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The FX conversion fees only apply when you transfer money in or out of your foreign currency sub-account. Depending on your account tier, the currency conversion fee ranges from 0.45% to 0.75%.
It is free to open a sub-account in another currency for Saxo clients. Receive more control over your international investment and FX cost by using a sub-account.
Yes. Transfer position to your Saxo account is free of charge. The stock transfer can be registered on the platform. However, there is an exit fee of AUD50 per ISN (max AUD 200) when transferring securities to your account outside Saxo.
Yes, you can transfer a stock and/or bond position from one sub-account to another. A Position movement between Sub-accounts ticket is required. Saxo does not charge for the service.
See instructions to transfer positions here.
CHESS (Clearing House Electronic Sub-register) is ASX’s share transaction and settlement system. A unique Holder Identification Number (HIN) is allocated to anyone with CHESS-sponsored shares.
Custody means when trading ASX Stocks, ETFs, ETCs and Bonds with Saxo Markets (Australia) Limited in a custody share trading account, Saxo Bank A/S is acting as the custodian of the assets. These assets are held on your behalf by Saxo Bank’s sub-custodian Citibank, under Saxo Markets (Australia) Limited.
See the full comparison on CHESS/HIN and Custody here.
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