Saxo Markets
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This product is managed by Saxo Markets.
Summary
Saxo Markets Review
Saxo Capital Markets Pte Ltd (“Saxo Markets”) is a licensed subsidiary of Saxo Bank A/S, an online trading and investment specialist. Saxo Markets have been operating in Singapore since 2006 and they are known for giving competitive rates and their seamless online trading platform. Saxo places large importance in the protection of their clients' funds regardless of the type of accounts.
Product Page Transparency
- Claimed in March 2021
- Pays to access additional features
Brokerage Features & Details
1) Key Features
- Offers wide range of products from Stocks, Bonds, ETFs, Mutual Funds, Forex, CFDs and more
- Minimum commission fees from S$3 for SG stocks and US$0* for 100 most popular US stocks
*Only for new clients
- Offers wide ranging market access to 50+ exchanges worldwide
- Earn up to 4.56%* interest on cash balances without any lock-in period
* Rates are provided on per-annum basis. See website for details. - Earn cash rebates on your FX and CFD trades above threshold on account tiers
2) Fees
- Commission fees:
- SG stocks: Minimum S$3
- US stocks: Minimum US$1 (US$0 on 100 most popular US stocks) - Deposits and withdrawal fees: S$0
- Custody fee: 0% (if opted into Securities Lending)
Carrying cost: 0% - Manual order fee: EUR$50 per order
- Account inactivity fee: S$0
- Reporting fee: US$50 for online reports requests delivered via email
3) Account Opening
- Minimum age: 18 years old
- Account opening fee: S$0
- Payment & deposit methods: Paynow, Bank Transfer, Credit/Debit Card, Wire Transfer
- Minimum investment required: S$0
4) Products Offered
- Stocks
- Bonds
- ETFs
- Mutual Funds
- Forex
- CFDs
- Futures
- Commodities
- Options
- Crypto
- Commodities
Summary
Saxo Markets Review
Saxo Capital Markets Pte Ltd (“Saxo Markets”) is a licensed subsidiary of Saxo Bank A/S, an online trading and investment specialist. Saxo Markets have been operating in Singapore since 2006 and they are known for giving competitive rates and their seamless online trading platform. Saxo places large importance in the protection of their clients' funds regardless of the type of accounts.
Product Page Transparency
- Claimed in March 2021
- Pays to access additional features
Brokerage Features & Details
1) Key Features
- Offers wide range of products from Stocks, Bonds, ETFs, Mutual Funds, Forex, CFDs and more
- Minimum commission fees from S$3 for SG stocks and US$0* for 100 most popular US stocks
*Only for new clients
- Offers wide ranging market access to 50+ exchanges worldwide
- Earn up to 4.56%* interest on cash balances without any lock-in period
* Rates are provided on per-annum basis. See website for details. - Earn cash rebates on your FX and CFD trades above threshold on account tiers
2) Fees
- Commission fees:
- SG stocks: Minimum S$3
- US stocks: Minimum US$1 (US$0 on 100 most popular US stocks) - Deposits and withdrawal fees: S$0
- Custody fee: 0% (if opted into Securities Lending)
Carrying cost: 0% - Manual order fee: EUR$50 per order
- Account inactivity fee: S$0
- Reporting fee: US$50 for online reports requests delivered via email
3) Account Opening
- Minimum age: 18 years old
- Account opening fee: S$0
- Payment & deposit methods: Paynow, Bank Transfer, Credit/Debit Card, Wire Transfer
- Minimum investment required: S$0
4) Products Offered
- Stocks
- Bonds
- ETFs
- Mutual Funds
- Forex
- CFDs
- Futures
- Commodities
- Options
- Crypto
- Commodities
4.5
959 Reviews
Service Rating
Customer Support
User Experience
High to Low
Pinned by Saxo Markets
Posted 16 Aug 2024
Purchased
Saxo Markets
Have been using SAXO from when I was an unprofitable trader (2020) til now as a consistently profitable retail trader. Their order execution is fair and consistent despite being the counterparty to your trades i.e. b-book on OTC products like CFDs. If one prefers to trade on a more transparent product on a centralised exchange, the outright futures are available as well. Of course if you are coming from MT4/5, cTrader or other platforms, it will take some getting used to but overall I find the saxo platform easy to learn and you can find all important information pertaining to an instrument either on the platform itself or on their website. Hoping to grow my account to VIP tier by 2030 😂😂0
What are your thoughts?Posted 5d ago
Purchased
Saxo Markets
I am relatively new to this platform but like it so far. The UI is super seamless to use. However, one issue is the slow response for customer service. I had to recontact them to receive a response.0
What are your thoughts?Posted 13 Aug 2023
Purchased
Saxo Markets
Likes the SAXO events in the suntec. Crowded and full of young energetic team. Hope can have more to comes in the futures.1
What are your thoughts?Saxo Markets
16 Aug 2023
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Posted 13 Aug 2023
Purchased
Saxo Markets
Fantastic services, will work with them again. Very competent platform and helped me a lot in my trading journey1
What are your thoughts?Saxo Markets
16 Aug 2023
Hi Spectre Cloak,
Thanks so much for your review, we are really glad you are enjoying our platform.
