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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|
|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.