Saxo Investment Account
Saxo Investment Account
🔥Highest offer in town
Top 4 reasons to apply for Saxo Markets :
1）Saxo's parent company is Saxo Bank from Denmark, which is trusted by over 1 million clients worldwide
2) Competitive and highly transparent fees, with no inactivity fees, platform fees or custody fees
3) Earn up to 4.5%* interest on your account cash balance with more flexibility of your fund
4) Access over 125 exchanges worldwide including core and emerging markets such as US, Japan & Europe. There are over 71,000+ instruments at industry-leading prices across stocks, FX, bonds and commodities, etc.
* Interest rates are indicative only and are subject to change in line with market conditions.
- ¥800
- Min. Commission Fee Japan Stocks
- US$1
- Min. Commission Fee US Stocks
- HK$15
- Min. commission Fee HK Stocks
MoneySmart Exclusive
From now until April 30, 2024, by successfully opening a Saxo account through the exclusive MoneySmart link and depositing a total of HK$20,000 or equivalent currency and no withdrawal for 30 days, will receive a HK$1,000 cash reward# (which will be directly deposited into Saxo account).
#Saxo reserves the sole discretion to determine the eligibility. Its decision will be final and cannot be disputed.
#Saxo reserves the sole discretion to determine the eligibility. Its decision will be final and cannot be disputed.
Are you eligible?
- New clients who do not have an existing account with Saxo
All Details
Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. For any discrepancy in product information, please refer to the financial institution’s website for the most updated version. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.
Saxo Capital Markets Commission and Trading Fees
| Saxo Capital Markets Charges | Fees |
|---|---|
| Trading Fees | HK Stocks: 0.03%; US Stocks: US$0.005/share |
| Custody Fees | HK$0 |
| Outgoing Stocks Transfer Fee | €50 per ISIN |
Pros and Cons of Saxo Markets Investment Accounts
Pros
- Access 19,000+ stocks and 3000+ ETFs across core and emerging markets on 40 exchanges around the world
- A wide range of products available from stocks, ETFs, funds, bonds, options, futures, Forex, CFDs, options, listed options, etc.
- Offshore account available even with Hong Kong address
- No inactivity fees, no platform fees, no custody fees
- Offer a 20-day free demonstration of the platform with a simulated US$ 100,000 account to practice with
- Different platforms for users of different level of experience form beginners who are just trying out , to investors with some knowledge and advanced institutional traders
Cons
- Trading fees are more expensive than other platforms (HK Stocks: HK$15; US Stocks: US$1)
Saxo Markets VS Interactive Brokers Investment Account
| Saxo VS Interactive Brokers | Saxo Markets | Interactive Brokers |
|---|---|---|
| Welcome Offers | Apply via MoneySmart before 30th April and receive an exclusive HK$1,000 cash reward if your 1-month assets reach HK$20,000 | Enjoy 3-month of free trial of IBKR Pro |
| HK Stocks Trading Fees | HK$15 | Min: 0.015% |
| US Stock Trading Fee | US$1 | Min: US$0.0035 |
| Minimum Funding | Local version HK$10,000; International version: US$2,000 | N/A |
| Offshore Account Available | Yes | No |
FAQ
What are the perks of opening a Saxo account through MoneySmart?
- Apply via MoneySmart before 30th April and receive an exclusive HK$1,000 cash reward if your 1-month assets reach HK$20,000
Can I open an offshore account with Saxo?
- Yes, you can open an offshore account with Saxo even with a Hong Kong address.