Compare the Best Saxo Online Investment Brokerages in Singapore 2026
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Saxo Capital Markets Singapore
Looking for the best Investments in Singapore? Whether you are a beginner or an expert in trading and investing, we’ve compiled the best brokerages available in Singapore.
Saxo is an online trading platform offered by the Copenhagen-based Saxo Bank which covers a wide range of product portfolios such as stocks, ETFs (exchange traded funds), bonds, commodities, options, futures, funds, forex, and CFDs (contract for differences).
Saxo Singapore gains you access to 37 international and overseas markets, and allows you trade across 19,000 single name stocks. Saxo is great for investors who are looking to trade regularly at relatively lower commission fees across a diverse investment portfolio. Saxo Capital Markets Pte Limited is authorised and regulated by the MAS (Monetary Authority of Singapore).
Along with its competitive rates, Saxo Singapore also offers investors 3 user-friendly platforms, SaxoInvestor, SaxoTrader for traders to choose from, comprehensive research and analysis tools, and 24/5 customer service support.
Saxo Fees
Commission Fee
At Saxo, commission fees vary according to the trade product, trade exchange, trade volume, and your Saxo account tier status. Saxo is known for their relatively lower stock commission fees at 0.08% (minimum of S$3) for SGX and 0.08% (minimum of US$1) for US stocks. When it comes to FX, EUR/ USD spreads start at 0.7 pips if you’re a Classic account holder and lower to 0.6 pips and 0.5 pips for Platinum and VIP account holders, respectively. CFD commissions start from US$7 for US stock CFDs. ETF commissions start from US$1 on US-listed ETFs. Bond commissions start from 0.12% on US government bonds. Additionally, there are $0 commission, custody, and platform fees for mutual funds. View the full spreads and commissions list at Saxo online.
Spreads
Spread is simply the difference in the offering and asking price that a trader is willing to pay while trading Forex – both representing the cost for traders, and profit for sellers. Spreads of popular FX pairs include 0.7 pips for EUR/ USD, 0.8 pips for GBP/ USD, 0.8 pips for EUR/ JPY, 1.1 pips for USD/ JPY, and 0.6 pips for AUD/ USD (rates are based on an entry-level Classic account tier with Saxo). View Saxo’s historical and live spreads on the Saxo Singapore website.
Rollover Rate
Rollover rates are typically overlooked by traders. This rate is the interest that is either charged or credited to your account each time you keep your positions open overnight – which most brokerages will charge you a fee to help you do so. Depending on the currency’s interest rate, the rollover rate for your position may be positive on one day, and negative on another day – representing gains or cost for you. On your Saxo trading platform, select “Account”, “Historic Reports”, followed by “Forex Rollovers” to view historical reports of FX rollover rates.
Saxo Fees and Charges: A Summary
| Saxo Singapore Trading Products | Trading Fees | |
|---|---|---|
| Saxo Singapore Trading ProductsUS Stocks/ ETFs | Trading Fees0.08% (Min. US$1) | |
| Saxo Singapore Trading ProductsSG Stocks/ ETFs | Trading Fees0.08% of contract value (Min. S$3) | |
| Saxo Singapore Trading ProductsUS Stocks CFD | Trading Fees0.06% of contract value (Min. S$7) | |
| Saxo Singapore Trading ProductsSG Stocks CFD | Trading Fees0.08% of contract value (Min. S$15) | |
| Saxo Singapore Trading ProductsCommodities Fees | Trading Fees0.06% of contract value (Min. US$6) | |
| Saxo Singapore Trading ProductsBond Fees | Trading Fees0.12% of contract value (Min. of US$5) | |
| Saxo Singapore Trading ProductsForex Fees | Trading Fees0.7 pips (EUR/ USD), 1.1 pips (USD/ SGD) Earn cash rebates on your FX trades above threshold on specified plans. | |
| Saxo Singapore Trading ProductsMutual Fund Fees | Trading FeesUS$0 | |
| Saxo Singapore Trading ProductsCarrying/ Holding Cost | Trading Fees0% | |
| Saxo Singapore Trading ProductsDRS Stock Transfer Fee | Trading FeesVaries | |
| Saxo Singapore Trading ProductsCustody Fee | Trading Fees0.12% per annum (0% if opted into Securities Lending) | |
| Saxo Singapore Trading ProductsInactivity Fee | Trading FeesUS$0 | |
