Saxo Capital Markets is a subsidiary of Saxo Bank A/S and comes under the broad banner of the global giant, Saxo Group. Interest will be paid on the full amount, if Account Values/Net Free Equity is above threshold.
Nederland
To contrast with the other brokers: Interactive Brokers has a minimum requirement of 10 USD commission a month, totalling 120 USD a year, while DBS Vickers imposes a S$2 fee per month per counter, so thats S$24 per counter … having its place of business within the EU (except for Denmark), Danish VAT 25 % will be applied if a valid EU VAT ID is, having its place of business outside the EU, no VAT will be applied by Saxo Bank A/S, but local VAT rules may apply, The value dated cash balance of your main trading account, Plus or minus any unrealised profits or losses from open CFDs, FX Forwards and Futures on your main trading account, Plus the market value of any FX Options on your main trading account, Minus any margin required for financing open positions on your main trading account and sub-accounts. When relevant, the service subscription fee will be converted to the applicable local currency and subject to a currency conversion charge. Norge
71% of retail investor accounts lose money when trading CFDs/FX with Saxo. (classic/platinum accounts) or 0.08% (VIP accounts) is charged on accounts with open Bond, Stock and/or ETF/ETC positions, with a minimum monthly fee of EUR 10 (or account currency equivalent). No fees are charged for holding an account with Saxo, unless the account has been inactive for a prolonged period of time, in which an inactivity fee applies. So very simply, with a custodian service, like Saxo, you’re able to half the fees from 0.355% (subject to a minimum of 35 SGD) to 0.16% (subject to a minimum of 10 SGD).If you’re a trader or a guy who flips shares frequently, that can add up very fast.
Italia
Saxo Group applied the wrong relief-at-source US tax rate to your account. Saxo Bank charges negative interests aligned with central bank rates.
Note that the service subscription fee will first be charged at the end of Q4 2020, no service subscription fee will be charged for Q3 2020.
Compare IG and Saxo Capital Markets (plus one other) in this up-to-date comparison of their fees, platform, features, …
As a MAS regulated share trading broker, they’ve been a trusted local name in Singapore since 2006 and serves as the APAC headquarters. For negative Net Free Equity, interest will be market ask rates plus a mark-up, however never less than the mark-up. *If you generate a commission during the calendar month, then the actual inactivity fee will be the difference between the commission you generated and the default inactivity fee. Hong Kong S.A.R
A fee of 0.12% p.a. The charge applies to balances above the thresholds indicated in the table below. Interest on sub-accounts is calculated on the Account Value. For clients on the Classic service level a fee of USD 50 – or the equivalent amount in the account currency – will be charged when client requests online reports to be delivered by email.
Saxo Capital Markets Pte Ltd ('Saxo Markets') is a company authorised and regulated by the Monetary Authority of Singapore (MAS) [Co. Reg. The forex conversion is real time as well, which will save some fees as well. I have checked with Saxo support as well. CFD fees at Saxo Bank are average. If the EU VAT ID is not verifiable, please contact your local VAT authority. When relevant, the per vote fee will be converted to the applicable local currency and subject to a currency conversion charge. Well, It depends on whether you trade forex, crypto, indices or stocks, and what features matter to you. The value of your investments can go down as well as up.
The per vote fee will be charged at the time of voting. Custody Fee: Saxo charges a custody fee of 0.12% per annum for any accounts holding open stock, ETF, or bond positions, with a monthly minimum fee of €10 (or the £ equivalent). Apple and the Apple logo are trademarks of Apple Inc, registered in the US and other countries and regions. Trade 200+ futures covering equity indices, energy, metals, agriculture, rates and FX. Saxo Markets clients’ can execute ETFs trades via the forex brokers proprietary trading platform, SaxoTraderGO. We charge Platinum clients no more than plus/minus 0.20 % p.a., and VIPs no more than plus/minus 0.12 % p.a. Is IG or Saxo Capital Markets better? Be wary of Saxo inactivity fee.
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