated and hedged elsewhere. #### Supporting sources - [Saxo Bank A/S Order Execution Summary, February 2026]() — source ID: ex-c-saxo-policy #### Research checked 2026-10-13 ### Demo realism #### Finding Requires Verification #### Evidence status Requires Verification #### Notes and remaining checks The international demo landing establishes virtual practice but does not describe slippage, rejects, liquidity or fee equivalence for the current SaxoTrader demo. API simulation limitations were not transferred to this offering. #### Supporting sources - [Saxo international demo account]() — source ID: ex-c-saxo-demo #### Research checked 2026-10-13 ### Research review #### Research checked 2026-10-13 #### Review outcome Role: Mixed; Arrangement: Internal liquidity and external venues; Demo: Requires Verification. Official documentation review only; no account or order tests. #### Remaining checks - Confirm residence-specific contracting entity and capacity for the exact FX instrument. - Obtain current SaxoTrader demo/live execution specification. ## Demo markets ### Scope Saxo Bank A/S (international website scope; contract entity depends on residence) · Denmark / international · SaxoTrader. Market coverage not yet reviewed. ### Testing status Not tested ### Forex CFDs #### Evidence status Requires Verification #### Notes and remaining checks Forex CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ### Cryptocurrency CFDs #### Evidence status Requires Verification #### Notes and remaining checks Cryptocurrency CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ## API access ### Evidence status Requires Verification ### Type Requires Verification ### Access route Not established for this offering ### Notes and remaining checks API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable. ### Requirements Confirm the account, platform and regional requirements with the broker. ### Supporting sources No supporting source recorded for this field. ### Official documentation No supporting source recorded for this field. ### Research checked Requires Verification ### Testing status Not tested ## Official sources ### Saxo international demo account Source ID: ex-c-saxo-demo https://www.home.saxo/accounts/try-free-demo #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Demo description and residence-to-entity footer #### Source access note Official page/PDF opened and read; no account opened or trading tested. ### Saxo Bank A/S Order Execution Summary, February 2026 Source ID: ex-c-saxo-policy https://www.home.saxo/-/media/documents/business-terms-and-policies/order-execution-summary.pdf #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Pages 2, 4-7: scope, Execution Venues, Execution of Client Orders, Aggregation and split #### Source access note Web text tool failed; ordinary HTTP GET returned 200 application/pdf; all eight pages extracted in memory with pypdf. ### Saxo international demo account Source ID: saxo-1 https://www.home.saxo/accounts/try-free-demo #### claims 20 days, USD 100,000, SaxoTrader web/mobile/desktop; separate live signup; international parent and residence-based entity allocation. #### Research checked 2026-10-12 #### evidence status Documented; not account-tested ### SaxoTrader platform Source ID: saxo-2 https://www.home.saxo/platforms/saxotrader #### claims Forex supported on platform; product availability varies by residence; demo link. #### Research checked 2026-10-12 #### evidence status Documented; not account-tested ### Register for Saxo demo Source ID: saxo-3 https://www.help.saxo/hc/en-us/articles/360001261303-How-do-I-register-for-a-free-demo-account #### claims 20-day demo before live account; existing live clients should request demo via support. #### Research checked 2026-10-12 #### evidence status Documented; not account-tested ### Finanstilsynet virksomhedsregister — Saxo Bank A/S Source ID: saxo-reg-1 https://virksomhedsregister.finanstilsynet.dk/virksomhed-under-tilsyn.html?v=BDA79612-2F3B-E311-9E18-0050568340B9 #### Source owner Regulator #### Evidence category Saxo Bank A/S; CVR15731249; FTID1149; Denmark; credit-institution area; type Pengeinstitutter; subtype Bank; domestic investment-services permissions (Annex1 sectionA items1,2,4,5). #### source date Live register accessed 2026-10-12; no record last-updated timestamp shown #### Source access note Reconfirmed directly in a freshly loaded rendered regulator page during this follow-up; exact name, CVR, FTID, Bank subtype and domestic permissions read. Not broker licensing evidence. Register presents bank and permissions rather than a separate Current badge. ### Saxo international demo landing page and public signup modal Source ID: saxo-reg-2 https://www.home.saxo/accounts/try-free-demo #### Source owner Broker #### Evidence category Footer identifies Saxo Bank A/S headquarters and says client agreements use the relevant Saxo entity based on residence. Demo modal requests full name,email,country/region,mobile,password; agreement consent names Saxo Bank Group, and contact language names Saxo Bank A/S or anyone in group. No specific demo legal counterparty displayed before registration. #### source date Observed 2026-10-12; no publication date shown #### Source access note Opened actual demo modal in Chrome; no personal information entered, no checkbox accepted and no Submit action. Australia was already selected by the page. ### Saxo international Terms of Use Source ID: saxo-reg-3 https://www.home.saxo/legal/terms-of-use/saxo-terms-of-use #### Source owner Broker #### Evidence category Terms identify Saxo Bank A/S as provider of the website services, agreements and software; Danish law/courts apply to that agreement. This supports website-provider identity, not an unqualified demo-counterparty assignment for every residence. #### source date Accessed 2026-10-12; no publication date shown #### Source access note Official broker legal page opened and read; not regulator evidence. ### Saxo international disclaimer Source ID: saxo-reg-4 https://www.home.saxo/legal/disclaimer/saxo-disclaimer #### Source owner Broker #### Evidence category International site information relates to parent Saxo Bank A/S and specified branches; several subsidiary-country clients are directed to local sites. Client relationships use relevant entity business terms. Privacy section explicitly discusses signing up for demo or live accounts with any entity of Saxo Bank Group. #### source date Accessed 2026-10-12; no publication date shown #### Source access note Official disclaimer linked by demo consent read. General group statement does not resolve exact demo entity; its supervision statement was not used as regulator verification.