Press Release
Saxo offers more value for money with latest pricing cuts, making it the most international broker in Hong Kong with best prices for Japanese and European equities
Saxo, the leader in online trading and investment, today announces a set of comprehensive pricing changes in Hong Kong, as part of a global roll out of standardised and reduced pricing.
Saxo clients in Hong Kong can now enjoy substantial price reductions, especially when they trade US and HKEX stocks, amongst other products such as ETFs, ETPs, Listed Options and Futures. With the lower fees, Saxo offers the best value for money as it further empowers investors to make more of their returns.
“In today's investment landscape, the value Saxo offers to our clients defined by our ability to provide cost-efficient solutions, powered by our European pedigree and award-winning platforms and services,” Ken Shih, Head of Wealth Management, Greater China, Saxo Hong Kong, comments.
“Lower costs mean higher potential gains for our growing number of clients. As investors have increasing demands to the overall investment experience, the ability to trade multi-asset, across markets and be guided by tools and services are already what Saxo offers and does well. For example, Saxo is now the cheapest broker for people wanting to invest into more niche markets or regions like Europe and Japan, and we are very competitive also on the popular U.S. and home market stocks,” Shih adds.
“This pricing overhaul is an important strategic move for us for the future, as we take another big step forward to create more win-win with our clients. Last year, Saxo crossed the milestone of serving over 1 million clients globally, our scale enables us to significantly lower our fees and prices. This scale isn't just a number – it's a testament to the trust our clients place in us and a responsibility we take seriously to continuously seek ways to enhance their investment experience,” Shih comments.
What can investors expect from Saxo’s price changes?
• Transaction Based: Lower minimum commissions and overall commissions on trading
• Transparent Currency Conversion Fees: Standardisation of the bps fee for automated currency conversions across all markets
• No inactivity fees: Removal of inactivity fees in all markets
How does this compare with locally against other brokerages?
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 https://www.home.saxo/en-hk/campaigns/invest-for-less
“In today's investment landscape, the value Saxo offers to our clients defined by our ability to provide cost-efficient solutions, powered by our European pedigree and award-winning platforms and services,” Ken Shih, Head of Wealth Management, Greater China, Saxo Hong Kong, comments.
“Lower costs mean higher potential gains for our growing number of clients. As investors have increasing demands to the overall investment experience, the ability to trade multi-asset, across markets and be guided by tools and services are already what Saxo offers and does well. For example, Saxo is now the cheapest broker for people wanting to invest into more niche markets or regions like Europe and Japan, and we are very competitive also on the popular U.S. and home market stocks,” Shih adds.
“This pricing overhaul is an important strategic move for us for the future, as we take another big step forward to create more win-win with our clients. Last year, Saxo crossed the milestone of serving over 1 million clients globally, our scale enables us to significantly lower our fees and prices. This scale isn't just a number – it's a testament to the trust our clients place in us and a responsibility we take seriously to continuously seek ways to enhance their investment experience,” Shih comments.
What can investors expect from Saxo’s price changes?
• Transaction Based: Lower minimum commissions and overall commissions on trading
• Transparent Currency Conversion Fees: Standardisation of the bps fee for automated currency conversions across all markets
• No inactivity fees: Removal of inactivity fees in all markets
| Existing | New | ||
| Minimum | Minimum | Difference | |
| US Stock | US$3 | US$1 | -66% |
| HK stock | HK$18 | HK$15 | -17% |
| UK Stock | GBP 5-8 (depends on tier) | GBP 3 | -40% to -63% |
| JP Stock | JPY 1000-1500 (depends on tier) | JPY 800 | -20% to -46% |
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 https://www.home.saxo/en-hk/campaigns/invest-for-less
Yvette Lim
Head of PR APAC and Strategic Communications
Saxo Bank
+45 31 39 45 04 (DK)
yvel@saxobank.com
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’s parent company, Saxo Bank A/S, was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, the Saxo Group 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 wholly-owned subsidiary of Saxo Bank A/S, 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. The Saxo Group’s 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, the Saxo Group 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: https://www.home.saxo/en-hk
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 wholly-owned subsidiary of Saxo Bank A/S, 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. The Saxo Group’s 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, the Saxo Group 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: https://www.home.saxo/en-hk