- Commission is only 0.12% with $15 minimum
- Zero Custodian Fees for SGX stocks
Of course there needs to be the negatives to be weighed in:
- Inactivity Fee of USD$100 there is not a single trade within 180 calendar days
- Stocks are 3rd-party custodian-owned so it is not linked to CDP
Given that people normally brand Saxo as expensive, they are actually beating out a lot of the competition for those in the know. US stocks are at $9.90 for the first 1,000 shares (note the 0.12% pa custodian fee though), EURUSD trades as low as 0.8 in spread and Futures start at $6 per contract.
Not the cheapest of the cheapest, but a good platform with many good functions and tools at pretty competitive commissions.
Of course please do your own due diligence and fact-finding before making any decisions to open an account with them. This is not advice or recommendation of any sort.
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