Saxo Markets review: Singapore-based stock trading account

Brokerage fees starting from S$5 and access to over 19,000 global stocks.

An online stock trading account with Saxo Markets offers fast and easy access to more than 19,000 global stocks on 37 of the world’s major stock exchanges.

Saxo Markets allows you to access stock market investment opportunities all around the world, ensuring you have a well-diversified portfolio made up of the companies with the best growth opportunities, no matter which exchange they’re listed on.

Find out if Saxo Markets is suited to your investment style in our review.

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Stocks, ETFs, Bonds

What you can trade?


Minimum Opening Balance




warning iconImportant: This broker offers CFDs which are a leveraged product and can result in the loss of your entire capital. Ensure you fully understand the risks before trading.

Quick verdict

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

About Saxo Markets

Saxo 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 stock trading broker, they’ve been a trusted local name in Singapore since 2006 and serves as the APAC headquarters.

Since their inception, Saxo Markets have been one of the premier stock 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 in Singapore when it comes to global stock trading. In 2019, it won Finder’s Best International Stock Trading Account award.

Key features of Saxo Markets

Are you thinking of opening a stock trading account with Saxo 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 stocks based on live market data supplied by each individual stock exchange. If you want real-time market data, you’ll 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 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,

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

  • SaxoInvestor. A simple and intuitive platform designed for the typical retail investor, with a consolidated breakdown of your exposure across asset classes, sectors, countries and currencies. SaxoInvestor also offers a curated list of relevant stocks and allows you to explore current market trends to discover where new opportunities may exist.
  • SaxoTraderGo. An award-winning trading platform equipped with a wide array of trading and investing features. SaxoTraderGO allows you to manage your account or analyse performance in detail.
  • SaxoTraderPRO. A desktop application designed for professional traders, offering a fully customisable interface with advanced trading tools.

With three trading platforms available, traders preferring large desktop screens can access stock markets via Saxo’s downloadable software. On the other hand, those who trade on-the-go, on multiple mobile devices can choose the SaxoInvestor or SaxoTraderGO web browser and mobile app platform.

All the platforms give the trader full access to all asset classes and a range of instruments, through your single stock trading account.

Watchlist functionality

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

Educational resources

Saxo Markets provides a wealth of educational material such as 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.

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

When you open an account with Saxo 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 stocks across both established and emerging markets.

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

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

While this particular Saxo Markets review focuses on stock 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 Markets stock trading?

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

  • Individual account
  • Joint account
  • Corporate account
  • Accredited investor account

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

  • Classic. For retail stock traders and investors. The minimum initial funding is $3,000.
  • Platinum. For active stock traders and investors. The minimum initial funding is $300,000 and the account features a personal relationship manager.
  • VIP. For high volume stock traders and investors. The minimum initial funding is $1,500,000 and the account features VIP pricing, a personal relationship manager, 1:1 SaxoStrats access, and 24/7 direct access to Saxo Markets’ trading experts.

What fees are charged when using Saxo Markets?

There’s no fee to open a stock trading account with Saxo Markets, but you’ll need to pay brokerage fees on each trade you place. These commission amounts vary based on the exchange you are using and your account tier.

The table below outlines the minimum commissions for stock trading in various markets:

NASDAQ / New York Stock Exchange / NYSE MKT0.06%
(min 4 USD)
(min 3 USD)
(min 2 USD)
(min 1.50 USD)
(min 1 USD)
London Stock Exchange0.10%
(min 8 GBP)
(min 8 GBP)
(min 8 GBP)
(min 7 GBP)
(min 5 GBP)
Australian Securities Exchange0.10%
(min 8 AUD)
(min 8 AUD)
(min 8 AUD)
(min 8 AUD)
(min 6 AUD)
Hong Kong Exchange0.15%
(min 90 HKD)
(min 90 HKD)
(min 90 HKD)
(min 80 HKD)
(min 60 HKD)
Singapore Exchange0.08%
(min 5 SGD)
(min 3 SGD)
(min 2 SGD)
(min 1.50 SGD)
(min 1 SGD)
Tokyo Stock Exchange0.15%
(min 1,500 JPY)

(min 1,500 JPY)

(min 1,500 JPY)
(min 1,000 JPY)
(min 1,000 JPY)

Note: The information provided is accurate as of 6 May 2022.

What are the pros and cons of using Saxo Markets?


  • Global access. Saxo 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 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.


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

How do I apply for a Saxo 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

How to fund your account

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

  • Credit/Debit card
  • Fast And Secure Transfer (FAST)
  • PayNow
  • MEPS
  • TT wire transfer (Major currencies)
  • Onshore inter-bank transfer (Malaysian Ringgit)
  • HSBC Singapore Personal Internet Banking Transfer

Be aware that due to anti-money laundering regulations, third party funding is not accepted by Saxo 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).

How do I contact support?

Saxo Markets has a dedicated support centre that features a long list of frequently asked questions and answers to help you get more out of your share trading account. If you ever need help with your account or a specific transaction, you may contact Saxo Markets directly through the following contact details:

  • Phone: +65 6303 7888 (available from Monday to Friday during business hours)
  • Live chat: Available on both desktop platform and mobile app
  • Support tickets: If you require additional assistance, you can submit a case via the trading platform.

Compare with other brokers

Name Product Brokerage Fee Tradeable Assets Market Access Trading Platform Offer
Interactive Brokers
SGX stocks: $2.50
US stocks: $1 per share
Stocks, ETFs, Futures, Bonds, CFD
SG, US, CA, AU, UK, IN, JP, HK, MX, FR & 17+ more
Client Portal, Trader Workstation, IBKR Mobile, IBKR GlobalTrader, Impact, IBKR APIs
CFD service. Capital at risk.
Take advantage of low trading fees, multiple platform support, and an extensive list of asset classes across global markets, including stocks, options, futures, forex, bonds, and funds.
SGX stocks: N/A
US stocks: $1.49 per trade (regular pricing)
Stocks, ETFs
Syfe Trade
Get $60 when you sign up on Syfe Trade (minimum deposit of $2,000 and make one trade). T&Cs apply.
Saxo Markets
SGX stocks: $5
US stocks: $4
Stocks, ETFs, Bonds
SG, US, CA, UK, AU, HK, CN, SG, JP, IT & 16+ more
SaxoInvestor, SaxoTraderG, SaxoTraderPRO
Trade 19,000+ international stocks on global exchanges with brokerage fees as low as $5. Low-risk account is also available for beginners.
Tiger Brokers
SGX stocks: $1.99
US stocks: $1.99
Stocks, ETFs, Options, Futures
Tiger Trade
Sign up and enjoy unlimited zero commission trades for US stocks for 180 days. T&Cs apply.
SGX stocks: $0.99 per order
US stocks: $0.99 per order
Stocks, ETFs, Funds, Futures
Access Singapore, Hong Kong, US stocks and ETFs with one account. Enjoy free level 2 market data and lifetime commission-free trading on US stocks.
Maybank Kim Eng
SGX stocks: $25
US stocks: $20
Stocks, ETFs, Bonds, CFD
Maybank Trade, Maybank Trade +
CFD service. Capital at risk.

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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.

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