What are the costs of transferring securities with Saxo?

In this article, you will get help with:

Which type of instrument can be transferred

Transferring securities to my Saxo account

Transferring securities from my Saxo account

Which type of instrument can be transferred

You can only transfer Stocks, Bonds and Mutual Funds in and out of your Saxo account. 

There are no charges for transferring Bonds from your account. 

Transferring securities to my Saxo account

Saxo does not charge any fee when transferring securities into Saxo. 

Do note, that your sending broker might charge you a transfer fee. 

Transferring securities from my Saxo account

When transferring securities out of your account, the following exit fees are charged: 

ISIN stands for International Securities Identification Numbering system (defined by ISO 6166) and is the global ISO standard for unique identification of financial and referential instruments. 

You will see the ISIN on Saxo platform for the instrument, for example:

One ISIN stands for one instrument. 

If you hold Apple stocks (no matter how many shares) and Tesla stocks (no matter how many shares) in your account and want to transfer them out, they would be 2 ISINs. Hence the fee to transfer out is EUR 100. If you transfer 4 ISINs or more, we would only charge EUR 160. 

Other fees

* A Partial Allocation Fee is applied when you want to transfer a portion and not all the quantity of a position. In the case of inheritance, there will be no fee for partial allocation.

** Note: If a security is tradable, it cannot be realigned in a different exchange. You can read more about how to request a securities transfer here.