Kind regards,
Saxo MarketsReply
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Posted 13 Aug 2023
Purchased
Saxo Markets
Strict KYC process, higher barrier of entry ensuring safer investment environment, commision fee is competitive1
What are your thoughts?Saxo Markets
16 Aug 2023
Hi Calvin,
Thank you for your review. We really appreciate you taking the time to share your experience.
Kind regards,
Saxo MarketsReply
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Posted 13 Aug 2023
Purchased
Saxo Markets
[Products Offered] Great choices, can explore and pick one that suits you. Explore and think what you are comfortable and confident in.1
What are your thoughts?Saxo Markets
16 Aug 2023
Hi Teck Leong,
Thank you for your review. We really appreciate you taking the time to share your experience.
Kind regards,
Saxo MarketsReply
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Posted 13 Aug 2023
Purchased
Saxo Markets
[User Interface] User interface and customer service is great. Good access to data and product suite. Very intuitive. Fees are on the higher side, but overall excellent platform :-)1
What are your thoughts?Saxo Markets
16 Aug 2023
Hi Ferdi,
Thank you for your review. We really appreciate you taking the time to share your experience.
Kind regards,
Saxo MarketsReply
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Posted 12 Aug 2023
Purchased
Saxo Markets
Saxo provides multi-asset access to the markets and has many educational webinars and market news. Very good for both investors and traders alike.1
What are your thoughts?Saxo Markets
16 Aug 2023
Hi Seow Des,
Thank you for your amazing review, we are very happy to hear that you are enjoying the platform.
Kind regards,
Saxo MarketsReply
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Posted 12 Aug 2023
Purchased
Saxo Markets
[Commission Rates] Low commission rate [Market Access] Can trade in many market with access to major leading markets [User Interface] User friendly features1
What are your thoughts?Saxo Markets
16 Aug 2023
Hi New Hong Giap,
Thank you for your review, we are really glad you enjoyed your trading experience with us!
Kind regards,
Saxo MarketsReply
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Posted 12 Aug 2023
The staffs are very friendly and helpful with sharing information. A wide range of products offered. Highly recommended.1
What are your thoughts?Saxo Markets
16 Aug 2023
Hi Gen Sheng,
Thank you for your amazing review, we are very happy to hear that you are enjoying the platform.
Kind regards,
Saxo MarketsReply
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Types of Services Saxo Markets Provides
Saxo Markets offers a few types of services on its trading platform.
- SaxoTraderGO: Beginner friendly interface for trading, complete with expert analysis and risk-management tools
- SaxoTraderPRO: Advanced trading platform for traders or investors with similar tools as SaxoTraderGO
- SaxoInvestor: Invest easily with the SaxoInvestor platform
Types of Account Available With Saxo Markets
Saxo Markets offers various types of account, catered to the different needs of the individual investor.
The six tiers of account Saxo Markets provide are:
Bronze
Minimum Initial Funding: N.A.
Benefits:
- SG stocks from SGD 5
- US stocks from USD 4
- Global market access on our popular platforms and apps
- Digital support
Silver
Minimum Initial Funding: N.A.
Benefits:
- SGD 5 commission rebate
- SG stocks from SGD 3
- US stocks from USD 3
- No custody fee
- Free real time price data on US stocks
- Digital support
Gold
Minimum Initial Funding: N.A.
Benefits:
- SGD 15 commission rebate
- SG stocks from SGD 2
- US stocks from USD 2
- No custody fee
- Free real time price data on US, EU, UK & CH stocks
- Access to SaxoTraderPRO
- Digital support
Platinum
Minimum Initial Funding: N.A.
Benefits:
- SGD 45 commission rebate
- SG stocks from SGD 1.50
- US stocks from USD 1.50
- No custody fee
- Free real time price data on US, EU, UK, CH & SG stocks
- Access to SaxoTraderPRO
- Digital support
- Priority phone support
Diamond
Minimum Initial Funding: N.A.
