Online brokerage and multi-asset trading platforms
Strategic Profile
As of March 2026, J. Safra Sarasin Group completed its acquisition of a majority stake in Saxo Bank, a fintech bank serving investors, traders, and institutional partners. The deal is part of J. Safra Sarasin Group's plan to complement its existing private banking and wealth management businesses with digital capabilities. With the acquisition, Kim Fournais became chairman of the board of Saxo Bank, and Daniel Belfer (formerly CEO of J. Safra Sarasin) became its chief executive officer.
Cyborg Score Rationale
In April 2026, Saxo reported 2025 total income of DKK 4.957 billion, net profit of DKK 539 million, and 1.523 million clients with client assets of DKK 995 billion. Saxo Bank offers 70,000+ instruments—one of the largest selections in the industry. Recent regulatory challenges partially offset strong market position.
Top Insights
J. Safra Sarasin Group completed acquisition of 71% of Saxo Bank in March 2026, buying shares previously held by Geely Financials and Mandatum Group.
Saxo serves over 1.5 million clients globally with EUR 115 billion in client assets under management.
Saxo Bank's pricing overhaul from 2024 remains in effect for 2026, offering competitive tiered commissions with US Stocks at $1 minimum for Classic accounts.
In December 2024, the Netherlands Authority for the Financial Markets imposed a €1.6 million fine for failures in asset segregation and customer service compliance at BinckBank (acquired 2019).
Interactive Brokers — Professional multi-asset trading platform
CMC Markets — Global CFD and derivatives trading platform
Recent Developments
(January 2026) Securities and Futures Commission fined Saxo Capital Markets HK Limited HK$4 million for breaches involving virtual asset product distribution—Hong Kong's first such penalty.