No fees are charged for holding an account with Saxo, unless the account has been inactive for a prolonged period of time, in which an inactivity fee applies.
For accounts with no trading activity during a period of 6 consecutive months (180 days) an inactivity fee up to USD 150 (!) or equivalent in the account currency will be charged.
For clients with zero cash balance, who decide to fund the account after more than 180 days of inactivity:
Clients have given a grace period of 30 days after account refund before charging the inactivity fee.
In other words, clients must place a trade within 30 days to avoid inactivity fee.
(!) Please be aware, that inactivity fee amount and a period might be different - please check your local web page for details or contact Saxo.
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 https://www.home.saxo/rates-and-conditions/commissions-charges-and-margin-schedule.