Name: Saxo
Brand: Saxo
Price: 3 SGD
Availability: InStock
Rating: 4.2 (1 reviews)

Overview

Saxo provides access to over 71,000 instruments including stocks, bonds, ETFs, options, futures, forex and CFDs across 50+ global markets. Three tiered accounts (Classic, Platinum, VIP) give progressively better pricing as your portfolio grows. MAS regulated since 2006 with A- S&P credit rating and Danish banking heritage, Saxo serves over one million clients worldwide. New users currently receive a free Platinum tier upgrade, normally requiring SGD 300,000 in deposits.

Pros

↑Extraordinary product breadth with 71,000+ instruments across multiple asset classes
↑Tiered reward system reduces costs for active traders
↑Interest paid on uninvested cash balances for Platinum and VIP tiers

Cons

↓Premium pricing tiers require substantial deposits of SGD 300k or SGD 1.5M
↓Custody fees apply unless securities lending enabled
↓Complex fee structure across different asset classes and tiers

Key Highlights

Welcome Offer
Free Platinum tier upgrade
New clients get a free upgrade to Platinum pricing tier
Platinum tier normally requires SGD 300,000 deposit
Includes reduced commissions: 0.05% on stocks (min SGD 3)
Available when opening and funding a new account
Subject to terms and conditions on Saxo website

Trading Costs
From 0.03% minimum SGD 3
Singapore stocks: 0.03% to 0.08% based on tier (min SGD 3)
US stocks: 0.03% to 0.08% based on tier (min USD 1)
VIP tier offers lowest commission rates
All rates plus prevailing GST for Singapore residents

Assets & Markets
71,000+ global instruments
23,000+ stocks across 50+ global markets
7,400+ ETFs from 30+ exchanges
185 forex pairs plus 140 forwards and spot metals
3,100 listed options, 250 futures, 5,200+ bonds, 8,600+ CFDs

Why Choose?
Three tiered accounts
Classic: No minimum, standard pricing
Platinum: SGD 300k minimum, better rates plus interest
VIP: SGD 1.5M minimum, best rates plus priority service
Automatic tier based on deposit and trading points

Regulation & Safety
MAS regulated
Licensed by Monetary Authority of Singapore
Client funds segregated with HSBC
30+ years operating globally
Parent Saxo Bank A/S holds Danish banking license

Account Minimum
No minimum deposit
No minimum initial funding required to open account
No minimum balance requirements for Classic tier
SGD 300k for Platinum, SGD 1.5M for VIP benefits
Start trading with any amount you're comfortable with

Key Benefits

Trading Costs

★3.8

▼

Stock commissions: 0.03%-0.08% based on tier with SGD 3 minimum
Forex spreads from 0.4 pips with zero commission
Custody fees: 0% with securities lending, 0.12% Classic/Platinum, 0.06% VIP without
Currency conversion at 0.25%-1% markup depending on tier
Cash rebates available for high-volume FX/CFD traders
No platform, withdrawal or inactivity fees

Platform And Tools

★4.5

▼

Three platforms: SaxoInvestor (mobile-focused), SaxoTraderGO (web/mobile), SaxoTraderPRO (desktop)
Professional-grade SaxoTraderPRO with multi-screen, algorithmic orders
Smart order routing across multiple venues
Advanced charting with technical indicators
Clean interface design
All platforms synchronized across devices

Research And Analysis

★4.3

▼

In-house SaxoStrats research team insights
Market analysis and trading ideas
Economic calendar integrated
Educational webinars and content
VIP clients get direct strategist access
Real-time news feeds included

Mobile Trading

★4.2

▼

SaxoInvestor mobile app for quick investing
SaxoTraderGO mobile with full functionality
Clean interface optimized for mobile
Real-time quotes and order execution
Portfolio monitoring on the go
Fingerprint and face authentication

Account Features

★4.4

▼

Three-tier Saxo Rewards loyalty program
Fractional shares for US stocks
Multi-currency account support
Securities lending to earn income
Interest on cash for Platinum/VIP tiers
MyInfo integration for quick onboarding

Security And Trust

★4.6

▼

MAS licensed Capital Markets Services holder
Saxo Bank A/S parent with Danish banking license
Client funds segregated at HSBC
30+ years operating globally
1.2 million clients worldwide
Systemically Important Financial Institution designation

Customer Support

★4.0

▼

24/5 technical and account support in multiple languages
Email and online contact forms
Detailed help center and FAQs
VIP clients get priority support and personal relationship managers
Local Singapore office at CapitaSpring, 88 Market Street

Educational Resources

★3.7

▼

Investment webinars and podcasts available
Educational articles and guides
Market insights from SaxoStrats and Chief Investment Strategist
20-day demo account with USD 100,000 simulated funds
Curated investment themes
Limited structured courses for beginners

