Saxo Bank Securities Ltd. — Foreign Multi-Asset Securities Firm (JVCEA Type 2 Associate Member)
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FSA registration: Kanto Local Finance Bureau Director (Kinsho) 第239号 (Type I Financial Instruments Business Operator) and Type II Financial Instruments Business Operator · JVCEA Type 2 Associate Member #2027 · FSA Crypto Asset Exchange Business Registration: None
1. Legal Entity and Shareholders
- Trade name: Saxo Bank Securities Ltd. (Saksobanku Shoken Kabushiki Kaisha)
- English name: Saxo Bank Securities Ltd.
- Incorporation: 平成18年4月（2006年4月）
- Registered office: 106-6036 , Roppongi 1-6-1 , Minato-ku, Tokyo, Izumi Garden Tower 36F (JVCEA registered address: Toranomon 1-2-8 , Toranomon Kotohira Tower 22F)
- Capital: 8億9千万 JPY (after capital increase in 令和5年5月 / 2023年5月)
- Parent company: Saxo Bank A/S (Copenhagen, Denmark) 100% stake
- Listing status: Unlisted (parent Saxo Bank A/S is also an unlisted online bank)
A wholly owned Japanese subsidiary of Saxo Bank A/S, an online bank headquartered in the Kingdom of Denmark. The group was founded in 1992年 and serves customers in 170 countries with more than 100万 clients.
2. Licenses and Registration
- Type I Financial Instruments Business Operator: Kanto Local Finance Bureau Director (Kinsho) 第239号
- Type II Financial Instruments Business Operator: Registered 平成30年6月 (2018年6月)
- Commodity Futures Trading Business Operator: Ministry of Economy, Trade and Industry license No. ２０２２１２０６商第２号; Ministry of Agriculture, Forestry and Fisheries license No. 指令４新食第２０８７号
- FSA Crypto Asset Exchange Business: Not registered (the firm is not a crypto asset exchange business operator)
- JVCEA membership category: Type 2 Associate Member #2027
What is a JVCEA Type 2 Associate Member
The JVCEA (Japan Virtual and Crypto assets Exchange Association) Type 2 Associate membership is a membership category for operators that do not hold an FSA crypto asset exchange business registration but engage in crypto asset-related or adjacent activities and wish to participate in self-regulation and industry standard-setting. Type 1 members (26社) must hold a crypto asset exchange business registration; Type 2 associate members (4社 as of 2026年5月) do not. The specific business reason for Saxo Bank Securities joining JVCEA has not been publicly stated. Possible background factors include the global Saxo Bank group’s prior offering of crypto asset CFDs and the firm’s consideration of regulatory compliance for crypto-related CFDs as a Financial Instruments Business Operator, but no primary source confirmation is available.
Industry memberships (excluding crypto): Japan Securities Dealers Association, Japan Financial Futures Association, Japan Investor Protection Fund, Japan Commodity Futures Industry Association.
3. Traded Assets
No crypto asset spot trading or crypto asset CFDs offered (as of 2026年5月).
The firm’s Japanese corporate website contains no reference to crypto asset-related products, and none are listed in the product catalog. The global website’s product lineup also does not currently include crypto asset CFDs.
