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Saxo Markets

  • Overview
  • Reviews (125)
  • Discussions (0)
  • More Details
Online Brokerages/Saxo Markets
Online Brokerages/Saxo Markets
3.9
125 reviews
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claimed

Claimed

This product is managed by Saxo Markets.

USER RATINGS

Customer Support

3.9

User Experience

4.1

Saxo Markets

$5

MINIMUM FEE

0.10% to 0.12%

TRADING FEES

Custodian

STOCK HOLDING TYPE

[PROMO] Get up to S$8,888 cash and a Polestar 2 electric car. Valid till 16 Feb 2022. T&Cs apply. Learn more below.

Saxo Markets

$5

MINIMUM FEE

0.10% to 0.12%

TRADING FEES

Custodian

STOCK HOLDING TYPE

[PROMO] Get up to S$8,888 cash and a Polestar 2 electric car. Valid till 16 Feb 2022. T&Cs apply. Learn more below.

Details

Product Page Transparency

  • Claimed in March 2021
  • Pays to access additional features

Saxo Markets Review 2021

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.

  • Min Commission Fee: S$5
  • Commission Rate: 0.08%
  • Account Type: Custodian
  • Products available at Saxo Markets: Stocks, CFDs, ETFs, Forex, Futures, Bonds, Commodities, Forex, Mutual Funds

Read More about Saxo Markets
Reviews (125)

3.9

125 Reviews

  • 5
    64
  • 4
    30
  • 3
    6
  • 2
    7
  • 1
    18

Read Review About...

    Most HelpfulMost RecentLow to HighHigh to Low
    pinned

    Pinned by Saxo Markets

      13 Apr 2021

      Purchased

      Saxo Markets

      I have been using Saxo for 4 years. Their user interface is very intuitive with plenty of features. They provide access to exchanges across the world with real-time data. They provide access to a wide variety of financial instruments - Stock, Options, CFD, Futures, etc. The commission is reasonable. I have personally tried a few brokers over the last 4 years, including those with $0 commission. In the end, Saxo is my platform of choice. It is more important to have a stable platform and accessible even on the busiest days. I rather paid for reasonable commission for the platform stability.

      2

      I dont think so, didn't they lock your stock for years? I am surprised

      No, I can buy and sell anytime.

      What are your thoughts?

      Reply

      Posted 2d ago

      Purchased

      Saxo Markets

      The customer support was great. Withdrawal was easy and fuss- free. The trading platform takes some time to get used to but it gets easier once fundamentals are understood. A trustworthy and reliable trading company.

      0

      What are your thoughts?

      Reply

      Posted 5d ago

      Purchased

      Saxo Markets

      [User Interface] UI is pretty straight forward to use. [Products Offered] A wide variety range of products from equities, ETFs, options etc

      0

      What are your thoughts?

      Reply

      Posted 12d ago

      Purchased

      Saxo Markets

      Ms Tong is patient, knowledgeable, & responsible. I will continue to use Saxo because of her service

      0

      What are your thoughts?

      Reply

      Posted 12d ago

      Purchased

      Saxo Markets

      Thanks for your help, Ming Ming! U have been most patient in your follow up with U. Commendable! Saxo is so fortunate to have such excellent diligent staff like U, likewise fortunate customers like us to have your help!

      1

      Saxo Markets

      Saxo Markets

      12d ago

      Hi Stanley,
      Thank you so much for your review! Our team is hard at work trying to continuously improve our platform and service and it’s always rewarding to hear kind words.
      Kind regards,
      Saxo Markets

      What are your thoughts?

      Reply

    Discussions (0)
      Recent ActivityNewTrending

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      2 Exclusive Rewards

      Get up to S$8,888 cash and a Polestar 2 electric car

      • Promotion is valid from 18 October 2021 to 16 February 2022
      • Promotion is applicable to Saxo Markets clients
      • Promotion does not apply to ETNs or ETCs
      • Promotion comprises of three separate types of lucky draw — Weekly Draw, Monthly Draw and Grand Draw
      • Clients must make a trade to earn Saxo Rewards Points that will determine the number of lucky draw entries
      • Terms and Conditions apply
      • To apply, click on the "Apply Now" or "Visit Site" buttons

      Get S$0 commission fees when trading ETFs

      • Promotion is valid from 4 September to 31 December 2021
      • Promotion is applicable to all Saxo Markets clients
      • Applicable to all ETFs except for products on German, Swiss, and Italian stock exchanges
      • Promotion does not apply to ETNs or ETCs
      • Terms and Conditions apply
      • To apply, click on the "Apply Now" or "Visit Site" buttons

