Does Saxo SG have an inactivity fee? I saw this on international websites but not the SG one. Also, does it charge extra fees for corporate actions like stock splits, reverse stock splits? - Seedly
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Anonymous

Asked 4w ago

Does Saxo SG have an inactivity fee? I saw this on international websites but not the SG one. Also, does it charge extra fees for corporate actions like stock splits, reverse stock splits?

Thanks!

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Anson Chew
Anson Chew
Level 4. Prodigy
Answered 3w ago

Hi there,

There was a period I didn’t execute any trades for at least 6 months. Saxo only impose a custody fee for my holdings. They did not impose any inactivity fees for my account. I have checked with Saxo support as well.

To make sure, you can email their support.

Hope that helps.

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Billy Ko
Billy Ko, Analyst at ClubMed
Level 7. Grand Master
Answered 3w ago

Hi!

You could find the answer here --

https://www.home.saxo/rates-and-conditions/commissions-charges-and-margin-schedule#::text=An%20inactivity%20fee%20on%20the,consecutive%20months%20(180%20days).

For ease of reading:

"An inactivity fee on the amount of USD 100.00 –or the equivalent amount in the account currency- will be charged where the client does not execute any trades on his/her account for a period of 6 consecutive months (180 days)."

Can't really find anything on corporate actions, but usually brokerage firm don't charge for corporate actions except dividend handling fees. Nonetheless, you could drop them an email / call to clarify​​​

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Question Poster

3w ago

Thank you very much for answering!!