Saxo Markets
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Summary
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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.
Saxo Markets
$2
MINIMUM FEE
0.03% to 0.08%
TRADING FEES
Custodian
STOCK HOLDING TYPE
[PROMO] Stand a chance to win S$50,000 in SaxoWealthCare Grand Draw. Valid till 7 Sep 2022. T&Cs apply. Learn more below.
Saxo Markets
$2
MINIMUM FEE
0.03% to 0.08%
TRADING FEES
Custodian
STOCK HOLDING TYPE
[PROMO] Stand a chance to win S$50,000 in SaxoWealthCare Grand Draw. Valid till 7 Sep 2022. T&Cs apply. Learn more below.
4.3
367 Reviews
Service Rating
Customer Support
User Experience
Pinned by Saxo Markets
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Saxo Markets
1
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
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Saxo Markets
Edited 17d ago
Hi Jme,
Thank you for your feedback. Your concerns are valid and Saxo takes them into consideration when we constantly work to improve our platform and product offering to all clients.
We offer up to 4 sub-accounts in different currencies for all clients. You can instantly transfer funds in SGD via Paynow or FAST to your Saxo SGD account, this is free of charge. Then do a Sub Account Transfer to your non local currency sub-account instantly. Currency conversion for sub-account transfers are at a very competitive rate of 0.3%. If you are looking to transfer funds in other currencies, this is via a Telegraphic Transfer where your bank will charge you a TT fee and it will take 2-5 business days.
We have recently introduced our New Pricing Plans which allow you to save costs and earn commission credits, depending on which plan you upgrade yourself to. See Pricing Plans here: https://www.home.saxo/en-sg/accounts/plans
You can also waive or halve your custody fees when you opt in to Securities Lending on your Saxo account. Details here: https://www.home.saxo/en-sg/accounts/securities...
Kind regards,
Saxo Markets
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Saxo Markets
18d ago
Hi Sean,
Thank you for your detailed review. It is great to hear that you had a positive experience at Saxo.
We sincerely appreciate you taking the time to share with us your trading experience at Saxo.
Kind regards,
Saxo Markets
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Saxo Markets
18d ago
Hi Jerrome,
Thanks so much for your review, great to hear we are on the right track.
Kind regards,
Saxo Markets
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Stand a chance to win S$50,000 in SaxoWealthCare Grand Draw
Saxo Markets offers a few types of services on its trading platform.
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:
Minimum Initial Funding: S$3,000
Benefits:
Minimum Initial Funding: N.A.
Benefits:
Minimum Initial Funding: N.A.
Benefits:
Minimum Initial Funding: N.A.
Benefits:
Minimum Initial Funding: N.A.
Benefits:
Currency conversion fee via account transfer
Free live prices
No hidden fees, no new fees
The fees and charges of Saxo Markets are as follows:
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 |
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) |
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 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 us at [email protected] should you require any assistance or spot any inaccuracies.