Compare the Best Saxo Online Investment Brokerages in Singapore 2020

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We found 2 Saxo Online Brokerages for you!
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Best Overall Trading Platform

Saxo Markets

Min. Commission Fee US Stocks
US$4
Min. Commission Fee SG Stocks
S$10
Min. Funding
S$3,000
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Saxo logo
Invest from S$100 monthly

Saxo Regular Savings Plan

Service Fee
0.75% p.a.
Expected ETF Costs
0.23%
Min. Funding
S$2,000
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Saxo Markets Products & Market Access

Whether you’re looking at long-term investments or short-term trading, setting up a Saxo trading account will enable you to do both. Given that Saxo Markets has a global scale of investment products and trading tools, you’ll find more than enough features that can help you get better at trading. If you’re into day trading, you may want to look into SaxoTradingGO or SaxoTradingPRO. These platforms have a bunch of reliable trading instruments, so you can expand your portfolio through various currency pairs, engage in long or short trades, execute trades across 36 global exchanges, dabble in the commodity market, as well as invest in CFDs, futures, options, spot metals, FX trading, ETFs and bonds. Now, if you’re the type who invests on a long-term basis, the online SaxoInvestor platform offers multiple investment options too. What’s good about this trading platform is that it allows you to manage your diverse investment portfolio from a single account. It even has an integrated research tool to keep you up-to-date on what's happening in the market.

Saxo Markets Fees and Charges

Commission Fee

Here’s what you should always take note of – there’s no one fixed commission fee when it comes to trading. In the case of Saxo Markets, their commission fees vary by product and exchange. If you invest in mutual funds through them, there’s zero commission fee involved. However, for other products, the commission fees vary based on the type and trading volume. They publish their rates on their website, along with those of other Singapore-based brokers, for ease of comparison.

Spreads

If you’re new to trading, spread is simply the difference in the offer and ask price that a trader is willing to pay. So it represents the cost for traders and the profit for sellers. To check Saxo’s past and present spreads, you’ll find a detailed breakdown on their website, where you’ll also find a table comparing their minimum spreads with those of other Singapore-based brokers.

Rollover Rate

You’ll be surprised that rollover rates are typically overlooked by traders. This rate is the interest that’s either charged or credited to your account each time you keep your position open overnight. By doing so, you’ll either earn profits or incur losses, which can be significant or negligible, depending on how long you hold your position open.

Saxo Account Opening Procedure

Apply online

Using your SingPass, via MyInfo, you can apply online in just a few minutes. Account verification may take a few days.

Fund

Fund your account easily and securely through your preferred funding method, including FAST and PayNow, which are both speedy and free of charge. There’s no minimum funding to access the SaxoInvestor platform to access stocks, ETFs, bonds, funds and managed portfolios, while the SaxoTraderGO and SaxoTraderPRO platforms require a minimum initial deposit of S$3,000, and also provide access to more complex products such as CFDs and leveraged FX.

Trade

Access all asset classes from one account

Saxo Investment Platforms and Trading Insights

Tech-savvy or not, different types of traders and investors will enjoy the ease of trading with Saxo Markets. Since we’re all about convenience these days, you’ll be able to access and execute trades on SaxoTraderGO and SaxoInvestor using your desktop, tablet or mobile. If you opt for SaxoTraderPRO – suited to professional traders – you can manage your account from your desktop, or your four- or six-screen set-up, on Windows or Mac. You can also sync this with SaxoTraderGO’s mobile app. Across these 3 trading platforms, Saxo Markets ensures that you’re able to monitor market trends and obtain relevant market insights to help you execute informed trades effectively.

Frequently Asked Questions

What are the minimum brokerage charges in SAXO?

Well, it’s not fixed. Most brokerage fees depend on the type of asset and value of each transaction you make.

Who can open SAXO online trading account?

As long as you’re 18 years old and above, and not an undischarged bankrupt, you can open an individual, corporate or joint account with Saxo Markets.

What is the initial deposit required?

There’s no minimum funding to access the SaxoInvestor platform to access stocks, ETFs, bonds, funds and managed portfolios, while the SaxoTraderGO and SaxoTraderPRO platforms require a minimum initial deposit of S$3,000, and also provide access to more complex products such as CFDs and leveraged FX.

Are there any charges to open a trading account with SAXO?

Opening an account with Saxo Markets is free of charge.

How to transfer money to SAXO trading account?

Fund your account easily and securely through your preferred funding method, including FAST and PayNow, which are both speedy and free of charge.