Saxo Markets

Saxo Markets

At SAXO Markets, you can invest leveraged and investment products, including options, Forex, CFDs commodities, stocks, bonds, ETFs and mutual funds with only 0.03% trading fee. Check the details now.
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Quick Facts
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Fees
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Highlights

Min. Commission Fee (SG Stocks)
S$ 3
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Min. Commission Fee (US Stocks)
US$ 1
Min. Deposit
S$ 0
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4 Offers Available
S$20 Shopee Voucher
SingSaver Flash Deal
S$20 Shopee Voucher
  • SingSaver Flash Deal promotion runs from 2 June 2025 to 30 June 2025.
  • Promotion is valid for new clients of CMC Invest / CMC Markets / Moomoo / FOREX.com / IG / Longbridge / SAXO / Tiger Brokers / uSMART / Webull only.
  • Be one of the first 30 people daily during the flash deal period to sign up for participating products, submit their application and complete the SingSaver Rewards Redemption Form to be eligible for S$20 Shopee Voucher.
  • Flash Deal reward is capped at 200 redemptions across all participating products.
  • Flash Deal reward will be received on top of existing rewards.
  • Terms and Conditions apply
S$350 Cash via PayNow
SingSaver Exclusive Offer (Fund min. S$3,000 + 3x Trades)
S$350 Cash via PayNow
  • SingSaver Exclusive Offer promotion is valid until 30 June 2025.
  • Promotion is valid for new Saxo customers only.
  • Open a new Saxo account via SingSaver, then:
    • Fund a min. of S$2,000, maintain the funds for 30 days from date of deposit, and make 1x trade within 14 days of account opening to be eligible for S$200 Cash or S$220 Shopee Vouchers
    • Fund a min. of S$3,000, maintain the funds for 30 days from date of deposit, and make 3x trades within 14 days of account opening to be eligible for S$350 Cash or S$370 Shopee Vouchers
  • Promotion is stackable with other welcome offers from SAXO (additional T&Cs apply).
  • Terms and Conditions apply
S$370 Shopee voucher
SingSaver Exclusive Offer (Fund min. S$3,000 + 3x Trades)
S$370 Shopee voucher
  • SingSaver Exclusive Offer promotion is valid until 30 June 2025.
  • Promotion is valid for new Saxo customers only.
  • Open a new Saxo account via SingSaver, then:
    • Fund a min. of S$2,000, maintain the funds for 30 days from date of deposit, and make 1x trade within 14 days of account opening to be eligible for S$200 Cash or S$220 Shopee Vouchers
    • Fund a min. of S$3,000, maintain the funds for 30 days from date of deposit, and make 3x trades within 14 days of account opening to be eligible for S$350 Cash or S$370 Shopee Vouchers
  • Promotion is stackable with other welcome offers from SAXO (additional T&Cs apply).
  • Terms and Conditions apply
S$200 Cash via PayNow
SingSaver Exclusive Offer (Fund min. S$2,000 + 1x Trade)
S$200 Cash via PayNow
  • SingSaver Exclusive Offer promotion is valid until 30 June 2025.
  • Promotion is valid for new Saxo customers only.
  • Open a new Saxo account via SingSaver, then:
    • Fund a min. of S$2,000, maintain the funds for 30 days from date of deposit, and make 1x trade within 14 days of account opening to be eligible for S$200 Cash or S$220 Shopee Vouchers
    • Fund a min. of S$3,000, maintain the funds for 30 days from date of deposit, and make 3x trades within 14 days of account opening to be eligible for S$350 Cash or S$370 Shopee Vouchers
  • Promotion is stackable with other welcome offers from SAXO (additional T&Cs apply).
  • Terms and Conditions apply
S$220 Shopee voucher
SingSaver Exclusive Offer (Fund min. S$2,000 + 1x Trade)
S$220 Shopee voucher
  • SingSaver Exclusive Offer promotion is valid until 30 June 2025.
  • Promotion is valid for new Saxo customers only.
  • Open a new Saxo account via SingSaver, then:
    • Fund a min. of S$2,000, maintain the funds for 30 days from date of deposit, and make 1x trade within 14 days of account opening to be eligible for S$200 Cash or S$220 Shopee Vouchers
    • Fund a min. of S$3,000, maintain the funds for 30 days from date of deposit, and make 3x trades within 14 days of account opening to be eligible for S$350 Cash or S$370 Shopee Vouchers
  • Promotion is stackable with other welcome offers from SAXO (additional T&Cs apply).
  • Terms and Conditions apply
Free Upgrade to Platinum tier account & save over 25%
Stackable Welcome Offer
Free Upgrade to Platinum tier account & save over 25%
  • Welcome Offer promotion is valid until 30 June 2025.
  • Promotion is valid for new Saxo customers only.
  • Open a new Saxo account and fund at least EUR 1 within 30 days of account approval to be eligible for reward
  • Terms and Conditions apply.

