Saxo Capital Markets review: Singapore-based share trading account

Important: 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.

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Saxo Forex Trading		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 More Info		loading Fetching your data...

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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 in Singapore 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.

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.

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?

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

• How much does it cost to fund an account?

  Saxo Capital Markets charges a transaction fee of 2.30% on credit cards and 2.20% on debit cards for all transactions used to fund trading accounts.

• Does Saxo Capital Markets offer different service levels?

  Yes, there are three levels available: Classic, Platinum and VIP

• Is there a minimum deposit requirement?

  Yes, but the amount varies depending on the type of account you open. The minimum is $3,000 for the Classic account, $300,000 for a Premium account and $1,500,000 for a Platinum account.

• Can I open a demo account with Saxo Capital Markets?

  Yes, you can open a no-obligation free demo account for 20 days to sample the features Saxo Capital Markets has to offer.

• Can I trade from my smartphone?

  Yes, the SaxoTraderGO platform is available on Android and iOS devices.