- Min. Commission Fee US Stocks
- US$4
- Min. Commission Fee SG Stocks
- S$0
- Min. Funding
- S$3,000
- Min. Commission Fee US Stocks
- US$4
- Min. Commission Fee SG Stocks
- S$0
- Min. Funding
- S$2,000
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Looking for the best online brokerage in Singapore? Whether you are a beginner or an expert in trading and investing, we’ve compiled the best brokerages available in Singapore.
Saxo Singapore Trading Products | Trading Fees | |
---|---|---|
US Stocks/ ETFs | 0.06% (Min. US$4, Max. US$100) | |
SG Stocks/ ETFs | 0.08% of contract value (Min. S$10) | |
US Stocks CFD | 0.06% of contract value (Min. S$15) | |
SG Stocks CFD | 0.19% of contract value (Min. S$15) | |
Commodities Fees | 0.06% of contract value (Min. US$7) | |
Bond Fees | 0.20% of contract value (Min. of €80) | |
Forex Fees | 0.6 pips (EUR/ USD), 1.2 pips (USD/ SGD) | |
Mutual Fund Fees | US$0 | |
Carrying/ Holding Cost | 1.50% | |
Manual Order Fee | €50 per order | |
Reporting Fee | US$50 for online reports | |
DRS Stock Transfer Fee | Varies | |
Custody Fee | 0.12% per annum | |
Inactivity Fee | US$100 | |
Entry/ Exit Fee | €50 per ISIN (Max. €160 per transfer request) | |
Account Opening Fee | S$0 | |
Minimum Funding | S$3,000 – S$1,500,000 (depends on account type) |
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. The entire process should take an average of 2 working days for a private account.
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 online brokerage. Fret not, we have it all covered here.
Saxo Trading Products | ||
---|---|---|
Stocks | Over 19,000 stocks across 37 international exchanges | |
Bonds | Over 5,000 government and corporate bonds | |
ETFs | Over 3,000 exchange traded funds across over 30 exchanges | |
Mutual Funds | Over 500 mutual funds with global investors | |
Managed Portfolios | Defensive to aggressive portfolios adjusted to your goals | |
Regular Savings Plan | Defensive to aggressive portfolios from S$100 contributions per month | |
Forex | 182 major, minor, and exotic FX pairs | |
CFDs | Over 9,000 on stocks, indices, forex, commodities, options, or bonds | |
Futures | Over 200 futures across 23 exchanges internationally | |
Commodities | Trade spot metals, corn, and Brent Crude or WTI crude oil | |
Forex Options | 44 Forex vanilla options across major pairs | |
Listed Options | Over 1,200 listed options across 23 global exchanges |
Saxo offers free online tutorials, courses, news, and analysis articles for both beginner and expert traders and investors alike.
To contact Saxo customer service in Singapore, call +65 6303 7888. Alternatively, you can initiate a chat or support ticket via your Saxo Investor, Saxo TraderGO, or Saxo TraderPRO platforms. To do so, click on the icon with the question mark, followed by “Chat”. To create a support ticket, click on “Menu”, “Account”, or “Settings”, followed by “Contact Support”.
Saxo allows you to trade a variety of trading products such as stocks, ETFs, bonds, commodities, options, futures, funds, FX and CFDs at competitive commission fees and rates such as 0.08% commission fee with a S$10 minimum for SGX Singapore stocks. Low commission fees aside, Saxo Singapore’s beginner-friendly Classic account also comes with a relatively accessible and low S$3,000 minimum funding deposit, lots of learning and research resources, and intuitive trading platforms.
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