Things to consider

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Popular

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Quick Facts

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185+ currency pairs available for Forex traders from 0.4 pips, no commission charged and earn cash rebates `

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Access 8,600+ CFDs with tight spreads, low commission and cash rebates

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Demo account available for practice or experimentation

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No inactivity fee levied

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SaxoTraderPRO available for advanced investors who require a more comprehensive platform

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Read our full review of Saxo Markets

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Annual custody fee of up to 0.12% charged for accounts with Stocks, ETFs/ETCs or Bond positions opted out of Securities lending. No custody fee for account plans opted into Securities Lending. Learn more here.

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Eligibility

Minimum Age
18  years old
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Fees / Repayment

Min. Deposit
S$ 0
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Annual Platform Fee
S$ 0
Min. Trading Fee
0.03  %
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Account Opening Fee
S$ 0
Withdrawal Fee
S$ 0
Min. Commission Fee (SG Stocks)
S$ 3
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Min. Commission Fee (US Stocks)
US$ 1
Min. Spread (USD EUR)
0.5
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Usage

Stock Holding Type
Custodian
SingPass
Yes
Payment Networks
Bank Transfer, Paynow, Wire Transfer, Credit Card, Debit Card
Products Offered
Forex, Commodities, Bonds, Equities, Options
Free Demo Account
Yes
Trading Platforms
Web, Mobile
Underlying Fund Category
BLACKROCK, Lion Global
Number Of Currency Pairs
185
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Others

Tags

Saxo Markets Saxo Markets

Saxo commission fees

Saxo offers competitive commission rates across global markets, making it a popular choice for cost-conscious investors. For most markets including the US, Singapore, Hong Kong, Australia, and Japan, the commission is 0.08% of the trade value. Each market has a minimum fee: for instance, US$1 for US trades, S$3 for SG stocks and ETFs, and so on. This fee structure is transparent and straightforward, but keep in mind that fees can add up for frequent small trades. Manual phone orders, however, come with a hefty EUR 50 fee — so you're much better off placing trades via the platform.

Saxo FX

Saxo FX is the broker’s foreign exchange trading platform, allowing users to trade currency pairs directly. This feature is ideal for those looking to diversify their investments or take advantage of currency movements, whether you're an experienced FX trader or someone who simply needs to convert money when funding your global investments.

Saxo FX spreads

Spreads in FX trading represent the difference between the buy (bid) and sell (ask) price of a currency pair. At Saxo, these spreads vary depending on the currency pair and your account tier — tighter spreads are offered to Platinum and VIP clients. For instance, major pairs like EUR/USD typically have narrower spreads than exotic currencies. Think of it as the “hidden cost” of trading forex. The narrower the spread, the less you’re paying in implicit fees.

Saxo FX rollover rate

Rollover rates are interest charges (or credits) for holding a forex position overnight. They reflect the difference in interest rates between the two currencies in the pair. At Saxo, these rates are highly dynamic and can change daily based on market conditions and central bank policies. Because of this volatility, it’s not practical for us to list them here. For the most up-to-date information, check Saxo’s official rollover rate page directly before placing trades.

Saxo fees and charges at a glance

Trading products

Fees

US stocks and ETFs

0.08% (Min. US$ 1)

SG stocks and ETFs

0.08% (Min. S$ 3)

US stocks CFDs

0.04% (Min. US$ 3)

SG Stocks CFD

0.08% (Min. S$ 15)

Bonds (all markets)

0.12% (Min. differs by market)

Spot metals

Min. US$ 0.13

Forex

0.7 pips (EUR/ USD), 1.1 pips (USD/ SGD)

US futures

US$3 / contract

SG futures

S$6 / contract

Custody fee

0.12% per annum if opted out of Securities Lending. If opted in, 0%.

Inactivity fee

S$0

Platform fee

S$0

Account Opening Fee

S$0

Saxo trading platforms: SaxoInvestor, SaxoTraderGO, and SaxoTraderPRO

Saxo offers three distinct trading platforms to suit different investor profiles: SaxoInvestor for beginners, SaxoTraderGO for intermediate users, and SaxoTraderPRO for advanced and institutional-level traders. All three are designed with a clean interface and mobile compatibility, but the features and tools vary significantly depending on your trading needs.

SaxoInvestor

SaxoInvestor is tailored for everyday investors who want a simplified experience. It’s perfect if you’re new to investing or just want to buy and hold stocks, ETFs, or bonds without dealing with complex charts and trading tools. The interface is clean and intuitive, making it easier to focus on long-term investing rather than short-term speculation.

