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Operating status: SCAM
Website: https://saxo-stock.com/
On 16 May 2022, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Saxo Stock is not authorized to provide financial services in Italy. You may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela
Saxo Stock claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
Moreover, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Saxo Stock is not authorized to provide financial services in Italy.
The truth is that Saxo Stock is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
BrokersView found the domain "https://saxo-stock.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
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