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Anonymous

30 Jun 2020

∙

General Investing

Thinking of moving my equities from Saxo to IBKR. Any incoming equities charges for IBKR?

Saxo charges an exit fees of Euro 50 per ISIN. What does this mean?

Saxo Markets Interactive Brokers

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Jason Cheong

30 Jun 2020

Yes.

In short, you will be charged once to transfer Equities out of SAXO.

and you will be charged again to transfer Equities into IBKR.

Outgoing Charges:

Saxo outbound transfer of stocks from Saxo Capital Markets charges EUR 50 per ISIN or stock that you would like to transfer out.

If say you own 3 stock counters, eg. AMZN, APPL and FB in SAXO account.

You want to move all 3 to IBKR.

Charges for moving 1 ISIN, AMZN is EUR 50.

Move all 3 = EUR 50 x 3 = EUR 150.

Inbound charges:

The fees involved for transfering Equities into IBKR:

https://www.interactivebrokers.com/en/index.php...

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