shares trading conditions, trading software saxo caital markets, saxo capital markets online share trading

 

 

Shares Trading Conditions

Reuse of stock investment collateral for other investments

Saxo Capital Markets allows a percentage of the collateral invested in certain shares to be used for margin trading activities (Forex, CFDs and Futures trading). See the percentage of collateral that can be used from each stock.

 

Market Orders

Certain exchanges* do not support market orders. If clients place a market order in these markets, Saxo Capital Markets will automatically translate the order to an aggressive limit order within a certain percentage limit "in the money"**. It is the clients own responsibility to check if the order is traded in the market after order entry. If clients experience or suspect any errors with their order, they should contact Saxo Capital Markets immediately.

 

*Exchange​ **Percentage Limit​
American Stock Exchange (AMEX)​ 2.50%​
Australian Stock Exchange (ASX)​ 1%​
Athens Stock Exchange (AT)​ 2%​
Oslo Stock Exchange (OSE)​ 2.50%​
OMX Copenhagen (CSE)​ 2.50%​
OMX Helsinki (HSE)​ 2.50%
OMX Stockholm (SSE)​ 2.50%​
Singapore Exchange (SGX-ST)​ 1%​
 
Some of our execution brokers may choose to translate market orders on various markets into aggressive limit orders 3% in the money. This is due to their internal compliance and is set to protect clients from "bad Fills". Saxo Capital Markets will not be responsible for missing fills due to this.
 

 

Split Orders

In case an order regarding a security is split, and filled partially over a period of more than one day, the total trading costs may increase. The reason for such increase is that the minimum fee may be charged more than one time based on the number of days necessary for the total execution of the order.

Dividends from stock positions

Dividend payments from stock positions will be credited to the clients account with any applicable standard withholding taxes deducted.

Saxo Capital Markets cannot currently support or offer preferential withholding tax rates that may be available due to residency or legal status.

 

 

Local Market Terms & Conditions

Custody for Stock Portfolio If You Do At Least One Trade Per Quarter

Saxo Capital Markets Private clients are not charged depository fees unless the account is inactive. In such case the inactivity fee is calculated as 2.5bps (15bps p.a. and min. EUR 5) of the average end month value of the stock portfolio during the quarter. If you make one trade (in any instrument) or more during a quarter no inactivity fee is charged.
 

Taxation on Singapore Stocks

For Singapore stocks, a Clearing Fee of 0.04% is payable, subject to a maximum of SGD 600.

***Taxation on Hong Kong Stocks
 
For Hong Kong stocks, Stamp Duty and other charges apply: 0.108%Note: Automated trading from 09:30-16:30 with a break between 12:00 - 13:30.

Taxation on UK Stocks

For UK stocks, a Panel for Takeovers and Mergers (PTM) Levy and Stamp Duty may be applicable. Stamp Duty is applied on all buy transactions at a rate of 0.5% of the transaction value. A PTM Levy of GBP 1 is applied to buy and sell transactions where the Gross Value of the trade exceeds GBP 10,000.

Please note that for Irish registered stocks, Stamp Duty is 1% of the transaction value.

Depositary Receipt fees

It is standard practice for US depositary receipts to charge an annual administration fee up to USD 0.05 per share depending on the issuing depositary bank. The intent of the fee is to cover costs for the banks that take on the operational processes necessary to issue and trade the depositary receipt line.  

Typically the fee is deducted when dividend payments are made, however, in case the depositary receipt does not pay a dividend or did not include the custodial fee in their dividend events, the fee will be administered through fee-only events.
 
The dividend fee is stipulated in the Deposit Agreement between the depositary bank and the company based upon industry standards. The Deposit Agreement is filed with the SEC and is readily accessible by the public.
 

The fee per depositary receipt is not dependent on the total amount of dividend being paid but the amount of shares held.

 

SEC Section 31 Fees for US CFD DMA and Shares

Saxo Capital Markets passes on to clients the SEC Section 31 fee of $21.80 per million (0.218 bps) on US exchange CFD DMA and stock SELL transactions where client orders are entered directly into the underlying market.  This fee applies only to US exchanges.

Pre-Opening Order Fills in US Markets

In US markets, Saxo Capital Markets consolidates liquidity from a number of sources in addition to the primary exchanges. When there is a delay in the opening of the primary exchange, orders can be filled from these other sources before trading commences on the primary exchange.
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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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