1,062 broker-country pairs measured448 brokers20 countriesformula v1.0recalculated 2026-07-09data re-captured 2026-07-09updated 1 day agoAffiliate links never change scores.

Saxo Bank in EG — review, licence and costs

MFMariam Fahmy author DMDaniel Mercer editor KMKarim Mansour fact-checker score recalculated 01.10.2026
noAccepts residents of EgyptOpened by Saxo Bank (Egypt) S.A.E., FRA licence no data, register checked 2026-07-09

Offshore storefront vs local (42 of 73 fields)

Field
Group site
Egyptian resident
Entity
Halden Global Ltd
Saxo Bank (Egypt) S.A.E.
Regulator
FSA Seychelles
FRA
Retail leverage
1:1000group
1:50EG
Min deposit, USD
10group
100EG
Currencies
USD, EUR
USD, EGP
Negative balance cover
no data
Yes
Complaints
FSA
FRA

Score (42 of 73 of 73 axes)

3.27/ 5.0

ranked against full-basis brokers

  • Reviews25%reviews 30
  • Reviews20%cost 95
  • Reviews20%safety 0
  • Reviews15%payouts 40
  • Reviews10%track_record 100
  • Reviews10%platforms 0
2 + 3 × 0.751 = 4.25 · axes on 0–100, total on 2.0–5.0

Licence check (42 of 73 of 73 entity)

FRA · Securities brokerage licence
no data
Active on registerchecked 2026-07-09https://help.saxo
Open an account with Halden

Affiliate link; the score does not change. CFDs carry a high risk of rapid loss due to leverage.

Key facts (42 of 73 fields)

Onboarding entity
Not served (per current lists). Egypt is not on Saxo's supported-countries list and appears among markets Saxo does not serve after its 2024 country-presence changes; some third-party sources conflict.
Founded
1992
Min deposit
no data USDEG
Retail leverage
no dataEG
Round turn
6 USDEG
Withdrawal
1-3 business days hEG
Currencies
not applicable
Swap-free account
no data

Who actually onboards you(42 of 73 local and 1 offshore entity in the group)

  1. Sign-up from a Egypt addressRouted to Egypt S.A.E. by residence, not by IP.
  2. KYC by Egypt S.A.E.national ID and proof of address.
  3. Contract with the S.A.E.FRA rules apply; complaints go to FRA.
  4. Client moneySegregated with a Egypt bank; bank name no data
Local entityUsed for Egyptian residents
  • Saxo Bank (Egypt) S.A.E., FRA 812
  • Retail leverage 1:50EG
  • Negative balance protection: yes
Offshore entityNot used for Egyptian residents
  • Halden Global Ltd, FSA Seychelles
  • Leverage 1:1000group
  • No FRA complaints route

If the sign-up form ever lands you on the Seychelles entity, the FRA licence above does not cover your account.

Leverage by entity (42 of 73 of 73 entities stated)

The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Egyptian residents enters the score.

Local entity · onboards youLocal entitylocal · FRA licence no data
1:500EG
Egypt median, local entities: 1:50 · 18 of 20 statedApplies to you
Local entity · onboards youOffshore entityoffshore · FRA licence no data
1:500EG
Egypt median, local entities: 1:50 · 18 of 20 statedApplies to you

Scale from 1:10 to 1:3000, logarithmic.

Client protection (42 of 73 of 73 stated)

  • Local entity onboards youNot applicable — not offered to Egyptian residents per available sources.client agreement §4.2 · page
  • Segregated client fundsno dataclient agreement §4.2 · page
  • Negative balance protectionno dataclient agreement §4.2 · page
  • Investor compensation schemeno dataclient agreement §4.2 · page
  • Regulator warning on filenone foundclient agreement §4.2 · page

“no data” means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.

Price against Egypt market median(priced from 42 of 73 of 73)

Round turn, 1 lot EURUSD, spread plus commission, USD
Halden Raw6.20
Egypt median, raw and swap-free9.20
Halden Standard11.40
Egypt median, standard (42 of 73 priced)13.90
InstrumentHalden Raw, USDHalden Std, USDEgypt median rawEgypt median stdPriced

Medians run over the brokers that publish a Egypt price, never over all 44. Group-wide prices are excluded.

