You can use commission credits to cover commission costs when trading all products except FX, FX options, and CFD indices.
You can receive commission credits from various channels, most commonly through promotional offers.
How to use commission credits?
You don't need to take any special action to utilize your commission credits. If your account has commission credits, they are automatically applied.
When trading products that incur commission fees-such as stocks, ETFs, futures, and bonds-your commission credits will come into play. Initially, you will pay the trading fees upon executing a trade. At the end of the day, we will refund any commission costs covered by your credit balance. The refund will be in the currency of your main account.
To view your credit balance and refunds on our platforms, follow the steps below:
-
SaxoTraderGO web version:
-
In the Trading tab > Click the "i" in the bottom left corner to view Account Details > Under Details, see Commission credit.
-
Click on Portfolio > Select an account/All accounts > In the Overview, click Cash > See Commission credit.
-
- SaxoTraderGO Mobile App:
In the Trading tab at the bottom > Select Summary on the top > Click the three dots icon to view Account Details > See Commission credit.
Click on Portfolio > Select an account/All accounts > In the Overview, click Cash > See Commission credit.
- SaxoInvestor: Click on Portfolio > Select an account > In the Overview, click Cash > See Commission credit.
-
SaxoTraderPRO: Click Add module and select Account summary > click the 'i' icon > in the pop-up window you will see your credit balance under Account value.
Please note: Your commission credit balance will only be visible in the platform if you have any. When you click the number at Commission credit you will see the Expiry date.
Can I use commission credits to pay for other fees?
You can only use the credits to cover commission fees paid to Saxo for placing a trade.
Can I use commission credits to buy stocks?
No, the credits don’t cover the value of the stock, only commission fees connected to the purchase of the stock.
Can I cash out my commission credits?
No. They cannot be withdrawn. If you have any commission credits you don’t use by their expiration date, you lose them.
For more information about the terms for commission credits please visit this page.