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Is Saxo Bank Free?

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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.  

Saxo Bank Swissquote TradeStation Global
Withdrawal fee$0$10$0
Deposit fee$0$0$0
Inactivity feeYesNoNo
Account feeNoNoNo

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.

Saxo Bank Swissquote TradeStation Global
Inactivity feeYesNoNo
Inactivity feeIn 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 chargedNo 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:


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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