      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 tiers of account Saxo Markets provide are:

      Classic

      Minimum Initial Funding: S$3,000

      Benefits:

      • Tight entry prices
      • Best-in-class digital service and support
      • 24/5 technical and account support

      Platinum

      Minimum Initial Funding: S$300,000

      Benefits:

      • Up to 30% lower prices
      • Best-in-class digital service and support
      • 24/5 technical and account support
      • Priority customer support

      VIP

      Minimum Initial Funding: S$1,500,000

      Benefits:

      • Best prices
      • Best-in-class digital service and support
      • 24/5 technical and account support
      • Priority customer support
      • Direct access to our trading experts, 24/7
      • 1:1 SaxoStrats access
      • Exclusive event invitations

      Saxo Markets Fees and Charges

      Saxo Fees and Charges for CASH UPFRONT Trading Account:

      • Min Commission Fee: S$5
      • Commission Rate: 0.08%
      • Account Type: Custodian

      Saxo Fees for US Stocks:

      • Min. Fee: US$3 - $4
      • Commission: 0.04% (VIP) - 0.06% (Classic)
      • Custody Fee: 0.06% (VIP) - 0.12% (Classic and Platinum)

      As of November, SAXO Markets has made a significant reduction to part of its pricing structure.

      Currency conversion fee

      • Free sub-accounts, e.g. in SGD and USD, for accounts of any size/balance
      • Currency-conversion fee between sub-accounts reduced from 0.75% to 0.30%

      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)
      • No new fees are being introduced or other fees increased as part of this suite of price reductions

      The fees and charges of Saxo Markets are as follows:

      FX Pricing

      Currency Pair

      Classic

      Platinum

      VIP

      EUR USD

      0.6

      0.5

      0.4

      GBP USD

      0.7

      0.6

      0.4

      EUR JPY

      0.7

      0.6

      0.4

      USD JPY

      0.6

      0.5

      0.4

      AUD USD

      0.5

      0.4

      0.3

      FX Pricing Saxo Markets (Minimum spreads)

      Stock Pricing

      Exchange

      Classic

      Platinum

      VIP

      NASDAQ

      0.06% (min. USD 4, max. USD 100)*

      0.05% (min. USD 4, max. USD 100)*

      0.04% (min. USD 3, max. USD 100)**

      New York Stock Exchange

      0.06%(min. USD 4, max. USD 100)*

      0.05% (min. USD 4, max. USD 100)*

      0.04% (min. USD 3, max. USD 100)**

      London Stock Exchange

      0.10% (min. GBP 8)

      0.07% (min. GBP 7)

      0.05% (min. GBP 5)

      Hong Kong Exchange

      0.15% (min. HKD 90)

      0.12% (min. HKD 80)

      0.10% (min. HKD 60)

      Singapore Exchange

      0.08% (min. SGD 10)

      0.08% (min. SGD 10)

      0.08% (min. SGD 10)

      Shanghai Stock Exchange

      0.15% (min. CNH 40)

      0.10% (min. CNH 30)

      0.08% (min. CNH 20)

      Execution prices (for main exchanges)

      * For shares priced under USD 10, 0.01 USD/share, min USD 4, max USD 100
      ** For shares priced under USD 10, 0.007 USD/share, min USD 3, max USD 100

      Bonds Pricing

      Bond Type

      Classic

      Platinum

      VIP

      European government bonds

      0.20% (min. EUR 80)

      0.10% (min. EUR 60)

      0.05% (min. EUR 50)

      US government bonds

      0.20% (min. EUR 80)

      0.10% (min. EUR 60)

      0.05% (min. EUR 50)

      European and US corporate bonds

      0.20% (min. EUR 80)

      0.10% (min. EUR 60)

      0.05% (min. EUR 50)

      Emerging Markets bonds

      0.20% (min. EUR 80)

      0.10% (min. EUR 60)

      0.05% (min. EUR 50)

      Commissions

      Custody Fees

      Custody fees are what the brokerage charges you for safekeeping services.

      Classic

      Platinum

      VIP

      Custody Fee (p.a)

      0.12%

      0.12%

      0.06%

      Saxo Custody Fee

      Contact Saxo Market

      • Saxo Markets hotline: +65 6303 7800 (Monday to Fridays, 8.30am-5.30pm)
      • Address: 3 Church Street, #30-00 Samsung Hub Singapore 049483
      • Visit Saxo Market's website for more information

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.