Saxo Capital Markets Online Share Trading Accounts
What online share trading accounts does Saxo Capital Markets offer?
Here’s an overview of Saxo Capital Markets’ online share trading accounts based on the information available at the time of writing:
Saxo Capital Markets’ entry-tier product, this account requires an initial minimum of $3,000 in funding but offers “industry-leading entry prices” and access to Saxo Capital Markets’ digital service and 24/5 technical/account support.
This tier requires an initial minimum of $50,000 in funding and offers up to 30% lower pricing compared to the Classic account. This tier also offers priority local-language customer support, which the Classic account does not.
Saxo Capital Markets’ most premium account requires an initial minimum of $1,000,000 in funding and offers its best pricing, direct 24/5 access to Saxo Capital Markets’ trading experts, one-on-one access to Saxo Capital Markets’ in-house expert strategist team SaxoStrats, exclusive event invitations, and all the previously mentioned features available to Classic and Platinum account-holders.
Saxo Capital Markets’ accounts can operate on two separate platforms depending on the trader’s needs:
SatotraderGO which Saxo Capital Markets says is its most popular platform, suited to all types of traders.
SaxotraderPRO which Saxo Capital Markets says is a more advanced platform, designed for professional traders.
What trading fees does Saxo Capital Markets charge?
At the time of writing Saxo Capital Markets says it does not charge a regular membership or account maintenance fee. However, brokerage fees apply to the various products which traders can buy and sell using the Saxo platforms and accounts.
For example, at the time of writing, Saxo Capital Markets charges the following stock and ETF trading commissions on these major exchanges:
|Exchange name||Symbol||Commission (Classic)||Commission (Platinum)||Commission (VIP)|
|New York Stock Exchange||NYSE & ARCA||0.01 USD/share
(min. 9.90 USD)
(min. 7 USD)
(min. 3 USD)
|NASDAQ||NASDAQ & NSC||0.01 USD/share
(min. 9.90 USD)
(min. 7 USD)
(min. 3 USD)
|Tokyo Stock Exchange||TYO||0.15%
(min. 1,500 JPY)
(min. 1,000 JPY)
(min. 1,000 JPY)
|Shanghai Stock Exchange||SSC||0.15%
(min. 40 CNH)
(min. 30 CNH)
(min. 20 CNH)
|Hong Kong Stock Exchange||HKEX||0.15%
(min. 100 HKD)
(min. 80 HKD)
(min. 60 HKD)
|London Stock Exchange||LSE_SETS||0.10%
(min. 8 GBP)
(min. 7 GBP)
(min. 5 GBP)
|Toronto Stock Exchange||TSE||0.03 CAD/share
(min. 20 CAD)
(min. 15 CAD)
(min. 10 CAD)
|Australian Securities Exchange||ASX||0.10%
(min. 6.99 AUD)
(min. 6.99 AUD)
(min 6.99 AUD)
Source: Saxo Capital Markets as at 30 August 2019
For a comprehensive list of the prices Saxo Capital Markets charges on every exchange they offer trading on as well as its other products, click here.
For an idea of which online share trading accounts offer outstanding value to traders, based on fees and other factors, view our most recent Star Ratings.
What products can I invest in using Saxo Capital Markets’ platform?
At the time of writing, Saxo Capital Markets allows customers to invest in the following asset types:
- Forex options
- Listed options
What markets does Saxo Capital Markets offer access to?
Saxo Capital Markets’ online share trading platform offers access to the following markets:
North America & Canada
- NASDAQ (NASDAQ & NSC)
- New York Stock Exchange (NYSE & ARCA)
- NYSE MKT (AMEX)
- Toronto Stock Exchange (TSE)
- TSX Venture Exchange (TSX)
- Athens Exchange (AT)
- BME Spanish Exchanges (SIBE)
- Deutsche Börse – XETRA (FSE)
- Irish Stock Exchange (ISE)
- Johannesburg Stock Exchange (JSE)
- London Stock Exchange (LSE_SETS)
- London Stock Exchange – IOB (LSE_INTL)
- Milan Stock Exchange (MIL)
- NASDAQ OMX Copenhagen (CSE)
- NASDAQ OMX Helsinki (HSE)
- NASDAQ OMX Stockholm (SSE)
- NYSE Euronext Amsterdam – AEX (AMS)
- NYSE Euronext Brussels (BRU)
- NYSE Euronext Lisbon (LISB)
- NYSE Euronext Paris (PAR)
- Oslo Stock Exchange (OSE)
- Prague Stock Exchange (PRA)
- SIX Swiss Exchange (SWX & VX)
- Vienna Stock Exchange (VIE)
- Warsaw Stock Exchange (WSE)
- Australian Securities Exchange (ASX)
- Australian Securities Exchanges (CHESS) (ASX)
- Hong Kong Exchanges (HKEX)
- Shanghai Stock Exchange (SSC)
- Shenzhen Stock Exchange (SEC)
- Singapore Exchange (SGX-ST)
- Tokyo Stock Exchange (TYO)
Is the market data provided by Saxo Capital Markets dynamic, real-time, or delayed?
Saxo Capital Markets says that its default offering uses actual market data received from stock exchanges. In order to receive and trade on real-time market data, you will have to pay for a subscription to the exchange(s) you’re looking to trade on.
Saxo Capital Markets offers two subscription levels for real-time market data: Level 1 and Level 2. A Level 1 subscription lets you see live, streaming, bid, and offer prices, whereas a Level 2 subscription adds the ability to see the market depth of bid/offer prices and the amounts available at each price point.
What reporting tools are offered by Saxo Capital Markets?
Saxo Capital Markets offers the following charting and reporting tools to traders using its online share trading platform:
- Performance analysis based on profit/loss, returns and performance history within timeframes of your choosing
- Trade development analysis using time-weighted percentages
- Generate and view current and historic reports of your net holdings, with details of total value and percentage exposure of each holding
Does Saxo Capital Markets offer margin loans?
No, Saxo Capital Markets does not offer traders the ability to take out margin loans as part of its online share trading offering.
How is Saxo Capital Markets’ share-trading platform secured?
Saxo Capital Markets says its online share trading platform is secured using a number of measures, including encryption and optional third-party verification.
Additionally, when you make a deposit into a Saxo account, Saxo says your money is guaranteed according to the relevant compensation scheme within your jurisdiction.
Does Saxo Capital Markets have a mobile app you can trade from?
Yes, Saxo Capital Markets offers a mobile app to traders. Saxo Capital Markets says its mobile app allows traders to:
- Trade, cancel orders, and place stop orders
- Access news and analysis
- Use research and analysis tools
- Receive margin alerts
- Quick-close positions
Does Saxo Capital Markets have customer support services available?
Yes, Saxo Capital Markets has 24/5 customer support services available to traders. This can be accessed through:
- Saxo Capital Markets’ online trading platform
- The mobile app
- By phone call
Does Saxo Capital Markets offer CHESS sponsorship?
Yes, Saxo Capital Markets’s online share trading platform offers traders the option of having their shares CHESS-sponsored. CHESS (Clearing House Electronic Sub-register System) is the system used by the ASX to record shareholdings and manage the settlement of share transactions.
In order to trade CHESS-sponsored shares with Saxo Capital Markets, you will need to trade on their CHESS-specific ASX exchange, which has higher minimum trade volumes and higher commission percentages.
About Saxo Capital Markets
Saxo Capital Markets was founded in 1992, and launched its online trading platform in 1998. It claims to serve clients in over 170 countries, meet strict regulatory requirements in 15 different jurisdictions, hold US$17 billion in customer deposits, and process over a million client transactions every day.