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Saxo Markets

  • Key Features
  • Reviews (956)
  • Discussions (0)
  • More Details
Saxo Markets Logo
4.5
956 reviews
claimed
Claimed

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$1 for SG stocks and US$0.25 for US stocks 
  • Offers wide randing market access to 60 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 specified plans

2) Fees

  • Commission fees:
    - SG stocks: Minimum S$1
    - US stocks: Minimum US$0.25
  • Deposits and withdrawal fees: S$0
  • Custody fee: 0% (if opted into Securities Lending)
    Carrying cost: 0% (for Diamond plan); 0.50% (for Platinum plan); 1.50% (for all other plan)
  • 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
...see more

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$1 for SG stocks and US$0.25 for US stocks 
  • Offers wide randing market access to 60 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 specified plans

2) Fees

  • Commission fees:
    - SG stocks: Minimum S$1
    - US stocks: Minimum US$0.25
  • Deposits and withdrawal fees: S$0
  • Custody fee: 0% (if opted into Securities Lending)
    Carrying cost: 0% (for Diamond plan); 0.50% (for Platinum plan); 1.50% (for all other plan)
  • 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
...see more

Saxo Markets

US$0.25
MINIMUM FEE
0.02% to 0.08%
TRADING FEES
Custodian
STOCK HOLDING TYPE

Saxo Markets

US$0.25

MINIMUM FEE

0.02% to 0.08%

TRADING FEES

Custodian

STOCK HOLDING TYPE

Reviews (956)

4.5

956 Reviews

5
638
4
232
3
42
2
8
1
36

Service Rating

Customer Support

4.5

User Experience

4.6
    pinned

    Pinned by Saxo Markets

      Posted 10 Jan 2023

      Purchased

      Saxo Markets

      I have been trading with SAXO markets since 2020. Not only are the sales commissions reasonable but also I really like the SaxoTraderGo platform as it offers a lot of variety of stocks from US to Europe and Hong Kong markets. As a long-term value investor who is investing with a horizon of 5 to 10 years, I chose Saxo Markets as I was looking for a broker who is well-established with a long track record and a licensed broker license across markets and not only MAS regulated. Although Saxo doesn't offer "games" or a social community of investors, I feel that looking for a broker that is safe and secure is my utmost priority. So it gives me great comfort that Saxo is not only a fully licensed bank in Denmark and Switzerland but also has a 30 year track record with over 820,000 clients worldwide. Personally, I use Saxo to trade US and Australian stocks as their commissions are competitive and their TraderGo platform is detailed and transparent. It comes with tools to monitor my performance and also corporate actions. Fully recommend for value investors with a long term horizon.

      1

      What are your thoughts?

      Hi Mark,

      Thank you for your amazing review, we are very happy to hear that you are enjoying the platform.

      Do join us on our telegram channel to keep up with the latest market insights, product/platform updates and promotions.

      https://t.me/SaxoSingapore

      Kind regards,

      Saxo Markets

      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

      Hi Chris sck,

      Thank you for your review. We hope to see you again at our next event!

      Kind regards
      Saxo Markets

      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 journey

      1

      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 Markets

      Posted 13 Aug 2023

      Purchased

      Saxo Markets

      Strict KYC process, higher barrier of entry ensuring safer investment environment, commision fee is competitive

      1

      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 Markets

      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 Markets

      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 Markets

      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 Markets

      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 features

      1

      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 Markets

      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 Markets

      Posted 12 Aug 2023

      Purchased

      Saxo Markets

      Helpful service and staff, wide product range and platform is user friendly and easy to use #saxobeinvested

      1

      What are your thoughts?

      Saxo Markets

      16 Aug 2023

      Hi Anthony,

      Thank you for your review. We really appreciate you taking the time to share your experience.

      Kind regards,
      Saxo Markets

    Discussions (0)

      No Posts Found.

      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.