Saxo Capital Markets Share Trading Account Review and Information

With competitive brokerage fees and access to 19,000 global stocks, Saxo Capital Markets can help you build your perfect share portfolio.

One of the key principles of investing is to diversify your portfolio to protect yourself against risk. However, if you only buy and sell shares in companies in one particular industry or country, you may not have sufficient variety in your portfolio to protect against market downturns.

But opening an online share trading account with Saxo Capital Markets can help you avoid this problem. With fast and easy access to 19,000 global stocks on 36 of the world’s major stock exchanges, Saxo Capital Markets allows you to access investment opportunities all around the world.

Saxo Capital Markets, the ASIC-licensed subsidiary of Danish Saxo Bank Group, allows you to trade local and international shares as well as ETFs, Stock Options and Bonds.


What can I trade with Saxo Capital Markets?

When you open a trading account with Saxo Capital Markets, you can trade 19,000 global stocks on 36 of the world’s stock exchanges. Some of the exchanges where you can buy and sell shares in companies include the following:

  • ASX
  • London Stock Exchange
  • NASDAQ
  • New York Stock Exchange
  • Deutsche Borse (XETRA)
  • Milan Stock Exchange
  • Hong Kong Exchange
  • Singapore Exchange
  • Tokyo Stock Exchange

While this article focuses on share trading with Saxo Capital Markets, opening an account with this provider also allows you to trade the following financial instruments:

  • Forex
  • CFDs
  • ETFs and ETCs
  • Futures
  • Bonds

What are the features of Saxo Capital Markets?

Thinking of opening a share trading account with Saxo Capital Markets? Before you make your final decision, check out the features it offers to customers:

Market data

Saxo traders can buy and sell shares based on the actual market data supplied by stock exchanges. If you want real-time market data, you will need to subscribe to data services offered by individual exchanges.

Research

Opening a Saxo Capital Markets account allows you to access the Stock Screener, which allows you to analyse fundamental data and explore stocks on 36 global exchanges. You can also access news, trade views and analysis from Saxo’s team of experts via tradingfloor.com.

Analysis

Saxo Capital Markets provides a range of screening and analysis tools you can use to weigh up investment opportunities. These include an equity research tool that provides access to future estimates and analyst data as well as technical analysis tools to help you keep track of stock movements.

Access

With a minimum deposit of AUD $3,000, Saxo opens up more equity opportunities, including ETFs, ETCs, Share options, Index-tracking CFDs, Share CFDs and Bonds.

Choice of platforms

With two trading platforms available, traders preferring large desktop screens can access the markets via its downloadable software, while those who trade on-the-go, on multiple mobile devices can choose its SaxoTraderGO web-browser and mobile app version. Both platforms give the trader full access to all asset classes and a range of instruments, through a single account.

Order types

Saxo Capital Markets offers a range of order types to help you get more out of your account and maximise the potential for profit. These include limit and market orders, stop limits, trailing stops and stop limits.

Available markets

You can trade 19,000 stocks on 36 global exchanges with Saxo Capital Markets. This includes access to the NASDAQ, New YorkStock Exchange, London Stock Exchange, ASX, Tokyo Stock Exchange and many more.

Watchlist functionality

You can create customised watchlists in your Saxo Capital Markets account to easily track the performance of stocks you are interested in.

What support/information is available with Saxo Capital Markets?

Saxo Capital Markets provides a wealth of information online to help you get more out of your account. The dedicated Support Centre features a long list of frequently asked questions and answers, while customers can also access trading articles and guides, video tutorials and a range of events and seminars. In addition, you have the option of visiting The Academy, a separate website full of videos, courses, quizzes and guides to help further your trading knowledge.

If you ever need help with your account or a specific transaction, Australian phone and email customer support is available Monday to Friday through Saxo’s Sydney office. After-hours calls will be diverted to a Saxo Bank Group office.

What fees are charged when using Saxo Capital Markets?

There is no fee to open an account with Saxo Capital Markets. However, you will need to pay brokerage fees on each trade you place. These commission amounts vary based on the exchange you are using and on whether you are a Standard or Active trader (an Active trader is someone who places more than 100 trades per month).

The table below outlines some of the minimum commissions that may apply.

ExchangeStandard traderActive trader
London Stock Exchange0.10% (minimum 8 GBP)0.05% (minimum 8 GBP)
NASDAQ and New York Stock Exchange0.01 USD per share (minimum 9.90 USD)0.007 USD per share (minimum 7 USD)
Deutsche Borse0.10% (minimum 12 EUR)0.05% (minimum 9 EUR)
ASX0.10% (minimum 9.90 AUD)0.05% (minimum 7.90 AUD)
Hong Kong Exchange0.15% (minimum 150 HKD)0.10% (minimum 100 HKD)
Singapore Exchange0.15% (minimum 25 SGD)0.12% (minimum 20 SGD)
Tokyo Exchange0.15% (minimum 1,500 JPY)0.08% (minimum 1,250 JPY)

What are the pros and cons of using Saxo Capital Markets?

Pros

  • Global access. Saxo Capital Markets provides access to 19,000 stocks on 36 global stock exchanges, allowing you to take advantage of investment opportunities all around the world.
  • Rewards for active traders. Traders that place more than 100 trades per month receive lower commissions than Standard traders.
  • Educational resources and trading tools. From the Saxo Academy and online Support Centre to its extensive range of stock analysis tools, Saxo Capital Markets offers plenty of options for you to improve your trading knowledge and decisions.

Cons

  • Active traders. Trading accounts with Saxo Capital Markets are for experienced, active traders more than casual investors, so they may not be suitable for everyone.

How do I apply for a Saxo Capital Markets' Share Trading account?

If you’d like to open an account with Saxo Capital Markets and start trading, click the “Apply Now” link on this page to be redirected to the Saxo Capital Markets website. There you will be able to begin an online application. You can then open one of the following account types:

  • Corporate Account
  • Joint Account
  • Individual Account
  • Trust/SMSF - Individual as Trustee Account
  • Trust/SMSF -Corporate as Trustee Account
  • Sole Trader Account

You can apply online or request a paper-based application form. During the application process you will need to provide some of the information included below, but not limited to:

  • Your full name
  • Your email address and phone number
  • Your date of birth
  • Proof of ID
  • Details about your net worth
  • Your choice of primary account currency
  • Your nominated bank account details

Q&A

Does Saxo Capital Markets offer different service levels?

Yes, there are three levels available: Classic, Premium and Platinum.

Is there a minimum deposit requirement?

Yes, but the amount varies depending on the type of account you open. The minimum is $3,000 for a Classic account, $50,000 for a Premium account and $500,000 for a Platinum account.

Can I open a demo account with Saxo Capital Markets?

Yes, you can open a no-obligation free demo account for 20 days to sample the features Saxo Capital Markets has to offer.

Can I trade from my smartphone?

Yes, the SaxoTraderGO platform is available on Android and iOS devices.

Where can I find out more about trading other financial instruments with Saxo Capital Markets?

You can find out more in this handy guide.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question