SaxoTraderGO

SaxoTraderGO is the platform’s all-rounder — it caters to intermediate and active traders who want more advanced charting, analytical tools, and access to a wider range of products. Unlike SaxoInvestor, this platform offers features like technical indicators, drawing tools, and trade tickets. It's still easy to use but offers a lot more power under the hood.

SaxoTraderPRO

SaxoTraderPRO is Saxo’s institutional-grade platform built for professional and high-frequency traders. It includes advanced features like algorithmic orders, multi-screen setup compatibility, and ultra-low latency. This is not for the casual investor — think of it as your Bloomberg Terminal-style powerhouse if you’re trading large volumes or running complex strategies.

Saxo Singapore trading products

Product

What it is

Stocks

Buy and sell shares listed on global stock exchanges

ETFs

Diversified funds that track indexes, sectors, or strategies

REITs

Real estate investment trusts, mainly available on SGX

Bonds

Fixed-income instruments, including government and corporate bonds

Forex

Trade major, minor, and exotic currency pairs

Options

Derivatives that give you the right to buy or sell an asset at a set price

Futures

Agreements to buy or sell assets at a future date and price

CFDs

Contracts for difference on stocks, indices, forex, and commodities

Commodities

Trade gold, oil, silver, and more through futures or CFDs

Mutual funds

Access professionally managed funds directly via the platform

Crypto ETPs

Exchange-traded products tracking cryptocurrencies (no direct crypto)

China A-shares

Mainland Chinese stocks traded via Stock Connect

Thematic portfolios

Curated portfolios focused on trends like AI, ESG, or tech

Step-by-step guide to opening a Saxo account in Singapore

Step 1: Apply through SingSaver

To get started, click the “Apply Now” button on this page. Applying through SingSaver may give you access to exclusive sign-up rewards and make the comparison process easier with guidance and tools tailored for Singaporean investors.

Step 2: Register for a new Saxo account

Once redirected to Saxo’s website, you’ll need to fill out some personal information. If you're using MyInfo, most of it will be auto-filled. Otherwise, you'll have to upload a valid ID, proof of address, tax details, and a selfie.

Step 3: Fund your Saxo account

You can fund your Saxo account via FAST transfer from your bank in Singapore. Saxo provides a unique bank reference code for each account to ensure the funds go to the right place. Once your deposit is processed (usually within the same day), you're ready to start trading.

Saxo learning resources

Saxo provides a range of free educational content designed to help investors level up their skills, whether you're just starting out or already have some experience. These include trading courses, video walkthroughs of their platforms, and daily insights from Saxo’s strategists.

Free trading courses by Saxo

These self-paced courses cover the fundamentals of investing and trading, from basic concepts like asset classes and diversification to more advanced topics such as technical analysis and risk management. They’re completely free and tailored for investors at different levels.

Saxo platform video tutorials

If you’re unsure how to use any of Saxo’s platforms, their video tutorials are a great starting point. These bite-sized clips walk you through placing your first trade, setting up watchlists, reading charts, and customising the dashboard.

SaxoStrats market insights

SaxoStrats is Saxo’s in-house team of market analysts and strategists who provide daily insights, global macro commentary, and trading ideas. As a Saxo client, you can access these reports directly through the platform to stay updated on what’s moving the markets.

Saxo customer service

Saxo offers 24/5 customer support through digital channels, including an integrated help desk and live chat within its trading platforms. While the level of responsiveness can vary depending on account tier, higher-tier clients like Platinum and VIP receive priority assistance and access to dedicated support teams.

There’s also support in local languages, a comprehensive help centre with FAQs and guides, and a demo account you can use to test-drive the platforms before committing real money. Overall, Saxo’s customer service is reliable for most users, though response times may be slower during peak trading periods.

© 2015-2025 SingSaver PTE LTD. All rights reserved. This online platform is operated by SingSaver Pte. Ltd. and by continuing to use www.singsaver.com.sg (the “SingSaver Website”) or by carrying out a transaction on the SingSaver Website, users are deemed to have agreed with the Terms and Conditions and Privacy Policy of the SingSaver Website. All insurance product-related transactions on the SingSaver Website are arranged and administered by SingSaver Insurance Brokers Pte. Ltd., a wholly owned subsidiary of SingSaver Pte. Ltd. SingSaver Insurance Brokers Pte. Ltd. is a licensed and authorised broker regulated by the Monetary Authority of Singapore (“MAS”). SingSaver Pte. Ltd. (which administers all other financial products on the SingSaver Website) is not regulated by MAS. SingSaver is located at Eon Shenton, 70 Shenton Way, 18-08, Singapore, 079118.