That doesnt sound very goodâŠ
I was considering to open an account with saxo. But stuff like that is really a show stopper for me.
Fine for small amounts, but saving 100 chf per year and risking to lose assets in a worst case⊠nono
It seems though its not saxo originally.
They acquired another broker and the fine is related to the acquired entity, which is owned by saxo.
I assume the integration was not completed and saxo may be ok. But obviously thats not good news if a parent company fails to comply with regulation for their subsidiary
I think itâs best to wait to find out who is the owner. Maybe itâs IBKR 
Yes, the chances are everything will be fine after they will have sorted out the mess related to Bink.
The red flag is that only external people found that out, so their internal risk people failed. Not very promissing.
I would not take the risk, though. Just wait and see, i hope in two years it will become clear.
Wasnât there also a rumour, that they are aming to sell their business and for that they are generating huge NNA?
Yeah, I know, a rumour is not as one would talk about a secured fact. But since itâs an M&A topic, there are rumours until the last minute.
Phuu feel a bit stupid/unlucky having just opened an account with Saxo last year (my first broker ever). On the one hand good with all the cost reductions, on the other hand bad because of the negative headlines.
Nevertheless, the account should be secured up to 100k investments, right?
Or should I pause my planned deposits (3-4k per month) due to the negative headlines? Any recommendations? Thank you 
I donât think itâs anything to worry about . Itâs more something to be aware of
iâm thinking about switching from corner trader to saxo bank because the new corner interface is a disaster.
is there anyone for whom saxo bank has paid the transfer fees for a securities account transfer (regardless of which broker the transfer was made from)?
Common misunderstanding. The 100k are only for cash. Securities are handled very differently, as so called âSondervermögenâ. With essentially unlimited protection.
Saxo is third largest brokerage in Europe based on this comparison. I think they are big enough already
There is a recent article at Insideparadeplatz: Safra will Saxo â weil eigene Digital-Bank zum Fiasko wurde â Inside Paradeplatz
âSaxo said in July that it hired Goldman Sachs Group Inc. to sell itself. The firmâs major shareholders include Geely Holding Group, Finlandâs Mandatum Oyj and founder Kim Fournais. Interactive Brokers Group Inc. and a consortium of Altor Equity Partners and Centerbridge Partners were among suitors that showed initial interest in Saxo, Bloomberg News reported in October.â (Safra Sarasin Is Said to Explore Deal for Denmarkâs Saxo Bank - SWI swissinfo.ch)
Must be madness, potentially spending a few billion because they canât set up their own digital banking? Seems like Goldman are worth the money to saxo in that case 
I am also wondering why Safra would do that - I guess that only a fraction of Saxoâs clients fits the targeted clients for Safra Sarasin.
Maybe they will increase the fees once they purchased Saxo, but only for non-Safra clients. Who knows.
Diversification
In order for it to enter the mass affluent market by integrating into an existing structure and teams within their large organization.
Just reading this new article Saxo Bank Review 2025: best Swiss broker (for beginners)
So the question I have is, Can I still vote and attend AGM while paying no custody fee?
Do you mean Saxoâs AGM or the AGM of the stocks you own?
Iâm not sure if Saxo allows you to register shares. Saxo itself isnât publicly listed.
I mean that AGM of other stocks I own. Yes, I am asking if they can register the shares in my name.
Easier to look directly at Saxo website. It took me less than 10 minutes to find the information:
Itâs possible for a fee. Donât hesitate to contact Saxo directly for further information.