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

All Details

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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

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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 BrokersSaxo MarketsInteractive Brokers
Welcome OffersApply via MoneySmart before 30th April and receive an exclusive HK$1,000 cash reward if your 1-month assets reach HK$20,000Enjoy 3-month of free trial of IBKR Pro
HK Stocks Trading Fees HK$15Min: 0.015%
US Stock Trading FeeUS$1Min: US$0.0035
Minimum FundingLocal version HK$10,000; International version: US$2,000N/A
Offshore Account AvailableYesNo

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.