- Global access
- Rewards for active traders
- Educational resources and tools
Not so great for
- Proprietary trading platform
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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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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.
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.
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.
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, 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.
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.
You can create customised watchlists in your Saxo Markets stock trading account to easily track the performance of stocks you are interested in.
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.
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:
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:
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:
Within the above account types, there are also three account levels available:
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 MKT||0.06% (minimum 4 USD, max 100 USD)||0.05% (minimum 4 USD, max 100 USD)||0.04% (minimum 3 USD, max 100 USD)|
|London Stock Exchange||0.10% (minimum 8 EUR)||0.07% (minimum 7 GBP)||0.05% (minimum 5 GBP)|
|Australian Securities Exchange||0.10% (minimum 8 AUD)||0.07% (minimum 8 AUD)||0.05% (minimum 6 AUD)|
|Hong Kong Exchange||0.15% (minimum 90 HKD)||0.12% (minimum 80 HKD)||0.10% (minimum 60 HKD)|
|Singapore Exchange||0.08% (minimum 5 SGD)||0.08% (minimum 5 SGD)||0.08% (minimum 5 SGD)|
|Tokyo Stock Exchange||0.15% (minimum 1,500 JPY)||0.12% (minimum 1,000 JPY)||0.10% (minimum 1,000 JPY)|
Note: The information provided is accurate as of 16 May 2021.
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:
Saxo Markets offers a number of ways to fund your stock trading account:
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).
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:
Earn boosted interest rates on the first S$80,000 of your Standard Chartered Bonus$aver account balance when you engage in any one (or more) of the five eligible categories.
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