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Saxo Markets Investment Brokerage & SaxoTraderGO Review (2024)

SingSaver team

SingSaver team

Last updated 15 January, 2024

SaxoTraderGO is perfect for active traders looking to monitor their investment portfolios on the go. 

Saxo Markets is a top-tier investment brokerage firm that offers world-class trading and investment products. Saxo's cutting-edge technology and exceptional customer service make it the perfect choice for someone looking to invest in the stock market. With Saxo, you'll have access to everything you need to make informed investment decisions and grow your portfolio.

Table of contents

What is Saxo Markets and what are its services?

Saxo Markets is a Denmark-based international investment broker that has been in operation since 1992. It provides brokerage, trading, and advisory services to individual retail, institutional and high-net-worth investors across Europe, Asia Pacific and the Americas. It has three main platforms through which you can invest. 


The company offers SaxoTraderGO for mobile traders with an intuitive user interface that includes news feeds from financial media houses, charts of stocks, ETFs, commodities and forex markets, portfolio holdings, account information, watch list, stock alerts, etc.

Products: FX, FX Options, CFDs, stocks, ETFs, futures, listed options, bonds, mutual funds, commodities


Saxo also provides SaxoTraderPRO. It has features like advanced trade ticket, depth trader, time and sales data, and algorithmic orders that help modify orders without cancelling them.

Products: FX, FX Options, CFDs, stocks, ETFs, futures, listed options, bonds, mutual funds, commodities 


SaxoInvestor only provides cash products, and offers insights for beginner investors. It's designed to give regular folk an idea of what trends are happening in the market so we can make better decisions when investing our money into different products or themes.

It offers financial tips through its informative catalogues, which showcase various types of investments — from electric vehicles and robotics to minimalist furniture collections — to inspire novice investors looking to become more knowledgeable before making any commitments.

Products: Cash products, stocks, ETFs, bonds, mutual funds 

Saxo Markets offers a regular savings plan to invest in managed ETF portfolios provided by asset managers BlackRock and Lion Global. It allows for long-term savings with the initial minimum investment at just S$2,000 per year (plus any additional contributions). The service fee ranges from 0.25% to a maximum of 0.75%.

It has a very active social channel on Facebook, Twitter and YouTube. Its website is also very well laid out and easy to navigate, with lots of information about the different financial instruments being traded at Saxo Markets and types of accounts available. Its educational centre has a series of videos explaining how different financial products work and why you might choose one over another.

Saxo Markets is licensed and regulated by some of the most respected financial authorities in the world, such as the Danish Financial Supervisory Authority (FSA), the UK's Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).

Commission and trading fees

Here are the types of fees and funding methods you can expect from Saxo Markets. 

Minimum commission fee (SG stocks) S$3
Minimum commission fee (US stocks) US$1
Inactivity fee, Platform fee, Withdrawal fee None
Payment method FAST, PayNow, MEPS, internet bank transfer or credit/debit card
Minimum funding amount S$0
Stock Holding Type Custodian 
Trading products  Stocks, ETFs, bonds, commodities, options, futures, funds, FX and CFDs

And here’s what it costs to trade stocks on various markets with the VIP plan: 

SGX Trading Fee 0.03% with minimum of S$3
New York Stock Exchange Trading Fee 0.03% with minimum of US$1
Hong Kong Exchange 0.03% with minimum of HK$15 
Australian Securities Exchange Trading Fee 0.03% with minimum of AU$3
Tokyo Stock Exchange Trading Fee 0.03% with minimum of ¥800
Forex fees 0.5 pips for EUR/USD, 0.9 pips for USD/SGD

Pros of Saxo Markets

There are many pros of using Saxo Markets for your investment needs. Here are some of the highlights:

  • Excellent trading platforms: SaxoTraderGO is a world-class trading platform that offers an intuitive user interface, advanced charting tools, news feeds from leading financial media houses, and more. It's perfect for both novice and experienced traders.
  • Comprehensive product offerings: Saxo Markets offer a wide range of products, including stocks, ETFs, commodities, forex, and more. You can find the investment you're looking for with ease.
  • Exceptional customer service: Saxo Markets offer top-notch customer service that is always available to help you with any questions or concerns you may have.
  • Wide range of account types: Saxo Markets offer a variety of account types to suit your needs, including individual, joint, corporate, trust, and more.
  • Demo account: The demo mode of Saxo Markets is a great way for traders who want to experiment with the trading features and functionality. 

