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Saxo Markets Review

Find out what we thought of Saxo's Hong Kong platform.

Since it was founded in 1992, Saxo Markets has provided an online platform for trading stocks, shares, contracts for difference (CFDs) and foreign exchange (forex) around the world —including Hong Kong.

This review will cover Saxo’s trading platforms in Hong Kong, including their fees and features, to help you decide if Saxo is the right broker for you.

warning iconWarning: 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 centre to deal with your enquiries. 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 for 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?

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 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.

Protections that are waived

There are protections that will be waived from your Saxo account.

  • Leverage restrictions. You are able to trade with increased leverage.
  • Negative balance protection. Should your account fall into a negative balance, you are obliged to make additional payments. This means that your losses can exceed your deposits.
  • Product restrictions. You have no product restrictions imposed on you.
  • Standardised risk warnings. As you already understand the risks, you may not be provided with any standardised risk warnings.

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.

Classic

Minimum funding: USD 2,000 worth

  • Tight entry prices
  • Digital service and support
  • 24/5 technical and account support

Platinum

Minimum funding: USD 200,000 worth

  • Up to 30% lower prices
  • Digital service and support
  • 24/5 technical and account support
  • Priority local language customer support

VIP

Minimum funding: USD 1,000,000 worth

  • Saxo’s best prices
  • Digital service and support
  • 24/5 technical and account support
  • Local-language personal relationship manager
  • Access to trading experts
  • 1:1 SaxoStrats access
  • Event invitations

Saxo Markets fees and charges in Hong Kong

ProductCost
FXSpreads as low as 0.4 pips
StocksFrom $3 on US stocks
CommoditiesFrom $0.85 per lot
ETFsFrom $3 on US-listed ETFs
FuturesFrom $0.85 per lot
BondsFrom 0.05% on government bonds
FX optionsSpreads as low as 3 pips
Listed optionsFrom $0.85 per lot
Mutual fundsCommission, custody and platform fees at $0
IPOFinancing rate as low as 0%

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.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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