What is the requirement for opening a Saxo Markets trading account?

You need to be at least 18 years old to be eligible for account opening. Also, you are required to provide basic information including your name, telephone number and address together with support documents e.g. proof of ID and proof of residential address.

What will happen if Saxo Markets shuts down?

Since Saxo Markets is fully licensed, investors will be protected under the Investor Compensation Fund ("ICF"). However, the compensation is capped at HK$150,000.

Can members access Saxo Trader for free?

You don’t need to pay for subscription fees in order to access SaxoTraderGO and SaxoTraderPro. However, some features like level 2 market data are only exclusive to paid members.

Find the Best Saxo Stocks Accounts in Hong Kong 2023

Choose from MoneySmart's curated list of best Saxo brokerage accounts in Hong Kong!

Saxo Markets Review 2023 - Major Features Uncovered

Founded in 1992, Saxo Markets is an award-winning platform on which investors can access over 40,000 financial products with competitive prices. With extensive experience in global capital markets, it is trusted by 860,000+ clients and 120 partner banks. To stay on top of industry trends, it invests heavily in new technology. To help you quickly learn more about Saxo Markets, MoneySmart has put together a table summarizing its major features:

25 years+ Experience

Founded in 1992, Saxo Markets is a fully licensed and regulated bank with over 25 years of experience. It is trusted by 860,000+ clients and 120 partner banks.

Innovative Technology

Saxo Markets invests heavily in innovative technology with an aim to providing clients with institutional-grade execution and powerful features on the platform. With one account, clients can invest in both cash products and leveraged products.

Competitive Prices

Saxo Markets offers industry-leading entry prices, including competitive spreads from 0.4 pips and lower commissions across different asset classes to keep investment costs down.

24/5 Customer Support

All clients can access Saxo Markets 24-hour customer support for technical issues and account queries as long as the global markets are open.

Access 40,000 + Financial Products

With SaxoTraderGO and SaxoTraderPRO, investors can access 40,000 financial products worldwide from forex, CFDs, stocks, options, commodities, futures to bonds.

One-Stop-Shop Solution for Investment

Saxo Markets is a one-stop-shop solution for investment. It does not only provide a platform for investors to trade but it also provides daily insights, analysis and views across different global markets together with a series of courses, events and webinars for investors to learn at their own pace.

Classic

Minium fundng：US $2,000 or equivalent

Competitive entry prices

24/5 customer support

Platinum

Minium fundng：US $200,000 or equivalent

Up to 30% lower entry prices than the classic account

Priority customer support in local language

VIP

Minium fundng：US $1,000,000 or equivalent

Personal relationship manager in the local language

24/5 direct access to trading experts

1:1 SaxoStrats access

Exclusive invitations to events

Saxo Markets - Pricing Overview

Financial Products	Platinum Pricing	VIP Pricing
FX	as low as 0.5 pips	as low as 0.4 pips
Stocks	as low as US $7	as low as US $3
Commodities	as low as US $3/ lot	as low as US $0.85/ lot
Futures	as low as US $3/ lot	as low as US $0.85/ lot
FX options	as low as 4 pips	as low as 3 pips
Listed options	as low as US $2/ lot	as low as US $0.85/ lot
ETFs	as low as US $7	as low as US $3
Bonds	as low as 0.10% on govt. bonds	as low as 0.05% on govt. bonds
Mutual Funds	US$ 0	US$ 0

Step 1

Register

First, you need to fill out a form on Saxo Markets website with your personal particulars and complete a risk disclosure statement.

Step 2

Fund your Account

Next, you need to fund your trading account with at least HK$10,000 by bank transfer or cheque. Then, you need to submit a proof of payment for the record.

Step 3

Start Trading

Once the payment is confirmed, your account is ready for trading.

Saxo Markets - Refer-a-Friend Scheme

Existing Saxo Markets customers can earn up to HK$5,000 every successful referral made, depending on the deposit amount of new customers, See details below:

Deposit amount of new customers: HK$16,000 or above, Rewards of existing customers: HK$1,000

Deposit amount of new customers: HK$500,000 or above, Rewards of existing customers: HK$5,000

Saxo Markets FAQ

What is the requirement for opening a Saxo Markets trading account?: You need to be at least 18 years old to be eligible for account opening. Also, you are required to provide basic information including your name, telephone number and address together with support documents e.g. proof of ID and proof of residential address.
What will happen if Saxo Markets shuts down?: Since Saxo Markets is fully licensed, investors will be protected under the Investor Compensation Fund ("ICF"). However, the compensation is capped at HK$150,000.
Can members access Saxo Trader for free?: You don’t need to pay for subscription fees in order to access SaxoTraderGO and SaxoTraderPro. However, some features like level 2 market data are only exclusive to paid members.