Saxo offers pricing plans, giving you the option to pay a monthly rate to enjoy a series of advantages. Watch our video about plans here.
Find below the answers to the most relevant questions:
How will Saxo's Pricing Plans benefit me?
Saxo empowers you to choose a pricing plan which best suits your individual needs and when your requirements change over time. This puts you in the driving seat, helping you to secure lower rates and other benefits with a pricing plan with a monthly cost.
You can secure the lowest rates in the market via our Diamond plan, or pay no monthly cost on our Bronze plan when you want to trade or invest less, or alternate between the two depending on your trading plans.
How do I sign up for a Pricing Plan?
When you open a Saxo account, you automatically get the Bronze plan for free and you can switch to any other plan that better fits your needs. Read the terms of the plan here
Which Pricing Plan should I join?
When you open an account, you automatically get the Bronze plan for free. You can upgrade to Silver, Gold or Platinum plans to enjoy low rates, free live prices and no custody fee, while the Diamond plan also provides the lowest trading rates in the market. Please click here for the comparison.
Which Pricing Plan is the best for me?
You can choose the pricing plan which represents the best value-for-money based on your trading needs, and you can switch plans at any time, with no lock-in.
The Bronze plan is free of charge. If you intend to trade frequently and want to secure lower rates, you can opt for a higher-tier plan, with discounted rates and other benefits available for a monthly cost.
The monthly cost of the pricing plans will be waived if you earn enough Saxo Rewards points during the month:
- 5,000 points to waive the SGD 5 cost for the Silver plan
- 15,000 points to waive the SGD 15 cost for the Gold plan
- 45,000 points to waive the SGD 45 cost for the Platinum plan
- 145,000 points to waive the SGD 145 cost for the Diamond plan
The Diamond plan also provides the lowest trading rates in the market.
After you have started trading and investing, we will let you know if you have shown trading behaviour that suggests a different plan would have represented better value-for-money, and you will have the option of switching.
What are commission credits?
Commission credits is a monthly benefit of the Gold, Platinum and Diamond account plans, worth the same as the monthly cost of each plan over the course of the month.
Commission credits can be used to cover commission costs when trading any products except FX, FX options, CFDs, CFD options and CFD indices. Any other fee or charge, including but not limited to stamp duty, transaction tax, currency conversion, custody fee and interest can’t be offset with commission credit.
If you switch plans during one month, you keep your old plan’s credits (if applicable) and get your new plan’s credits as well (if applicable).
Unused commission credits don’t carry over to the following month. Any amount of commission credit not utilized before the expiry date will be forfeited.
Does unused commission credit carry over to the next month?
No, commission credit is allocated at the start and expires at the end of the calendar month.
What are the transaction fees for specific products?
Click below to see detailed transaction fees for a specific product.
Stocks - ETFs - Bonds - Futures - Listed options - FX - CFDs - Crypto ETP - Crypto FX
You generally pay transaction fees at the time of the trade, in the form of a commission or a spread, depending on the instrument. You can see transaction costs on the trade ticket of a specific instrument.
For more information, visit here to learn more.
Do I get free real-time price data with my Pricing Plan?
For more information on real-time price data benefits, visit here to learn more.
You can subscribe on your own to a stock exchange that’s not included for free in your plan. See all exchanges you can get real-time price data on here.
Which Pricing Plan matches my previous account tier (Classic/Platinum/VIP)?
If you opened your Saxo account before 29 November 2021, you are assigned an account tier of either Classic, Platinum or VIP, based on your initial funding and subsequent trading habits.
To check your current account tier in the platforms, go to:
Go to the Main menu > Account> Saxo Rewards
Your account will remain in the Classic/Platinum/VIP tier structure until we migrate it to the new account plan best suited to your needs.
How do I switch between Pricing Plans?
Once you open an account, you can switch plans as often as you like from your account in the platform by following the steps below:
Go to the Main menu > Price plan > Change my price plan > Select your new plan > Accept the disclaimer > Submit.
Upgrading will take effect immediately, and your fee at the end of the month will be calculated based on the number of days you’ve been on each plan. Downgrading will take effect after the end of the current month. For example, if you downgrade your plan on 17 May, the downgrading will take effect on 1 June.
Am I tied into a Pricing Plan for any length of time?
You are in control; you can switch plans when you see fit.
Upgrading will take effect immediately, with the monthly cost charged on a pro-rated basis at the end of the month.
Downgrading will take one month to process and take effect on the first calendar day of the following month. For example, a downgrade request received on 28 January would take effect from 1 March.
How do I check which Pricing Plan I am on?
You can check which plan you are on in your account, as follows:
Go to the Main menu > Account> Saxo Rewards
How and when do I pay the monthly cost for my Pricing Plan?
Any monthly cost payable for your plan will be debited from your account balance at the end of the month. We bill you based on the number of days you have been on a plan.
We deduct the fee from the cash available in your account. If you have earned enough points during the month to have your plan fee waived, you get that month for free.
- 5,000 points to waive the SGD 5 cost for the Silver plan
- 15,000 points to waive the SGD 15 cost for the Gold plan
- 45,000 points to waive the SGD 45 cost for the Platinum plan
- 145,000 points to waive the SGD 145 cost for the Diamond plan
Learn more about earning points here.
Can I have the monthly cost waived for my Pricing Plan?
Yes. You earn points from funding your account and trading.
On a monthly basis, the monthly cost of the plans will be waived if you earn enough Saxo Rewards points during the month:
- 5,000 points to waive the SGD 5 cost for the Silver plan
- 15,000 points to waive the SGD 15 cost for the Gold plan
- 45,000 points to waive the SGD 45 cost for the Platinum plan
- 145,000 points to waive the SGD 145 cost for the Diamond plan
On the Gold, Platinum and Diamond plans, you will still benefit from free commission credit equal to the monthly cost of your plan – SGD 15, SGD 45 or SGD 145 respectively – even if that monthly cost is waived.
Learn more about earning points here.
Why should I pay for a Pricing Plan with Saxo, when other brokers don’t charge for accounts?
You have control to choose a pricing plan with no monthly cost – a Bronze plan – or to upgrade to a plan with a monthly cost, which will secure lower rates and packages of other benefits. You can also now take control over changing plans as and when you like, to complement your trading and investing needs and habits as they change over time.
All plans provide access to Saxo’s award-winning web- and app-based platforms, over 40,000 products from CFDs, FX and cryptocurrencies, through stocks, ETFs and bonds, to managed portfolios and Regular Savings Plans.
You may want to upgrade to a pricing plan with a monthly cost to secure lower trading rates than are available from other brokers.
Whichever plan you choose, you can be assured of transparent, competitive pricing, with no platform fees or other hidden fees.