Saxo Markets Review

Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% to 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How does Saxo Markets work in Hong Kong?

By providing access to global financial markets, cutting-edge trading tools and industry-leading expertise, Saxo equips ordinary investors in Hong Kong with the same tools as professional traders. It currently offers three online platforms to help you do so: SaxoInvestor, SaxoTraderGO and SaxoTraderPro.

All of these platforms have risk management tools, immediate trade execution, and a support center to deal with your inquiries. Here are some of the benefits of each platform:

SaxoInvestor

• Powered by the same technology as the Group’s other platforms – SaxoTraderGO and SaxoTraderPro
• Simpler interface that caters to the needs of the typical investor
• Browse investment themes, curated stock lists, data analysis, and more
• Limited product access: stocks (including HK IPOs), ETFs, bonds, mutual funds, margin lending

SaxoTraderGO

• Convenient option to use on-the-go
• Use across multiple devices like your mobile, tablet and laptop
• Grants access to news feeds, market data, economic releases and live charting tools
• A fast interface that’s easy to use for quick trades

SaxoTraderPro

• Offers comprehensive tools for professional investors in Hong Kong
• Allows you to customise your trading platform to make it right for you
• Provides advanced charts, technical indicators, instrument views and in-chart annotations

What can I invest in with Saxo Markets?

• Forex and Forex Options

  With Saxo, you can invest internationally across currencies or tap on the volatility of FX trading for better gains.

  • Trade 190 FX pairs across majors, minors and exotics, crypto, plus spot metals.
  • Use different levels of leverage via Saxo’s tiered margin approach.
  • Trade puts and calls in over 40 currency pairs, including gold and silver.
  • Enjoy competitive and transparent pricing.

• Commodities

  Use Saxo Markets to invest in a wide range of commodities as futures, options, spot pairs or exchange-traded commodities (ETCs).

  • Tight spreads and low commissions.
  • Trade the price of gold against 12 currencies, including the US dollar, euro, yuan and Swiss franc, or spot trade silver, platinum and palladium.
  • Wide array of futures options on energy, metals and agriculture.

• Equities and exchange-traded funds (ETFs)

  Get access to global equity markets including emerging markets, single stocks and a variety of ETFs.

  • Stock trades from as low as USD 3.
  • Trade equities from 30+ exchanges from around the world.
  • Use tools like Saxo’s Smart Order Routing and Algorithmic Orders to execute your trades.
  • Use stocks as collateral if you trade Forex, CFDs or futures.

• Equity Options

  Trading equity options can help you achieve your investment aims with competitive pricing and no hidden costs.

  • Protect your money in declining markets, or play on volatility near earnings.
  • Pay less per trade.
  • Trade some of the most liquid options in the UK, US and other stock indices.

• Futures

  With Saxo, you can use Futures to help regulate risk and grow your wealth through additional sources of performance.

  • Trade, hedge and invest with over 300+ contracts across 28 global exchanges.
  • Gain access to a wide global futures exchange with Saxo Hong Kong.

• Bonds

  Regulate risk in your portfolio with a healthy allocation to bonds.

  • Decide on the trade, and Saxo’s automated service will connect you to a deal with the conditions at that moment.
  • Get access to 4,500+ government and corporate bonds in Europe, US, Asia, the Middle East and Latin America.

Is Saxo safe to use in Hong Kong?

Saxo Markets is one of the most respected names in online trading and investment.

Saxo Capital Markets HK is a company authorised and regulated by the Securities and Futures Commission of Hong Kong.

Saxo Markets account types

Saxo Markets has four main accounts for you to choose from. Here are the accounts available to users in Hong Kong.

• Saxo account
• Saxo Corporate account
• Saxo Professional Investor account
• Margin lending account

Saxo account

This is Saxo’s general personal investment account. With Saxo, you can access over 40,000 financial instruments across two trading interfaces. You can also benefit from competitive entry prices, competitive commissions and tighter spreads.

Corporate account

Saxo’s Corporate account grants you access to the same instruments as the standard Saxo account. However, on top of this, you also get dedicated one-to-one support from one of Saxo’s expert account managers.

Professional account

If you’ve got the relevant experience, you might be able to request for Saxo Markets to waive regulatory protections that are on the standard account.
To qualify, you must have a cash and/or securities portfolio that exceeds HKD $8 million or equivalent.

Margin lending account

Saxo’s margin lending account enables you to place cash or securities as collateral to leverage your positions by up to 3.3x on individual stocks and ETFs.

Saxo account tiers

There are three Saxo Account tiers, each with different features. You are placed into a tier based on how much funding is in your account.

Saxo Markets fees and charges in Hong Kong

Note: Information provided is accurate as of 28 November 2021.

