Clone Saxo

After reviewing Clone Saxo, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is Clone Saxo?

On the surface, Clone Saxo looks like an ordinary forex and crypto broker. Its public site is presented at https://saxoasin.com/;https://saxobankasia.com/. But surface impressions are exactly what these operations rely on — the substance behind Clone Saxo is where the problems begin.

Is Clone Saxo regulated?

Clone Saxo provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.

Red flags we identified

• No credible physical address or verifiable corporate record
• Opaque or anonymous corporate ownership
• Offshore or shell-company registration used to avoid oversight
• No verifiable licence from a recognised financial regulator
• Account dashboards that show “gains” with no real market exposure

Our analysis

BrokersView found that the domains "https://saxoasin.com/, https://saxobankasia.com/" are currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Can you recover money lost to Clone Saxo?

If you have deposited with Clone Saxo, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.