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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:
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.
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.
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.
All clients can access Saxo Markets 24-hour customer support for technical issues and account queries as long as the global markets are open.
With SaxoTraderGO and SaxoTraderPRO, investors can access 40,000 financial products worldwide from forex, CFDs, stocks, options, commodities, futures to bonds.
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.
There are 3 account tiers including classic, platinum and VIP. When you upgrade your trading tier, you enjoy tighter spreads and lower commissions:
|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|
It only takes 3 steps to open a Saxo Trader account online. Details are as follows:
First, you need to fill out a form on Saxo Markets website with your personal particulars and complete a risk disclosure statement.
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.
Once the payment is confirmed, your account is ready for trading.