Saxo Capital Markets Share Trading Account Review and Information

With competitive brokerage fees and access to more than 19,000 global stocks, Saxo Capital Markets can help you build a well-diversified share portfolio.

An online share trading account with Saxo Capital Markets offers fast and easy access to more than 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, ensuring you have a well-diversified portfolio.

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

Product Name Saxo Capital Markets (Classic account)
Type of Broker Full service
ASX Products Shares
Exchange traded options
Available Markets ASX
NASDAQ
NYSE
London Stock Exchange
AMEX
Euronext
Hong Kong Stock Exchange
Shanghai Stock Exchange
Tokyo Stock Exchange
Standard brokerage fee for ASX shares $6.99 or 0.1%
Support Phone
Email
After hours

What shares can I access with Saxo Capital Markets?

When you open an account with Saxo Capital Markets, you can access more than 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, it's a multi-asset account so it also enables you to trade the following financial instruments:

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

If you're interested in trading CFDs or Forex currency pairs, take a look at our Saxo Capital Markets CFD and Forex page instead.

What are the features of Saxo Capital Markets?

Thinking of opening an 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.

Minimum deposit of $1000

there is a minimum deposit requirement of AUD $1,000 for this account.

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.

SaxoTraderGo is a user-friendly, web-based trading platform ideal for traders of all levels. It's available to download on any PC, Mac, tablet or smartphone. SaxoTraderPRO is designed for professional traders, and offers a full-customisable interface with advanced trading tools. SaxoTraderPRO is a web-based platform for Windows and Mac only.

Choice of account levels

There are four account levels available: Saxo Essential, Classic, Premium and Platinum. Saxo Essential is a limited-risk account ideal for new traders, as you're not able to lose more than your deposit. With Saxo Essential, your losses can't exceed the funds in your account when margin trading.

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 access more than 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)0.07% (minimum 7 GBP)
NASDAQ and New York Stock Exchange0.01 USD per share (minimum 9.90 USD)0.01 USD per share (minimum 7 USD)
Deutsche Borse0.10% (minimum 10 EUR)0.07% (minimum 8 EUR)
ASX0.10% (minimum 6.99 AUD)0.07% (minimum 6.99 AUD)
Hong Kong Exchange0.15% (minimum 100 HKD)0.12% (minimum 80 HKD)
Singapore Exchange0.15% (minimum 25 SGD)0.12% (minimum 20 SGD)
Tokyo Exchange0.15% (minimum 1,500 JPY)0.12% (minimum 1,000 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.
  • Low-risk account available. With Saxo Essential, you losses can't exceed the funds available in your account.

Cons

  • No MetaTrader. Saxo Capital Markets does not support MetaTrader, the world’s most popular trading platform.

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

How much does it cost to fund an account?

Saxo Capital Markets charges a transaction fee of 1.34% on credit cards and 0.93% on debit cards for all transactions used to fund trading accounts.

Does Saxo Capital Markets offer different service levels?

Yes, there are four levels available: Essential, 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 $1000 for the Essential account, $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.

Shirley Liu

Shirley Liu is a program manager at finder, formerly the publisher for Banking and Investments. She is passionate about helping people make an informed decision, save money and find the best deal for their needs.

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7 Responses

  1. Default Gravatar
    johnnyJuly 6, 2018

    can I buy AND later sell SMHD ?

    • finder Customer Care
      MayJuly 12, 2018Staff

      Hi Jonny,

      Thanks for getting in touch with finder.

      I’d like to help you further with your inquiry. If you could please tell us what you meant by “SMHD”, that would be great.

      Cheers,
      May

  2. Default Gravatar
    MurrayApril 18, 2018

    A few questions re Saxo:

    1) Min. deposit to start trading = $1000 what about subsequent deposits. What is the minimum?

    You advertise your commission as $9.90 but my total fees on purchase was $21.80. Commission at 9.90 x2 = 19.80 + .99 + .01 X2 = $21.80.

    2) Do these fees cover buying and selling?

    3) When I wish to withdraw, do my funds go back to the credit card that funded the account?

    I look forward to hearing from you soon.

    Regards,

    • finder Customer Care
      MayApril 19, 2018Staff

      Hi Murray,

      Thanks for your inquiry. Please note that finder is a comparison website and general information service and does not represent Saxo, so we can only offer general advice.

      1) Min. deposit to start trading = $1000 what about subsequent deposits. What is the minimum?
      There’s no minimum deposit for your subsequent funding after the initial $1,000 deposit.

      2) Do these fees cover buying and selling?
      Yes, the commission + fees cover the buying and selling.

      3) When I wish to withdraw, do my funds go back to the credit card that funded the account?
      With Saxo, you can only withdraw funds from your trading account to a bank account held under your name.

      Cheers,
      May

  3. Default Gravatar
    MrJanuary 24, 2018

    I assume Saxo is authorised and regulated by the Australian Securities and Investment Commission? Is all client money held in a segregated bank account?
    Thankss

  4. Default Gravatar
    MrJanuary 24, 2018

    Where are the shares I buy held? For Australian shares is Saxo a CHESS provider?
    And then what about International shares?
    Thanks

    • finder Customer Care
      JoanneJanuary 27, 2018Staff

      Hi Mr. X,

      Thanks for your questions.

      Saxo Capital Market is not a market participant themselves and they do not trade directly on exchanges on your behalf hence, they don’t hold your shares. When you trade using their platform, they act as your agent and arrange market participants to enter into trades as per your trading orders. Your shares will be managed either through CHESS or the issuer’s share registry.
      While we can confirm that Saxo is fully licensed and regulated by ASIC, I’m afraid you’d have to contact them directly for information related to their business operations. I have sent to your email their contact details as well as the link to their company profile for ease of reference.

      Cheers,
      Joanne

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