Saxo has announced pricing changes across many of its key markets, with a global roll out planned for the coming months.
The firm writes that clients in United Kingdom can now enjoy substantial price reductions, especially when they trade US stocks and home market stocks, amongst other products such as ETFs, ETPs, Listed Options and Futures.
Saxo customers now pay a minimum of USD1 commission on US trades, and GBP3 commission on UK trades. The GBP7.95 custody fee is removed, and a platform fee is no longer charged. Currency conversion fees have been reduced to 0.25 per cent per cent across all accounts.
Dan Squires, Head of UK Sales at Saxo UK says: “In today’s investment landscape, the value we offer to our clients is very much linked to our ability to provide cost-effective solutions together with our award-winning platforms and services. Lower costs mean higher potential returns for our growing number of clients. As we cross the milestone of serving over one million clients globally, our scale enables us to significantly lower our fees and prices. This scale isn’t just a number – it’s a testament to the trust our clients place in us and a responsibility we take seriously to continuously seek ways to enhance their investment experience.”
“Saxo offers the best multi-asset trading and investment platform, which gives customers access to over 70,000 instruments globally. We overlay that digital proposition with thought provoking content such as our strategy pieces, as well as technical signals, market news, webinars, blogs and other intelligence. Saxo gives customers the best possible chance of growing their wealth: in simple terms by keeping a lid on costs but having the best access to money making trades. We think that’s a win:win,” Squires says.