Saxo Markets pros and cons

Pros

• Platforms are easy to use and can be accessed conveniently
• Protection tools for beginner investors in Hong Kong
• Tight spreads and low commissions
• A huge range of financial instruments available
• Low minimum investment amount — USD 2,000 worth for Classic tier

Cons

• Different fees for varying financial instruments, account tiers and exchanges may get confusing

Bottom Line

Ultimately, Saxo Markets is a respected broker in Hong Kong offering a range of investment products at competitive prices. It offers tons of helpful features for its users including investment screeners and educational webinars. Besides offering user-friendly yet advanced platforms, Saxo Market’s minimum investment amount is also relatively low — starting at only USD 2,000.

At the end of the day, you should consider your trading goals and needs before using the information above to decide if Saxo Markets is the right broker for you.

Compare online share trading accounts in Hong Kong

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Name	Product	Minimum commission for online transactions	Online trading commission	Tradable stocks
Tiger Brokers		HK stocks: HK$0 + HK$0 platform fee US stocks: US$0 + US$0.005 platform fee	HK stocks: HK$0 US stocks: US$0	Hong Kong stocks, US stocks	Lifetime $0 Commissions & 1 Stock Reward Ends 31 March 2023: Save with $0 commission fees for HK and US stocks*, and enjoy a stock reward (choose of 1 out of 8) worth USD50 when you maintain at least HK$10,000 on your account within 30 days. *Pass through fees and T&Cs apply.	Go to site More Info		loading Fetching your data...
Webull		HK stocks: HK$0 + HK$10 platform fee US stocks: US$0	HK stocks: HK$0, US stocks: US$0	Hong Kong, China stocks, US stocks	Up to HK$1,388 Welcome Rewards Ends 31 March 2023: Open an account successfully, deposit HK$10,000 and fulfill the transaction requirement to enjoy up to HK$1,388 cash rewards. T&C apply.	Go to site More Info		loading Fetching your data...
Fosun Wealth		HK stocks: HK$0 + HK$15 platform fee US stocks: US$0 + US$0.009 platform fee	HK stocks: HK$0 US stocks: US$0	Hong Kong stocks, US stocks, China stocks	Finder Exclusive: Over HK$9,000 cash rewards Ends 31 May 2023: Get free US stock and and enjoy $0 commission for HK & US stocks upon registration. Make a deposit to earn more than HK$9,000 cash rewards including cash redemption coupons and market fund coupons. T&Cs apply.	Go to site More Info		loading Fetching your data...
uSMART Securities		HK: 0.03% + HK$0 platform fee US: US$0 + US$1.88 platform fee	HK: 0.03% US: US$0	Hong Kong stocks, US stocks	Cash Coupons & Real-time Quotes Ends 30 April 2023: Open an account to enjoy seven HK$20 cash coupons, 30-day Nasdaq Basic quotes, lifetime zero commissions for US stocks and platform fee waiver for HK stocks. T&Cs apply.	Go to site More Info		loading Fetching your data...
Valuable Capital		HK stocks: HK$3 + HK$15 platform fee US stocks: US$0.99 + US$1 platform fee	HK stocks: 0.03%, US stocks: US$0.0049	Hong Kong stocks, US stocks	Up to HK$1,900 welcome offer Ends 31 March 2023: Open an account and make a deposit to get HK$1,200 trading coupons or a share of Disney, and more cash rewards with total value of up to HK$1,900. T&Cs apply.	Go to site More Info		loading Fetching your data...
Futu		HK stocks: HK$0 + HK$15 platform fee US stocks: US$0.99 + US$0.005 platform fee	HK stocks:HK$0 US stocks: US$0.0049	Hong Kong stocks, US stocks	Enjoy up to HK$1,300 welcome offer Ends 31 March 2023: Apply via Finder, deposit HK$10,000 to receive a welcome reward (choose 1 out of 6), and an extra HK$100 supermarket coupon. T&Cs apply.	Go to site More Info		loading Fetching your data...
Saxo Markets		HK $18	0.05%	US, CA, DE, IE, UK, IT, DK, FI, SE, NL, BE, PT, FR, NO, CZ, CH, AT, PL, SA, AU, HK, MY, CN, SG, JP, GR, ES	CFD Service. Your capital is at risk. Saxo Markets provides an online platform for trading stocks, shares, CFDs, and forex around the world	Go to site More Info		loading Fetching your data...
Libertex		$0	0%	US	CFD Service. Your capital is at risk. Offers tradable CFDs for a range of underlying assets, such as commodities, Forex, ETFs, cryptocurrencies and more. It also offers commission-free investments in real stocks.	Go to site		loading Fetching your data...
Zacks Trade		HK$120	0.3%	US, CA, MX, AUT, BEL, FR, DE, IT, NL, ES, NO, SE, UK, CH, HK, JP, SG, RU, AU	Go to site More Info		loading Fetching your data...
Longbridge		HK stocks: HK$0 US stocks: US$0	HK stocks: HK$0 US stocks: US$0	Hong Kong stocks, US stocks	More Info		loading Fetching your data...

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