Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Saxo Bank Stock Trading Review: Share trading account

Get access to more than 19,000 global stocks.

Updated

Fact checked
Saxo
Important: This broker offers CFDs which are complex instruments that come with a high risk of losing money rapidly due to leverage and may not be suitable for all investors. Losses can exceed your deposits and you may lose more than you initially invest. You do not own or have any rights to underlying assets. Please ensure you fully understand the risks before trading.

Compare Saxo as an online broker to trade gold stocks, ETFs and CFDs

Data indicated here is updated regularly
Name Product Number of stocks CFDs Shares Available Markets Link
Saxo Markets
19,000+
Yes
Yes
AU, CN,CZ, DK, ES, FR, TW, HK, IT, HU, SA, NE, NO, PL, RU, SG, CH, UK, JP
Go to site
CFD service. Your capital is at risk.
More info
CFD Service. Your capital is at risk.
loading

Compare up to 4 providers

Quick verdict

Good for
  • Global access
  • Rewards for active traders
  • Educational resources and tools
Not so great for
  • Proprietary trading platform

Saxo Capital Markets background

Saxo Capital Markets is a subsidiary of Saxo Bank A/S and comes under the broad banner of the global giant, Saxo Group. As a MAS regulated share trading broker, they’ve been a trusted local name in Singapore since 2006 and serves as the APAC headquarters.

Since their inception, Saxo Capital markets have been one of the premier share trading solutions for investors and traders alike. Its trading platform is known for its top-quality trading tools and for having some of the lowest fees when it comes to global share trading. In 2019, it won Finder’s Best International Share Trading Account award.

What are the key features of Saxo Capital Markets share trading?

Are you thinking of opening a share trading account with Saxo Capital Markets? If you are then the key features listed in this review will help you make a final decision as to whether they’re the right broker for you.

Market data

Traders who choose Saxo can buy and sell shares based on live market data supplied by each individual stock exchange. If you want real-time market data, you will need to subscribe to data services offered by individual exchanges, something that can be easily done through their online trading platform. Within the platform, you’ll find an online subscription tool with a list of the available exchanges and news services, alongside each set of fees you must pay in order to access them. It’s all there in one place.

Market research and analysis

Opening a Saxo Capital Markets account allows you to access the Stock Screener, which allows you to analyse fundamental data and explore stocks on 36 global exchanges. You can also access news, trade views and analysis from Saxo’s team of experts via their new and improved market analysis hub, home.saxo.

Analysis tools within the trading platform include an equity research tool that provides access to future estimates, analyst data and technical analysis tools to help you keep track of stock movements on clear and customisable charts.

Choice of trading platforms

SaxoTraderGo is a user-friendly, web-based trading platform ideal for traders of all levels.

SaxoTraderPRO is a desktop application designed for professional traders, offering a fully customisable interface with advanced trading tools.

With two trading platforms available, traders preferring large desktop screens can access share markets via Saxo’s downloadable software. On the other hand, those who trade on-the-go, on multiple mobile devices can choose the SaxoTraderGO web-browser and mobile app platform. Both platforms give the trader full access to all asset classes and a range of instruments, through your single share trading account.

Watchlist functionality

You can create customised watchlists in your Saxo Capital Markets share trading account to easily track the performance of stocks you are interested in.

Go to site

What markets can I access with a Saxo Capital Markets share trading account?

When you open an account with Saxo Capital Markets, you can access more than 19,000 global stocks on 37 of the world’s stock exchanges. You’re able to buy SGX-ST shares, as well as a whole raft of international shares across both established and emerging markets.

Some of the exchanges where you can buy and sell shares in companies include the following:

  • Singapore Exchange
  • Australian Securities Exchange
  • London Stock Exchange
  • NASDAQ
  • New York Stock Exchange
  • Deutsche Borse (XETRA)
  • Milan Stock Exchange
  • Hong Kong Exchange
  • Tokyo Stock Exchange

While this particular Saxo Capital Markets review focuses on share trading, you’re actually opening a multi-asset account which also enables you to trade the following financial instruments:

  • Forex
  • CFDs
  • ETFs and ETCs
  • Futures
  • Bonds

What account types are available for Saxo Capital Markets share trading?

There are a number of account types and account levels available to traders opening a share trading account with Saxo Capital Markets. Depending on your personal circumstances, you’re able to open one of the following account types:

  • Individual Account
  • Corporate Account
  • Joint Account
  • Trust/SMSF – Individual as Trustee Account
  • Trust/SMSF -Corporate as Trustee Account
  • Sole Trader Account

Within the above account types, there are also three account levels available:

  • Classic. For retail share traders and investors. The minimum deposit is $3,000.
  • Premium. For active share traders and investors. The minimum deposit is $50,000 and the account features a personal relationship manager.
  • Platinum. For high volume share traders and investors. The minimum deposit is $1,000,000 and the account features VIP pricing, a personal relationship manager and a dedicated sales trader always just a call away.

