Page Summary
Saxo Bank offers a premium trading experience, but it has high trading and non-trading fees. Saxo Bank is a top online broker with a transparent fee structure. It has top-tier licenses from ASIC, FSA, FINMA, MAS, SFC, and FCA.
Each online broker has a specific fee structure. This article discusses the fees at Saxo Bank.
Trading Fees
Saxo Bank has mid-tier to high trading fees. For example, the stock fee for a $2,000 trade is $10. We review online brokers with real accounts and money. Our findings depend on many criteria, including trading volume. Read our in-depth reviews to discover more about the trading fees at Saxo Bank.
Trading Fees Comparison
| Saxo Bank | Swissquote | TradeStation Global | |
|---|---|---|---|
| US stock | $10.0 | $25.0 | $1.5 |
| UK stock | $11.2 | $35.0 | $2.4 |
| German stock | $12.0 | $30.0 | $2.4 |
Financing Rates
Saxo Bank has low financing rates. For example, the yearly financing rate for Apple CFD is 3.6%. Financing rates are important if you want to hold your positions for the long term.
Financing Rates Comparison
| Saxo Bank | Swissquote | TradeStation Global | |
|---|---|---|---|
| Apple CFD financing rate | 3.6% | – | 1.6% |
| Vodafone CFD financing rate | 3.5% | – | 1.5% |
| EURUSD financing rate | 1.7% | 1.9% | 1.7% |
| EURGBP financing rate | 1.5% | 1.7% | 1.6% |
Non-trading Fees
Saxo Bank has low non-trading fees. Non-trading fees are essential when it comes to online trading. The withdrawal and deposit fee at Saxo Bank is $0. Check our in-depth reviews to learn more about non-trading fees at Saxo Bank.
Non-trading Fees 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 |
Deposit Fees
Saxo Bank doesn’t charge a fee for deposits from bank transfers and credit/debit card deposits. Deposit fees occur when transferring funds from your personal accounts to your brokerage account. The best online brokers offer fee-free deposits.
Deposit Fees Comparison
| Saxo Bank | Swissquote | TradeStation Global | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
Withdrawal Fees
Saxo Bank doesn’t charge a withdrawal fee for bank transfers and credit/debit card withdrawals. Charging a withdrawal commission is coon among leading online brokers. Read our in-depth reviews to discover information about trading costs at Saxo Bank.
Withdrawal Fees Comparison
| Saxo Bank | Swissquote | TradeStation Global | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | No |
| Electronic wallets | No | No | No |
| Withdrawal fee with bank transfer | $0 | $10 | $0 |
Inactivity Fee
Saxo Bank has a high inactivity fee. For UK accounts, the fee is £25 after one-quarter of inactivity. Non-UK brokerage accounts have an inactivity fee of 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 a top online broker with a mid-tier to high fee structure. Trading costs at this broker are higher than with competitor brokerage firms. It is a top choice for advanced traders who want to use premium trading services. Learn more about online trading and fees from our in-depth reviews.
Saxo Bank compared to other brokers:
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Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
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.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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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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.