Danish online trading firm, Saxo Bank has kicked off 2025 on a strong note, reporting one of its best half-year performances in recent times. The Copenhagen-based retail FX and CFDs broker saw both revenues and profits rise in comparison to the second half of 2024.
For the first six months of 2025, Saxo Bank recorded revenues of DKK 2.5 billion (which equates to around USD $390 million). This marked a 6% increase and the highest figure since the public company began publishing results in 2017. Net profit reached DKK 548 million (USD 85 million), up 1% from the previous half-year and the strongest result since late 2018.
A big driver behind these numbers has been a surge in new clients coming to Saxo Bank. Saxo now serves 1.4 million clients. That number is a 13% jump from H1 2024, with total client assets climbing to an all-time high of EUR 118 billion. The company’s full report and breakdown can be found here.
Back in March, Saxo Bank also agreed to be acquired by the Safra Group in a $1.74 billion deal, which is still awaiting regulatory approval.
We also heard remarks from Saxo Bank’s CEO and Founder, Kim Fournais, commenting on the results. Fournais talked about the broker’s ongoing growth despite scaling back its footprint geographically:
“In the first half of 2025, I am glad that we continue to see a steady, positive development and growth across our business, despite reducing our geographical footprint. The investment culture worldwide is thriving, and I am pleased that so many new investors are choosing to start and continue their investment journey with Saxo. We now have a record 1.4 million clients who trust us with EUR 118 billion in client assets.”
Fournais added that Saxo is continuing to invest in its platforms, products and services, while also strengthening areas such as cyber security, compliance and anti-money laundering with the intention of ensuring trust and safety for its trading clients.
By
Staff Writer
