Pricing overview
RATES & CONDITIONS ACTIVE TRADER STANDARD
FOREX
EURUSD From 0.2 pips (1) From 0.8 pips
USDJPY From 0.2 pips (1) From 0.8 pips
AUDUSD From 0.4 pips (1) From 0.8 pips
STOCKS
Singapore Exchange From 10 bps * From 12 bps
NASDAQ & NYSE From 7 USD * From 9.9 USD
Australia Securities Exchange From 7 bps * From 15 bps
STOCK OPTIONS
AUD Contracts From 3 AUD (2) From 5 AUD
USD Contracts From 2 USD (2) From 3 USD
GBP Contracts From 1.5 GBP (2) From 2.5 GBP
  See all rates See all rates
CFD SINGLE STOCK
Singapore Exchange From 9 SGD * From 15 SGD *
NASDAQ & NYSE From 7 USD * From 9.9 USD *
Australia Securities Exchange From 5 bps * From 10 bps *
CFD INDEX TRACKER
US SPX500 From 0.4 * 0.5
EUR 50 From 1.8 * 2
Japan 225 From 8 * 8
FUTURES
USD Contracts Please contact us 6 USD
SGD Contracts Please contact us 10 SGD
EUR Contracts Please contact us 6 EUR
CONTRACT OPTIONS
USD Contracts Please contact us 6 USD
SGD Contracts Please contact us 15 SGD
EUR Contracts Please contact us 6 EUR
BONDS
Corporate Bonds Please contact us 0.08% (min. 80 EUR)

(1) Based on ECN-styled FX pricing

* To qualify for the Active Trader Pricing Plan, clients will have to execute at least 100 trades per calendar month on Stocks, ETFs and Single Stock CFDs. Read the full Terms and Conditions and FAQ here.

(2) To qualify for the Active Trader price plans on Stock Options, Futures and Contract Options, clients will need to trade: 1,001 – 5,000 lots per month.

Navigate through the Futures and Contract Options sections on the left-hand side pane to read the full Terms and Conditions.

Commissions, Charges and Margin Schedule

Minimum account sizes

SGD10,000 for a Saxo Account.
SGD100,000 for a Saxo Premium Account.

Interest on funds deposited with Saxo Capital Markets

Interest on your main account is calculated on the Net Free Equity.

Interest on your sub-accounts is calculated on the Account Value.

However, since the Net Free Equity is calculated on open trade positions on all your accounts, it is important to make sure that sufficient cash is available on your main account.

Otherwise, you risk being subject to a debit interest on your main account exceeding the credit interest payable on your sub-account(s).

Net Free Equity

Your Net Free Equity is:

  • The cash balance of your main trading account
  • Plus or minus any unrealised profits or losses from open CFDs, FX Forwards and Futures on your main trading account
  • Plus the market value of any FX Options on your main trading account
  • Minus any margin required for financing open positions on your main trading account and sub-accounts

Net Free Equity margin financing

Cash collateral for Net Free Equity margin financing may differ from the trading margin requirement. Please click here for information on cash collateral for margin financing used for Net Free Equity calculation.

To avoid paying interest on your account you are required to hold sufficient cash collateral ensuring a positive Net Free Balance.

Please note that the Net Free Equity Margins will be updated from 1 February 2017. Click here to see the updated Net Free Equity Margins.

Trading margin

The trading margin requirement (leverage) described under each trading product is the minimum amount of collateral you must maintain on your account at all times. This collateral may be in the form of cash or stocks, ETFs and Bonds after applicable haircuts.

Account Value

Account Value of your sub-account is:

  • The cash balance of the account
  • Plus or minus the value of any unrealised profits or losses from open CFDs, FX Forwards and Futures on the account
  • Plus the market value of any FX Options on the account

Account Interest

The following interest rates apply to funds deposited with Saxo Capital Markets:

Net Free Equity above USD 15,000 (or equivalent):

  • Interest paid on the full amount on the account is the higher of market bid rates minus 3% and zero.

Positive Net Free Equity up to USD 15,000 (or equivalent):

  • No account interest

Negative Net Free Equity:

  • Interest will be charged at market ask rates plus 8%, however never less than 8 %.

Interest Calculation and Settlement

Withholding tax in interest
 
For any interest paid to a non-resident of Singapore, which are sourced in Singapore or deemed to be sourced in Singapore, Saxo Capital Markets is required to withhold tax from the relevant payments and pay the tax withheld to the Comptroller of Singapore. The withholding tax rate will at all times be the applicable rate, currently 15%. 
 
Calculation and settlement
 
Interest will be calculated daily and settled monthly within seven business days after the end of each calendar month.

 

Amalgamation

Saxo Capital Markets does not support any form of amalgamation of orders.

Multiple orders entered on the same instrument and filled within the same trading day will incur separate commissions.

Fees

Currency Conversion fee

Currency conversions of trading costs as well as profits and losses from trading activities are done using the mid-spread FX Spot rate when you close the position, plus/minus 0.5%. For FX Options the rate is plus/minus 0.1%.

The Currency Conversion fee does not apply to margin collateral. Only settlement of actual payments to or from the trading account are included, for example, buying/selling cash Stocks, paying/receiving options premium etc.

The rate used for currency conversion of amounts booked to your account is shown in the trading platforms under the “Trades Executed” report.

Custody Fees for Stocks, ETFs/ETCs and Bonds

For the purpose of ensuring a cost structure that reflects the client’s actual usage of the trading platforms, Saxo Capital Markets has decided to implement a new fee structure in 2015.

For accounts with Stocks*, ETFs/ETCs or Bond positions, an annual custody fee of 0.12% with a monthly minimum fee of SGD 5 or equivalent will apply. The custody fee will be calculated daily using the end of day values and charged on a monthly basis.

 

 Annual Custody Fee
Monthly Mininum Fee
Stocks0.12%SGD 5
ETFs/ETCs0.12%SGD 5
Bonds0.12%SGD 5

* Singapore Exchange Listed Stocks will be exempted from the above fees.