Benefits:
- SGD 145 commission rebate
- SG stocks from SGD 1
- US stocks from USD 1
- No custody fee
- Free real time price data on US, EU, UK, CH, SG & HK stocks
- Access to SaxoTraderPRO
- Digital support
- Priority phone support
- Exclusive events
Saxo Markets Fees and Charges
Saxo Fees and Charges for CASH UPFRONT Trading Account:
- Min Commission Fee: S$2
- Commission Rate: 0.03% (Diamond) - 0.08% (Bronze)
- Account Type: Custodian
Saxo Fees for US Stocks:
- Min. Fee: US$1 - $4
- Commission: 0.02% (Diamond) - 0.06% (Bronze)
- Custody Fee (If opted into Securities Landing): 0.06% (Bronze), No custody fee (Silver, Gold, Platinum, Diamond)
Currency conversion fee via account transfer
- 0.03% (Bronze, Silver, Gold, Platinum, Diamond)
Free live prices
- Free live prices on SG, US and other exchanges available by refund, with a minimum of four trades placed each month (six trades on ASX)
No hidden fees, no new fees
- Transparent pricing upfront, with no hidden fees (no inactivity fee, no platform fee, no maintenance fee etc)
The fees and charges of Saxo Markets are as follows:
FX Pricing
Currency Pair | Bronze | Silver | Gold | Platinum | Diamond |
|---|---|---|---|---|---|
EUR USD | 0.7 | 0.7 | 0.7 | 0.6 | 0.5 |
GBP USD | 0.8 | 0.8 | 0.8 | 0.6 | 0.5 |
EUR JPY | 1 | 1 | 1 | 0.8 | 0.7 |
USD JPY | 0.8 | 0.8 | 0.8 | 0.7 | 0.5 |
AUD USD | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 |
Stock Pricing For Main Exchanges
Exchange | Bronze | Silver | Gold | Platinum | Diamond |
|---|---|---|---|---|---|
NASDAQ | 0.06% (min. USD 2) | 0.04% (min. USD 1.50) | 0.03% (min. USD 1) | 0.025% (min. USD 0.50) | 0.02% (min. USD 0.25) |
New York Stock Exchange | 0.06% (min. USD 2) | 0.04% (min. USD 1.50) | 0.03% (min. USD 1) | 0.025% (min. USD 0.50) | 0.02% (min. USD 0.25) |
London Stock Exchange | 0.10% (min. GBP 8) | 0.10% (min. GBP 8) | 0.10% (min. GBP 8) | 0.07% (min. GBP 7) | 0.05% (min. GBP 5) |
Hong Kong Exchange | 0.15% (min. HKD 90) | 0.15% (min. HKD 90) | 0.15% (min. HKD 90) | 0.12% (min. HKD 80) | 0.10% (min. HKD 60) |
Singapore Exchange | 0.08% (min. SGD 5) | 0.06% (min. SGD 3) | 0.05% (min. SGD 2) | 0.04% (min. SGD 1.50) | 0.03% (min. SGD 1) |
Shanghai Stock Exchange | 0.15% (min. CNH 40) | 0.15% (min. CNH 40) | 0.15% (min. CNH 40) | 0.10% (min. CNH 30) | 0.08% (min. CNH 20) |
Bonds Pricing
Bond Type | Bronze | Silver | Gold | Platinum | Diamond |
|---|---|---|---|---|---|
US government bonds | 0.20% (min. SGD 20) | 0.15% (min. SGD 15) | 0.10% (min. SGD 10) | 0.08% (min. SGD 10) | 0.05% (min. SGD 10) |
Custody Fees
Custody fees are what the brokerage charges you for safekeeping services.
Custody Fee | Bronze | Silver | Gold | Platinum | Diamond |
|---|---|---|---|---|---|
If opted into Securities Lending | 0.06% | 0% | 0% | 0% | 0% |
If opted out of Securities Lending | 0.12% | 0.12% | 0.12% | 0.12% | 0.06% |
Contact Saxo Market
- Saxo Markets hotline: +65 6303 7800 (Monday to Fridays, 8.30am-5.30pm)
- Address: 88 Market Street, CapitaSpring #31-01, Singapore 048948
- Visit Saxo Market's website for more information
Contact us at [email protected] should you require any assistance or spot any inaccuracies.
Hi Chris sck,
Thank you for your review. We hope to see you again at our next event!
Kind regards
Saxo Markets