4. Business Scope
As a multi-asset securities firm, the company handles the following:
| Product category | Description |
|---|---|
| FX | More than 150 currency pairs; covers major, minor, exotic, and precious-metal pairs |
| Foreign equities | 10,000+ securities listed on 17+ exchanges worldwide (US, Europe, Hong Kong, etc.) |
| CFDs | Equity index, single-stock, ETF, and commodity CFDs (zero commissions, 8,600+ instruments) |
| Foreign equity and index options | Options on US equities and major indices (S&P, VIX, etc.) |
| FX and precious-metal options | 40 FX option instruments; 2 precious-metal option instruments |
| Futures | Equity index, energy, precious metals, interest rates |
| ETFs | ETFs for diversified exposure to global markets |
- Leveraged (margin) trading: Available for FX and CFDs
- Account types: Omnibus account (equities + derivatives), overseas commodity futures, NDF (Non-Deliverable Forward)
- Fiat deposits: Bank transfer (primary banking partner: Sumitomo Mitsui Banking Corporation); JPY and USD accounts supported simultaneously
- NFT, staking, crypto lending: Not offered
5. Market Share and Volumes
- Not disclosed (neither client account numbers nor trading volumes are officially reported)
- Client base: High-functionality platform primarily targeting active retail investors and professional traders. Multi-asset coverage for simultaneous FX, foreign equities, and CFD trading is a key feature
- Competitive positioning: FX niche (150 currency pairs, among the broadest in Japan); foreign equities compete on fee attractiveness. Not included in pure crypto exchange rankings as the firm has not entered crypto exchange business
6. History and Material Events
| Period | Event |
|---|---|
| 平成18年4月 (2006年4月) | Incorporated as a direct affiliate of Mitsui & Co. with capital of 5千万 JPY under the name “Mitsui & Co. Futures FX Co., Ltd.” |
| 平成18年10月 (2006年10月) | Completed registration as a financial futures trading business operator with the FSA |
| 平成19年6月 (2007年6月) | Became a 100% subsidiary of Astmax Co., Ltd.; trade name changed to “Astmax FX Co., Ltd.” |
| 平成21年6月 (2009年6月) | Became a 100% subsidiary of Saxo Bank A/S (Denmark); trade name changed to “Saxo Bank FX Co., Ltd.” |
| 平成22年7月 (2010年7月) | Launched equity index CFD and commodity CFD services |
| 平成22年12月 (2010年12月) | Trade name changed to “Saxo Bank FX Securities Co., Ltd.”; launched single-stock CFDs |
| 平成25年1月 (2013年1月) | Succeeded the OTC derivatives business of Kakaku.com Financial Inc. (kakakuFX, KakakuKin) via corporate split |
| 平成28年2月 (2016年2月) | Trade name changed to “Saxo Bank Securities Ltd.” (current name) |
| 平成28年3月 (2016年3月) | Launched omnibus account, overseas commodity futures, and NDF services |
| 平成30年6月 (2018年6月) | Registered as a Type II Financial Instruments Business Operator with the FSA (JVCEA membership inferred to be contemporaneous) |
| 令和2年5月 (2020年5月) | Capital increase to 4億9千万 JPY |
| 令和5年5月 (2023年5月) | Capital increase to 8億9千万 JPY (current) |
No material events such as administrative actions or security breaches have been publicly reported.
7. Strategic Developments
- 2026年4月~ (limited period): Campaign offering up to 10万円 cashback on currency conversion costs (0.25%) when transferring funds from JPY to USD accounts, aimed at boosting US equity trading in USD-denominated accounts
- 2026年5月: Comeback campaign for clients with no recent activity (1 executed trades in equities, ETFs, or options required to earn 1,500円 in Saxo Coupons)
- The global Saxo Bank group is strengthening its brand as a “trading tools company,” emphasizing connectivity with external tools including TradingView, OpenAI, and FIX API
- No public announcement as of 2026年5月 regarding Japan domestic entry into the crypto asset sector
8. Key Persons
- Representative Director, President: Rawal Siddharth (as stated on the official corporate website, as of 2026年5月)
- Representative Director: Hansen Kyu Thomas (same source)
- Group founder: Lars Seier Christensen (founded in 1992年 in Denmark; currently Chairman of the Board of Saxo Bank A/S)
- Ownership: Saxo Bank A/S (Denmark) 100%. Details of group shareholders available in English-language IR materials
Related
- japan-financial-regulation — Japan financial regulation overview
- japan-bittrade-listing-process — Token listing process (general, separate from individual firm listing activity)
- japan-stablecoin-regulatory-landscape — Related stablecoin regime
- jp-trust-type-sc-architecture — Related SC regime
- jvcea-type2-associate-membership-system — JVCEA Type 2 associate membership system
- jp-vasp-parent-company-map — JP VASP parent company map
- jp-vasp-derivative-license-system — JP VASP derivatives license regime
Sources
- Saxo Bank Securities — Company Overview and History (retrieved 2026-05-18)
- Saxo Bank Securities — Product List (retrieved 2026-05-18)
- Saxo Bank Securities — CFDs (retrieved 2026-05-18)
- About Saxo Bank Group (retrieved 2026-05-18)
- JVCEA Member List (retrieved 2026-05-18)