Saxo Pricing Update

Introduction

Welcome to Saxo's updated pricing guide. Our goal is to simplify your investment experience, making it both transparent and competitive. This guide covers the changes effective from November 15th, 2025.

What's Changing?

1. Commission Fees for Stocks and ETFs

We are transitioning from a cents per share model to using basis points (bps) for commission fees across all major exchanges. This simplifies the fee structure and makes investing more accessible.

• America

  Exchange	New Pricing–   Classic Clients	New Pricing – Platinum Clients	New Pricing –   VIP Clients
  NASDAQ	8 bps	5 bps	3 bps
  New York Stock Exchange	8 bps	5 bps	3 bps
  NYSE American	8 bps	5 bps	3 bps
  Toronto Stock Exchange	8 bps	5 bps	3 bps

   

• Europe/Middle East/Africa

  Exchange	New Pricing–   Classic Clients	New Pricing – Platinum Clients	New Pricing –   VIP Clients
  London Stock Exchange	8 bps	5 bps	3 bps
  Deutsche Börse (XETRA)	8 bps	5 bps	3 bps
  Borsa Italiana/Milan Stock Exchange	8 bps	5 bps	3 bps
  Euronext Amsterdam	8 bps	5 bps	3 bps
  Euronext Paris	8 bps	5 bps	3 bps
  Euronext Lisbon	8 bps	5 bps	3 bps
  SIX Swiss Exchange	8 bps	5 bps	3 bps
  NASDAQ OMX Copenhagen	8 bps	5 bps	3 bps
  NASDAQ OMX Helsinki	8 bps	5 bps	3 bps
  NASDAQ OMX Stockholm	8 bps	5 bps	3 bps

   

• Asia/Pacific

  Exchange	New Pricing–   Classic Clients	New Pricing – Platinum Clients	New Pricing –   VIP Clients
  Australian Securities Exchange	8 bps	5 bps	3 bps
  Hong Kong Exchanges	8 bps	5 bps	3 bps
  Shanghai-Hong Kong Stock Connect	8 bps	5 bps	3 bps
  Singapore Exchange	8 bps	5 bps	3 bps
  Tokyo Stock Exchange	8 bps	5 bps	3 bps
  Shenzhen-Hong Kong Stock Connect	8 bps	5 bps	3 bps

  Commission fees for Athens Exchange, BME Spanish Exchanges, Euronext Dublin, Prague Stock Exchange, Bursa Malaysia Exchange, remain unchanged. 

   

2. Zero Minimum Commissions on All Exchanges

We are eliminating all minimum commissions, so your fees will reflect the size of your transaction directly. This change ensures you only pay based on your specific trade volume.

3. Updated Currency Conversion Fees

We have revised our FX conversion charges for stocks and ETFs to better align with market standards and provide additional benefits for Platinum and VIP clients, including access to currency sub-accounts.

• FX Conversion Fees Table

  New Pricing–   Classic Clients	New Pricing – Platinum Clients	New Pricing –   VIP Clients
  0.60 %	0.40 %	0.20 %

Note: Cash transfers between different currency accounts remain at 0.25%.

Need Help?

If you have any questions or require further clarification, our support team is here to assist you. Feel free to reach out via our Platforms

• SaxoTraderGO: click Contact us
• SaxoInvestor: click Contact us

FAQs

• How do basis points work in practice? Basis points are a standard unit of measure used in financial services to describe percentage changes or fee rates. One basis point equals 0.01%.

  Example of Commission Calculation: Commission in basis points is calculated as a percentage of the total transaction value. One basis point equals 0.01%.

  Example: You buy 100 shares at $50 per share. Your total transaction value is $5,000. If your broker charges a commission of 50 basis points, you calculate:

  Commission = Total Transaction Value × (Basis Points / 10,000)

  Commission = $5,000 × (50 / 10,000) = $25

  So, you would pay a $25 commission on the transaction.

  Example of Commission Calculation with GBP Exchange:

  Scenario: You buy 150 shares at £40 per share on the London Stock Exchange.

  Total Transaction Value: £6,000

  Commission Rate for Classic Clients: 8 basis points

  Calculation:

  Commission = £6,000 × (8 / 10,000) = £4.80

  Result: You would pay a £4.80 commission on the transaction as a Classic client.

  When Investing, you'll incur a commission both when you enter a trade (buying shares) and when you exit a trade (selling shares). This means that each time you execute a transaction, whether purchasing or selling, a commission fee is calculated based on the transaction value using the specified basis points rate. This approach ensures you pay for the entire cycle of trading activity, reflecting the total cost associated with both acquiring and liquidating your positions.

• Why is there a shift from cents per share to basis points? This shift is designed to simplify pricing structures, making them more transparent and aligned with market practices.
• Will these changes affect my current investments? The changes will apply to all new transactions post-November 15th, 2025, ensuring continuity and clarity in how fees are assessed.