VIP Program

1Classic

▼

Volume A U M	No minimum deposit required Earn 0.5 points per USD deposited in first 30 days Maintain tier with ongoing trading activity
Fee Waivers	Standard commission rates apply Singapore stocks: 0.08% (min SGD 3) US stocks: 0.08% (min USD 1) Currency conversion: 1% markup
Exclusive Tools	Access to all three trading platforms Free Level 1 US and EU market data Smart order routing technology Standard research and analysis
Other Perks	No platform or account fees No minimum balance requirements Standard customer support Securities lending available

2Platinum

▼

Volume A U M	Minimum SGD 300,000 initial deposit Requires 120,000+ reward points to qualify Rolling 12-month membership based on points Points from trading activity and AUM
Fee Waivers	Reduced commission rates on all instruments Singapore stocks: 0.05% (min SGD 3) US stocks: 0.05% (min USD 1) Currency conversion: 0.75% markup Custody fee: 0.12% annually (0% with securities lending)
Exclusive Tools	All Classic tier tools included Priority platform access Enhanced research access Cash rebates on high-volume FX/CFD trades
Other Perks	Interest on cash balances above SGD 5,000 Best rates on balances above SGD 100,000 Priority customer support IP address-linked secure login

3VIP

▼

Volume A U M	Minimum SGD 1.5 million initial deposit Requires 500,000+ reward points to qualify Rolling 12-month membership based on points Highest tier with best benefits
Fee Waivers	Lowest commission rates platform-wide Singapore stocks: 0.03% (min SGD 3) US stocks: 0.03% (min USD 1) Currency conversion: 0.5% markup Custody fee: 0.06% annually (0% with securities lending)
Exclusive Tools	All Platinum tier tools included Direct access to SaxoStrats research team Advanced algorithmic trading capabilities Highest cash rebate tiers on volume
Other Perks	Interest on cash balances above SGD 5,000 Personal relationship manager assigned One-to-one strategist consultations Exclusive event invitations IP address-linked secure login

Available Tools

Trading Tools

▼

Paper Trading	×
Margin Trading	✓
Zero Commission	×
Fractional Shares	✓
After Hours Trading	×

Automation

▼

Dca	✓
Algo Trading	✓
Grid Trading	×
Trading Bots	×
Robo Advisory	✓
Sentiment Analysis	×
Social Copy Trading	×
Ai Trading Assistant	×

Advanced Tools

▼

Api Access	×
Basket Trading	×
Options Strategies	✓
Smart Order Routing	✓
Backtesting Capabilities	×

Portfolio Tools

▼

Tax Harvesting	×
Islamic Account	×
Auto Rebalancing	✓
Dividend Tracker	×
Economic Calendar	✓

Detailed Information

Commission Tiers	Three tiers: Classic, Platinum, VIP Classic: 0.08% (stocks), standard rates Platinum: 0.05% (stocks), reduced rates across all products VIP: 0.03% (stocks), lowest rates platform-wide Tier determined by deposit size and reward points earned
Trading Fees	Singapore stocks: 0.03%-0.08% based on tier (min SGD 3) US stocks: 0.03%-0.08% based on tier (min USD 1) Hong Kong stocks: 0.03%-0.08% based on tier (min HKD 15) All equity commissions include GST for Singapore residents
Stock Etf Commission	Same as stock commission structure 0.03% to 0.08% based on account tier Minimum fees apply per market No custody fee for SGX stocks/ETFs
Options Commission	USD 2 per contract on Classic tier USD 1.50 per contract on Platinum tier USD 0.75 per contract on VIP tier Pricing varies by options type and exchange
Futures Commission	USD 3 per contract on Classic tier USD 2 per contract on Platinum tier USD 1 per contract on VIP tier Index futures pricing shown, others vary
Financing Rates	Based on Saxo Offer Financing Rate plus markup Classic accounts: 350 basis points markup Lower markups for Platinum and VIP tiers Rates adjusted daily based on market conditions
Margin Interest Rate	Varies by account tier and balance Competitive rates for Platinum and VIP Negative interest charged on negative balances
Overnight Fees	CFD positions incur overnight financing Rates based on interbank rates plus markup Varies by instrument and position direction
Non Trading Fees	No platform fees, no account maintenance fees No inactivity fees charged Custody fees apply unless securities lending enabled Manual order fee: EUR 50 per phone order
Deposit Fee	0
Withdrawal Fee	Free via Online Cash Withdrawal Module Bank transfer charges may apply from intermediary banks
Inactivity Fee	0
Currency Conversion Fee	Classic: Plus/minus 1% from mid-market rate Platinum: Plus/minus 0.75% from mid-market rate VIP: Plus/minus 0.5% from mid-market rate Charged on cross-currency transactions
Data Feed Fees	Free Level 1 data for US and EU stocks Real-time SGX data included Premium data subscriptions available for additional markets Costs vary by exchange and subscription level
Order Modification Fee	0
Vip Fee Tiers	Platinum tier at SGD 300,000 minimum deposit VIP tier at SGD 1,500,000 minimum deposit Cash rebates available for FX/CFD volume above USD 10M monthly Interest paid on uninvested cash for Platinum and VIP tiers

