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

Asked 2w ago

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?

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Jason Cheong
Jason Cheong, Alumnus at NTU
Level 4. Prodigy
Answered 1w ago

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?f=14718#security-transfer-fees​​​

2 comments

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Question Poster

1w ago

Thank you. This is very helpful. Let's say if i have 10 shares of AMZN, i will only need to pay EUR 50 to transfer out?
Jason Cheong
Jason Cheong

1w ago

Yup. It seems they charge by per ISIN/stock, irregardless of the number of shares you own. You can upvote if the answer is useful =)