facebookSaxo Markets Reviews and Comparison - Seedly
Online Brokerages/Saxo Markets
Online Brokerages/Saxo Markets
4.4
543 reviews
Visit Site
claimed

Claimed

This product is managed by Saxo Markets.

Summary

Product Page Transparency

  • Claimed in March 2021
  • Pays to access additional features

Saxo Markets Review 2022

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$2
  • Commission Rate: 0.03% (Diamond) - 0.08% (Bronze)
  • Account Type: Custodian
  • Products available at Saxo Markets: Stocks, CFDs, ETFs, Forex, Futures, Bonds, Commodities, Forex, Mutual Funds

...see more

Saxo Markets

$2

MINIMUM FEE

0.03% to 0.08%

TRADING FEES

Custodian

STOCK HOLDING TYPE

Saxo Markets

$2

MINIMUM FEE

0.03% to 0.08%

TRADING FEES

Custodian

STOCK HOLDING TYPE

📣 SIGN-UP BONUS

Stand a chance to win S$50,000 in SaxoWealthCare Grand Draw. Learn more below.

Valid till 07 Sep 2022. T&Cs apply.

Dot Pattern
Handphone
Reviews (543)

4.4

543 Reviews

5
348
4
132
3
30
2
8
1
25

Service Rating

Customer Support

4.4

User Experience

4.5
    pinned

    Pinned by Saxo Markets

      Posted 10 Apr 2022

      Purchased

      Saxo Markets

      I have been using Saxo since 2019 as it was recommended by my brother. As a new investor back then, I thought it will be quite overwhelming. But the learning curve for me was rather easy. Saxo's user interface is straightforward and intuitive. Everything was so smooth from opening an account, depositing my funds, and to buying my first stocks. Financial literacy is also a plus for me. With Saxo, I am able to access webinars and articles in order for me to gain insights to trends and outlook shared by their in-house analysts. I must say that this is really helpful in order for me to navigate and stay ahead of the global markets. Also, not forgetting the customer support system of Saxo. Professionalism is always 100%. They are quick to respond to my queries and very patient to explain terms I find hard to digest. I'm so glad to have Saxo as my first ever brokerage account. My friends tried to recommend me other cheaper alternatives, but I don't really see the need to create another one. Investing is indeed fun and fulfilling when you know you are in the right platform, and everything investment-related is available here at Saxo. I will truly recommend it to first-time and seasoned investors. Thank you Saxo for the great work!

      1

      What are your thoughts?

      Saxo Markets

      Saxo Markets

      11 Apr 2022

      Hi Vee,

      We sincerely appreciate you taking the time to share with us your trading experience at Saxo. It is our pleasure to provide the best possible service to our clients, and we are glad that this commitment was reflected.

      Kind regards,
      Saxo Markets

      Posted 21h ago

      Purchased

      Saxo Markets

      SAXO has quite an impressive track record, especially among Singapore-based online brokerages. It has over many years of history, amassing types of financial products in its catalogue. For those who are looking to start investing at lower capital, there are regular savings plans and share builder plans that will be helpful in building a portfolio at a gradual, consistent pace.

      0

      What are your thoughts?

      Posted 1d ago

      Purchased

      Saxo Markets

      Been using Saxo since 2021 and it has been a seamless and pleasant experience. Lowest commission rate on SGX trades. Funding and withdrawal is also easy and quick.

      0

      What are your thoughts?

      Posted 1d ago

      Purchased

      Saxo Markets

      There is no eDDA setup like momo that is able to pull funds immediately. However, the charges to hold foreign stocks is still aceptable.

      0

      What are your thoughts?

      Posted 1d ago

      Purchased

      Saxo Markets

      Good Broker. Allow trade with many instrument from different segment. Decent commission at higher subscription

      0

      What are your thoughts?

      Posted 1d ago

      Purchased

      Saxo Markets

      Saxo Trading Platform is very easy to trade. It has lowest commission on SGX trade. Account info, trade info, p&l and much more on single click. Recommended for beginner well as pro traders.

      0

      What are your thoughts?

      Posted 1d ago

      Purchased

      Saxo Markets

      Been using Saxo platform for past 2 years. Platform is clear, intuitive and easy to use. Have plenty of articles to update you on markets and many webinars for both beginners and experienced users to benefit from.

      0

      What are your thoughts?

      Posted 1d ago

      Purchased

      Saxo Markets

      I've been using Saxo Markets since early 2020, and I can say with some experience that trading for a beginner investor has never been easy. The user Interface is the biggest draw - unlike many other trading platforms, Saxo has a neat, uncluttered interface, allowing the user to pick what metrics are most important to them. Another attractive feature is the extremely low Commission Rates. Based on a comparison on Seedly, Saxo offers the lowest rates across most products.

      0

      What are your thoughts?

      Posted 1d ago

      Purchased

      Saxo Markets

      Saxo's user interface is very friendly and easy to understand. Risks and return statistics are available and this helps understand overall portfolio status and performance. The options strategies function allow for quick understanding of the overall shape of the risk and the max loss/max gain from deploying such strategies. The funding is easy and fast (Paynow) for singaporeans and withdrawal is fuss-free and quick too. The new pricing plans make day trading much more affordable as well.

      0

      What are your thoughts?

      Posted 1d ago

      Purchased

      Saxo Markets

      Application process was quick. However the money transfer via FAST was not quite as fast, although it says in their website it says the transfer should be almost immediate. And only got notification for the first transfer but not subsequent transfers. Got a call from one of their sales agents and had a pleasant conversation and took the feedback. The app itself is not extremely user friendly but it is ok once you get the hang of it. Love everything else about Saxo Markets, the rates are competitive and their varieties of risk appetite baskets to choose from.

      0

      What are your thoughts?

    Discussions (0)

      No Posts Found.

      Exclusive Rewards

      Stand a chance to win S$50,000 in SaxoWealthCare Grand Draw

      • Promotion is valid from 25 April to 7 September 2022
      • Promotion is applicable to new and existing Saxo Markets applicants
      • 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 six tiers of account Saxo Markets provide are:

      Bronze

      Minimum Initial Funding: S$3,000

      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:

      • 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 credit
      • 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 credit
      • 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 credit
      • 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

      0.6

      0.6

      0.6

      0.5

      0.4

      GBP USD

      0.7

      0.7

      0.7

      0.6

      0.4

      EUR JPY

      0.7

      0.7

      0.7

      0.6

      0.4

      USD JPY

      0.6

      0.6

      0.6

      0.5

      0.4

      AUD USD

      0.5

      0.5

      0.5

      0.4

      0.3

      Stock Pricing For Main Exchanges

      Exchange

      Bronze

      Silver

      Gold

      Platinum

      Diamond

      NASDAQ

      0.06% (min. USD 4)

      0.04% (min. USD 3)

      0.03% (min. USD 2)

      0.025% (min. USD 1.5)

      0.02% (min. USD 1)

      New York Stock Exchange

      0.06% (min. USD 4)

      0.04% (min. USD 3)

      0.03% (min. USD 2)

      0.025% (min. USD 1.5)

      0.02% (min. USD 1)

      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. EUR 20)

      0.20% (min. EUR 20)

      0.20% (min. EUR 20)

      0.05% (min. EUR 20)

      0.05% (min. EUR 20)

      EU and US corporate bonds

      0.20% (min. EUR 20)

      0.20% (min. EUR 20)

      0.20% (min. EUR 20)

      0.10% (min. EUR 20)

      0.10% (min. EUR 20)

      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.