The Rock 
Est. 1992 · Based in DenmarkRegulatory record
| Date | Authority | Record | Amount | Status | Primary source |
|---|---|---|---|---|---|
| ASICAustralia's corporate and financial services regulator; Australia | Client remediation for self-reported leverage limit breaches | None | Historical | "23-298MR ASIC oversees more than $17.4 million in compensation to retail investors by OTC derivative issuers"Australian Securities and Investments Commission, fetched 9 October 2026 | |
| ASICAustralia's corporate and financial services regulator; Australia | Enforcement order | None | Resolved | "23-127MR Saxo Capital Markets amends TMDs following ASIC stop orders"Australian Securities and Investments Commission, fetched 9 October 2026 |
Our verdict on Saxo Bank
Best for: Australian traders who want Bitcoin or Ethereum price exposure in fiat-settled CFD form alongside other FX products.
Not ideal for: Traders seeking a broad altcoin CFD range or crypto-denominated settlement.
What we checked
- Australian retail CFD document: Totality Australian crypto FX CFD page (formerly Saxo AU), checked 4 October 2026. Document
- Contracting entity: Totality Wealth Limited, from Trade Crypto FX CFDs with Totality (formerly Saxo AU), fetched 9 October 2026. Source
- Register lookup: ASIC Australian Financial Services Licensee Register (ASIC dataset on data.gov.au), 9 October 2026: listed, current. Entity: Totality Wealth Limited, AFSL 280372. Register
- Regulatory and reputation screen: 9 October 2026. Methodology
- Third-party ratings captured: 2 October 2026. Ratings
Not checked: opening an account, deposits, withdrawals, live orders and customer support.
Who checked this page: our research process, in which an AI language model works from the sources listed and automated checks compare figures with those sources. No named person has reviewed this page.
CFDs are leveraged products and most retail clients lose money. ASIC reported that 68% of retail CFD investors lost money in the 2024 financial year. ASIC media release 26-004MR
Affiliate link. We may receive payment when you click through to a partner site.
Pros
- Australian product page clearly identifies the crypto FX CFD pairs offered
- Retail and wholesale margin requirements are listed separately
- Page confirms no ownership of the underlying cryptocurrency
Cons
- Sourced Australian crypto FX page covers Bitcoin and Ethereum only; wider altcoin access is not established here
- No crypto deposits or withdrawals are accepted; profit and loss settles in the pair's fiat currency
- Leverage and eligibility fields were not established by this selected check
Australian retail crypto CFD scope
Entries rely on provider declarations and document versions, except the register status row, which shows our register lookup.
| Field | Recorded value | Scope and limits | Primary source checked |
|---|---|---|---|
| Australian service entity | Totality Wealth Limited (formerly Saxo Capital Markets (Australia)) | Totality Australian crypto FX CFD page (formerly Saxo AU) ↗Australian company footer | |
| Entity identifier | ABN 32 110 128 286 | Totality Australian crypto FX CFD page (formerly Saxo AU) ↗Australian company footer | |
| Provider-declared AFS licence | 280372 | Provider declaration only. Independent current ASIC register status was not checked. | Totality Australian crypto FX CFD page (formerly Saxo AU) ↗Australian company footer |
| Independent current register status | Register lookup: listed, current | Totality Wealth Limited, AFSL 280372 | |
| Checked product | Bitcoin and Ethereum crypto FX CFDs against USD, EUR and JPY | ||
| Client classification | Retail and wholesale requirements listed separately; this table uses retail only | Totality Australian crypto FX CFD page (formerly Saxo AU) ↗Margin requirements FAQ | |
| Australian retail crypto CFD leverage | Not confirmed | This selected product-page check does not establish this field. Check the current account documents. | No primary source check recorded |
| Application and trading access | Not confirmed | This selected product-page check does not establish this field. Check the current account documents. | No primary source check recorded |
| Underlying cryptocurrency ownership | No ownership of the underlying cryptocurrency through crypto FX CFDs | ||
| Retail crypto margin reference | BTC initial margin 50%, maintenance 40%; ETH initial margin 60%, maintenance 50% | Totality Australian crypto FX CFD page (formerly Saxo AU) ↗Margin requirements FAQ, retail clients |
Australian service documents and versions
Understanding the Totality crypto FX CFD product
The Australian entity formerly known as Saxo Capital Markets now trades as Totality Wealth Limited, and its crypto FX product page confirms it offers Bitcoin and Ethereum crypto FX CFDs against USD, EUR and JPY. The sourced Australian page covers those two coins, and wider altcoin access is not established here, which may be fine if your interest is major-coin exposure within a broader FX and multi-asset account. The page confirms there is no ownership of the underlying cryptocurrency, that profit and loss settles in the pair's fiat currency, and that the provider does not accept crypto deposits or withdrawals. Market access is advertised as 24/5 rather than continuous. Retail and wholesale margin requirements are listed separately, and this record uses the retail figures only, which are recorded as confirmed facts on this page.
How popular is Saxo Bank in Australia?
Search interest shows how often Australians search for each brand. It measures attention, not quality.
- 710
- Brand searches, August 2026
- n/a below 1,000
- vs July 2026
- 150
- Login searches
- 1.0%
- Share of all searches
Source: Google search volume, Australia, August 2026. How we measure it
Naming, links and evidence limits
Comparing this provider next
What traders say about Saxo Bank
Trustpilot and app-store ratings are third-party snapshots captured on the date shown. They are not our assessment.
| Site | Profile | Rating | Count | Captured |
|---|---|---|---|---|
| Trustpilot | trustpilot.com/review/home.saxoPaid plan badge | 3.6 of 5 | 8,884 reviews | October 2026 |
| TradingView | tradingview.com/broker/Saxo27.8K traders listed | 3.5 of 5 | 1,700 ratings | October 2026 |
Saxo Bank app
SaxoTrader is not listed on the Australian App Store.
CFDs are leveraged products and most retail clients lose money. ASIC reported that 68% of retail CFD investors lost money in the 2024 financial year. ASIC media release 26-004MR
Affiliate link. We may receive payment when you click through to a partner site.
