Page Summary
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.
Non-trading Fee 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 |
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.
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 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:
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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. 51% 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
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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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.
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.