Saxo Invested is the ASIC-licensed subsidiary of Danish Saxo Bank Group, a global heavyweight in the online trading and investment industry. With a Saxo share trading account, you can buy local shares from just $8 and international shares from US$8.
- Standard brokerage fee
- Available markets
- 50+ markets
- Phone, Email, After hours, Live chat
Saxo Invested is built for serious traders, giving investors access to more than 22,000 shares in over 50 countries and exchanges. While giving investors all the diversification they could want, the broker also facilitates CFD trading for those who want to dabble in other markets.
Its strength lies in its educational resources and trading tools, but is for slightly more advanced traders. From the Saxo Academy and online support centre to its extensive range of stock analysis tools, Saxo Invested offers plenty of options for you to improve your trading knowledge and decisions. Unfortunately, it does have a glossary of terms or features that beginners would need.
Saxo may also not appeal to newer or younger investors as its fee structure isn't the cheapest going around. Its platform is also relatively complex and it rewards active traders which may not appeal to traditional, long-term buy-and-hold investors.
Global stock trading
Rewards for active traders
Educational resources and tools
Access to TradingView
Sophisticated trading tools
No automated investing
May be too complex for new investors
|Type of broker||
Exchange traded options
Saxo Invested is a subsidiary of Denmark's Saxo Bank A/S and comes under the broad banner of the global giant, Saxo Group.
It has over 25 years of experience and is fully licensed and regulated in 15 jurisdictions, including by the Australian Securities and Investment Commission (ASIC). It is a trusted international name for share trading.
Since its inception, Saxo Invested has been one of the premier share trading solutions for investors and traders alike.
Its trading platform is known for its top-quality trading tools and for having some of the lowest fees in Australia for global share trading. It won Finder's Best International Share Trading Account award in 2019.
What are the key features of Saxo Invested share trading?
Are you thinking of opening a share trading account with Saxo Invested? If you are, then the key features listed in this review will help you make a final decision as to whether it's the right broker for you.
|Research and education||
Traders who choose Saxo can buy and sell shares based on live market data supplied by each individual stock exchange.
If you want real-time market data, you will need to subscribe to data services offered by individual exchanges, which can be easily done through its online trading platform. Within the platform, you'll find an online subscription tool with a list of the available exchanges and news services alongside a set of fees you must pay to access them.
Market research and analysis
Opening a Saxo Invested account allows you to access the Stock Screener, which allows you to analyse fundamental data and explore stocks on more than 50 global exchanges.
You can also access news, trade views and analysis from Saxo's team of experts via its new and improved market analysis hub on the trading platform or on home.saxo.
Analysis tools within the trading platform include an equity research tool that provides access to future estimates, analyst data and technical analysis tools. These help you keep track of stock movements on clear and customisable charts.
Choice of trading platforms
SaxoInvestor is a user-friendly, mobile application that allows you to invest quickly from anywhere
SaxoTraderGO is a user-friendly, web-based trading platform ideal for traders of all levels.
SaxoTraderPRO is a desktop application designed for professional traders, offering a fully customisable interface with advanced trading tools.
With 2 trading platforms available, traders preferring large desktop screens can access share markets via Saxo's downloadable software. Those who trade on the go and on multiple mobile devices can choose the SaxoTraderGO web browser and mobile app platform. Both platforms give the trader full access to all asset classes and a range of instruments through a single share trading account.
You can create customised watchlists in your Saxo Invested share trading account to easily track the performance of stocks you are interested in.
What markets can I access with a Saxo Invested share trading account?
When you open an account with Saxo Invested, you can access more than 22,000 global stocks on more than 50 of the world's stock exchanges. You're able to buy CHESS-sponsored ASX shares as well as a whole raft of international shares across both established and emerging markets.
Some of the exchanges where you can buy and sell shares in companies include the following:
- London Stock Exchange
- New York Stock Exchange
- Deutsche Borse (XETRA)
- Milan Stock Exchange
- Hong Kong Exchange
- Singapore Exchange
- Tokyo Stock Exchange
While this particular Saxo Invested review focuses on share trading, you're actually opening a multi-asset account that also enables you to trade the following financial instruments:
- ETFs and ETCs
- Listed options
If you're interested in trading forex currency pairs or share market CFDs short term, then click the link and take a look at our Saxo Invested forex and CFD review.
What account types are available for Saxo Invested share trading?
There are a number of account types and levels available to traders opening a share trading account with Saxo Invested. Depending on your personal circumstances, you can open one of the following account types:
- Individual Account
- Corporate Account
- Joint Account
- Trust/SMSF – Individual as Trustee Account
- Trust/SMSF – Corporate as Trustee Account
- Sole Trader Account
Within the above account types, there are also 3 account levels available:
- Classic. This is for retail share traders and investors. The minimum deposit is $1,000.
- Premium. This is for active share traders and investors. The minimum deposit is $300,000 and the account features a personal relationship manager.