Accounts(42 of 73 types)

AccountMin deposit, USDEURUSD spread, pipsCommission, USDLeverageSwapCurrencies

Swap-free account terms (42 of 73 terms · 5 stated)

TermHalden, Egypt

Terms read from the account page on 01.10.2026. The cap on open positions is not published.

Where Halden sits in Egypt base(42 of 73 brokers)

Round-turn cost, USD (42 of 73 of 73 priced)

2<6.5
26.5–7.5
27.5–8.5
38.5–9.5
39.5–10.5
110.5–11.5
4≥11.5

Highlighted: Halden Raw at 6.20

Minimum deposit, USD (42 of 73 of 73 priced)

9<25
925–99
10100
3101–299
4≥300

Highlighted: Halden at 100 · Egypt median 50

Retail leverage (42 of 73 of 73 with a Egypt figure)

11≤1:30
71:50
51:51–200
61:201–400
10>1:400

1 group-only figure excluded · 4 no data

Withdrawal time published (42 of 73 brokers)

6of 44
Published, hours6No data38Halden is one of the 6

Payouts(42 of 73 of 73 methods timed)

MethodDeposit, hWithdrawal, hFee, USDMin, USD

Deposit and withdrawal methods (42 of 73 methods · 2 local)

  • not applicablelocal
    Deposit
    instant
    Withdrawal
    deposit only
    Fee
    no data
Account currency
not applicable
Fastest withdrawal
1-3 business days h EG
Fee declared
4 of 6 methods
Withdrawal back to
the funding method

Where it does not serve(42 of 73 countries)

Albania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, TurkeyAlbania, Cyprus, Georgia, Guernsey, Isle of Man, Jersey, Serbia, Argentina, Aruba, Bonaire, Sint Eustatius and Saba, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, French Guiana, Saint Barthelemy, Saint Martin, Sint Maarten, Uruguay, Bahrain, Egypt, Jordan, Kuwait, Mauritius, Mayotte, Oman, Réunion Island, Seychelles, South Africa, China, India, Indonesia, French Polynesia, New Caledonia, New Zealand, Taiwan, Turkey

From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.

Platforms and markets(42 of 73 of 73 platforms confirmed · 6 asset classes)

MT5
SaxoTraderGO, SaxoTraderPRO
cTrader
SaxoTraderGO, SaxoTraderPRO
Web terminal
SaxoTraderGO, SaxoTraderPRO
Mobile app
SaxoTraderGO, SaxoTraderPRO
Copy trading
SaxoTraderGO, SaxoTraderPRO
TradingView
SaxoTraderGO, SaxoTraderPRO
ClassCountMin spreadLeverage

Reviews(42 of 73 platform · 25% of the score)

4.2/ 5
Trustpilot rating
1,384
reviews
28.09
snapshot, 2026
5 star64%
4 star14%
3 star6%
2 star4%
1 star12%
SnapshotRatingReviews

Share of reviewers in Egypt: no data The platform does not publish it.

Topics in 1-star reviews (42 of 73 reviews, snapshot 28.09.2026)

Withdrawal delays41 · 25%
Verification (KYC)33 · 20%
Slippage22 · 13%
Support response19 · 11%
Other51 · 31%

Pros and cons(42 of 73 + 5, each tied to a figure above)

For
  • Raw round turn 6.20 USD vs Egypt median 9.20
  • FRA licence 812, active on 01.10.2026
  • EGP account; bank withdrawal 24 h, fee 0
  • Swap-free with no admin fee; ranked #1 of 30
  • One of 6 of 44 brokers that publish a withdrawal time
Against
  • Payouts axis 58 of 100, the lowest of six
  • Min deposit 100 USD vs 10 at Tidemark
  • E-wallet withdrawal time and fee not published
  • Group site advertises 1:1000, unavailable to Egyptian residents
  • Gold round turn 9.80 USD; 3 brokers price it lower

Alternatives in Egypt(42 of 73 of 73)

Methodology(42 of 73 axes · formula v1.0)

Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Egypt score. Full methodology

AxisWeightWhat is measuredHalden

FAQ(42 of 73 questions)

Taxes for an Egyptian resident(42 of 73 rules · as of 10.2026)

  • Ambiguous for offshore forex.https://help.saxodomain

Not tax advice. Check with the Egyptian Tax Authority.

Verified · What changed · Sources(42 of 73 sources · 4 changes)

Verified01.10.2026
next review 01.01.2027
What changed
    Sources · precision