Minimum Spreads	Forex from 0.4 pips on major pairs Spreads vary by currency pair and market conditions Active traders may receive tighter spreads
Maximum Leverage	Up to 66:1 for forex on retail accounts Professional accounts may access higher leverage Margin requirements vary by instrument and account type
Margin Call Level	1
Stop Out Level	0.5
Negative Balance Protection	Yes
Settlement Period	T+2 for stocks Instant settlement for CFDs and forex
Order Execution Quality	Smart order routing across multiple venues Direct market access for stocks No dealing desk for forex and CFDs Best execution policy in place Execution statistics available to clients

Stocks Count	23,000
Etfs Count	7,400
Crypto Count	0
Forex Pairs Count	185
Product Universe Overview	71,000+ total instruments across all asset classes 23,000+ stocks from 50+ global markets 7,400+ ETFs from 30+ exchanges 185 forex spot pairs plus 140 forwards 500+ mutual funds with zero commission, custody and platform fees 250 futures covering equity indices, energy, metals, agriculture, rates and FX 3,100 listed options across 20 exchanges 5,200+ government and corporate bonds 8,600+ CFD instruments
Geographic Market Coverage	Singapore (SGX): Full access to all listed securities United States: NYSE, NASDAQ, major US exchanges Hong Kong: HKEX including China A-shares via Stock Connect Europe: Major exchanges across UK, Germany, France, Switzerland Asia-Pacific: Australia, Japan, and other Asian markets 50+ markets total worldwide
Major Markets Details	Complete SGX coverage: stocks, ETFs, REITs, bonds Full US market access: all major exchanges and OTC Hong Kong market: Full HKEX access European markets: Multi-country exchange access Australia and Japan: Major securities available
Emerging Markets Details	China A-shares accessible via Hong Kong Stock Connect Select emerging market exposure through international listings Emerging market bonds and ETFs available Limited direct access to most emerging exchanges
Base Currencies Supported	SGD, USD, EUR, GBP, HKD, JPY, AUD, CHF, CNH Multi-currency accounts supported Sub-accounts can be denominated in different currencies

Trading Platforms Overview	Three distinct platforms for different user needs SaxoInvestor: Mobile-first for quick investing SaxoTraderGO: Web and mobile with full capabilities SaxoTraderPRO: Professional desktop platform All platforms fully synchronized Single login across all platforms
Desktop Platform	SaxoTraderPRO: Professional-grade desktop application Fully customizable multi-screen layout Advanced algorithmic order types Ultra-low latency for active traders Windows and Mac compatible Institutional-quality tools and features
Mobile App	SaxoInvestor: Simplified mobile investing app SaxoTraderGO mobile: Full trading capabilities iOS App Store rating: 4.5 stars Google Play rating: 4.4 stars Real-time quotes and execution Biometric authentication support
Web Platform	SaxoTraderGO web version No download required, browser-based Full feature parity with desktop Responsive design for tablets Secure HTTPS connection Works on all modern browsers
Trading Tools And Features	Smart order routing for best execution Advanced charting with technical analysis Multiple order types including conditional orders Watchlists and portfolio monitoring Real-time market depth and order book Screeners for stocks and ETFs
Charting And Technical Analysis	Professional-grade charting tools Numerous technical indicators Multiple chart types and timeframes Drawing tools for technical analysis Pattern recognition capabilities Chart trading functionality
Risk Management Tools	Stop loss and take profit orders Trailing stops available Position sizing calculators Margin monitoring and alerts Risk exposure summaries Real-time P&L tracking
Order Types Available	Market orders, limit orders, stop orders OCO (One-Cancels-Other) orders If-done orders Trailing stop orders Good-till-cancelled orders Algorithmic orders (SaxoTraderPRO)
Integrations And Api Access	No public API currently available Institutional API may be available for qualified clients Third-party integrations limited Focus on proprietary platforms
Third Party Platforms	Limited third-party platform support Primarily uses proprietary Saxo platforms
Api Rate Limits	Not publicly available Contact Saxo for institutional API access
Algo Trading Support	Algorithmic orders on SaxoTraderPRO Automated trading strategies supported Professional accounts get enhanced capabilities

