Stock Options Commissions
Note: All equities, bonds, futures and options commissions will be charged with the prevailing Goods and Services Tax (GST) of Singapore. This is applicable to SG residents only.
When trading Stock options at Saxo Capital Markets, there are no minimum ticket fees. Each trade is subject to a flat-rate fee based on the applicable volume bracket.
Overnight positions in short Stock Options are subject to a carrying cost. The carrying cost is calculated on the basis of the daily margin requirement and applied when a position is held overnight.
The funding rate used for calculating the carrying cost is based on the relevant Interbank-rate + markup (150 bps).
Carrying Cost = Margin requirement * Holding time * (Relevant Interbank rate + Markup) / (365 or 360 days)
Holding fees on long option positions (all maturities) will not be applied for the first 30 days – holding fees will only apply after 30 days of holding a position. The fee will be calculated daily based on the below schedule and charged end-of-month.
|Bought Options daily holding fees per million (Nominal Value)|
|<30 Days Holding the Position||n.a.|
|>30 Days Holding the Position||1.10|
Holding Fee per day = Nominal Value / 1,000,000 * Holding Fee