Anonymous

25 Feb 2020

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Saxo Trading Platform Holding Currency?

I have a SGD account with SAXO. However, i am wondering if we can have an individual USD account as well so as not to always be exposed to currency rates. For example, Standard Chartered allows you to have Security trading account in SGD and another account in USD. All the trades are kept in USD unless you want to convert it to SGD.

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Awk D

25 Feb 2020

It is possible. Tell them to upgrade your account to have multiple currency account. For example, one in SGD and one in USD. But additional funding may be required. And you probably cannot transfer shares and settle trade between these two accounts.

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If i would like to buy and hold investments in stock market for 5-10 years, should i go with SaxotraderGO? Does the platform allows me to have long term holding or only for day trading?

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