Saxo Capital Markets (Australia) Limited has cut its brokerage fees by up to 87% for the US markets and up to 62% for the ASX.
Saxo clients can now enjoy sharp prices, all inclusive of brokerage and other trading fees, trading US shares for as little as USD 1, UK shares for as little as GBP 3 and the local ASX for as little as AUD 3.
They will also see reduced prices on products such as Exchange Traded Funds (ETFs), Exchange Traded Products (ETPs), Listed Options and ETFs – including up to 70% less on AUD futures.
For those trading global markets, currency conversion fees have been cut by two-thirds to a market-leading 0.25%, enabling Saxo clients to hold funds in 11 different currency ‘sub-accounts’ and save on FX fees when trading.
“As the cost of living continues to rise for many, we strongly believe that our clients should still be able to invest in their future and get the most out of their money and investments,” says Saxo Australia CEO Adam Smith.
“By making prices much more competitive in the markets Saxo operates in, particularly our ‘home’ ASX, we want to make it easier for new and existing clients to invest and stay invested in the financial markets.
“Saxo’s global scale enables us to offer even better value and marks another huge step in building lasting, mutually beneficial relationships with our customers.”
What can Australian investors expect from Saxo price changes?
- Trade Based: A global and competitive approach to all variables and minimum commissions, including as little as AUD 3 for ASX shares
- Currency Conversion Fees: Standardization of fees for automated currency conversions in all markets (0.25% exchange rate surcharge)
- Idle Fees: Eliminate all idle fees