What types of customer support is available from Saxo Capital Markets?

Saxo Capital Markets provides a wealth of information online to help you get more out of your share trading account. The dedicated support centre features a long list of frequently asked questions and answers, while customers can also access trading articles and guides, video tutorials and a range of events and seminars. In addition, you have the option of visiting The academy, a separate website full of videos, courses, quizzes and guides to help further your trading knowledge.

If you ever need help with your account or a specific transaction, Saxo’s local phone and email customer support are available Monday to Friday through the company’s Singapore office. After-hours calls will be diverted to a Saxo Bank Group office.

What fees are charged when using Saxo Capital Markets?

There is no fee to open a share trading account with Saxo Capital Markets however you’ll need to pay brokerage fees on each trade you place. These commission amounts vary based on the exchange you are using and on whether you are a Standard or Active trader (an Active trader is someone who places more than 100 trades per month).

The table below outlines some of the minimum commissions that may apply.

Exchange Standard trader Active trader
London Stock Exchange 0.10% (minimum 8 GBP) 0.07% (minimum 7 GBP)
NASDAQ and New York Stock Exchange 0.01 USD per share (minimum 9.90 USD) 0.01 USD per share (minimum 7 USD)
Deutsche Borse 0.10% (minimum 10 EUR) 0.07% (minimum 8 EUR)
ASX 0.10% (minimum 6.99 AUD) 0.07% (minimum 6.99 AUD)
Hong Kong Exchange 0.15% (minimum 100 HKD) 0.12% (minimum 80 HKD)
Singapore Exchange 0.15% (minimum 25 SGD) 0.12% (minimum 20 SGD)
Tokyo Exchange 0.15% (minimum 1,500 JPY) 0.12% (minimum 1,000 JPY)

How do I pay for shares on a Saxo Capital Markets share trading account?

Saxo Capital Markets offers a number of ways to fund your share trading account:

  • Credit/Debit card
  • Cheque
  • Electronic funds transfer

Be aware that due to anti-money laundering regulations, third party funding is not accepted by Saxo Capital Markets. Any failed transfers or funds transferred to accounts that are not yet fully verified, will see funds returned minus incurred bank fees (if any).

What are the pros and cons of using Saxo Capital Markets?

Pros

  • Global access. Saxo Capital Markets provides access to 19,000 stocks on 37 global stock exchanges, allowing you to take advantage of investment opportunities all around the world.
  • Rewards for active traders. Traders that place more than 100 trades per month receive lower commissions than Standard traders.
  • Educational resources and trading tools. From the Saxo Academy and online Support Centre to its extensive range of stock analysis tools, Saxo Capital Markets offers plenty of options for you to improve your trading knowledge and decisions.
  • Low-risk account available. With Saxo Essential, you losses can’t exceed the funds available in your account.

Cons

  • No MetaTrader 4. Saxo Capital Markets does not support MetaTrader, the world’s most popular trading platform.

How do I apply for a Saxo Capital Markets Share Trading account?

You can apply online or request a paper-based application form. SingPass holders may also expedite the application process by applying with MyInfo. During the application process you will need to provide some of the information included below, but not limited to:

  • Your full name
  • Your email address and phone number
  • Your date of birth
  • Proof of ID (e.g. NRIC or passport)
  • Proof of residency (e.g. bank statement or utility bill issued within the last 6 months)
  • Details about your net worth
  • Your choice of primary account currency
  • Your nominated bank account details

Saxo Capital Markets share trading frequently asked questions

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.

More guides on Finder

  • Top stocks for Diwali 2020

    Learn more about India’s most popular stock picks for this Diwali season.

  • Religare Review

    Use this review to compare the pros and cons of using Religare’s 2-in-1 account.

  • Angel Broking Review

    With Angel Broking, you won’t have to pay an annual maintenance fee in the first year of your trading account.

  • Bajaj Finserv Securities Review

    Bajaj Finserv offers personalised investment solutions to meet your trading needs.

  • Trade Smart Online Review

    Learn about the fees and features of a Trade Smart account here.

  • Upstox Review

    Read on to find out what you stand to gain with an Upstox account.

  • 5paisa Review

    5Paisa offers a range of customisable trading plans suited to meet the needs of the everyday investor.

  • Zerodha Review

    Zerodha offers a range of trading platforms and financial securities at a low cost.

  • Motilal Oswal Review

    Learn about the key fees and features of a Motilal Oswal trading account in our clear review.

  • Sharekhan Review

    Compare the pros and cons of investing with Sharekhan to see if it’s the best broker for you.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site