You do not pay anything to have an account with Saxo Bank Switzerland. Only if the account has been inactive for an extended period of time will an inactivity fee apply.
For Saxo Bank AG accounts where there has been no trading activity for a period of 90 days, an inactivity fee of up to CHF 89* or the equivalent in the account currency will be charged.
*Please note that the amount and period of the inactivity fee varies from country to country - check your local website for more details:
Click here > click on the upper right part of the menu to select the country/language where you have an account.
How do we notify about the upcoming Fee?
- Clients will receive an automated email after ~60 calendar days have passed since the Last Trading Date.
- Those who remain inactive for ~75 calendar days will then additionally receive an SMS.
- VIP and Platinum clients will not be notified (as they are exempt from Inactivity Fees)
Please note, that we send out the notifications on your registered email address and registered telephone numbers. If your contact details are outdated, please update your contact details.
What is considered a trading activity to avoid inactivity fee ?
- A trade executed
OR one of the below :
- Stock / Bonds transfer
- Futures Expiry
- Exercise of FX Option
- Stock Options Expiry
- Corporate Actions (regardless asset class) result a position
- Bonds Maturity
- Barrier Event (FX option)
- Stock/Bond transfer
General information regarding Saxo commissions and pricing can be found here
Commissions, Charges and Margin Schedule | Saxo Bank (home.saxo)