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Nicholas Beh
16 Jun 2020
Student Ambassador 2020/21 at Seedly
SaxoTraderGO is their trading platform - you will still need a Saxo account to trade on it, which comes with its associated fees. Their platform allows for long-term holding.
Generally, I do not recommend Saxo for their currency conversion fee (0.75%), custody fee (0.12% p.a.), and high commissions of minimum 8 GBP on the LSE if you plan to hold Irish-domiciled ETFs for lower withholding taxes.
To determine what broker is best for you, you need to consider a few things first:
Commissions (cost per trade)
Fees (custody, currency conversion, dividend handling, corporate action)
Market availability
Trustworthiness
Ease of use
You can read my other answers here and here where I did a comparison between 4 brokers - Saxo, SCB, Tiger and IBKR.βββ
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Ngooi Zhi Cheng
16 Jun 2020
Student Ambassador 2020/21 at Seedly
Yes, SaxotraderGO allows you to have long term holdings. However if you are just starting out and on...
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