- Platinum. This is for high-volume share traders and investors. The minimum deposit is $1,500,000 and the account features VIP pricing, a personal relationship manager and a dedicated sales trader always just a call away.
Is Saxo Invested trustworthy?
Saxo Invested is broadly considered trustworthy given its long history in the market and the fact that it is regulated in multiple countries.
Given the size and scale of the broker, it operates in 6 tier-1 regulators, including the ASIC. It adds to its compliance, meaning it could be more trustworthy for investors.
What types of customer support are available from Saxo Invested?
Saxo Invested provides a wealth of information online to help you get more out of your share trading account. The dedicated support centre features a long list of frequently asked questions and answers. 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 from 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 Invested?
There is no fee to open a share trading account with Saxo Invested. However, you'll 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.
|London Stock Exchange||0.10% (minimum 8 GBP)||0.07% (minimum 7 GBP)||0.05% (minimum 5 GBP)|
|NASDAQ and New York Stock Exchange||0.08% (minimum 8 USD)||0.06% (minimum 6 USD)||0.04% (minimum 3 USD)|
|Deutsche Borse||0.10% (minimum 10 EUR)||0.07% (minimum 8 EUR)||0.05% (minimum 6 EUR)|
|ASX||0.08% (minimum 8 AUD)||0.06% (minimum 6 AUD)||0.04% (minimum 5 AUD)|
|Hong Kong Exchange||0.15% (minimum 100 HKD)||0.12% (minimum 80 HKD)||0.10% (minimum 60 HKD)|
|Singapore Exchange||0.15% (minimum 25 SGD)||0.12% (minimum 20 SGD)||0.10% (minimum 15 SGD)|
|Tokyo Exchange||0.15% (minimum 1,500 JPY)||0.12% (minimum 1,000 JPY)||0.10% (minimum 1,000 JPY)|
How do I pay for shares on a Saxo Invested share trading account?
Saxo Invested offers a number of ways to fund your share trading account:
- Credit/debit card
- Electronic funds transfer
Be aware that due to anti-money laundering regulations, third-party funding is not accepted by Saxo Invested. Any failed transfers or funds transferred to accounts that are not yet fully verified will see funds returned minus incurred bank fees (if any).
How do I apply for a Saxo Invested Share Trading account?
If you'd like to open a share trading account with Saxo Invested and start trading, click one of the "Go to site" buttons on this guide to be redirected to the Saxo Invested website. There you can begin an online application.
You can apply online or request a paper-based application form. During the application process, you will need to provide the following information:
- Your full name
- Email address and phone number
- Date of birth
- Proof of ID
- Details about your net worth
- Your choice of primary account currency
- Your nominated bank account details
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
October 17, 2023
Earlier this year I invested in Aus Company Copper Mountain.
Soon after that it was taken over by Hudbay Minerals in Canada.
I am very disappointed in CommSec who advise me they cannot help in any way as they do not operate in the (DRS ) system. I am wondering if you know anything about that system or if you know who does.
It is way outside my area of understanding.
Best Regards Gabriel
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Kylie Purcell Finder
October 18, 2023
Hi Gabriel, the DRS system simply refers to an online register of stock ownership – typically a term used more often in the US or Canada. It’s a little complicated, but in Australia many brokers like CommSec offer stocks registered specifically by the ASX CHESS system. As Copper Mountain has been delisted from the ASX, your stocks would not be CHESS-sponsored. Your best bet here is to contact Copper Mountain’s original share registry which appears to be Computershare: https://www.computershare.com/au
Best of luck.
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August 10, 2023
Hello, can I access the London AIM issuing Saxo?
Kylie Purcell Finder
August 23, 2023
Hi Pete, according to the information provided by Saxo Invest, it does not look like you can access the LSE’s AIM. That being said, these details can easily change. Your best bet is to contact Saxo directly.
April 24, 2019
I am trying to transfer fund to my bank account but for some reason, it does not accept Adelaide Bank. It puts a query on it with an orange high light. Is it possible to manually do the transfer?
April 25, 2019
Thanks for getting in touch with Finder! I hear you’re trying to transfer funds to your bank account. I suggest to contact your bank directly and see what’s causing the problem and see if you can do a manual transfer as an option. While we review pages about share trading accounts, we aren’t able to process this transaction for you. Hope this clarifies!
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April 17, 2019
Thanks for getting in touch with Finder. I hope all is well with you. 😃
Saxo pre-select the stocks offered on their platform based on liquidity and demand. They tend not to offer equities with a share price of less than $1 or from small-cap companies, as these have low liquidity and typically lower demand. However, investors can contact Saxo if they’re interested in a particular stock that’s not offered through their platform, and Saxo may be able to facilitate the purchase.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
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February 27, 2019
Can I able to use the feature “stop loss” on the trades for the Classic account?
March 02, 2019
Thank you for getting in touch with Finder.
Since their page mentioned that they have innovative risk-management tools, classic account may be able to use the said feature. I suggest that you contact their support centre to get further info on this matter.
I hope this helps.
Thank you and have a wonderful day!
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