We are pleased to inform you that we will be discontinuing our current Account Plans and the recurring monthly fees, to offer simpler activity-based account tiers, effective 4 March 2024. These changes will lower barriers for our clients to diversify and stay invested in the markets through our platforms.
For clients whose Saxo accounts were opened from 1 February 2024 onward, please click here to refer to our new account tiers and pricing.
For clients whose Saxo accounts were opened before 1 February 2024, our new account tiers and pricing will apply from 4 March 2023, and the Account Plans will be discontinued.
Find below the answers to the most relevant questions:
- Why did Saxo make this change?
- Where can I find these changes?
- What is the benefit of this change?
- What do I need to do to shift to the new account tier?
- How do I know which account tier I will be on and how did Saxo decide which tier I am on?
- How do I move to the next account tier?
- Will I still be entitled to the commission rebates and free real-time data under the respective Account Plans?
Why did Saxo make this change?
We are aligning our prices globally across Saxo and introducing a simpler pricing structure with the removal of account plans. By discontinuing our current Account Plans and the recurring monthly fees, it lowers barriers for you to diversify and stay invested in the markets through our platforms.
Where can I find these changes?
On 1 February 2024, existing clients will receive a legal notification via email. Within this email, a link will take you to the new pricing schedule.
From 4 March 2024, the new prices will be live on the website.
What is the benefit of this change?
We believe a global pricing structure will increase transparency and offer more value for money for our clients. There is no more monthly subcription fees, improved currency conversion cost from 0.75% to an industry leading 0.25% and lower minimum commission for US, UK, HK, SG, AU, JP stocks.
What do I need to do to shift to the new account tier?
No further action is required from you. Your account will automatically be migrated to the new account tier on 4 March 2024, based on your current account plan and trading history.
How do I know which account tier I am in and how did Saxo decide which tier suits me?
For existing clients, you will receive an email on 1 February 2024 that will inform you which account tier you are in. All our existing clients were tiered based on activity level and/or the assets in your account (AUM). You can also check your account tier and points on platform:
- Main menu
> Your account > Saxo Rewards
How do I move to the next account tier?
Simply by trading more on your Saxo account. By increasing your activity level and/or your AUM with Saxo, you will be given Saxo Rewards points to reach higher account tier.
Will I still be entitled to the commission rebates and free real-time data under the respective Account Plans?
From 1 March 2024, we will no longer charge the recurring monthly fees under the Account Plans, and features such as commission rebates and free real-time market data under the respective Account Plans will also be discontinued.
You will enjoy improved currency conversion cost and lower minimum commission for US, UK, HK, SG, AU, JP stocks with the new account tiers, lowering barriers for you to diversify and stay invested in the markets through our platform.