Is Saxo Bank A real Bank?
Summary. Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK's Financial Conduct Authority (FCA).
How much does Saxo cost?
One of Saxo's biggest strengths is their affordable fees — trading Singapore stocks incurs a 0.08% fee, compared to others that charge around 0.18% to 0.275%.
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| Saxo Markets Fees |
| SGX Trading Fee |
0.08% with minimum of 5 SGD |
| Forex fees |
0.7 pips for EUR/USD, 1.1 pips for USD/SGD |
| Platform fee |
None |
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Sep 8, 2021
Can I trust Saxo?
Founded in 1992, Saxo Bank operates three regulated banks and is licensed in six tier-1 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs. Saxo Bank delivers access to over 40,000 instruments, including crypto derivatives (depending on your location), micro-futures and forex options.
Which is better IG or Saxo?
Our testing concluded that Saxo Markets is better for research than IG. Saxo Markets offers more research options, including research reports, articles, and analyst ratings.