Custody fees vary depending on the location of your Saxo account, the products you hold, and your account setup. VAT may apply.

For details, visit the Saxo website for your location, as fees and conditions may vary. You can click the globe icon to select a region.

No custody fee

Custody fee waived in certain cases

Markets with custody fees

To check a custody fee with an existing account, log in to the platform, select a stock, ETF, or bond, and click the information icon to open the Trading Conditions window. The custody fee is shown under the Trading rates tab.

In supporting your financial aspirations and trading objectives, we provide both funding and liquidity for your trading activities in margin products. Our financing rates apply when you hold an open position in a margin product overnight e.g., a Contract for Difference (CFD) on a single stock.

Your financing rates consist of two components: 1) Saxo Bid/Offer financing rates and 2) commercial product markup/down.

The financing rates are set as:

• Bid = Saxo Bid financing rate - commercial product markdown

• Offer = Saxo Offer financing rate + commercial product markup

Saxo Bid/Offer financing rates

Saxo Bid/Offer financing rates refers to our pricing on financing i.e., we are charging floating interest rates. We use Alternative Reference Rates (ARRs) as an input when setting Saxo Bid/Offer financing rates. For currencies without a designated ARR, a money market rate, monetary policy rate or other relevant financial benchmark will apply as an input. 
Saxo Bid/Offer Financing Rates have a floor of zero percent, i.e. the interest rates can not be negative rates.

When you buy CFDs on single stocks e.g., in Hong Kong Dollars, we will convert our funding base into Hong Kong Dollars to finance the underlying purchase of the stocks. Conversely, if you are selling CFDs on a single stock e.g., in South African Rand, we will convert the proceeds from sale of the underlying stocks into our funding base currencies. These operations require active trading in various financial products in the interbank market to manage the liquidity cash flows generated by your trading activities.

ARRs have been developed by working groups consisting of national and international industry associations, market participants, as well as central and reserve banks. They are publicly available and are recognised by National Competent Authorities (NCAs), market participants, and national and international financial industry associations. For more information on the relevant financial benchmarks listed below, please consult the financial benchmark administrator, central or reserve bank.

The Saxo Bid/Offer financing rates are proprietary to Saxo and subject to the provisions in our General Business Terms. One provision could be pass-through of cost related to external factors, such as changes in domestic and/or foreign monetary or credit policies that affect the general interest level or changes in cost structures with liquidity providers and brokers.

As a reference, see applicable Benchmark Rates in the section below.

Commercial product markups/downs

For more information on our general pricing, please consult the page Pricing Overview 

Interest calculation and settlement

Interest will be calculated daily and settled monthly – within seven business days of the end of each calendar month.

The Saxo Bid/Ask rates are proprietary to Saxo and subject to the provisions in the General Business Terms. One such provisions could be pass-through of cost related to external factors, such as changes in domestic and/or foreign monetary or credit policies that affect the general interest level or changes in cost structures with liquidity providers and brokers.

We generally use Alternative Reference Rates (ARRs) as an input when setting Saxo Bid/Ask rates. For certain currencies, a money market rate, monetary policy rate or other relevant financial benchmark may apply as an input instead.

The benchmarks used when setting interest rates on deposits and financing rates on margin products are listed in the table below. Saxo reserves the right to apply a business lag to the publication of financial benchmarks when calculating and booking unrealised and realised interest.

When you trade an instrument in a currency that differs from your base denomination, conversions—including trading profits/losses—are executed using the FX spot mid-price, based on the time you close your position plus/minus 0.25 percent. We charge no more than plus/minus 0.25 percent in currency conversion fees.

The currency conversion fee does not apply to margin collateral. Only settlement of actual payments to or from the trading account are included—for example, buying/selling cash stocks or paying/receiving options premiums.

The rate used for currency conversion of amounts booked to your account is shown in the trading platforms under the Trades Executed report.

You can request Forms 1042-S, however unless one or more of the conditions listed below are met, a EUR 1,000 handling fee per income year will apply:

• You can provide proof that the IRS has requested a Form 1042-S from you.
• Saxo Group applied the wrong relief-at-source US tax rate to your account.

If more than 10 forms are required per income year the fee will exceed EUR 1,000 per year.

• An annual charge of EUR 30 is applied at the end of each year. This fee will be applied if you have subscribed at any time during the calendar year.
• A charge of EUR 5 applies for each shareholder (proxy) vote cast and each change to a vote.
• A charge of EUR 5 (in addition to the proxy voting fee) applies each time you request an attendance card for a shareholder meeting.

All prices exclude VAT.