No, Saxo Bank is not free. Saxo Bank is a respected online broker with a transparent fee structure. It has top-tier licenses from the ASIC, FSA, FINMA, MAS, SFC, and FCA. Saxo Bank offers a premium online trading experience with excellent tools and platforms.
This article discusses the specifics of Saxo Bank fee structure.
Is Saxo Bank Free?
Saxo Bank charges a fee for stock trading on US markets. If you choose to trade other assets, you’ll have to pay a brokerage fee. Saxo Bank charges an inactivity fee and a high minimum initial deposit. Check our in-depth reviews to read more about Saxo Bank and its fee structure.
Are Saxo Bank Fees Low?
Saxo Bank is a trustworthy brokerage firm with a transparent fee structure and high trading costs. For example, the US stock fee for the $2000 trade is $10. Read our in-depth reviews to learn more about the trading costs with Saxo Bank.
Does Saxo Bank Charge A Non-trading Fee?
SaxoBank has average non-trading fees. For example, it does not charge a withdrawal or deposit fee for bank transfers and credit/debit card funding. Check our in-depth reviews for more information on non-trading fees available at Saxo Bank.
Non-trading Fee Comparison
Does Saxo Bank Have An Inactivity Fee?
Saxo Bank charges a high inactivity fee. In the UK, the fee is £25 after one-quarter of inactivity. In non-UK countries, the fee reaches up to $150 after 6 months of inactivity.
Inactivity Fee Comparison
|In the UK, £25 after one quarter of inactivity. SIPP and ISA accounts are exempt from this fee. In non-UK countries, up to $150 after 6 months of inactivity.
|No inactivity fee charged
|No inactivity fee
Saxo Bank is not a free broker but is an excellent choice as a secure brokerage firm. It has a high minimum initial deposit, and it follows a transparent fee policy. Read our in-depth reviews to discover more about Saxo Bank and its fees.
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