Customer Support Overview	24/5 technical and account support in multiple languages Multi-channel: phone, email, online forms Detailed online help center with FAQs and tutorials VIP clients receive priority support and personal relationship managers Local Singapore team at CapitaSpring office
Phone Support Hours	24/5 technical and account support Closed on weekends
Live Chat Availability	Not available
Email Response Time	Standard: Within 24-48 hours VIP: Priority response times
Languages Supported	English, Chinese
Local Office Presence	Singapore headquarters at CapitaSpring 88 Market Street #31-01 Operating in Singapore since 2006
Account Manager	VIP tier: Personal relationship manager assigned Platinum tier: Enhanced support access Classic tier: Standard support team
Educational Resources Overview	Investment webinars available Market insights and trading ideas Educational articles and guides SaxoStrats research and analysis Limited structured learning programs
Beginner Resources	Getting started guides available Basic investment education content Platform tutorials and walkthroughs
Webinars And Tutorials	Regular market webinars Trading strategy presentations Platform feature tutorials
Market Analysis And Research	Daily market analysis from SaxoStrats Trading ideas and recommendations Economic calendar and news VIP clients get direct analyst access
Demo Account Details	20-day demo account available USD 100,000 simulated funds Full platform access for testing Sign up via website
Trading Courses	Limited structured courses Focus on market insights rather than formal education
Tax Reporting Help	Basic transaction statements provided Annual statements available No specialized tax preparation services

Regulation Overview	Saxo Capital Markets Pte Ltd licensed by MAS Capital Markets Services License holder Parent company Saxo Bank A/S holds Danish banking license Regulated in 15+ jurisdictions globally Designated Systemically Important Financial Institution
Primary Regulator	Monetary Authority of Singapore (MAS)
License Number	Company Registration: 200601141M
Investor Protection Scheme	Client funds segregated from Saxo's own funds Held on trust with HSBC in Singapore Not covered by Singapore Deposit Insurance Scheme Regular audits and compliance reviews Saxo Bank A/S rated A- by S&P
Security Features	Two-factor authentication available IP address-linked login for Platinum/VIP tiers Encrypted data transmission (HTTPS) Regular security audits Secure password requirements MyInfo integration for secure onboarding

Commission Tiers

Three tiers: Classic, Platinum, VIP
Classic: 0.08% (stocks), standard rates
Platinum: 0.05% (stocks), reduced rates across all products
VIP: 0.03% (stocks), lowest rates platform-wide
Tier determined by deposit size and reward points earned

Trading Fees

Singapore stocks: 0.03%-0.08% based on tier (min SGD 3)
US stocks: 0.03%-0.08% based on tier (min USD 1)
Hong Kong stocks: 0.03%-0.08% based on tier (min HKD 15)
All equity commissions include GST for Singapore residents

Stock Etf Commission

Same as stock commission structure
0.03% to 0.08% based on account tier
Minimum fees apply per market
No custody fee for SGX stocks/ETFs

Options Commission

USD 2 per contract on Classic tier
USD 1.50 per contract on Platinum tier
USD 0.75 per contract on VIP tier
Pricing varies by options type and exchange

Futures Commission

USD 3 per contract on Classic tier
USD 2 per contract on Platinum tier
USD 1 per contract on VIP tier
Index futures pricing shown, others vary

Financing Rates

Based on Saxo Offer Financing Rate plus markup
Classic accounts: 350 basis points markup
Lower markups for Platinum and VIP tiers
Rates adjusted daily based on market conditions

Margin Interest Rate

Varies by account tier and balance
Competitive rates for Platinum and VIP
Negative interest charged on negative balances

Overnight Fees

CFD positions incur overnight financing
Rates based on interbank rates plus markup
Varies by instrument and position direction

Non Trading Fees

No platform fees, no account maintenance fees
No inactivity fees charged
Custody fees apply unless securities lending enabled
Manual order fee: EUR 50 per phone order

Deposit Fee

Withdrawal Fee

Free via Online Cash Withdrawal Module
Bank transfer charges may apply from intermediary banks

Inactivity Fee

Currency Conversion Fee

Classic: Plus/minus 1% from mid-market rate
Platinum: Plus/minus 0.75% from mid-market rate
VIP: Plus/minus 0.5% from mid-market rate
Charged on cross-currency transactions

Data Feed Fees

Free Level 1 data for US and EU stocks
Real-time SGX data included
Premium data subscriptions available for additional markets
Costs vary by exchange and subscription level

Order Modification Fee

Vip Fee Tiers

Platinum tier at SGD 300,000 minimum deposit
VIP tier at SGD 1,500,000 minimum deposit
Cash rebates available for FX/CFD volume above USD 10M monthly
Interest paid on uninvested cash for Platinum and VIP tiers

Saxo

Overview

Pros

Cons

Key Highlights

Key Benefits

VIP Program

Available Tools

Detailed Information

Related Products

Pros

Cons