*Rates varies based on the country of client residence. 中國香港
My advice is to do some planning ahead. Custody fees for stocks, ETFs/ETCs and bonds. You can provide proof that the IRS has requested a Form 1042-S from you. residing within the EU, Danish VAT 25 % will apply, residing outside of the EU, no VAT will be applied by Saxo Bank A/S, having its place of business in Denmark, Danish VAT 25 % will apply.
To contrast with the other brokers: Interactive Brokers has a minimum requirement of 10 USD commission a month, totalling 120 USD a year, while DBS Vickers imposes a S$2 fee per month per counter, so thats S$24 per counter … The per vote fee will be charged at the time of voting.
There are some drawbacks, though: there is a high inactivity fee, and the account opening process is complicated. Then there are crypto fees and SaxoSelect fees.
I have checked with Saxo support as well. One of Saxo’s biggest strengths is their affordable fees — trading Singapore stocks incurs a 0.08% fee, compared to others that charge around 0.18% to 0.275%. To make sure, you can email their support.
Custody fees. The minimum custody fee will always be applied to a default account. Saxo Capital Markets Pte Ltd ('Saxo Markets') is a company authorised and regulated by the Monetary Authority of Singapore (MAS) [Co. Reg. United Kingdom
We charge Platinum clients no more than plus/minus 0.20 % p.a., and VIPs no more than plus/minus 0.12 % p.a.
, Saxo Bank A/S (Headquarters) Philip Heymans Alle 15 2900 Hellerup Denmark, Trade responsibly All trading carries risk. The charge applies to balances above the thresholds indicated in the table below. 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 1 percent. Does Saxo charge fees for funding with credit and debit cards. Trade 200+ futures covering equity indices, energy, metals, agriculture, rates and FX.
The fees are EUR 50 per ISIN (max EUR 160 per transfer request). For accounts with stock, ETFs/ETCs or bond positions a custody fee of 0.25 % p.a. Be wary of Saxo inactivity fee. Are there interest charges or credits on my account? For transfers of securities to your brokerage account outside Saxo Markets, an exit fee will be charged. It offers one of the lowest commission fees in Singapore.
Saxo you pay 0.1% of trade value, min GBP 8 per trade ($10!).
No fees are charged for holding an account with Saxo Markets, unless the account has been inactive for a prolonged period of time, in which case a Platform Fee applies.. We charge £25 GBP (or currency equivalent based on the account's base currency) per quarter if … For negative Net Free Equity, interest will be market ask rates plus a mark-up, however never less than the mark-up. International
Otherwise, you risk being subject to a debit interest on your main account exceeding the credit interest payable on your sub-account(s).
I personally use IBKR as well, and yes because the inactivity fees is $3USD per month for users below 25 years old. Saxo Capital Markets Pte Ltd ('Saxo Markets') is a company authorised and regulated by the Monetary Authority of Singapore (MAS) [Co. Reg. International International
The value of your investments can go down as well as up. Saxo Capital Markets Pte Ltd is a company authorised and regulated by the Monetary Authority of Singapore (MAS) [Co. Reg. The negative interest will be calculated daily for the account credit balance exceeding the threshold and debited to the main trading accounts or sub-accounts at the end of each month for the interest period of the previous month (value date is the last day of the previous month). Regional differences may apply.
These include inactivity fees, custody fees and market data subscription fees. They did not impose any inactivity fees for my account. Here’s a brief outline of each: Inactivity Fees. Inactivity fee An inactivity fee on the amount of USD 100.00 –or the equivalent amount in the account currency- will be charged where the client does not execute any trades on his/her account for a period of 6 consecutive months (180 days). Our website is optimised to be browsed by a system running iOS 9.X and on desktop IE 10 or newer. The $3 USD is only charged if you didn’t do any trades for that month. Saxo does impose a 0.12% AUM fee for non-Singapore Shares. The forex conversion is real time as well, which will save some fees as well.