Is Saxo Bank Free?

Page Summary

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

Saxo Bank Swissquote TradeStation Global
Withdrawal fee $0 $10 $0
Deposit fee $0 $0 $0
Inactivity fee Yes No No
Account fee No No No

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

Saxo Bank Swissquote TradeStation Global
Inactivity fee Yes No No
Inactivity fee 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

Final Verdict

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.

Saxo Bank compared to other brokers:

Disclaimer

eToro is a multi-asset investment platform. The value of your investments may go up or down. Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Crypto assets are unregulated& highly speculative. No consumer protection. Capital at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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