Saxo Investment Account
Saxo Investment Account
Top 4 reasons to apply for Saxo Markets :
1）Saxo's parent company is Saxo Bank from Denmark, which is trusted by over 1 million clients worldwide
2) Competitive and highly transparent fees, with no inactivity fees, platform fees or custody fees
3) Earn up to 4.5%* interest on your account cash balance with more flexibility of your fund
4) Access over 125 exchanges worldwide including core and emerging markets such as US, Japan & Europe. There are over 71,000+ instruments at industry-leading prices across stocks, FX, bonds and commodities, etc.
* Interest rates are indicative only and are subject to change in line with market conditions.
- HKD: margin lending rates as low as 5.39%* on top of Saxo Offer Interest Rate
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- USD: margin lending rates as low as 6.79%* on top of Saxo Offer Interest Rate
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- N/A
All Details
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Saxo Capital Markets Commission and Trading Fees
| Saxo Capital Markets Charges | Fees |
|---|---|
| Trading Fees | HK Stocks: 0.03%; US Stocks: US$0.005/share |
| Custody Fees | HK$0 |
| Outgoing Stocks Transfer Fee | €50 per ISIN |
Pros and Cons of Saxo Markets Investment Accounts
Pros
- Access 19,000+ stocks and 3000+ ETFs across core and emerging markets on 40 exchanges around the world
- A wide range of products available from stocks, ETFs, funds, bonds, options, futures, Forex, CFDs, options, listed options, etc.
- Offshore account available even with Hong Kong address
- No inactivity fees, no platform fees, no custody fees
- Offer a 20-day free demonstration of the platform with a simulated US$ 100,000 account to practice with
- Different platforms for users of different level of experience form beginners who are just trying out , to investors with some knowledge and advanced institutional traders
Cons
- Trading fees are more expensive than other platforms (HK Stocks: HK$15; US Stocks: US$1)
Saxo Markets VS Interactive Brokers Investment Account
| Saxo VS Interactive Brokers | Saxo Markets | Interactive Brokers |
|---|---|---|
| Welcome Offers | Apply via MoneySmart before 30th April and receive an exclusive HK$1,000 cash reward if your 1-month assets reach HK$20,000 | Enjoy 3-month of free trial of IBKR Pro |
| HK Stocks Trading Fees | HK$15 | Min: 0.015% |
| US Stock Trading Fee | US$1 | Min: US$0.0035 |
| Minimum Funding | Local version HK$10,000; International version: US$2,000 | N/A |
| Offshore Account Available | Yes | No |
FAQ
What are the perks of opening a Saxo account through MoneySmart?
- Apply via MoneySmart before 30th April and receive an exclusive HK$1,000 cash reward if your 1-month assets reach HK$20,000
Can I open an offshore account with Saxo?
- Yes, you can open an offshore account with Saxo even with a Hong Kong address.