SaxoSelect Service Fees

Service Fee Explained

The service fee is an annualised fee that is paid for having SaxoSelect manage your money. It is taken at the end of each quarter on a pro rata basis. We take the daily value of the portfolio and calculate a daily pro rata fee, to factor cash additions/withdrawals and daily performance. The sum of these daily fee amounts are then aggregated at the end of the quarter and charged, or until you withdraw from the portfolio. 

For example, the Balanced Portfolios have a service fee of 0.9%. If the value of the portfolio on day one is EUR 100,000 then the service fee for that day is (100,000 x 0.009) /365 = EUR 2.466. If half of the capital is withdrawn the next day and there is a 0% return (meaning the new value is exactly 50%), then the fee for this day is halved to EUR 1.233. Each day these fee amounts are accumulated and then deducted at quarter-end.

All trading carries risk. Losses can exceed deposits on margin products. You should consider whether you understand how our products work and whether you can afford to take the high risk of losing your money. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. The KIDs can be accessed here or within the trading platform. Please note that the full prospectus can be obtained free of charge from Saxo Bank (Switzerland) ltd. or the issuer.

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