SAXO Markets Reviews and Comparison - Seedly
 

SAXO Markets

  • Overview
  • Reviews (10)
  • Questions (4)
  • More Details
Online Brokerages/SAXO Markets
SAXO Markets
4.9
10 reviews

SAXO Markets

$9 to $15
TRADING FEES
0.10% to 0.12%
MINIMUM FEE
Custodian
STOCK HOLDING TYPE

    SAXO Markets

    $9 to $15
    TRADING FEES
    0.10% to 0.12%
    MINIMUM FEE
    Custodian
    STOCK HOLDING TYPE

Details

About Saxo Markets

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.

Read More about SAXO Markets
Reviews (10)

4.9

10 Reviews

  • 5
    9
  • 4
    1
  • 3
    0
  • 2
    0
  • 1
    0

Read Review About...

mobile app

commission charges

user interface

saxo years

trading fee

fair transaction

investing overseas

platform speed

not 3rd

3rd party

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  • Posted 4w ago

    Purchased

    SAXO Markets

    Decent platform and speed. Decent commission charges too. charting is not the best though. will need 3rd party charting software or platform
    0 comments
    0
  • Posted on 20 Nov 2019

    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 on 19 Nov 2019

    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 on 19 Nov 2019

    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!
    0 comments
    0
  • 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
    0
Questions (4)

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Investments

Stocks Discussion

SAXO Capital Markets

SAXO Markets

Yee Woon
Yee Woon
Level 6. Master
Answered 6h ago
They will do the conversion on their end. You take in more FX risks that way.

SAXO Capital Markets

SAXO Markets

Stocks Discussion

Investments

Bjorn Ng
Bjorn Ng
Top Contributor

Top Contributor (Dec)

Level 9. God of Wisdom
Answered 1d ago
Yeah why not? Their fees are also min 10 SGD for cash upfront. The catch is that your stocks are stored in their custodian account meaning you don't own the shares directly. However, you can transfer your stocks from your Saxo account to your CDP account. You can consider DBS cash upfront - its also min. 10 sgd and it goes directly into your CDP.

Investments

SAXO Markets

Interactive Brokers

Online Brokerages

Brokerages

Jacky Yap
Jacky Yap
Level 5. Genius
Answered 2d ago
I also have some funds lying around in my saxo account - i use that as the cash reserve to invest into stocks when any opportunity arise so I dont have to do any future transfers as they incur forex costs. :)

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.
Answer image preview

Types of Services Saxo Markets Provides

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

  • SaxoTraderGO: Trade seamlessly between devices
  • SaxoTraderPRO: Advanced trading platform for traders or investors
  • SaxoInvestor: Invest easily with SaxoInvestor platform

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:

  • 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:

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

Saxo Market Contact Information

  • 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