No fees are charged for holding an account with Saxo Bank A/S, unless the account has been inactive for a prolonged period of time, in which an inactivity fee applies.
For Saxo Bank A/S 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.
If you have zero cash balance, and decide to fund the account after more than 180 days of inactivity:
Clients are given a grace period of 30 days after account refund before charging the inactivity fee.
In other words, you must place a trade within 30 days to avoid inactivity fee.
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*Please be aware, that the inactivity fee amount and period might differ from country to country - check your local web page for more details: Click here > click |
on the top right part of the menu to select the country/language corresponding to the Saxo office you have an account with.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.