| Saxo Singapore Trading ProductsTransfer-out fee | Trading Fees€50 per ISIN (Max. €160 per transfer request) | |
| Saxo Singapore Trading ProductsAccount Opening Fee | Trading FeesS$0 | |
| Saxo Singapore Trading ProductsMinimum Funding | Trading FeesS$0 – S$1,500,000 (depends on account tier) |
SaxoInvestor vs SaxoTrader
SaxoTrader
There are 2 Saxo online trading platforms you can choose from, depending on your investment needs. SaxoTrader is Saxo’s most popular online trading platform and is suitable for small and medium volume traders across all experience levels. The award-winning platform provides trading tools such as trade tickets, equity research showing company fundamentals and analyst sentiments, news feeds, trade signals, live charts, and charting all in an easy-to-navigate interface. If you prefer to view things at a glance, you will be able to manage your account and analyse portfolios’ performance with functions such as Portfolio Summary, Performance Analysis and Returns Breakdown.
SaxoInvestor
SaxoInvestor was designed for the regular retail investor, basically regular folks like you and I. First, there is no minimum funding amount. Second, you can access cash products like stocks, mutual funds, ETFs, bonds, and Saxo’s regular savings plan. Finally, you will be able to access investment themes, such as electric vehicles, robotics, and more, to help you identify potential investments in your preferred sectors. In each theme, you will find a curated list of relevant stocks, mutual funds, and ETFs.
How to open a Saxo Account in Singapore
It is easy to open a Saxo trading account in Singapore: apply online via SingPass and submit all necessary documents, fund your account, and trade.
Apply Online
To apply for your first Saxo account easily, scroll up, click on your Saxo account of choice and you will be guided through an online application. Alternatively, visit the Saxo Singapore website and select “Open Account”. If you are a Singaporean or PR, you will be able to use SingPass MyInfo to complete the application. If you are not a resident of Singapore, select “Sign up without MyInfo” and you will be guided through an online form. The account verification process may take up to 2 working days. Once approved, you will receive an email from Saxo with your SaxoID, login credentials, and payment information to fund your account.
Fund
Once you have received your verification email, you need to fund your account to start trading. You can fund your account via PayNow or FAST instantly and free of charge. Ensure your payment details are aligned with the payment information provided in the verification email. There is no minimum funding required for Classic account tier. For Platinum and VIP account tiers, the funding is S$300,000 and S$1,500,000, respectively.
Learn to Trade
Now that you have your first Saxo Singapore account ready, there are numerous videos and step by step guides on the Saxo Singapore website to help you get started. Visit the Saxo Singapore website, open the drop down menu, select “Support” and you will find a list of guides for beginners. You will be able to watch and learn how to use trading platforms such as Saxo Investor, read and learn about the basics, historical, and live news and data of your preferred financial product, practice and learn to execute your trades on a free demo account. Once you have grasped a basic understanding, visit “Inspiration” instead to read the latest market news.
Your First Trade
Launch the Saxo trading platform and choose the products you're interested in, browse the research and analysis, and get started on your investment journey.
Saxo Deposit and Withdrawals
What is Saxo's minimum deposit for opening a trading account? Which Saxo account type should I choose? Also, if I were to open a Saxo account, will I be able to close my Saxo account easily in the future? These are common questions that we have while considering an Investments. Fret not, we have it all covered here.
Minimum Deposit
What is Saxo’s trading minimum deposit? S$0 and above – depending on the size of your trading budget. There are 3 Saxo account types: for an entry-level Classic account, there is no minimum initial funding, a Platinum account requires S$300,000 minimum initial funding, while a VIP account requires a S$1,500,000 minimum initial funding.