Cons of Saxo Markets 

While Saxo Markets is a great investment broker, it does have some downsides:

  • Limited availability: Saxo Markets is only available in select countries. If you're not located in one of these countries, you will not be able to use their services.
  • Pricing: Saxo Markets charges a pretty hefty commission. This is something that may turn off some investors looking to execute smaller trades, but larger investors will find it fairly affordable.
  • Complexity: There is a learning curve associated with using SaxoTraderGO, as the app is more complex than your standard forex trading platform. However, Saxo provides ample resources to help you learn how to use the app and become a proficient trader.

SaxoTraderGO – detailed review

SaxoTraderGO is a state-of-the-art trading platform that provides features and tools for every type of trader, no matter what their experience level may be. It offers access to an impressive range of markets, including stocks, forex, commodities, and more. It also incorporates news feeds from leading financial media houses for real-time market information.

SaxoTraderGO is available as a desktop app or a mobile app so that you can trade on the go. It's free to download and use. It’s an excellent trading platform that offers advanced features and tools for all traders.

Key features

Here's a list of some of the other tools that you can find on SaxoTraderGO: 

  • Market information: SaxoTraderGO incorporates news feeds from leading financial media houses like Reuters and CNBC so that you can stay up to date on market events.
  • Watchlist: You can add trading targets into your watchlist with ease, then compare them against the current market prices in real-time.
  • News and research: SaxoTraderGO offers access to a wide range of news and research content to help you make informed investment decisions.
  • Trading platform: SaxoTraderGO offers a variety of advanced trading features and tools to help you execute trades smoothly and efficiently. You can use your technical indicators to execute trades or try the SaxoTraderGO Sentiment Index.
  • Portfolio management: You can manage a range of trading and investment portfolios, either as a personal portfolio or as a managed account for clients.
  • Financial calculators: Use financial calculators to compute margin requirements, trade sizes, and more.
  • Fees and charges: There are no inactivity fees, withdrawal fees, or platform fees associated with SaxoTraderGO – you only pay for the products you trade. It also provides various trading tools and research to help you make informed investment decisions.

How does it work?

Saxo's account opening process is fast and easy. All you need to do is sign up using My Info, which will get your details stored in SingPass. You can transfer funds immediately after being approved, by bank transfer, credit card or debit card. The steps are summarised below: 

1. Download the app – SaxoTraderGO is available for use via the App Store or Google Play, depending on your device of choice.

2. Sign up to get started – open a Saxo Markets account online by filling out some basic information.

3. Saxo makes trading easy – if you've used other platforms, you'll notice that the layout is very easy to use for buying and selling stocks, commodities, indices, etc. You can also choose between a black or white theme in the settings to suit your preference.

4. There are technical indicators – the charting tools allow you to plot up to three different indicators on top of the price action, like Bollinger Bands, RSI, and MACD (with Histogram). You can also choose between bar or candlestick charts.

5. You can do it all from your phone – whether you're on the go or just want to trade from the comfort of your own home, SaxoTraderGO provides an intuitive mobile app that gives you access to global markets.

Who should use this service and why?

Whether you're a full-time or occasional investor, you'll find SaxoTraderGO provides all the tools and research you need to execute trades and manage your funds.

The Saxo trading platform is a great option for both new and experienced traders. If you're not sure whether SaxoTraderGO is the right platform for you, there's no need to worry – Saxo offers a free demo account, so you can try out all the features of the app before you decide to open an account.

Find out more about investing options through our comprehensive comparison of online brokerage accounts. Apply through SingSaver for deals and exclusive offers. 

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