Commission credits are credits that you can use to cover the cost of commissions when trading with Saxo. You can use commission credits to cover brokerage costs on trades of all products except FX, FX options, CFD options, and CFD indices.
How to use commission credits?
When trading products that have commission fees such as stocks, ETFs, futures, and bonds, you can use commission credits. You pay all the trading fees when executing the trade and at the end of the day we will refund any commission costs that are 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:
- SaxoInvestor: Click on Portfolio > click Cash and in the dropdown menu, you will see your credit balance.
- SaxoTraderGO: Click the Trading tab > click the 'i' icon in the Positions module > in the pop-up window you will see your credit balance under Account value.
- 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
Can I use commission credits to pay for other fees?
No, you can only use the credits to cover commission fees paid to Saxo Bank.
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. 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.