Saxo Capital Markets Review: What Makes This Online Brokerage Stand Out?

Saxo Capital Markets Review: What Makes This Online Brokerage Stand Out?

A, excellent, low-cost platform that offers great market access

Good for

  • Individuals seeking a low-fee brokerage with a great user interface
  • Investors seeking access to international markets

Bad for

  • Investors seeking to invest exclusively in international markets
  • Individuals particularly interested in CFD trading

Editor's Rating

5.0/5.0

Saxo Capital Markets provides individual investors and traders with an excellent platform for investing in a variety of markets at a relatively low cost. This online broker charges commissions that are generally much lower than its competitors and offers a great user experience due to its intuitive interface.

Summary of Saxo Capital Markets Online Brokerage
Lower commission fees than most other online brokers
Great market access: trading in 36 global markets
Lower FX spreads than many competitors

Table of Contents

What Makes Saxo Stand Out to Investors

Saxo Capital Markets offers investors an excellent combination of low fees, wide ranging market access and intuitive user experience. For example, the platform charges just 0.08% for trades of Singapore stocks (min S$10), while others typically charge about 0.21%. Similarly, Saxo charges less the market average for international trades, while offering access to 36 international markets. Furthermore, it charges approximately 15-33% less to investors that qualify for its platinum (minimum funding USD 50,000) and VIP (USD 1,000,000) account tiers, which can be attractive to more active traders.


Classic/VIP
SingaporeUSJapanHKEU
Equities0.08%0.06%/0.04%0.15%/0.10%0.15%/0.10%0.10%/0.05-0.08%
Stock MinimumS$10$4/$3JPY1,500/JPY1,000HKD90/HKD60EUR10-12/EUR6-9
Industry Average0.21%0.3%0.5%0.25%0.5%
Equity & ETF CFDs5%5%5%5%5%
Competitors6%-7%6%-6.3%6%-7%5%-6%
30 Day Avg FX SpreadUSDSGD: 1.0SGDJPY: 1.4USDHKD: 3.0EURSGD: 2.1
Competitors5.26137.9
Equity Options (0-1000 contracts/month)$3HKD30EUR3
Index Options (0-250 contracts/month)S$10$6JPY1,000HKD30EUR6
Bonds0.20%0.20%0.20%0.20%0.20%
Bond MinimumEUR80EUR80EUR80EUR80EUR80

Despite Saxo's low fees and wide ranging offerings, investors that are interested in trading CFDs or exlusively trading international or U.S. stocks may find better commission rates from one of the other leading online brokerages. However, these are very specific preferences, which makes Saxo the best option for most investors seeking an online trading platform.

Investment Opportunities at Saxo

Not only does Saxo offer access to domestic and international equities markets, the brokerage allows investors access to bonds, ETFs, CFDs, futures and forex, equity and contract options. This makes it a great option for investors and traders that may want to use their online brokerage to purchase a variety of financial instruments.

Investor Eligibility Requirements

Consider this if you want to trade any securities while minimising trading costs

In order to start trading with Saxo, individuals are required to fill out a form online and fund their account with either their credit card or via bank transfer. Investors can join either the Classic, Platinum or VIP account tier based on the amount they fund to their account. The classic tier requires $2,000 (or about S$2,715), while the minimum for the Platinum and VIP tiers are $50,000 (S$67,865) and $1,000,000 (S$1,357,312) respectively.

Account TierMinimum Funding
ClassicUSD 2,000
PlatinumUSD 50,000
VIPUSD 1,000,00

Saxo charges lower commission fees to its Platinum and VIP members, by about 15% and 30%, respectively. Platinum and VIP users also have access to a personal relationship manager, while VIP investors are offered a dedicated sales trader and one-on-one check-ins with the SaxoStats, the brokerages team of in-house strategists.

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