• The best prices when you need them most

    Saxo Capital Markets continues to be the preferred provider of online Forex trading for thousands of investors worldwide.
     
    This is a result of aggressive pricing, superior liquidity, outstanding reliability, and last, but not least, a range of more than 160 different Forex crosses.
     
    Choose a product from our portfolio below and discover why so many traders prefer our prices.

Forex

FX Options

CFDs

Shares

Futures

Contract Options

ETFs / ETCs

Bonds

Offshore Fees​

Custody fees​

Custody fees for stocks, ETFs/ETCs and bonds

For accounts with stock, ETFs/ETCs or bond positions a custody fee of 0.12% p.a. with a monthly minimum fee of EUR 5.00 will apply.
The custody fee will be calculated daily using the end of day values and charged on a monthly basis.
Regional differences may apply.

​Custody fee p.a.Monthly minimum fee
Stocks & ETFs/ETCs​​0.12%​EUR 5.00
​Bonds​0.12%EUR 5.00

 

Value Added Tax (VAT)

Custody fee is a VAT liable service, so VAT will be applied on top of the custody fee:

Physical persons
  • residing within the EU, Danish VAT 25% will apply
  • residing outside of the EU, no VAT will be applied by Saxo Bank Group
​Corporate/Institutional client
  • having its place of business in Denmark, Danish VAT 25% will apply
  • having its place of business within the EU (except for Denmark), no VAT will be applied by the Saxo Bank Group if a valid EU VAT ID is provided.* A reverse charge invoice will be provided.
  • having its place of business within the EU (except for Denmark), Danish VAT 25% will be applied if a valid EU VAT ID is not provided.
  • having its place of business outside the EU, no VAT will be applied by the Saxo Bank Group​, but local VAT rules may apply
*Only a EU VAT ID that is verifiable through the EU commission’s website: 
http://ec.europa.eu/taxation_customs/vies/vatRequest.html?local=en will be registered as a valid EU VAT ID. If the EU VAT ID is not verifiable, please contact your local VAT authority.
Currency conversions of trading costs as well as profits and losses from trading activities are done using the mid-spread FX Spot rate when you close the position, plus/minus 0.5%. For FX Options the rate is plus/minus 0.1%. 

The Currency Conversion fee does not apply to margin collateral. Only settlement of actual payments to or from the trading account are included, for example, buying/selling cash Stocks, paying/receiving options premium etc.

The rate used for currency conversion of amounts booked to your account is shown in the trading platforms under the “Trades Executed” report.​
For clients on the Classic service level, an inactivity fee on the amount of USD 100.00 –or the equivalent amount in the account currency- will be charged where the client does not execute any trades on his/her account for a period of 6 consecutive months (180 days).​​

Currency Conversion Fee

Currency conversions of trading costs as well as profits and losses from trading activities are done using the mid-spread FX Spot rate when you close the position, plus/minus 0.5%. For FX Options the rate is plus/minus 0.1%. 

The Currency Conversion fee does not apply to margin collateral. Only settlement of actual payments to or from the trading account are included, for example, buying/selling cash Stocks, paying/receiving options premium etc.

The rate used for currency conversion of amounts booked to your account is shown in the trading platforms under the “Trades Executed” report.​

Inactivity fee​​

For clients on the Classic service level, an inactivity fee on the amount of USD 100.00 –or the equivalent amount in the account currency- will be charged where the client does not execute any trades on his/her account for a period of 6 consecutive months (180 days).​

Transfer out fee

For transfers of Stocks to your account outside the Saxo Bank Group, an exit fee will be charged. The fees are as follows:

  • DK Stocks: 25 EUR per ISIN (max. 100 EUR)
  • Other Stocks: 50 EUR per ISIN (max. 160 EUR)​
​Saxo Capital Markets South Africa is an authorized Financial Services Provider and regulated by the Financial Services Board, registration number 40983. Registered address: The Place, 1 Sandton Drive, Sandown, Johannesburg, South Africa.
 
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