Report a scam Find my broker
Brokers  /  Saxo-fx24

Saxo-fx24

High riskForex / CFD broker
🇨🇳 China · 2-5 years · since 2022-06-27 · Saxo-fx24
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
54/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.47/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from Saxo-fx24? Our free assistant writes up your case and shows exactly what to do next →
🇺🇸
No sign that Saxo-fx24 actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
54
High risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)10010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameSaxo-fx24
Headquarters🇨🇳 China
Founded2022-06-27
Years operating2-5 years
Employees0
Official websitesaxofx-24.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Saxo-fx24 is a China-registered entity with no known regulatory licences and a high risk score. Independent public information is almost non-existent, and the broker's name strongly resembles a well-regulated Danish bank, raising potential concerns. FXCanary advises extreme caution and recommends avoiding this broker until its legitimacy can be verified.

Best for
  • Not applicable – insufficient data
Not for
  • Traders requiring regulated oversight
  • Anyone seeking transparent operational history
Period:

Real user reviews

Similar brokers

TD Ameritrade
China · TP 1.8
Severe ⇄ Compare with Saxo-fx24
Live Traders
China · TP 3.7
Guarded ⇄ Compare with Saxo-fx24
Swiss Capital
China · TP 2.2
Severe ⇄ Compare with Saxo-fx24
TOPMARKETCAP
China · TP 1.5
Severe ⇄ Compare with Saxo-fx24

About Saxo-fx24

Overview

Saxo-fx24 was registered in China on 27 June 2022 and operates from the domain saxofx-24.com. There are no regulatory licences on file for this entity, and publicly available independent information is extremely limited.

Given the lack of verified operational data, traders should exercise heightened caution. The broker's name deliberately mimics the well-known Danish investment bank Saxo, which is not affiliated with this entity. FXCanary cannot confirm any account types, platforms, instruments, or funding methods as no official website content was accessible for review.

Risk Considerations

With an FXCanary Scam Risk Score of 54/100 (Elevated), this broker presents a high level of uncertainty. The absence of regulatory oversight and verifiable history means that traders have no formal recourse in case of disputes.

Until independent evidence of its operations becomes available, Saxo-fx24 should be approached with significant caution. FXCanary cannot recommend this broker for any trading activity in its current state.

Overview compiled by FXCanary from regulatory records and public data. full Saxo-fx24 review