SAXO Markets Reviews and Comparison - Seedly
 
Reviews (9)
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Reviews (9)
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user interface

investing overseas

mobile app

decided platform

platform buy

buy shares

shares disappointed

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  • Posted 19h ago

    Purchased

    SAXO Markets

    I decided to try using this platform to buy US shares and it has not disappointed me so far. Their recent revamp really spices things up!
    0 comments
    0
  • Posted 1d ago

    Purchased

    SAXO Markets

    The Saxo Investor app's user interface is very intuitive and is easy to use! Fees are made clear upfront before confirming the order. The fees are pretty reasonable and in my opinion one of the lowest among the other online brokerages.
    0 comments
    0
  • Posted 1d ago

    Purchased

    SAXO Markets

    Excellent user interface. It is easy to navigate and make trades across different instruments. Their fees for the US markets are also fairly priced and competitive. If you would like to have access to the US markets in particular, I feel that it is worthwhile giving a SAXO a try!
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  • Very decent and have reasonable fees! This is the brokerage to go to for investing in overseas shares, etfs etc. If you don’t mind not having sgx listed shares in your cdp account, you can invest in sgx instruments with them too!
    0 comments
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  • Https://www.home.saxo/en-sg/rates-and-conditions/equities-and-etfs/commissions I recently noticed that Saxo has reduced their trading fees for some exchanges. E.g. for NYSE, the minimum trading fee is USD3 - USD4 . https://www.home.saxo/en-sg/rates-and-conditions/commissions-charges-and-margin-schedule/overview Also, from 1 April 2019, they will waive the monthly custody fee of USD 5 for SGX stocks.
    0 comments
    0
  • Updated on 27 Sep 2018
    Works well, fees are great and very transparent, relatively quick customer service and both the mobile and web platforms work well too. Very customizable
    0 comments
    1
  • Updated on 26 Apr 2018
    Been using Saxo for two years and stuck to it because of its low trading fees, intuitive mobile app and powerful analytics tools, allowing me to easily track my trading performance. It covers many markets and I use it primiarly for US stocks (it has low fees for SG stocks too, comparable to standchart). Having a great experience so far. I had experience using DBS, POEMS but I must say that Saxo is much better.
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  • Updated on 16 Mar 2018
    Signed up for Saxo 3-4 years ago and been using it since. Using it for overseas equity and the fees are fair - per transaction was $4 for most of my trades. Nice mobile app, trades are executed fast, nice interface, no gripe with it so far and no plans to switch out to another platform (for overseas equity). :)
    0 comments
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Questions (1)

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Stocks Discussion

Investments

ETF

SAXO Markets

DBS Vickers Securities

Hello! It's great that you're looking at ETFs as a way to gain exposure to equities (another word for stocks). ETFs typically allow wide diversification easily. There are a few things to keep in mind when searching for ETFs to invest. 1) The gap between a positive macro-economic trend and stock price returns can be a mile wide. For example, gold was worth A$620 per ounce at the end of September 2005 and the price climbed by 10% per year for nearly 10 years to reach A$1,550 per ounce on 15 September 2015. But an index of gold mining stocks in Australia’s market, the S&P / ASX All Ordinaries Gold Index, fell by 4% per year from 3,372 points to 2,245 in the same timeframe. In another example, see the chart below on the disparity between the stock market returns and economic growth for China and Mexico from 1992 to 2013. Despite stunning 15% annual GDP growth in that period for China, Chinese stocks actually fell by 2% per year; Mexico on the other hand, saw its stocks gain by 18% annualised, despite its economy growing at a pedestrian rate of just 2% per year. So when finding themes to invest in via ETFs, make sure that the macro-economic theme you're betting on can translate into commensurate stock market gains. ! 2) ETFs can mimic the performance of a stock market index through two broad ways: Synthetic replication, or direct replication. Synthetic replication involves the use of derivatives without directly investing in the underlying assets. It is the less ideal way to build an index-tracking ETF, in my view, because there is more complexity involved and hence a higher risk that a large proportion of the underlying index’s performance can’t be captured. Direct replication has two sub-categories: (a) Representative sampling, where the ETF holds only a sample of the stocks within an index; and (b) full replication, which involves an ETF buying the same stocks in nearly identical proportions as the weights of all the stocks that make up an index. Try to look for ETFs that utilise full replication if possible. 3) Look for an ETF that is managed by a reputable fund management company. For example, Vanguard, SPDR, iSHAREs, Blackrock are just some examples of reputable providers of ETFs. 4) Ideally, an ETF should have a listing history of at least a few years, so that we can see how the ETF has actually done, and not just rely on the performance of the underlying index. 5) The expense ratio (essentially all of the fees that an investor has to pay to the provider of the ETF) should be low. There's no iron-clad rule on what "low" means, but I think anything less than 0.3% for the expense ration can be considered low. Having a low expense ratio puts an ETF on the right side of the trend of investment dollars flowing toward low-cost index tracking funds, which lowers the risk of an ETF’s manager closing the ETF down for commercial reasons. 6) The amount of assets under management for an ETF should also be high (ideally more than US$1 billion). Having high assets under managment for an ETF would also lower the chance that the ETF will close in the future. It's not uncommon for ETFs to close. When a closure happens, it creates hassle on the investors' part to find new ETFs to invest in. 7) Lastly, look for a low tracking error. An ETF's returns should closely match the returns of its underlying index. If the tracking error has been high in the past, there's a higher chance that the ETF can't adequately capture the performance of its underlying index.
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About SAXO Markets
Product NameSaxo Markets
Stock holding typeCustodian
FeesMinimum: $15 < $50k: 0.12% $50 to $100k: 0.12% > $100k: 0.12%
Cash Upfront OptionNot available

Types of Services Saxo Markets Provides

Saxo Markets offers a few types of services on their trading platform.

  • SaxoTraderGO
  • SaxoTraderPRO
  • SacoInvestor

Types of Account Available With Saxo Markets

Saxo Markets offers various types of account, catered to the different needs of 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
  • Local Language Customer support

Platinum

Minimum Initial Funding: S$50,000

Benefits:

  • Reduced prices
  • Best-in-class digital service and support
  • 24/5 technical and account support
  • Priority Local Language Customer support

VIP

Minimum Initial Funding: S$1,000,000

Benefits:

  • Our very best prices
  • Best-in-class digital service and support
  • 24/5 technical and account support
  • Personal Relationship Manager
  • Direct Access to our trading experts 24/5
  • 1:1 SaxoStrats access
  • Exclusive event invitations

Brokerage Fees & Charges of Saxo Markets

The fees and charges of Saxo Markets are as follows:

Online

  • Minimum Commission: S$25
  • Investment of S$50,000 and below: 0.275%
  • Investment of S$50,000 to S$100,000: 0.22%
  • Investment above S$100,000: 0.18%

By Phone

  • Minimum Commission: S$40
  • Investment of S$50,000 and below: 0.50%
  • Investment of S$50,000 to S$100,000: 0.40%
  • Investment above S$100,000: 0.25%

Other transaction charges:

Saxo Markets Contact Info

  • Saxo Markets hotline: +65 6303 7800 (Monday to Fridays, 8.30am-5.30pm)
  • Email: [email protected]
  • Address: 3 Church Street, #30-00 Samsung Hub Singapore 049483