Close Saxo Account
To close your Saxo account, login to your SaxoInvestor or SaxoTrader platform. Go to “Your account” > Request account services, click on Close my account. You will have to close your open positions, and select the “Withdraw Cash” function.
Saxo Trading Products
| Saxo Trading Products | ||
|---|---|---|
| Saxo Trading ProductsStocks | Over 23,000 stocks across 50 international exchanges | |
| Saxo Trading ProductsBonds | Over 5,200 government and corporate bonds | |
| Saxo Trading ProductsETFs | Over 7,400 exchange traded funds across over 30+ exchanges | |
| Saxo Trading ProductsMutual Funds | Over 500 mutual funds with global investors | |
| Saxo Trading ProductsForex | 185 FX spot pairs and 140 forwards across majors, minors, exotics, plus spot metals | |
| Saxo Trading ProductsCFDs | Over 8,600+ on stocks, ETF CFDs, index, commodity & bonds. | |
| Saxo Trading ProductsFutures | Over 250 futures across 25+ exchanges internationally | |
| Saxo Trading ProductsCommodities | Trade spot metals, corn, and Brent Crude or WTI crude oil | |
| Saxo Trading ProductsForex Options | 45+ Forex vanilla options across major pairs | |
| Saxo Trading ProductsListed Options | Over 3,100 listed options across 20 global exchanges |
Saxo News and Research
Saxo offers free online tutorials, courses, news, and analysis articles for both beginner and expert traders and investors alike.
Saxo Trading Course
New to trading? Saxo offers free online trading courses on their website across 7 financial products, namely bonds, CFDs, equities, forex, forex options, futures, and options. Each course comes with 2 to 3 video lessons with interactive quizzes. You will be guided through basics such as introduction to forex and equities, what does technical analysis mean, how do futures work, how are bonds structured and priced, and how do long and short contracts mean. These trading courses are free for all.
Platform Video Tutorials
Saxo offers step by step articles and video guides detailing how you can use their trading platforms. To find these video guides, visit the Saxo Singapore website, select “Support” from the main menu, followed by “Video Guides”. Alternatively, you can browse articles by your topic of interest such as building your first Saxo watchlist, how to fund your Saxo account, and more.
SaxoStrats
SaxoStrats is Saxo’s in-house strategy team of experts behind the Saxo Call podcast, quarterly economic reports, news and market articles, commentaries, and opinions on the Saxo Insights, Saxo News and Research, and the website’s “Inspiration” section. The articles are free for all to access, and you can keep up with the SaxoStrats experts on Twitter too. Saxo Singapore has its own team of SaxoStrats Singapore sales traders as well.
Saxo Help Desk
Saxo Summary
Commonly Asked Questions
How do you use Saxo?
- To use Saxo online trading platforms, you need to first apply for an account online, and fund your account before you can start trading. Once you have set up your account, take some time to browse the Saxo tutorials and video guides to learn how to use Saxo’s trading platforms.
How do I draw money from Saxo?
- To withdraw funds, simply login to your SaxoInvestor or SaxoTrader platform, go to main menu > Deposits and Transfer > Withdraw funds > Select Saxo account you want to withdraw from > Enter withdrawal amount and currency > Select External account > Click Transfer. For security, Saxo only allows withdrawals to accounts that have been verified to belong to you. Note that exit fees of €50 per ISIN (maximum of €160 per transfer request) apply for transfers of securities to your brokerage account outside Saxo.
Does Saxo have inactivity fee?
- No, Saxo does not charge an inactivity fee.
How long does it take to open a Saxo account?
- If all necessary documents are submitted upon account application, the process with be almost immediate. After which, you can fund your account, browse the Saxo tutorials and video guides to learn how to use Saxo’s trading platforms or simply start trading
What is Saxo hotline?
- The Saxo hotline is +65 6303 7888 if you are in Singapore. Alternatively, you can reach the Saxo customer service support via the in-app chat function in your SaxoTrader trading platform. If you are using the SaxoInvestor trading platform, click on the “Settings” icon, followed by “Contact Support” to submit a support request. If you are not an existing Saxo client, you can email Saxo’s customer service support via the Saxo website as well.
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