Saxo significantly cuts fees across markets to further empower investors to make more of their returns
Saxo, the leader in online trading and investment, today announces significant pricing changes across many of its key markets, with a global roll out in the coming months.
For U.S. and U.K. markets the commission will be 0.08% for the classic-tier with minimum commissions at 1 USD (down from 5 USD). The Platinum and VIP client tiers will benefit from 0.05% and 0.03% commissions respectively.
Kim Fournais, founder & CEO of Saxo Bank:
“We are proud to announce what will be the leading prices among the major banks and brokers of the world. Because in today's investment landscape, the value Saxo offers to our clients is very much linked to our ability to provide cost-effective solutions together with our award-winning platforms, products, and services. Lower costs mean higher potential gains for our growing number of clients.
As we cross the milestone of serving over 1 million clients who trust us with more than EUR 100 bn., our scale enables us to significantly lower our fees and prices.
Investors have increasing demands to the overall investment experience and the ability to trade across markets and products on award-winning multi-asset platforms has always been Saxo’s core pedigree. With the lower prices and fees, it’s becoming even easier and more attractive to diversify across asset classes, which is critical to any healthy and profitable portfolio. Diversification is really the “only free lunch” in investing.
This pricing overhaul is an important strategic move for us for the future, as we take another big step forward to create even more win-win with our clients.”
In 2023, Saxo reached a historic milestone of 1 million end clients and crossing USD 100 billion in client assets globally. In addition, the company, headquartered in Copenhagen, Denmark, was also appointed a Systemically Important Financial Institution (SIFI) by the Danish Financial Supervisory Authority (FSA), and received investment grade rating from S&P. This highlights Saxo’s strong capital position and business model, as well as its cautious approach to risk management.
For more details on the price changes, please visit here.
At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo has more than 2,500 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: www.home.saxo