facebookSaxo charge so much more as compared to competitors? - Seedly

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Anonymous

24 Sep 2021

General Investing

Saxo charge so much more as compared to competitors?

I realized that fee is quite substantial as compared to Tiger/ Moomoo. anything diff? price is 15 mins slower than real time. Y is this so?

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Saxo Markets

28 Sep 2021

With Saxo Markets, you can access 40,000+ instruments across asset classes, to trade, invest and save from a single account. For example, whether you are looking to trade options, CFDs or FX, to set up a Regular Savings Plan, or to invest in mutual funds, bonds, managed portfolios (and of course stocks and ETFs), you can do it all through one account on Saxo’s award winning platforms and mobile apps.

Saxo’s costs are competitive and transparent, with no inactivity fees, platform fees or other hidden fees. Refunds for live market data subscriptions of certain exchanges are available to clients who trade a minimum of four times across stocks, ETFs or CFDs on each relevant exchange(s) over each calendar month. (For the Australian Securities Exchange the minimum is six trades.) Refer to https://www.home.saxo/en-sg/products/market-dat...for more details and T&Cs.

Currently, new Saxo clients can also trade global ETFs with zero commission, for the rest of 2021. See https://www.home.saxo/en-sg/campaigns/etfs-zero...for more details and T&Cs.

Chris

25 Sep 2021

Owner and Writer at Tortoisemoney.com

Yup, Saxo rates tend to be higher hahaha. I believe it's USD4 per trade min (unless you're on highest tier but even then it's still min USD3 which still sucks).

I don't mean to sound like an Interactive Brokers shill but, c'mon I'm getting charged USD0.35 comms (sometimes USD0.4 kek). We also have flat fee FX conversion at spot rate (hearsay SAXO fx not that great even after they reduced the spread).

As for delayed prices, this isn't a problem exclusive to Saxo. Interactive Brokers doesn't give live prices for free either actually. For myself, I just use Webull on mobile to check prices before I set my order. Since I'm not trading intraday, it doesn't bother me too much. Tiger and Moomoo do have live prices but the trade off is on the comms (USD1.99). That said, it's not too hard to get comms free trades which would reduce your trading fees by quite a bit.

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